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 of its home heating oil and propane customer base. In certain of Star's marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast, Central and Southeast U.S. regions.

Company profile
Ticker
SGU
Exchange
Website
CEO
Jeffrey M. Woosnam
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
STAR GAS PARTNERS LP, STAR GROUP LP
SEC CIK
Corporate docs
Subsidiaries
Champion Energy • Griffith Energy • Hoffman Fuel Company • Meenan Holdings • Meenan Oil Co. • Milro Group • Petro Holdings • Petroleum Heat and Power Co. • Region Oil Plumbing, Heating and Cooling Co. • Woodbury Insurance Co. ...
IRS number
61437793
SGU stock data
Press releases
Star Group, L.P. Reports Fiscal 2022 Third Quarter Results
3 Aug 22
Star Group, L.P. to Host Fiscal 2022 Third Quarter Webcast and Conference Call August 4, 2022
28 Jul 22
Star Group, L.P. Declares Quarterly Distribution of 15.25 Cents per Unit
14 Jul 22
Star Group, L.P. Announces New Credit Facility
7 Jul 22
Calendar
3 Aug 22
12 Aug 22
30 Sep 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Sep 21 | Sep 20 | Sep 19 | Sep 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.96M | 8.96M | 8.96M | 8.96M | 8.96M | 8.96M |
Cash burn (monthly) | 2.91M | (no burn) | 4.78M | (no burn) | (no burn) | 1.83M |
Cash used (since last report) | 4.23M | n/a | 6.96M | n/a | n/a | 2.67M |
Cash remaining | 4.73M | n/a | 2M | n/a | n/a | 6.29M |
Runway (months of cash) | 1.6 | n/a | 0.4 | n/a | n/a | 3.4 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 May 22 | Ambury Richard | Common Units | Buy | Acquire P | No | No | 9.24 | 5,000 | 46.2K | 43,390 |
23 May 22 | Woosnam Jeffrey M | Common Units | Buy | Acquire P | No | No | 9.22 | 5,000 | 46.1K | 15,000 |
30 Dec 21 | Bryan H Lawrence | Common Units | Sale back to company | Dispose D | Yes | No | 10.55 | 413,223 | 4.36M | 427,734 |
3 Nov 21 | Vermylen Paul A Jr | Common Units | Other | Acquire J | Yes | No | 0 | 8,239 | 0 | 852,619 |
3 Nov 21 | Vermylen Paul A Jr | Common Units | Other | Acquire J | Yes | No | 0 | 8,239 | 0 | 218,520 |
3 Nov 21 | Vermylen Paul A Jr | Common Units | Other | Acquire J | No | No | 0 | 24,844 | 0 | 274,844 |
Institutional ownership, Q1 2022
3.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 18 |
Opened positions | 3 |
Closed positions | 3 |
Increased positions | 4 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 14.37M |
Total shares | 1.33M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
CET Central Securities | 550K | $6.11M |
Kestrel Energy Partners | 500K | $5.2M |
Ubs Global Asset Management Americas | 57.96K | $643.37K |
State of Tennessee, Treasury Department | 48.21K | $535K |
California State Teachers Retirement System | 31.84K | $353K |
Monograph Wealth Advisors | 30.11K | $334K |
GS Goldman Sachs | 28.46K | $316K |
Parametric Portfolio Associates | 19.61K | $218K |
NTRS Northern Trust | 17.1K | $190K |
AMP Ameriprise Financial | 14K | $155K |
Financial report summary
?Risks
- The COVID-19 pandemic has caused disruptions to our operations and has impacted our business and may continue to impact our business and operations in numerous ways that remain unpredictable.
- Mandatory COVID-19 vaccination of employees could impact our workforce and have a material adverse effect on our business and results of operations.
- Our operating results will be adversely affected if we continue to experience significant net customer attrition in our home heating oil and propane customer base.
- Because of the highly competitive nature of our business, we may not be able to retain existing customers or acquire new customers, which would have an adverse impact on our business, operating results and financial condition.
- Our operating results will be adversely affected if we experience significant net customer attrition from natural gas conversions.
- If we do not make acquisitions on economically acceptable terms, our future growth will be limited.
