Welcome to our dedicated page for Star Group news (Ticker: SGU), a resource for investors and traders seeking the latest updates and insights on Star Group stock.
Star Group, L.P. (NYSE: SGU) is a home energy distributor and services provider focused on home heating products and services for residential and commercial customers. This news page compiles company announcements, financial updates and other disclosures that explain how Star’s home heating oil, propane and related service operations are performing over time.
News coverage for Star Group frequently centers on quarterly and annual financial results, where the company reports changes in total revenue, volumes of home heating oil and propane sold, and the impact of wholesale product costs and weather on its business. These releases often discuss Adjusted EBITDA, net income or loss, and the contribution from recent acquisitions, giving readers insight into how volumes, margins and operating expenses are evolving.
Investors following SGU news will also see distribution declarations on the partnership’s common units, along with updates on any changes to the quarterly distribution rate. In addition, Star regularly announces the scheduling of webcasts and conference calls to review its fiscal first, second, third and fourth quarter results, providing details on when management will discuss performance and answer questions.
Because Star Group operates in the Northeast and Mid-Atlantic U.S. regions and focuses on home heating oil and propane, its news often references weather patterns, customer attrition, acquisitions, and weather hedge contracts. These factors can significantly influence volumes and profitability. By reviewing the items on this news page, readers can track how Star’s home energy distribution and service activities respond to changing temperatures, wholesale cost trends and strategic acquisitions across fiscal periods.
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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