Star Group, L.P. (SGU) Reports Q4 Loss of $0.68 on Revenues of $183.3M

Star Group, L.P. (NYSE: SGU) reported Q4 EPS of ($0.68), versus ($0.69) reported last year. Revenue for the quarter came in at $183.3 million, versus $235.9 million reported last year.

• For the fiscal 2020 fourth quarter, Star reported a 22.3 percent decrease in total revenue to $183.3 million compared with $235.9 million in the prior-year period, reflecting a decline in selling prices in response to lower wholesale product costs and a decrease in total volume sold.

“I’m pleased to announce that, in the face of many economic uncertainties this year, Star Group finished fiscal 2020 with solid performance, well positioned for the future,” said Jeff Woosnam, Star Group’s President and Chief Executive Officer. “For the full year, Adjusted EBITDA rose 37 percent, to $130.3 million, reflecting $46.4 million of lower operating expenses in the base business, higher heating oil and propane margins, and increased service profitability. These results – in the middle of an ongoing pandemic – clearly demonstrate the value of our services and excellent, dedicated staff. I appreciate everything that’s gone into Star’s performance these past four quarters, which includes a significant reduction in net customer attrition from the prior year’s higher levels. With everything we’ve done to improve service and streamline the business, I feel confident the Company is prepared and can react appropriately to any new challenges as we begin fiscal 2021.”

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

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