Star Group Raises Quarterly Distribution to $0.1975
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2026
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Should l Buy SGU?
Source: Newsfilter
- Quarterly Distribution Increase: Star Group has raised its quarterly distribution for the three months ended March 31, 2026, from $0.1850 to $0.1975 per common unit, reflecting an annual increase of $0.05, bringing the total annual distribution to $0.79, marking the 14th consecutive year of dividend growth, which underscores the company's strong financial performance and commitment to shareholders.
- Record and Payment Dates: The record date for this distribution is set for April 27, 2026, with a payment date of May 6, 2026, ensuring that shareholders receive their returns promptly, thereby enhancing investor confidence and attracting potential investors.
- Market Position Consolidation: Star Group is recognized as the largest retail distributor of home heating oil in the U.S., and with its extensive customer base in the Northeast and Mid-Atlantic regions, it continues to increase its market share, strengthening its leadership position in the competitive energy market.
- Future Outlook: The company’s forward-looking statements indicate that despite facing multiple risks such as geopolitical issues, inflation, and regulatory challenges, it remains committed to achieving sustainable growth through strategic acquisitions and customer retention, demonstrating management's confidence in future developments.
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Analyst Views on SGU
About SGU
Star Group, L.P. is a full-service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside its home heating oil and propane customer base. It also sells diesel, gasoline and home heating oil on a delivery only basis. It is a retail distributor of home heating oil operating in northern and eastern states within the Northeast and Mid-Atlantic U.S. regions, including its propane locations. The Company conducts its business through an operating subsidiary, Petro Holdings, Inc. It has heating oil and/or propane customers in the states: Connecticut, Delaware, Maryland, Massachusetts, Michigan, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia and the District of Columbia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Customer Retention: The company successfully maintained a net customer attrition rate of 0.6%, which not only indicates improved customer satisfaction but also lays a solid foundation for future revenue stability.
- Acquisition Activity: During the quarter, Star Group completed a small heating oil acquisition and is evaluating several other opportunities, indicating a proactive strategy to expand market share and enhance competitiveness.
- Cost Management Measures: In response to rising wholesale product costs, the company is implementing effective inventory controls and supply chain management to mitigate cost pressures, ensuring operational efficiency even in a challenging market environment.
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- Yield Performance: The forward yield of 6.3% not only attracts income-seeking investors but also reflects the company's financial health in the current market environment, enhancing its appeal.
- Payment Schedule: The dividend is payable on May 6, with a record date of April 27 and an ex-dividend date also set for April 27, ensuring shareholders receive timely returns and bolstering investor confidence.
- Future Outlook: With continued EBITDA growth amid colder temperatures, Star Group's dividend growth strategy may further attract investors and enhance its competitive position in the energy market.
See More
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- Record and Payment Dates: The record date for this distribution is set for April 27, 2026, with a payment date of May 6, 2026, ensuring that shareholders receive their returns promptly, thereby enhancing investor confidence and attracting potential investors.
- Market Position Consolidation: Star Group is recognized as the largest retail distributor of home heating oil in the U.S., and with its extensive customer base in the Northeast and Mid-Atlantic regions, it continues to increase its market share, strengthening its leadership position in the competitive energy market.
- Future Outlook: The company’s forward-looking statements indicate that despite facing multiple risks such as geopolitical issues, inflation, and regulatory challenges, it remains committed to achieving sustainable growth through strategic acquisitions and customer retention, demonstrating management's confidence in future developments.
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- Customer Attrition Management: Despite modest net customer attrition during the period, management emphasized improvements in operational efficiency and execution as key factors in enhancing bottom-line results, indicating ongoing efforts in customer service and cost control.
- Volume Increase: Home heating oil and propane volumes rose by 11.5 million gallons or 14% year-over-year in Q1, benefiting from additional volumes from acquisitions and colder temperatures, although net customer attrition and other factors did impact overall sales.
- Optimistic Future Outlook: Management remains optimistic about acquisition opportunities, anticipating new prospects as spring approaches, while continuing to focus on customer service and cost control to address challenges posed by persistent cold weather.
See More
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- Earnings Growth: Star Group reported adjusted EBITDA of $139 million for Q2 2026, reflecting a year-over-year increase of $10.5 million, demonstrating strong profitability despite challenges posed by extreme weather conditions.
- Customer Retention: The company successfully maintained a net customer attrition rate of 0.6%, which not only indicates improved customer satisfaction but also lays a solid foundation for future revenue stability.
- Acquisition Activity: During the quarter, Star Group completed a small heating oil acquisition and is evaluating several other opportunities, indicating a proactive strategy to expand market share and enhance competitiveness.
- Cost Management Measures: In response to rising wholesale product costs, the company is implementing effective inventory controls and supply chain management to mitigate cost pressures, ensuring operational efficiency even in a challenging market environment.
