Star Group, L.P. (“Star” the “Company,” “we,” “us,” or “our”) is a home heating oil and propane distributor and services provider with one reportable operating segment that principally provides heating related services to residential and commercial customers. Our unitholders voted in favor of proposals to have the Company elect to be treated as a corporation, instead of a partnership, for federal income tax purposes (commonly referred to as a “check-the-box election”), along with amendments to our partnership agreement to effect such changes in income tax classification, in each case effective November 1, 2017. In addition, the Company changed its name, effective October 25, 2017, from “Star Gas Partners, L.P.” to “Star Group, L.P.” to more closely align our name with the scope of our product and service offerings. Unitholders will receive a Form 1099-DIV and will not receive a Schedule K-1 as in tax years prior to December 31, 2017.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Petroleum Products | — | — | $1.65B | $1.45B | $1.44B | 28% |
Petroleum products | $1.20B | $1.70B | $1.65B | $1.45B | $1.44B | 28% |
Home heating oil and propane | $882M | $1.17B | $1.20B | $1.08B | $1.12B | 22% |
Installations and services | $293M | $308M | $302M | $317M | $347M | 7% |
Motor fuel and other petroleum products | $323M | $528M | $449M | $367M | $318M | 6% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.8B | 1.8B | 2.0B | 2.0B | 1.5B |
| Net Income | 76M | 73M | 35M | 32M | 35M | 88M |
| EPS | $2.21 | $2.23 | $1.07 | $0.90 | $0.99 | $2.27 |
| Free Cash Flow | 65M | 56M | 100M | 115M | 15M | 54M |
| ROIC | 17.8% | 24.7% | 15.8% | - | - | - |
| Gross Margin | 49.2% | 31.5% | 28.4% | 24.1% | 24.1% | 31.9% |
| Debt/Equity | 0.79 | 0.63 | 0.79 | - | - | - |
| Dividends/Share | $0.80 | $0.79 | $0.76 | $0.67 | $0.65 | $0.61 |
| Operating Income | 119M | 114M | 61M | 63M | 60M | 130M |
| Operating Margin | 6.5% | 6.4% | 3.5% | 3.2% | 3.0% | 8.7% |
| ROE | 23.7% | 26.2% | 13.3% | - | - | - |
| Shares Outstanding | 33M | 33M | 33M | 36M | 36M | 39M |
STAR GROUP, L.P. passes 5 of 9 quality checks, suggesting mixed fundamentals.
STAR GROUP, L.P. trades at 5.7x trailing earnings, compared to its 15-year median P/E of 7.0x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 6.3x vs a median of 4.6x. The company's 5-year average ROIC is 20.2% with a gross margin of 28.0%. Total shareholder yield (dividends + buybacks) is 11.3%. At current prices, the estimated annualized return to fair value is +6.8%.
STAR GROUP, L.P. (SGU) has a current P/E ratio of 5.7, compared to its historical median P/E of 7.0. The stock is currently considered Fair based on its historical valuation range.
STAR GROUP, L.P. (SGU) has a 5-year average return on invested capital (ROIC) of 20.2%. This indicates strong capital allocation and a potential competitive advantage.
STAR GROUP, L.P. (SGU) has a market capitalization of $411M. It is classified as a small-cap stock.
Yes, STAR GROUP, L.P. (SGU) pays a dividend with a trailing twelve-month yield of 6.40%. The company also returns capital through share buybacks, with a buyback yield of 4.85%.
Based on historical P/E analysis, STAR GROUP, L.P. (SGU) appears fair. The current P/E of 5.7 is 20% below its historical median of 7.0. The estimated fair value CAGR (P/E method) is 2.1%.
STAR GROUP, L.P. (SGU) operates in the Retail-Retail Stores, Nec industry, within the Consumer Cyclical sector.
STAR GROUP, L.P. (SGU) reported annual revenue of $1.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
STAR GROUP, L.P. (SGU) has a net profit margin of 4.1%. This is a modest margin.
STAR GROUP, L.P. (SGU) generated $56 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
STAR GROUP, L.P. (SGU) has a debt-to-equity ratio of 0.63. This indicates moderate leverage.
STAR GROUP, L.P. (SGU) reported earnings per share (EPS) of $2.23 in its most recent fiscal year.
STAR GROUP, L.P. (SGU) has a return on equity (ROE) of 26.2%. This indicates the company generates strong returns for shareholders.
STAR GROUP, L.P. (SGU) has a 5-year average gross margin of 28.0%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for STAR GROUP, L.P. (SGU), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
STAR GROUP, L.P. (SGU) has a book value per share of $9.00, based on its most recent annual SEC filing.