Star Group, L.P. operates as a home energy distributor and services provider serving residential and commercial customers in the Northeast and Mid-Atlantic regions of the United States. Its updates center on home heating oil and propane volumes, heating-related services, HVAC equipment sales and service, and delivery-only sales of diesel, gasoline and home heating oil.
Recurring news for SGU includes fiscal quarterly and annual results, weather effects on heating demand, acquisition-related volume changes, customer attrition, service and installation revenue, derivative-value effects, conference calls, common-unit distributions and other capital-allocation actions.
Star Group (NYSE:SGU), a home energy distributor and services provider, has declared a quarterly distribution of $0.1850 per common unit for the quarter ended June 30, 2025. The distribution will be paid to unitholders of record as of July 28, 2025, with the payment scheduled for August 6, 2025.
Star Group (NYSE:SGU) reported strong financial results for Q2 fiscal 2025. The company saw an 11.6% increase in total revenue to $743.0 million, driven by higher volumes of home heating oil and propane sold. Volume increased by 22.9% to 143.9 million gallons, benefiting from colder weather and recent acquisitions. Net income rose by $17.5 million to $85.9 million, while Adjusted EBITDA grew to $128.2 million from $96.3 million in the prior year.
For the first six months of fiscal 2025, total revenue increased 3.1% to $1.2 billion, with net income reaching $118.8 million, up $37.4 million from the previous year. The company completed $126.5 million in acquisitions since February 2024 and increased its annual dividend by 5 cents to 74 cents per unit.
Star Group (NYSE: SGU), a leading home energy distributor and services provider, has scheduled its fiscal 2025 second quarter earnings release and conference call. The company will release its financial results for the three and six months ended March 31, 2025, after market close on May 7, 2025. Management will host a webcast and conference call the following day, May 8, 2025, at 11:00 a.m. Eastern Time to discuss the results.
Investors can access the webcast through the company's website at www.stargrouplp.com or join the conference call via telephone at 888-346-3470 (412-317-5169 for international participants).
Star Group (NYSE:SGU) has announced a 5 cent increase in its annual distribution, raising it to $0.74 per unit. The quarterly distribution for the period ending March 31, 2025, will increase from $0.1725 to $0.1850 per common unit. This marks Star Group's 13th consecutive year of annual distribution increases. The distribution will be paid on May 7, 2025, to unitholders of record as of April 28, 2025.
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.