- Since weather conditions may adversely affect the demand for home heating oil and propane, our business, operating results and financial condition are vulnerable to warm winters.
- Our operating results are subject to seasonal fluctuations.
- High product prices can lead to customer conservation and attrition, resulting in reduced demand for our products.
- Increases in wholesale product costs may have adverse effects on our business, financial condition, results of operations, or liquidity.
- Our hedging strategy may adversely affect our liquidity.
- Sudden and sharp oil price increases that cannot be passed on to customers may adversely affect our operating results.
- Significant declines in the wholesale price of home heating oil may cause price-protected customers to renegotiate or terminate their arrangements which may adversely impact our gross profit and operating results.
- A significant portion of our home heating oil volume is sold to price-protected customers (ceiling and fixed) and our gross margins could be adversely affected if we are not able to effectively hedge against fluctuations in the volume and cost of product sold to these customers.
- Our risk management policies cannot eliminate all commodity risk, basis risk, or the impact of adverse market conditions which can adversely affect our financial condition, results of operations and cash available for distribution to our unitholders. In addition, any noncompliance with our risk management policies could result in significant financial losses.
- Our obligation to fund multi-employer pension plans to which we contribute may have an adverse impact on us.
- We rely on the continued solvency of our derivatives, insurance and weather hedge counterparties.
- We are subject to operating and litigation risks that could adversely affect our operating results whether or not covered by insurance.
- Our captive insurance company may not bring the benefits we expect.
- Our results of operations and financial condition may be adversely affected by governmental regulation and associated environmental and regulatory costs.
- Our operations would be adversely affected if service at our third-party terminals or on the common carrier pipelines used is interrupted.
- We depend on the use of information technology systems that have been and may in the future be a target of cyber-attacks.
- Conflicts of interest have arisen and could arise in the future.
- Our inability to identify qualified individuals for our workforce could slow our growth and adversely impact our ability to operate our business
- A substantial portion of our workforce is unionized, and we may face labor actions that could disrupt our operations or lead to higher labor costs and adversely affect our business.
- Cash distributions (if any) are not guaranteed and may fluctuate with performance and reserve requirements.
- If we fail to maintain an effective system of internal controls, then we may not be able to accurately report our financial results or prevent fraud. As a result, current and potential unitholders could lose confidence in our financial reporting, which would harm our business and the trading price of our common units.
- Our substantial debt and other financial obligations could impair our financial condition and our ability to obtain additional financing and have a material adverse effect on us if we fail to meet our financial and other obligations.
- We are not required to accumulate cash for the purpose of meeting our future obligations to our lenders, which may limit the cash available to service the final payment due on the term loan outstanding under our Credit Agreement.
- Under our Credit Agreement, the occurrence of a “change of control” is considered a default. We may be unable to repay borrowings under our Credit Agreement if the indebtedness outstanding thereunder is accelerated following a change of control.
- Disruptions in our supply chain and other factors affecting the delivery of our products and services could adversely impact our business.
- Continuing inflation may hurt our sales margins and profitability.
- Energy efficiency and new technology may reduce the demand for our products and adversely affect our operating results.
- Economic conditions could adversely affect our results of operations and financial condition.
- The risk of global terrorism and political unrest may adversely affect the economy and the price and availability of the products that we sell and have a material adverse effect on our business, financial condition and results of operations.
