Star Group, L.P. announced a quarterly distribution of $0.1975 per unit for Q2 2026.
Quiver AI Summary
Star Group, L.P. has announced a quarterly distribution of $0.1975 per common unit for the three months ending June 30, 2026, with a record date of July 27, 2026, and a payment date of August 5, 2026. The company, a leading home energy distributor specializing in heating products and services for residential and commercial clients, claims to be the largest U.S. retail distributor of home heating oil based on sales volume. In addition to heating oil, Star Group also provides propane, heating and air conditioning equipment, and various fuel products on a delivery-only basis, primarily serving northeastern and mid-Atlantic states. The press release also contains forward-looking statements that discuss various risks and uncertainties facing the company, including geopolitical factors, inflation, weather conditions, and regulatory changes. It emphasizes that actual results may differ from expectations outlined in the report.
Potential Positives
- Star Group, L.P. declared a quarterly distribution of $0.1975 per common unit, indicating ongoing financial stability and the ability to reward unit holders.
- The payment date for the distribution is set for August 5, 2026, which can enhance investor confidence and interest in the company's stock.
- The company positions itself as the nation's largest retail distributor of home heating oil based on sales volume, highlighting its market leadership and competitive advantage in the industry.
Potential Negatives
- Significant reliance on forward-looking statements may create uncertainty regarding the company's future performance, as actual results may differ materially due to various risks and uncertainties.
- The press release highlights numerous potential risks, including geopolitical events, inflation, customer retention challenges, and impacts from governmental regulations, which may project a concerning outlook to investors.
- The mention of labor shortages and challenges in attracting and retaining employees suggests potential operational difficulties that could impact service delivery and financial performance.
FAQ
What is the quarterly distribution amount declared by Star Group, L.P.?
The quarterly distribution declared by Star Group, L.P. is $0.1975 per common unit.
When is the record date for the quarterly distribution?
The record date for the quarterly distribution is July 27, 2026.
When will the payment for the distribution be made?
The payment for the distribution will be made on August 5, 2026.
What services does Star Group, L.P. provide?
Star Group, L.P. provides home heating products, services, and equipment to residential and commercial customers.
How can investors access Star Group's financial statements?
Investors can access Star Group's financial statements through the SEC website or by visiting Star's website.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SGU Revenue
$SGU had revenues of $766.7M in Q2 2026. This is an increase of 3.19% from the same period in the prior year.
You can track SGU financials on Quiver Quantitative's SGU stock page.
You can access data on SGU stock through the Quiver Quantitative API.
$SGU Hedge Fund Activity
We have seen 24 institutional investors add shares of $SGU stock to their portfolio, and 17 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CROSSINGBRIDGE ADVISORS, LLC added 109,777 shares (+inf%) to their portfolio in Q1 2026, for an estimated $1,348,061
- CITADEL ADVISORS LLC added 51,730 shares (+inf%) to their portfolio in Q1 2026, for an estimated $635,244
- ALPHACENTRIC ADVISORS LLC added 21,239 shares (+inf%) to their portfolio in Q1 2026, for an estimated $260,814
- BLACKROCK, INC. removed 18,268 shares (-82.4%) from their portfolio in Q1 2026, for an estimated $224,331
- MILLENNIUM MANAGEMENT LLC added 16,781 shares (+139.4%) to their portfolio in Q1 2026, for an estimated $206,070
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 16,544 shares (+14.7%) to their portfolio in Q1 2026, for an estimated $203,160
- BANK OF AMERICA CORP /DE/ removed 14,426 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $177,151
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
STAMFORD, Conn., July 16, 2026 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today declared its quarterly distribution of $0.1975 per common unit for the three months ended June 30, 2026.
- Record date: July 27, 2026
- Payment date: August 5, 2026
About Star Group, L.P.
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. 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 and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at
www.sec.gov
and by visiting Star's website at
www.stargrouplp.com
, where unit holders may request a hard copy of Star’s complete audited financial statements free of charge.
Forward Looking Information
This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the impact of geopolitical events on wholesale product cost volatility, the price and supply of the products that we sell, our ability to purchase sufficient quantities of product to meet our customer’s needs, rapid increases in levels of inflation, the consumption patterns of our customers, our ability to obtain satisfactory gross profit margins, the effect of weather conditions on our financial performance, our ability to obtain new customers and retain existing customers, our ability to make strategic acquisitions, the impact of litigation, natural gas conversions and electrification of heating systems, future global health pandemics, recessionary economic conditions, future union relations and the outcome of current and future union negotiations, the impact of current and future governmental regulations, including federal, state and municipal laws restricting greenhouse gases ("GHG") emissions and federal, state and local environmental, health, and safety regulations, the ability to attract and retain employees, customer credit worthiness, counterparty credit worthiness, marketing plans, cyber-attacks, global supply chain issues, labor shortages and new technology, including alternative methods for heating and cooling residences. All statements other than statements of historical facts included in this Report including, without limitation, the statements under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere herein, are forward-looking statements. Without limiting the foregoing, the words “believe,” “anticipate,” “plan,” “expect,” “seek,” “estimate,” and similar expressions are intended to identify forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2025. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release.
| CONTACT: | |
| Star Group, L. P. | Chris Witty |
| Investor Relations | Darrow Associates |
| 203/328-7310 | 646/438-9385 or [email protected] |