Star Group, L.P. (SGU) Reports Q3 Revenues of $232.16M

Star Group, L.P. (NYSE: SGU) reported Q3 EPS of $0.00, versus ($0.46) reported last year. Revenue for the quarter came in at $232.16 million, versus $283.38 million reported last year.

“Star’s fiscal third quarter was one of solid performance, most notably the significant increase posted year-over-year in the Company’s Adjusted EBITDA,” said Jeff Woosnam, Star Group’s President and Chief Executive Officer. “While lower product costs reduced overall revenue, our heating oil and propane volume rose nearly 40 percent, margins were stable, operating expenses declined by over $10 million in the base business and our net customer attrition was lower than last year. I’m very proud of our results during this challenging time, which say as much about the dedication of Star’s high caliber team of employees as it does the enduring demand for the products and services we provide.”

For earnings history and earnings-related data on Star Group, L.P. (SGU) click here.

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