SGU News & Events

Star Group increased its quarterly distribution for the three months ended March 31 to 18.5c per common unit from 17.25c per common unit, representing an increase of 5c annually, to 74c. This marks the 13th year of continuous annual increases in the Company's dividend. Record date: April 28, 2025; Payment date: May 7, 2025.

Star Group announced it has completed the acquisition related to a definitive purchase agreement previously announced in December, 2024. The transaction involved a home energy distributor located within the Company's existing operating footprint; it was purchased for approximately $68M before working capital adjustments. Additional terms were not disclosed. "I am pleased to announce the completion of this important acquisition, bringing another well-established home energy distributor under the Star umbrella," said Jeff Woosnam, Star Group's President and Chief Executive Officer. "As previously mentioned, the operations are expected to further strengthen our competitive position across the Company's footprint, and we welcome its customers and employees to the Star Group family."

Star Group has entered into a definitive agreement to purchase a home energy distributor, located within the Company's existing operating footprint, for approximately $68M before working capital adjustments. Star anticipates closing on the transaction within the next 45 days, subject to compliance with governmental reporting requirements. Additional terms were not disclosed.

Reports Q4 revenue $240.33M vs. $266.94M last year. "As we move into the heating season and begin a new fiscal year, it's a great time to reflect on the past twelve months' performance," said Jeff Woosnam, Star Group's president and CEO. "Temperatures in fiscal 2024 were roughly flat year-over-year, and total revenue fell modestly due to slightly lower volumes and selling prices. However, full year Adjusted EBITDA rose by $14.7 million, reflecting an increase in home heating oil and propane per-gallon margins and higher service and installation profitability. We continue to focus on cost containment and the pursuit of attractive acquisitions. At the same time, we remain vigilant in working to address net customer attrition which, at 4.2% in fiscal 2024, was up slightly year-over-year. As we enter the heating season, we believe the Company is well prepared to respond to anything Mother Nature throws our way, while providing our customers with superior customer service."