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) 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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