CSIMarket
 
Star Group L p   (SGU)
Other Ticker:  
 
    Sector  Retail    Industry Specialty Retail
   Industry Specialty Retail
   Sector  Retail
 
Price: $10.7600 $0.04 0.373%
Day's High: $10.97 Week Perf: -2.09 %
Day's Low: $ 10.63 30 Day Perf: 0.09 %
Volume (M): 17 52 Wk High: $ 15.22
Volume (M$): $ 186 52 Wk Avg: $12.43
Open: $10.89 52 Wk Low: $10.21



 Market Capitalization (Millions $) 383
 Shares Outstanding (Millions) 36
 Employees -
 Revenues (TTM) (Millions $) 1,955
 Net Income (TTM) (Millions $) 32
 Cash Flow (TTM) (Millions $) 31
 Capital Exp. (TTM) (Millions $) 9

Star Group L P
The company is a distributor and service provider of home heating oil and propane to residential and commercial customers in the Northeast and Mid-Atlantic regions of the United States. As of September 30, 2022, the company had approximately 415,900 full service residential and commercial customers, and 75,900 customers on a delivery-only basis. The company's market share in the retail distribution of home heating oil is in excess of 5.5%, making it the largest in the United States in terms of sales volume. The company also sells gasoline and diesel fuel to approximately 26,600 customers, and installs, maintains, and repairs heating and air conditioning equipment for both its heating oil and propane customer base and other customers. The company conducts its business through its operating subsidiary, Petro Holdings, Inc., using several local brand names such as Petro Home Services, Meenan, and Griffith Energy Services, Inc.

The company provides several pricing alternatives to its residential home heating oil customers, including a variable price (market-based) option and a price-protected option that sets either the maximum price or a fixed price that a customer will pay. Approximately 95% of the company's full-service residential and commercial home heating oil customers automatically receive deliveries based on prevailing weather conditions. In addition, approximately 32% of the company's residential customers take advantage of its "smart pay" budget payment plan. The company uses derivative instruments to mitigate its exposure to market risks associated with its price-protected offerings and the storing of its physical home heating oil inventory.

The company operates in several states, including Connecticut, Delaware, Maryland, Massachusetts, Michigan, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, and the District of Columbia. The retail home heating oil industry is mature, and total market demand is expected to decline in the foreseeable future due to conversions to natural gas, availability of other alternative energy sources, and the installation of more fuel-efficient heating systems. The company's ability to maintain its business or grow within the industry is dependent on the acquisition of other retail distributors, the success of its marketing programs, and the growth of its other service offerings.


   Company Address: 9 West Broad Street Stamford 6902 CT
   Company Phone Number: 328-7310   Stock Exchange / Ticker: NYSE SGU
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Dividend

Star Group, L.P. Continues to Reward Shareholders with Promising Quarterly Distribution Amidst Challenging Market Conditions

Published Thu, Jan 11 2024 5:01 PM UTC


In an official press release on January 11, 2024, Star Group, L.P., a prominent home energy distributor and services provider, declared its quarterly distribution of $0.1625 per common unit for the three months ended December 31, 2023. This news comes as a welcome development for the company's shareholders, who have already witnessed the positive impact of previous impr...

Star Group L P

Star Group, L.P. Shows Promising Signs of Recovery with Steady Loss Reduction and Improved Efficiency

The recent financial results of Star Group, L.P. (NYSE: SGU) have provided interesting insights into the company's performance and potential future prospects. Let's analyze the key facts and understand how they might influence the company moving forward.
1. Loss per Share Improvement: Star Group, L.P. managed to decrease its loss per share from $-1.36 a year ago to $-0.55 in the most recent fiscal period. This improvement indicates that the company has been able to reduce its losses and move towards profitability. It suggests that management's efforts to control costs and improve efficiency are yielding positive results.

Dividend

Star Group, L.P. Energizes Shareholders with Impressive Quarterly Distribution

Published Tue, Oct 10 2023 2:00 PM UTC



Star Group, L.P. (NYSE: SGU), a leading home energy distributor and services provider, has announced its latest quarterly distribution of $0.1625 per common unit. This declaration highlights the company's commitment to delivering consistent returns to its shareholders. In this article, we will outline the key facts surrounding this announcement and assess its poten...

Star Group L P

Star Group L P Stuns with Remarkable Revenue Contraction Amid Increased Losses in Q3 2023



Star Group LP, a prominent player in the Specialty Retail industry, recently released its financial report for the third quarter of 2023. Unfortunately, the report contains several concerning factors, such as a significant increase in net loss per share, a substantial decline in revenue, and a faltering performance compared to industry peers. These indicators not only paint a grim picture of the company's financial health, but also cast doubts on its ability to regain stability and profitability in the near future.
Losses and Revenue Deterioration:
Star Group LP's net loss per share skyrocketed to $-0.67 from $-0.29, indicating a grave decline in profitability. This deterioration in financial performance is further emphasized by the company's declining revenue, which plunged by a staggering -30.676% to $299.09 million from $431.43 million in the previous year. These figures are in stark contrast to the Specialty Retail industry as a whole, which managed to record a growth in top-line revenue during the same period.

Star Group L P

Star Group LP Reports 3.175% Slide in Revenue During Q2 2023 Earnings Season

Star Group L P recently published their soft earnings report for the fiscal period ending March 31, 2023. The report reveals a decrease in income by -18.86%, with revenue falling by -3.175% to $740.64 million, compared to the previous year. The earnings from the preceding reporting period saw an advancement of revenue by 11.237% from $665.82 million, with EPS elevating by 330.3% from $0.33 per share.
Despite the positive earnings report from the previous financial year, in the fiscal period ending March 31, 2023, Star Group L P's net profits were down by -23.76% to $62.041 million from $81.379 million in the corresponding period a year before. The analysis revealed a notable shrinking of operating margin to 12.36%, and net margin mitigated to 8.38%.






 

Star Group L P's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com