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

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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.

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.
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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).
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Star Group, L.P. (SGU) declares quarterly distribution of $0.1625 per common unit for the three months ended December 31, 2023
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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.
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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.
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Star Group, L.P. declares quarterly distribution of $0.1625 per common unit
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FAQ

What is the current stock price of Star Group, L.P. Common Units Representing Partner Interest (SGU)?

The current stock price of Star Group, L.P. Common Units Representing Partner Interest (SGU) is $11.79 as of December 6, 2024.

What is the market cap of Star Group, L.P. Common Units Representing Partner Interest (SGU)?

The market cap of Star Group, L.P. Common Units Representing Partner Interest (SGU) is approximately 407.7M.

What services does Star Group, L.P. provide?

Star Group offers home heating products, air conditioning equipment, home security, plumbing, and appliance services.

In which regions does Star Group operate?

Star Group operates in 19 states and the District of Columbia, primarily serving the Northeast and Mid-Atlantic regions.

What products does Star Group sell?

Star Group sells home heating oil, propane, diesel fuel, gasoline, and air conditioning equipment.

Is Star Group a publicly traded company?

Yes, Star Group is publicly traded on the New York Stock Exchange under the symbol 'SGU'.

How has Star Group expanded its business?

Star Group has grown through strategic acquisitions of family-owned businesses and expanding its propane operations.

What is Star Group's approach to customer service?

Star Group focuses on delivering superior customer experiences through its decentralized network of local operations.

What types of customers does Star Group serve?

Star Group serves both residential and commercial customers with its range of home heating, air conditioning, and home services.

How can I contact Star Group for investor relations?

You can contact Star Group’s Investor Relations at 203/328-7310 or Chris Witty at Darrow Associates at 646/438-9385 or cwitty@darrowir.com.

What makes Star Group a leading energy provider?

Star Group’s extensive product offerings, strategic growth, and commitment to customer service make it a leading energy provider in the U.S.

What recent developments have there been at Star Group?

Star Group continues to expand its propane business and maintain high standards of service, contributing to its growth and success in the energy sector.

Star Group, L.P. Common Units Representing Limited Partner Interest

NYSE:SGU

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407.67M
27.83M
14.64%
44.95%
0.22%
Oil & Gas Refining & Marketing
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