| Market Capitalization (Millions $) |
434 |
| Shares
Outstanding (Millions) |
35 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
1,721 |
| Net Income (TTM) (Millions $) |
55 |
| Cash Flow (TTM) (Millions $) |
29 |
| Capital Exp. (TTM) (Millions $) |
11 |
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
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66.87 %