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

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Rhea-AI Summary

Star Group, L.P. reported a 9.7% decrease in revenue for the fiscal 2024 Q2 due to lower volume and selling prices. Net income increased by $6.3 million, with Adjusted EBITDA at $96.3 million. The company's net income rose by $5.8 million for the first six months of fiscal 2024 despite a 13.8% revenue decrease.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2%
Tags
-
Rhea-AI Summary
Star Group, L.P. (SGU) will host a webcast and conference call on May 2, 2024, to discuss its fiscal 2024 second quarter results. The company will release its results on May 1, 2024, after the market closes. The webcast will be available on the company's website, and the conference call can be accessed via phone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
Tags
conferences earnings
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Rhea-AI Summary
Star Group, L.P. (SGU) has raised its quarterly distribution to $0.1725 per common unit from $0.1625 per common unit for the three months ended March 31, 2024. The record date is April 29, 2024, and the payment date is May 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
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none
Rhea-AI Summary
Star Group, L.P. (SGU) reported a 18.5% decrease in total revenue to $528.1 million for the fiscal 2024 first quarter. The decrease was due to a decline in volume sold and lower selling prices for petroleum products. Despite this, adjusted EBITDA remained virtually unchanged from the prior year's period at $49.0 million. The company's net income decreased by $0.6 million to $13.0 million, primarily due to unfavorable non-cash changes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.16%
Tags
-
Rhea-AI Summary
Star Group, L.P. (SGU) will release its fiscal 2024 first quarter results on February 7, 2024, followed by a webcast and conference call on February 8, 2024. The webcast will be accessible on the company’s website, and the telephone number for the conference call is 888-346-3470 (412-317-5169 for international callers).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
conferences earnings
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Rhea-AI Summary
Star Group, L.P. (SGU) declares quarterly distribution of $0.1625 per common unit for the three months ended December 31, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
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none
Rhea-AI Summary
Star Group, L.P. (NYSE:SGU) reported a 10.0 percent decrease in total revenue to $266.9 million in the fiscal 2023 fourth quarter, with a net loss of $19.7 million. For the fiscal year 2023, the company reported nearly flat revenue of $2.0 billion, a decrease in total volume sold, and a net income decline of $3.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.17%
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-
Rhea-AI Summary
Star Group, L.P. (NYSE: SGU) will release its fiscal 2023 fourth quarter and year-end results on December 6, 2023, followed by a webcast and conference call on December 7, 2023, to review the three and twelve months ended September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
Tags
conferences earnings
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Rhea-AI Summary
Star Group, L.P. declares quarterly distribution of $0.1625 per common unit
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
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none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.75%
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Star Group, L.P. Common Units Representing Limited Partner Interest

NYSE:SGU

SGU Rankings

SGU Stock Data

405.19M
26.55M
14.24%
45%
0.2%
Fuel Dealers
Retail Trade
Link
United States of America
STAMFORD

About SGU

star group is a leading energy and related home services provider specializing in the sale of home heating products and services to residential and commercial customers. we also service and sell air conditioning equipment and provide home security, plumbing and appliance services. we are the nation's largest retail distributor of home heating oil, based upon sales volume, operating throughout the northeast and mid-atlantic. also over the last several years we have significantly grown our propane business. currently we operate in 19 states, as well as the district of columbia. star group is a publically traded company on the new york stock exchange, inc. ("nyse"​), under the symbol "sgu”. operating via a decentralized network of local operations, our success has grown via a diverse collection of brands. many of our operations started out as family owned businesses that joined the star group family by way of acquisition. our focus continues to be providing a superior customer experience