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Star Group, L.P. (SGU) is a premier energy and home services provider, specializing in the sale of home heating products and services to both residential and commercial customers. The company’s extensive range of offerings includes home heating oil, air conditioning equipment, and a variety of home services such as security, plumbing, and appliance maintenance. As the nation’s largest retail distributor of home heating oil by sales volume, Star Group operates primarily in the Northeast and Mid-Atlantic regions of the United States. In recent years, the company has significantly expanded its propane business, further diversifying its energy portfolio.
Operating in 19 states and the District of Columbia, Star Group leverages a decentralized network of local operations to deliver superior customer experiences. Many of these local operations began as family-owned businesses and were integrated into the Star Group family through strategic acquisitions. This diverse collection of brands enables the company to maintain a strong, community-focused presence while benefiting from the resources and expertise of a large, publicly-traded organization.
Listed on the New York Stock Exchange under the symbol SGU, Star Group continues to prioritize growth and customer satisfaction. Through its commitment to innovation and service excellence, the company has earned a reputation as a reliable and trusted provider of energy and home services.
In addition to its core business, Star Group offers diesel fuel and gasoline sales, enhancing its product lineup and catering to a broader range of energy needs. With a strategic focus on expanding its market reach and maintaining high standards of service, Star Group is well-positioned for continued success and growth in the competitive energy sector.
Star Group, L.P. (NYSE:SGU) reported fiscal 2021 Q2 results showing an 11.2% increase in total revenue to $604.1 million, driven by a significant rise in home heating oil and propane volumes. The company sold 157.6 million gallons, a 15.7% increase year-over-year, aided by colder weather conditions. Net income rose by $26.8 million to $85.2 million, largely due to favorable derivative valuations. For the first half of fiscal 2021, total revenue decreased by 7.1% to $1.0 billion, despite a 1.5% increase in volumes.
Star Group, L.P. (NYSE: SGU) will release its fiscal 2021 second quarter results on May 5, 2021, after market close. A conference call will be held on May 6, 2021, at 12:00 PM ET to discuss the results for the three and six months ended March 31, 2021. Star Group offers home heating products and services, positioning itself as a leading distributor of home heating oil and propane in the U.S. The company emphasizes its commitment to customer service and market adaptability amidst ongoing uncertainties related to the COVID-19 pandemic.
Star Group, L.P. (NYSE: SGU) announced a quarterly distribution increase from $0.1325 to $0.1425 per common unit for the three months ending March 31, 2021. The record date for this distribution is set for May 3, 2021, with payments scheduled for May 11, 2021. Star Group specializes in home heating products and services, claiming to be the largest retail distributor of home heating oil in the U.S. The company serves customers primarily in the Northeast and Mid-Atlantic regions, offering heating, ventilation, and air conditioning (HVAC) solutions.
Star Group, L.P. (NYSE:SGU) reported a 26.6% decrease in total revenue, totaling $373.3 million for the fiscal 2021 first quarter ended December 31, 2020, down from $508.9 million in the previous year. This decline was attributed to lower selling prices and a 16.4% decrease in volume sold, driven by warmer weather and net customer attrition. Despite the revenue drop, net income rose to $37.9 million, aided by a favorable derivative change. First quarter Adjusted EBITDA showed slight improvement at $45.3 million, thanks to effective cost management and acquisitions of propane dealers.
Star Group, L.P. (NYSE: SGU) is set to announce its fiscal 2021 first quarter results, scheduled for release after trading closes on February 3, 2021. A conference call with management will take place on February 4, 2021, at 11:00 a.m. Eastern Time to discuss the results from the three months ending December 31, 2020. Star Group is a key player in the home energy distribution sector, offering heating products and services, and is recognized as the largest retail distributor of home heating oil in the U.S.
Star Group, L.P. (NYSE:SGU) announced a quarterly distribution of $0.1325 per common unit for the period ending December 31, 2020. The record date for this distribution is set for January 25, 2021, with payments scheduled for February 2, 2021. Star Group is a leading provider in home energy distribution, specializing in heating oil and propane services. The company operates primarily in the northeastern and central U.S., serving residential and commercial customers.
Star Group, L.P. (SGU) reported a challenging fiscal 2020, with a 22.3% decrease in Q4 revenue to $183.3 million compared to $235.9 million a year earlier, attributed to lower selling prices and volume declines. Annual revenue fell 16.3% to $1.5 billion, mainly due to reduced average prices and a 9.3% drop in total volume sold, exacerbated by the pandemic and customer attrition. Despite these challenges, the net income rose to $55.9 million, driven by improved Adjusted EBITDA of $130.3 million, reflecting operational cost reductions and better margins in home heating products.
Star Group, L.P. (NYSE: SGU) has announced it will release its fiscal 2020 fourth quarter and full year results post-market on December 7, 2020. A management webcast and conference call is scheduled for December 8, 2020, at 11:00 a.m. ET to discuss the financial results for the periods ended September 30, 2020. Star Group is a major home energy distributor specializing in heating oil and propane services across the U.S., with significant business operations in the Northeast, Central, and Southeast regions.
Star Group, L.P. (NYSE:SGU) announced a quarterly distribution of $0.1325 per common unit for Q3 2020, with a record date of November 2, 2020 and a payment date of November 10, 2020. The company is a leading home energy distributor, specializing in home heating oil and propane for residential and commercial clients primarily in the northeastern U.S. Star is also the largest retail distributor of home heating oil by sales volume. The release touches upon forward-looking statements, emphasizing risks linked to the COVID-19 pandemic and various operational uncertainties.
Star Group, L.P. (SGU) reported third-quarter fiscal 2020 results, with total revenue falling 18.1% to $232.2 million due to lower selling prices and reduced service sales. However, heating oil and propane volume surged by 38.8% to 51.2 million gallons due to colder temperatures. Adjusted EBITDA rose significantly to $5.7 million, a 128.2% increase. For the nine months ended June 30, 2020, revenue declined by 15.4% to $1.3 billion, while net income increased to $86.1 million, aided by a $33.4 million rise in Adjusted EBITDA.
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