Star Group, L.P. Announces Quarterly Distribution Update for Investors

Star Group, L.P. Declares Quarterly Distribution of 18.50 Cents per Unit

Star Group, L.P. (NYSE: SGU), a prominent player in the home energy distribution sector, has recently announced its quarterly distribution of $0.1850 per common unit for the period ending June 30. This decision showcases the company's ongoing commitment to providing valuable returns to its shareholders.

Key Details of the Quarterly Distribution

The record date for this distribution is set for July 28, while the payment date is August 6. Such regularly scheduled distributions are a testament to Star Group's strong financial position and dedication to shareholder value.

Understanding Star Group, L.P.

Star Group, L.P. operates as a comprehensive provider of home heating solutions, dedicated to meeting the needs of both residential and commercial clients. Their services range from selling home heating products to servicing heating and air conditioning systems. This full-service approach not only caters to their core customers, primarily relying on home heating oil and propane, but also expands their offerings beyond this base.

In addition to being a leading retailer of home heating oil, Star has diversified its portfolio by providing diesel, gasoline, and home heating oil exclusively through delivery. Customers benefit from Star's extensive reach, particularly in northern and eastern regions of the United States, where they play a crucial role in ensuring homes and buildings are efficiently heated.

Market Position and Services

Star Group, L.P. is recognized as one of the largest retail distributors of home heating oil in the country, determined by sales volume. This significant market presence allows Star to adapt to varying customer needs while remaining competitive in a dynamic industry.

Comprehensive Solutions for Our Customers

Star's mission is to provide top-tier heating products and services. Their expertise extends to delivering heating oil and propane, supplemented by equipment sales. They emphasize customer service, catering to a diverse clientele, including those outside their traditional market of home heating oil.

Commitment to Quality and Reliability

The company prides itself on reliability and quality, both in services and products. This commitment is reflected in their extensive training and support for employees, ensuring customers receive exceptional service and expertise whenever they require assistance. Star recognizes that strong customer relationships are pivotal in maintaining their leadership position.

Continuous Vigilance on Industry Changes

While announcing their quarterly distribution, it's important to recognize the broader industry changes affecting this market. Star Group, L.P. remains vigilant about the fluctuating landscape of energy costs influenced by geopolitical variables and supply chain dynamics.

Forward-looking statements made by the company highlight their awareness of potential risks that could affect operations, from raw material cost volatility to evolving governmental regulations. Star's proactive strategies aim to navigate these challenges efficiently, thereby sustaining their growth trajectory and satisfying customer demands.

Contact Information for Investors

For more information, investors are encouraged to reach out to Star Group, L.P.:

Star Group, L. P.
Investor Relations: Chris Witty
Darrow Associates
Phone: 203/328-7310
Contact: 646/438-9385 or via email.

Frequently Asked Questions

1. What is the quarterly distribution amount announced by Star Group, L.P.?

The quarterly distribution announced is $0.1850 per common unit.

2. What is the record date for the announced distribution?

The record date is set for July 28.

3. How does Star Group serve its customers?

Star Group provides comprehensive home heating solutions, including products and maintenance services for heating systems.

4. What is the company’s standing in the home heating oil market?

Star Group, L.P. is recognized as a leading retail distributor of home heating oil based on sales volume.

5. How can investors get in touch with the company for more information?

Investors can contact Chris Witty at Star Group for investor relations inquiries via phone or email.

About The Author

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