See More
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- Dividend Increase: Star Group has declared a quarterly dividend of $0.1975 per share, marking a 6.8% increase from the previous $0.1850, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Yield Performance: The forward yield of 6.3% not only attracts income-seeking investors but also reflects the company's financial health in the current market environment, enhancing its appeal.
- Payment Schedule: The dividend is payable on May 6, with a record date of April 27 and an ex-dividend date also set for April 27, ensuring shareholders receive timely returns and bolstering investor confidence.
- Future Outlook: With continued EBITDA growth amid colder temperatures, Star Group's dividend growth strategy may further attract investors and enhance its competitive position in the energy market.
See More
Star Group Raises Quarterly Distribution to $0.1975
- Quarterly Distribution Increase: Star Group has raised its quarterly distribution for the three months ended March 31, 2026, from $0.1850 to $0.1975 per common unit, reflecting an annual increase of $0.05, bringing the total annual distribution to $0.79, marking the 14th consecutive year of dividend growth, which underscores the company's strong financial performance and commitment to shareholders.
- Record and Payment Dates: The record date for this distribution is set for April 27, 2026, with a payment date of May 6, 2026, ensuring that shareholders receive their returns promptly, thereby enhancing investor confidence and attracting potential investors.
- Market Position Consolidation: Star Group is recognized as the largest retail distributor of home heating oil in the U.S., and with its extensive customer base in the Northeast and Mid-Atlantic regions, it continues to increase its market share, strengthening its leadership position in the competitive energy market.
- Future Outlook: The company’s forward-looking statements indicate that despite facing multiple risks such as geopolitical issues, inflation, and regulatory challenges, it remains committed to achieving sustainable growth through strategic acquisitions and customer retention, demonstrating management's confidence in future developments.
See More
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- NVIDIA Strong Performance: NVIDIA's stock has risen 44.2% over the past year, slightly below the semiconductor industry's 45.1% gain, benefiting from robust demand in AI and high-performance computing, particularly with its Hopper and Blackwell architecture GPUs driving data center revenue growth.
- Microsoft AI Business Growth: Microsoft shares have declined by 0.2%, yet its AI business momentum and Copilot adoption are propelling productivity and business processes revenue growth, although Azure's growth guidance is projected to decelerate to 37-38%, indicating market demand saturation.
- JPMorgan Ongoing Expansion: JPMorgan's stock has increased by 14.5%, outperforming the investment banking industry's 24.9% gain, with expectations for a nearly 9% increase in net interest income for 2026, despite challenges from declining asset quality and market volatility.
- Star Group Acquisition-Driven Growth: Star Group's shares have gained 6.9%, operating in a fragmented heating fuel market in the Northeast and Mid-Atlantic, leveraging acquisitions to enhance operational leverage, although risks from weather volatility and regulatory pressures persist.
See More
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- NVIDIA Strong Performance: NVIDIA's stock has risen 44.2% over the past year, slightly trailing the semiconductor industry's 45.1% growth, benefiting from robust demand for AI and high-performance computing, particularly with GPUs based on its Hopper and Blackwell architectures driving data center revenue growth.
- Microsoft AI Business Growth: Microsoft shares have dipped 0.2%, yet its AI business momentum and Copilot adoption are propelling Azure cloud infrastructure expansion, with strong Office 365 commercial demand, although Azure growth guidance has slowed to 37-38%, indicating potential demand saturation risks.
- JPMorgan Sustained Growth: JPMorgan's stock has increased by 14.5%, outperforming the investment banking industry's 24.9% growth, with expectations for nearly a 9% rise in net interest income for 2026, despite concerns over weak asset quality and market volatility potentially impacting non-interest income.
- Star Group Acquisition-Driven Growth: Star Group's shares have gained 6.9%, operating in a fragmented heating fuel market in the Northeast and Mid-Atlantic, leveraging acquisitions to enhance operational leverage, although facing risks from weather volatility and regulatory pressures.
See More
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- Significant Earnings Growth: Star Group achieved an increase of $16.5 million in adjusted EBITDA for Q1 2026, representing a 32% year-over-year growth, primarily driven by acquisitions, supply management, and temperatures that were 19% colder than last year, showcasing the company's strong performance in cold weather.
- Customer Attrition Management: Despite modest net customer attrition during the period, management emphasized improvements in operational efficiency and execution as key factors in enhancing bottom-line results, indicating ongoing efforts in customer service and cost control.
- Volume Increase: Home heating oil and propane volumes rose by 11.5 million gallons or 14% year-over-year in Q1, benefiting from additional volumes from acquisitions and colder temperatures, although net customer attrition and other factors did impact overall sales.
- Optimistic Future Outlook: Management remains optimistic about acquisition opportunities, anticipating new prospects as spring approaches, while continuing to focus on customer service and cost control to address challenges posed by persistent cold weather.
See More
