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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, L.P. (NYSE:SGU) announced a quarterly distribution of $0.1325 per common unit for the period ending December 31, 2020. The record date for this distribution is set for January 25, 2021, with payments scheduled for February 2, 2021. Star Group is a leading provider in home energy distribution, specializing in heating oil and propane services. The company operates primarily in the northeastern and central U.S., serving residential and commercial customers.
Star Group, L.P. (SGU) reported a challenging fiscal 2020, with a 22.3% decrease in Q4 revenue to $183.3 million compared to $235.9 million a year earlier, attributed to lower selling prices and volume declines. Annual revenue fell 16.3% to $1.5 billion, mainly due to reduced average prices and a 9.3% drop in total volume sold, exacerbated by the pandemic and customer attrition. Despite these challenges, the net income rose to $55.9 million, driven by improved Adjusted EBITDA of $130.3 million, reflecting operational cost reductions and better margins in home heating products.
Star Group, L.P. (NYSE: SGU) has announced it will release its fiscal 2020 fourth quarter and full year results post-market on December 7, 2020. A management webcast and conference call is scheduled for December 8, 2020, at 11:00 a.m. ET to discuss the financial results for the periods ended September 30, 2020. Star Group is a major home energy distributor specializing in heating oil and propane services across the U.S., with significant business operations in the Northeast, Central, and Southeast regions.
Star Group, L.P. (NYSE:SGU) announced a quarterly distribution of $0.1325 per common unit for Q3 2020, with a record date of November 2, 2020 and a payment date of November 10, 2020. The company is a leading home energy distributor, specializing in home heating oil and propane for residential and commercial clients primarily in the northeastern U.S. Star is also the largest retail distributor of home heating oil by sales volume. The release touches upon forward-looking statements, emphasizing risks linked to the COVID-19 pandemic and various operational uncertainties.
Star Group, L.P. (SGU) reported third-quarter fiscal 2020 results, with total revenue falling 18.1% to $232.2 million due to lower selling prices and reduced service sales. However, heating oil and propane volume surged by 38.8% to 51.2 million gallons due to colder temperatures. Adjusted EBITDA rose significantly to $5.7 million, a 128.2% increase. For the nine months ended June 30, 2020, revenue declined by 15.4% to $1.3 billion, while net income increased to $86.1 million, aided by a $33.4 million rise in Adjusted EBITDA.
Star Group, L.P. (NYSE: SGU) will release its fiscal 2020 third quarter results post-market on August 3, 2020. A management Webcast and conference call is scheduled for August 4 at 11:00 a.m. ET to discuss results for the three and nine months ending June 30, 2020. The company is the largest U.S. distributor of home heating oil and provides propane, gasoline, and diesel fuel, along with heating and air conditioning services. Star’s performance is influenced by various risks, including COVID-19, economic conditions, and supply chain dynamics.
Star Group, L.P. (NYSE: SGU) announced a quarterly distribution of $0.1325 per common unit for the period ending June 30, 2020. The record date for the distribution is July 27, 2020, with payments scheduled for August 4, 2020. Star Group, a leading energy provider, specializes in heating oil and propane sales, primarily serving the Northeast, Central, and Southeast U.S. The company emphasizes its status as the largest retail distributor of home heating oil by sales volume.
Star Group, L.P. (NYSE:SGU) announced financial results for Q2 2020, reporting a 22.4% decline in total revenue to $543.1 million due to lower volumes and selling prices. Despite this, net income decreased by 19.2% to $58.4 million, impacted by a $25.1 million unfavorable change in derivative fair value. Adjusted EBITDA increased by 7.5% to $106.9 million. Over six months, revenue fell 14.8% to $1.1 billion, while net income rose by 15.4% to $86.2 million, primarily due to favorable derivative changes.
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