Star Group, L.P. Declares Quarterly Distribution of 17.25 Cents per Unit
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), un distributore di energia domestica e fornitore di servizi, ha annunciato una distribuzione trimestrale di $0.1725 per unità comune per il trimestre che termina il 31 dicembre 2024. La distribuzione sarà pagata agli azionisti registrati al 27 gennaio 2025, con pagamento previsto per il 5 febbraio 2025.
Star Group (NYSE:SGU), un distribuidor de energía para el hogar y proveedor de servicios, ha anunciado una distribución trimestral de $0.1725 por unidad común para el trimestre que finaliza el 31 de diciembre de 2024. La distribución se pagará a los tenedores de unidades registrados a partir del 27 de enero de 2025, con el pago programado para el 5 de febrero de 2025.
스타 그룹 (NYSE:SGU), 가정용 에너지 유통업체이자 서비스 제공업체가 2024년 12월 31일 종료되는 분기 동안 일반 단위당 $0.1725의 분배를 발표했습니다. 이 분배금은 2025년 1월 27일 기준의 유닛 보유자에게 지급되며, 지급일은 2025년 2월 5일로 예정되어 있습니다.
Star Group (NYSE:SGU), un distributeur d'énergie domestique et prestataire de services, a annoncé une distribution trimestrielle de 0,1725 $ par unité commune pour le trimestre se terminant le 31 décembre 2024. La distribution sera versée aux détenteurs d'unités enregistrées au 27 janvier 2025, avec un paiement prévu pour le 5 février 2025.
Star Group (NYSE:SGU), ein Anbieter von Energieverteilung und Dienstleistungen für Privathaushalte, hat eine vierteljährliche Ausschüttung von 0,1725 $ pro Stammaktie für das am 31. Dezember 2024 endende Quartal angekündigt. Die Ausschüttung wird an die Einheiteninhaber ausgezahlt, die am 27. Januar 2025 registriert sind, mit einer Zahlung, die für den 5. Februar 2025 geplant ist.
- Maintains consistent quarterly distribution to unitholders
- Demonstrates ability to return capital to investors
- None.
Insights
The quarterly distribution of
The company's ability to maintain its distribution level suggests stable cash flow generation, particularly important given the seasonal nature of the heating business. The distribution amount, while modest, provides a reliable income stream that typically attracts income-focused investors seeking stability in their portfolio. However, investors should note that as a master partnership (MLP), SGU distributions come with specific tax implications and require K-1 forms, which adds complexity to tax reporting compared to traditional corporate dividends.
STAMFORD, Conn., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today declared its quarterly distribution of
- Record date: January 27, 2025
- Payment date: February 5, 2025
About Star Group, L.P.
Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at www.sec.gov and by visiting Star's website at www.stargrouplp.com, where unit holders may request a hard copy of Star’s complete audited financial statements free of charge.
Forward Looking Information
This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the impact of geopolitical events on wholesale product cost volatility, the price and supply of the products that we sell, our ability to purchase sufficient quantities of product to meet our customer’s needs, rapid increases in levels of inflation, the consumption patterns of our customers, our ability to obtain satisfactory gross profit margins, the effect of weather conditions on our financial performance, our ability to obtain new customers and retain existing customers, our ability to make strategic acquisitions, the impact of litigation, natural gas conversions and electrification of heating systems, pandemic and future global health pandemics, recessionary economic conditions, future union relations and the outcome of current and future union negotiations, the impact of current and future governmental regulations, including climate change, environmental, health, and safety regulations, the ability to attract and retain employees, customer credit worthiness, counterparty credit worthiness, marketing plans, cyber-attacks, global supply chain issues, labor shortages and new technology, including alternative methods for heating and cooling residences. All statements other than statements of historical facts included in this Report including, without limitation, the statements under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere herein, are forward-looking statements. Without limiting the foregoing, the words “believe,” “anticipate,” “plan,” “expect,” “seek,” “estimate,” and similar expressions are intended to identify forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2024. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and Quarterly Reports on Form 10-Q. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release.
| CONTACT: | |
| Star Group, L. P. | Chris Witty |
| Investor Relations | Darrow Associates |
| 203/328-7310 | 646/438-9385 or cwitty@darrowir.com |
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