Welcome to our dedicated page for Star Group news (Ticker: SGU), a resource for investors and traders seeking the latest updates and insights on Star Group stock.
Overview
Star Group (SGU) is a diversified energy and home services provider that has established itself through a robust and decentralized network of local operations. Operating as a major retail distributor of home heating oil, the company also excels in the sale of air conditioning equipment and provides a comprehensive range of services including home security, plumbing, and appliance repair. These integrated offerings position Star Group as an essential service provider in the energy and home services sectors, catering to both residential and commercial clientele.
Core Business Sectors
The company’s core operations are built around several key business areas:
- Home Heating Products: Specializing in the retail distribution of home heating oil, Star Group has built its reputation as a reliable supplier. The company leverages its extensive network to ensure convenient delivery and service to customers across numerous states.
- Air Conditioning and Cooling: Star Group offers a wide range of air conditioning equipment along with maintenance and installation services, targeting both residential and commercial markets. This part of the portfolio complements its heating business and supports year-round climate control solutions.
- Home Security, Plumbing, and Appliance Services: To create a holistic home comfort package, the company provides additional services including home security installation, plumbing, and appliance-related services, thereby addressing various needs of modern households.
- Diversified Energy Products: In addition to heating oil, Star Group handles other fuels such as propane, diesel fuel, and gasoline, further diversifying its offerings and broadening its market appeal.
Geographical Footprint and Operational Model
Star Group operates across a wide geographical region, serving markets throughout the northeast, mid-Atlantic, and other parts of the United States. The company’s decentralized operational model allows local teams to manage service delivery with agility and responsiveness, which is enhanced by a legacy of family-owned businesses that join the Star Group family through strategic acquisitions. This operational strategy fosters strong local customer relationships and ensures that services are finely tuned to meet specific regional demands.
Market Position and Competitive Landscape
Positioned as a key player in the energy and home services sector, Star Group has distinguished itself through its varied product portfolio and commitment to customer service. Its unique business model centers on leveraging localized operations combined with the strengths of a broad and diversified service offering. This approach helps the company maintain resilience in a competitive market where differentiation is achieved through trusted customer relationships and a consistent quality of service, rather than solely through financial figures.
Strategic Operations and Customer Focus
At the core of Star Group’s operational excellence is a focus on offering a superior customer experience. Through the integration of multiple service lines and a history of organic growth via acquisitions, the company continuously refines its business strategies. This allows them to meet the comprehensive needs of customers, ensuring reliability across energy distribution and home services. Industry-specific expertise is demonstrated in the meticulous management of local operations, providing tailored solutions that support both immediate service needs and long-term customer satisfaction.
Operational Excellence and Brand Diversity
The diverse array of brands under the Star Group umbrella is a testament to its strategic approach towards growth and market presence. Originally rooted in family-owned businesses, the company has grown by maintaining the authenticity and reliability of its legacy while embracing operational efficiencies inherent in a well-coordinated, decentralized network. This blend of heritage and modern operational practices further reinforces Star Group’s authority within its industry, making it a subject of interest for market analysts and investors aiming to understand solid, evergreen business models.
Star Group, L.P. (SGU), a prominent home energy distributor, will announce its fiscal 2022 Q2 results on May 4, 2022, post-market. A conference call is scheduled for May 5, 2022, at 11:00 AM ET for a detailed review of the quarter ending March 31, 2022. The company specializes in home heating products and services and claims to be the largest retail distributor of home heating oil based on sales volume. Investors can access information via Star’s website or SEC filings.
Star Group, L.P. (NYSE: SGU) announced a quarterly distribution increase to $0.1525 per common unit for Q1 2022, up from $0.1425. The record date for this distribution is April 25, 2022, and the payment date is set for May 3, 2022. Star Group is a leading home energy distributor, specializing in heating oil and propane services in the Northeast and Mid-Atlantic regions. The company also provides plumbing services and sells gasoline and diesel fuel. Potential risks include impacts from COVID-19 and fluctuations in supply and demand for their products.
Star Group, L.P. (SGU) reported a 30.8% increase in total revenue for Q1 fiscal 2022, reaching $488.3 million, up from $373.3 million in Q1 2021. This growth was primarily due to higher selling prices, despite a 2.8% decrease in volume sold. Net income fell to $14.5 million, a decline of $23.4 million, largely driven by a $30.8 million unfavorable change in derivative instruments. Adjusted EBITDA also decreased by 1.9% to $44.5 million. The company experienced warmer weather impacting demand but retained strong margin management and customer retention.
Star Group, L.P. (NYSE: SGU) will release its fiscal 2022 first quarter results on February 2, 2022, after market close. A conference call and webcast will follow on February 3, 2022, at 11:00 a.m. Eastern Time to discuss the performance for the three months ended December 31, 2021. Star Group specializes in home heating products and services, including oil and propane distribution, and is a leading distributor based on sales volume in the Northeast and Mid-Atlantic U.S. regions.
Star Group, L.P. (NYSE:SGU) announced a quarterly distribution of $0.1425 per common unit for the period ending December 31, 2021. The record date for this distribution is January 24, 2022, with a payment date set for February 1, 2022. Star Group is a leading home energy distributor, primarily providing heating oil and propane services to residential and commercial customers in the Northeast and Mid-Atlantic regions. The company emphasizes its significant market presence in home heating oil distribution.
Star Group reported a 29.1% increase in Q4 2021 revenue to $236.6 million, driven by higher selling prices and a 9.7% rise in home heating oil and propane sales.
Despite a net loss of $23.2 million, the company's net loss improved thanks to a $6.6 million favorable change in derivatives. For the full fiscal year, total revenue rose by 2.0% to $1.5 billion, though home heating oil and propane volumes dropped 2.4%. Net income rose to $87.7 million due to favorable derivatives, despite a dip in Adjusted EBITDA to $127.5 million.
Star Group, L.P. (NYSE: SGU) will release its fiscal 2021 fourth-quarter results on December 8, 2021. A conference call is scheduled for December 9, 2021, at 11:00 a.m. ET, where management will discuss the financial performance for the three and twelve months ended September 30, 2021. Star Group specializes in home heating products and services, serving residential and commercial customers. The company claims to be the largest retail distributor of home heating oil in the U.S., with a focus on northeastern and eastern states.
Star Group announced a quarterly distribution of $0.1425 per common unit for Q3 2021. The record date is set for November 1, 2021, with a payment date of November 9, 2021. Star Group is a leading home energy distributor, focusing on heating products and services for residential and commercial customers, primarily competing in the Northeast and Mid-Atlantic regions of the U.S. The company claims to be the nation’s largest retail distributor of home heating oil by sales volume.
Star Group, L.P. (NYSE:SGU) reported a 21.9% increase in third-quarter revenue for fiscal 2021, totaling $283.1 million, driven by higher selling prices and increased volume in motor fuel. However, the company faced a significant net loss of $12.1 million, attributed to a 25.9% decrease in home heating oil and propane volume due to warmer temperatures. For the nine months, total revenue fell 1.8% to $1.3 billion, while net income rose to $111.0 million, aided by favorable changes in derivative values.
Star Group, L.P. (NYSE: SGU) announced it will release its fiscal 2021 third quarter results on August 4, 2021. A conference call will be held on August 5, 2021, at 11:00 a.m. ET for management to discuss the results for the three and nine-month periods ending June 30, 2021. Star Group is a major home energy distributor, specializing in heating products and services across various U.S. regions. The company emphasizes its position as the largest retail distributor of home heating oil based on sales volume.
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