Star Group, L.P. is a propane and energy distribution company with a market value exceeding $300 million, traded on the NYSE under the ticker SGU.

# Company Summary: Star Group, L.P.

**Overview:**
- Star Group, L.P. is a limited partnership organized under the laws of Delaware.
- The company operates in the energy sector, specifically related to propane and natural gas distribution.

**Operations & Offerings:**
- The company provides propane and related services, likely including distribution, marketing, and potentially storage.
- It has a focus on serving various customer segments, although specific customer numbers are not provided in the excerpt.

**Financial Details:**
- As of March 31, 2024, the market value of the common units held by non-affiliates was approximately **$313.35 million**.
- As of November 30, 2024, the company had **34,577,855 common units outstanding**.
- No specific revenue, net income, or number of employees is provided in the given document excerpt.

**Corporate Structure & Securities:**
- The company's common units are traded on the New York Stock Exchange under the symbol **SGU**.
- The company's securities also include common unit purchase rights.

**Regulatory & Filing Information:**
- The filing is an amended annual report (Form 10-K/A) for the fiscal year ending September 30, 2024.
- The company is classified as a non-accelerated filer and is not a shell company.
- It has submitted all required reports and filings during the past year.

**Additional Notes:**
- The company certifies internal control effectiveness under SOX and has filings related to executive and financial officer certifications.
- The amendments primarily involve the incorporation of previously omitted exhibits; no updates to financial statements or other disclosures have been made in this amendment beyond that.

**Summary:**
Star Group, L.P. is a propane and energy distribution company with a market value exceeding $300 million, traded on the NYSE under the ticker SGU. It maintains a sizable outstanding share count and complies with all SEC filings and certifications. Specific operational metrics like customer count, employee numbers, revenue, or profitability are not provided in the excerpt.

Star Group, L.P. is a leading distributor of home heating oil and propane, serving residential and commercial customers primarily in the Northeast and Mid-Atlantic regions of the United States.

# Company Overview of Star Group, L.P.

## Business Operations

Star Group, L.P. (“Star” or the “Company”) is a leading distributor of home heating oil and propane, primarily serving residential and commercial customers across the Northeast and Mid-Atlantic regions of the United States. The Company is organized into one reportable operating segment which focuses on heating-related services.

### Key Services and Offerings

- **Heating Fuels**: 
  - Distribution of home heating oil and propane.
  - Approximately **404,600** full-service customers and **61,700** delivery-only customers.
  - Claims to be the largest retail distributor of home heating oil in the United States with over **5.5%** market share.

- **Other Products**:
  - Sales of gasoline and diesel fuel to about **26,800** customers.
  
- **Additional Services**:
  - Installation, maintenance, and repair of heating and air conditioning equipment and natural gas systems.
  - Services provided are operational **24/7**.
  
### Customer Base Details

- **Full Service Heating Oil Customers**: About **96%** of these are residential.
- **Service Contracts**: Maintains around **20,800** service contracts for natural gas and other heating systems.
- **Customer Attrition**: The Company reports a customer attrition rate, with a **net attrition** of approximately **(4.2%)** as of fiscal year 2024.

### Financial Performance

- **Revenue Composition**:
  - Approximately **61%** from home heating oil and propane.
  - **21%** from other petroleum products (predominantly diesel and gasoline).
  - **18%** from installation and repair of heating and air conditioning equipment.

- **Sales Volume**:
  - Sold about **253.4 million gallons** of home heating oil and propane.
  - Sold **129.1 million gallons** of motor fuel and other petroleum products during fiscal 2024.

### Workforce

- **Employees**: As of September 30, 2024, the Company had a total of **3,039 employees** distributed across various roles:
  - **909** Office, Clerical, and Customer Service Personnel
  - **834** Equipment Technicians
  - **474** Fuel Delivery Drivers and Mechanics
  - **540** Management Personnel
  - **282** Sales Staff
  - Seasonal workforce may increase to manage demand during peak heating seasons.

### Financial Overview

- **Debt and Borrowing**: The Company has a **$210 million** term loan and a revolving credit facility due in September 2029. The borrowings generally spike during the fiscal heating season.
- **Operational Seasons**: The business is highly seasonal, with about **80%** of annual volume sold during the **peak heating season** of October through March.

### Compliance and Regulations

- The Company operates under various environmental, safety, and industry-specific regulations, and invests in risk management, including cybersecurity, to protect sensitive information.

Star Group, L.P. thus focuses on the heating oil and propane distribution market while aiming to deliver superior customer service, grow its customer base, and manage environmental sustainability through various initiatives and compliance strategies.

STAR GROUP, L.P.

10-K / May 19, 2025

10-K / December 4, 2024

10-K / May 19, 2025

Company Summary: Star Group, L.P.