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Stock impact report

Star Group, L.P. Reports Fiscal 2024 Second Quarter Results [Yahoo! Finance]

Star Group L.P. (SGU) 
US:NYSE Investor Relations: stargrouplp.com/investor-relations
Company Research Source: Yahoo! Finance
provider, today announced financial results for its fiscal 2024 second quarter, the three month period ended March 31, 2024. Three Months Ended March 31, 2024 Compared to the Three Months Ended March 31, 2023 For the fiscal 2024 second quarter, Star reported a 9.7 percent decrease in total revenue to $666.0 million compared with $737.6 million in the prior-year period, reflecting 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 second quarter decreased by 4.0 million gallons, or 3.3 percent, to 117.1 million gallons, as the additional volume provided from acquisitions and colder weather was more than offset by the impact of net customer attrition and other factors. Temperatures in Star's geographic areas of operation for the three months ended March 31, 2024 were 6.9 percent colder than the three months ended March 31, 2023 but 15.2 percent warmer than normal, as reported by the Nationa Show less Read more
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