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Star Group, L.P. Increases Quarterly Distribution to 17.25 Cents per Unit

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Star Group, L.P. (SGU) has raised its quarterly distribution to $0.1725 per common unit from $0.1625 per common unit for the three months ended March 31, 2024. The record date is April 29, 2024, and the payment date is May 8, 2024.
Star Group, L.P. (SGU) ha aumentato la sua distribuzione trimestrale a $0,1725 per unità ordinaria da $0,1625 per unità ordinaria per i tre mesi conclusi il 31 marzo 2024. La data di registrazione è il 29 aprile 2024 e la data di pagamento è l'8 maggio 2024.
Star Group, L.P. (SGU) ha incrementado su distribución trimestral a $0.1725 por unidad común desde $0.1625 por unidad común para los tres meses finalizados el 31 de marzo de 2024. La fecha de registro es el 29 de abril de 2024 y la fecha de pago es el 8 de mayo de 2024.
스타 그룹, L.P. (SGU)는 2024년 3월 31일로 끝나는 세 달 간의 분기 배당금을 기존의 주당 $0.1625에서 $0.1725로 인상하였습니다. 기록일은 2024년 4월 29일이며, 지급일은 2024년 5월 8일입니다.
Star Group, L.P. (SGU) a augmenté sa distribution trimestrielle à 0,1725 $ par part ordinaire contre 0,1625 $ par part ordinaire pour les trois mois se terminant le 31 mars 2024. La date d'enregistrement est le 29 avril 2024 et la date de paiement est le 8 mai 2024.
Star Group, L.P. (SGU) hat seine Quartalsausschüttung von $0,1625 pro Stammanteil auf $0,1725 pro Stammanteil für die drei Monate zum 31. März 2024 erhöht. Das Aufzeichnungsdatum ist der 29. April 2024 und das Zahlungsdatum ist der 8. Mai 2024.
Positive
  • Star Group, L.P. (SGU) has increased its quarterly distribution to $0.1725 per common unit, up from $0.1625 per common unit.
  • The record date for the distribution is April 29, 2024, with a payment date set for May 8, 2024.
Negative
  • None.

STAMFORD, Conn., April 18, 2024 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today announced that it has increased its quarterly distribution for the three months ended March 31, 2024 to $0.1725 per common unit from $0.1625 per common unit.

  • Record date: April 29, 2024
  • Payment date: May 8, 2024

About Star Group, L.P.
Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at www.sec.gov and by visiting Star's website at www.stargrouplp.com, where unit holders may request a hard copy of Star’s complete audited financial statements free of charge.

Forward Looking Information
This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the impact of geopolitical events on wholesale product cost volatility, the price and supply of the products that we sell, our ability to purchase sufficient quantities of product to meet our customer’s needs, rapid increases in levels of inflation, the consumption patterns of our customers, our ability to obtain satisfactory gross profit margins, the effect of weather conditions on our financial performance, our ability to obtain new customers and retain existing customers, our ability to make strategic acquisitions, the impact of litigation, natural gas conversions and electrification of heating systems, pandemic and future global health pandemics, recessionary economic conditions, future union relations and the outcome of current and future union negotiations, the impact of current and future governmental regulations, including climate change, environmental, health, and safety regulations, the ability to attract and retain employees, customer credit worthiness, counterparty credit worthiness, marketing plans, cyber-attacks, global supply chain issues, labor shortages and new technology, including alternative methods for heating and cooling residences. All statements other than statements of historical facts included in this Report including, without limitation, the statements under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere herein, are forward-looking statements. Without limiting the foregoing, the words “believe,” “anticipate,” “plan,” “expect,” “seek,” “estimate,” and similar expressions are intended to identify forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2023. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release.

CONTACT: 
Star Group, L.P.Chris Witty
Investor Relations  Darrow Associates
203/328-7310646/438-9385 or cwitty@darrowir.com

FAQ

What is the new quarterly distribution for Star Group, L.P. (SGU)?

Star Group, L.P. (SGU) has raised its quarterly distribution to $0.1725 per common unit from $0.1625 per common unit for the three months ended March 31, 2024.

When is the record date for the increased distribution by Star Group, L.P. (SGU)?

The record date for the increased distribution by Star Group, L.P. (SGU) is April 29, 2024.

When is the payment date for the increased distribution by Star Group, L.P. (SGU)?

The payment date for the increased distribution by Star Group, L.P. (SGU) is May 8, 2024.

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Oil & Gas Refining & Marketing
Retail-retail Stores, Nec
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United States of America
STAMFORD