Star Group Stock Price, News & Analysis

Star Group (NYSE:SGU) reported financial results for Q1 fiscal 2025. Total revenue decreased 7.6% to $488.1 million from $528.1 million in the prior year, mainly due to lower petroleum prices despite increased volume. Home heating oil and propane volume increased by 2.8% to 82.4 million gallons, driven by acquisitions and colder temperatures.

Net income rose by $19.9 million to $32.9 million, benefiting from a $24.3 million favorable change in derivative instruments value and a $2.8 million increase in Adjusted EBITDA. The quarter saw temperatures 4.1% colder than the previous year but 10.5% warmer than normal. Adjusted EBITDA reached $51.9 million, up $2.8 million year-over-year, supported by recent acquisitions and higher per-gallon margins.

Star Group (NYSE: SGU), a leading home energy distributor and services provider, has announced it will release its fiscal 2025 first quarter results after trading hours on February 5, 2025. The company will host a webcast and conference call on February 6, 2025, at 11:00 a.m. Eastern Time to discuss the financial results for the three months ended December 31, 2024. Investors can access the webcast through the company's website at www.stargrouplp.com, while the conference call can be joined via telephone at 888-346-3470 (412-317-5169 for international participants).

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.