Star Group, L.P. (SGU) Reports Q2 EPS of $1.71

Star Group, L.P. (NYSE: SGU) reported Q2 EPS of $1.71, versus $1.03 reported last year. Revenue for the quarter came in at $604.12 million, versus $543.06 million reported last year.

“Although temperatures in the second quarter were 8.6% warmer than normal, they were 16.2% colder than the same period last year, driving overall improved performance while the pandemic ran its course,” said Jeff Woosnam, Star Group’s President and Chief Executive Officer. “The volume of home heating oil and propane rose, as did net income and Adjusted EBITDA, and we continued to focus on customer service and operating fundamentals. In addition, during the quarter, Star purchased two small oil dealers and, in April, purchased another, adding approximately six million gallons, in aggregate, of annual volume. With these acquisitions we have now closed five transactions since the beginning of the fiscal year, equating to some 13 million gallons of product annually.”

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

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