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Stock impact report

Star Group, L.P. Reports Fiscal 2024 First Quarter Results

Star Group L.P. (SGU) 
US:NYSE Investor Relations: stargrouplp.com/investor-relations
Company Research Source: GlobeNewswire
STAMFORD, Conn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today announced financial results for its fiscal 2024 first quarter, the three month period ended December 31, 2023. Three Months Ended December 31, 2023 Compared to the Three Months Ended December 31, 2022For the fiscal 2024 first quarter, Star reported an 18.5 percent decrease in total revenue to $528.1 million compared with $648.2 million in the prior-year period, reflecting both a decline in volume sold and lower selling prices for petroleum products. The volume of home heating oil and propane sold during the fiscal 2024 first quarter decreased by 9.1 million gallons, or 10.2 percent, to 80.1 million gallons, as the additional volume provided from acquisitions and other factors was more than offset by the impact of warmer weather and net customer attrition. Temperatures in Star's geographic areas of operation for the three Show less Read more
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