Star Group, L.P. Common Units Representing Limited Partner Interest - SGU STOCK NEWS

Star Group (NYSE:SGU), a home energy distributor and services provider, has announced a quarterly distribution of $0.1725 per common unit for the quarter ending December 31, 2024. The distribution will be paid to unitholders of record as of January 27, 2025, with the payment scheduled for February 5, 2025.

Star Group (NYSE:SGU) has successfully completed the acquisition of a home energy distributor, as announced in their December 2024 agreement. The transaction, valued at approximately $68 million before working capital adjustments, involves a distributor operating within Star's existing footprint.

CEO Jeff Woosnam expressed satisfaction with the acquisition, noting that it brings a well-established home energy distributor under the Star umbrella. The integration is expected to strengthen the company's competitive position across its operational territory. The acquired company's customers and employees will be integrated into the Star Group organization.

Star Group (NYSE:SGU) has announced a definitive agreement to acquire a home energy distributor within its existing operational footprint for approximately $68 million, excluding working capital adjustments. The transaction is expected to close within 45 days, pending governmental reporting requirements compliance. The company's CEO, Jeff Woosnam, stated that the acquisition of this well-established distributor is expected to strengthen Star Group's competitive position and serve as a strategic investment for both the company and its shareholders.

Star Group (NYSE:SGU) reported financial results for Q4 and fiscal year 2024. Q4 total revenue decreased 10% to $240.3 million, with net loss increasing by $15.4 million to $35.1 million. The volume of home heating oil and propane sold declined 1.5% to 18.5 million gallons.

For fiscal 2024, total revenue decreased 9.6% to $1.8 billion, while net income increased by $3.3 million to $35.2 million. The company's Adjusted EBITDA for fiscal 2024 improved by $14.7 million to $111.6 million, driven by higher per-gallon margins and increased service profitability. Customer attrition rate was 4.2%, slightly up year-over-year.

Star Group (NYSE: SGU), a leading home energy distributor and services provider, announced it will release its fiscal 2024 fourth quarter results after market close on December 4, 2024. The company will host a webcast and conference call on December 5, 2024, at 11:00 a.m. Eastern Time to review the three and twelve months ended September 30, 2024. The webcast will be available on the company's website, with conference call access via telephone.

Star Group, L.P. (NYSE:SGU), a home energy distributor and services provider, has announced a quarterly distribution of $0.1725 per common unit for the three months ended September 30, 2024. The distribution details are as follows:

• Record date: October 28, 2024
• Payment date: November 6, 2024

This announcement reflects Star Group's commitment to providing regular returns to its unitholders. The distribution amount remains consistent, indicating stability in the company's financial performance and its ability to maintain shareholder value.

Star Group, L.P. (NYSE:SGU), a home energy distributor and services provider, has announced a new seventh amended and restated asset-based credit facility. The Credit Facility, expiring in September 2029, allows the Company's subsidiary to borrow up to $400 million ($475 million during the heating season from December through April) on a revolving line of credit for working capital purposes. This includes the issuance of up to $25 million in letters of credit.

Additionally, the Credit Facility provides for a $210 million five-year senior secured term loan. The term loan proceeds will be used to repay existing outstanding debt of $132.1 million, with the remaining $77.9 million available for certain identified acquisitions and general corporate purposes.

Star Group, L.P. (NYSE:SGU) reported financial results for its fiscal 2024 third quarter ended June 30, 2024. Total revenue increased by 10.5% to $331.6 million, driven by higher volumes sold and increased selling prices for petroleum products. The volume of home heating oil and propane sold rose by 25.3% to 37.7 million gallons. Net loss decreased by $12.9 million to $11.0 million. The company reported an Adjusted EBITDA loss of $4.1 million, compared to a $22.9 million loss in the prior-year period.

For the nine months ended June 30, 2024, Star reported a 9.5% decrease in total revenue to $1.5 billion. Net income increased by $18.6 million to $70.3 million. Year-to-date Adjusted EBITDA increased by $13.0 million to $141.3 million. The company also announced plans to acquire a fuel oil dealer for approximately $35 million, expected to close in the fourth quarter.

Star Group, L.P. (NYSE: SGU), a leading home energy distributor and services provider, has announced its plans to release fiscal 2024 third quarter results. The company will disclose its financial performance for the three months ended June 30, 2024, after the close of trading on July 31, 2024. Star's management team will host a webcast and conference call on August 1, 2024, at 11:00 a.m. Eastern Time to review the quarterly results. Interested parties can access the webcast through the company's website at www.stargrouplp.com. For those preferring to join via phone, the conference call number is 888-346-3470 for domestic callers and 412-317-5169 for international participants.