Star Group LP (SGU) Reports Decline in Q1 Revenue Amid Warmer Weather and Lower Demand [Yahoo! Finance]
Star Group L.P. (SGU)
US:NYSE Investor Relations:
stargrouplp.com/investor-relations
Company Research
Source: Yahoo! Finance
Home Heating Oil and Propane Volume : Dropped by 10.2% due to warmer weather and customer attrition. Adjusted EBITDA : Remained virtually unchanged at $49.0 million. Strategic Acquisitions : Two new acquisitions post-Q1 to strengthen market presence. Warning! GuruFocus has detected 8 Warning Signs with SGU. On February 7, 2024, Star Group LP ( NYSE:SGU ), a leading home energy distributor and services provider, released its 8-K filing , detailing the financial results for the first quarter of fiscal year 2024, which ended on December 31, 2023. The company, which operates primarily in the Northeast and Mid-Atlantic regions of the U.S., reported a notable 18.5% decrease in total revenue, amounting to $528.1 million, compared to $648.2 million in the same period of the prior year. Performance Overview The decline in revenue is attributed to a 10.2% reduction in the volume of home heating oil and propane sold, totaling 80.1 million gallons, and lower selling prices for petrol
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News
- Star Group, L.P. to Host Fiscal 2024 Second Quarter Webcast and Conference Call May 2, 2024GlobeNewswire
- Star Group, L.P. Increases Quarterly Distribution to 17.25 Cents per UnitGlobeNewswire
- Star Group, L.P. (NYSE: SGU) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Star Group, L.P. (NYSE: SGU) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Star Group, L.P. (NYSE:SGU) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
SGU
Sec Filings
- 4/18/24 - Form 8-K
- 2/13/24 - Form SC
- 2/13/24 - Form SC
- SGU's page on the SEC website