Content analysis
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Readability |
H.S. senior Avg
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New words:
coupled, enabled, referenced, SOFR
Removed:
colder, covenant, eleven, rebounded
Financial reports
Current reports
8-K
Star Group, L.P. Reports Fiscal 2022 Third Quarter Results
3 Aug 22
8-K
Star Group, L.P. Declares Quarterly Distribution of 15.25 Cents per Unit
14 Jul 22
8-K
Star Group, L.P. Announces New Credit Facility
7 Jul 22
8-K
Star Group, L.P. Reports Fiscal 2022 Second Quarter Results
4 May 22
8-K
Star Group, L.P. Increases Quarterly Distribution to 15.25 Cents per Unit
14 Apr 22
8-K
Star Group, L.P. Reports Fiscal 2022 First Quarter Results
2 Feb 22
8-K
Star Group, L.P. Declares Quarterly Distribution of 14.25 Cents per Unit
13 Jan 22
8-K
Entry into a Material Definitive Agreement
30 Dec 21
8-K
Star Group, L.P. Reports Fiscal 2021 Fourth Quarter Results
8 Dec 21
8-K
Star Group, L.P. Declares Quarterly Distribution of 14.25 Cents per Unit
21 Oct 21
Registration and prospectus
S-3
Shelf registration
29 Jun 11
424B3
Prospectus supplement
11 Jan 11
S-4/A
Registration of securities issued in business combination transactions (amended)
5 Jan 11
S-4
Registration of securities issued in business combination transactions
28 Dec 10
8-A12B/A
Registration of securities on exchange (amended)
20 May 09
8-A12B/A
Registration of securities on exchange (amended)
7 Jun 07
8-A12B/A
Registration of securities on exchange (amended)
20 Jul 06
25-NSE
Exchange delisting
14 May 06
424B5
Prospectus supplement for primary offering
6 Apr 06
S-3/A
Shelf registration (amended)
2 Apr 06
Proxies
DEF 14A
Definitive proxy
14 Sep 17
DEFA14A
Additional proxy soliciting materials
14 Sep 17
DEFA14A
Additional proxy soliciting materials
14 Aug 17
PRE 14A
Preliminary proxy
14 Aug 17
DEFA14A
Additional proxy soliciting materials
30 Mar 06
DEFA14A
Additional proxy soliciting materials
30 Mar 06
DEFA14A
Additional proxy soliciting materials
29 Mar 06
DEFA14A
Additional proxy soliciting materials
26 Mar 06
DEFA14A
Additional proxy soliciting materials
23 Mar 06
DEFA14A
Additional proxy soliciting materials
22 Mar 06
Other
UPLOAD
Letter from SEC
10 Oct 11
CORRESP
Correspondence with SEC
3 Oct 11
UPLOAD
Letter from SEC
27 Sep 11
EFFECT
Notice of effectiveness
12 Jul 11
EFFECT
Notice of effectiveness
11 Jan 11
UPLOAD
Letter from SEC
17 Jun 09
UPLOAD
Letter from SEC
17 Jun 09
UPLOAD
Letter from SEC
17 Jun 09
CORRESP
Correspondence with SEC
25 May 09
CORRESP
Correspondence with SEC
16 Apr 09
Ownership
3
STAR / Jefferson Gramm ownership change
4 Aug 22
4
STAR / RICHARD AMBURY ownership change
24 May 22
4
STAR / Jeffrey M Woosnam ownership change
24 May 22
SC 13G/A
STAR / Bandera Partners ownership change
14 Feb 22
SC 13G
STAR / Lessing Stephen M ownership change
4 Feb 22
4
STAR / BRYAN H LAWRENCE ownership change
30 Dec 21
4
STAR / BRYAN H LAWRENCE ownership change
3 Nov 21
4
STAR / Paul A Vermylen Jr ownership change
3 Nov 21
SC 13G/A
STAR / Bandera Partners ownership change
12 Feb 21
SC 13G/A
STAR / FMR ownership change
8 Feb 21
Transcripts
2022 Q3
Earnings call transcript
8 Aug 22
2022 Q2
Earnings call transcript
8 May 22
2022 Q1
Earnings call transcript
3 Feb 22
2021 Q4
Earnings call transcript
9 Dec 21
2021 Q3
Earnings call transcript
8 Aug 21
2021 Q2
Earnings call transcript
9 May 21
2021 Q1
Earnings call transcript
4 Feb 21
2020 Q4
Earnings call transcript
8 Dec 20
2020 Q2
Earnings call transcript
10 May 20
2020 Q1
Earnings call transcript
4 Feb 20
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
Daily Discussion Thread - July 22nd, 2022
22 Jul 22
Daily Discussion Thread - July 21st, 2022
21 Jul 22
Daily Discussion Thread - July 20th, 2022
20 Jul 22
Daily Discussion Thread - July 19th, 2022
19 Jul 22
Utility Dividend Payers
11 Jul 22
Current Portfolio. Brings in about $366/yr. Pretty new to investing, and advice would be really helpful.
28 Jun 22
What are some "boring" US stocks that consistently deliver strong results and have a strong balance sheet?
19 Jun 22