Star Group, L.P. Declares Quarterly Distribution of 13.25 Cents per Unit
July 16 2020 - 11:32AM
Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home
energy distributor and services provider, today declared its
quarterly distribution of $0.1325 per common unit for the three
months ended June 30, 2020.
- Record date: July 27, 2020
- Payment date: August 4, 2020
About Star Group, L.P.Star
Group, L.P. is a full service energy provider specializing in the
sale of home heating oil and propane to residential and commercial
customers primarily within the Northeast, Central and Southeast
United States. The Company also sells gasoline and diesel fuel as
well as installs, maintains, and repairs various heating and air
conditioning equipment; to a lesser extent, it provides these
ancillary services outside its product customer base, including
service contracts for natural gas and other heating systems. Star
is the nation's largest retail distributor of home heating oil
based upon sales volume. Additional information is available by
obtaining the Company's SEC filings at www.sec.gov and by visiting
Star's website at www.stargrouplp.com, where unit holders may
request a hard copy of Star’s complete audited financial statements
free of charge.
Forward Looking Information
This news release includes "forward-looking
statements" which represent the Company’s expectations or beliefs
concerning future events that involve risks and uncertainties,
including those associated with the severity and duration of the
novel coronavirus, or COVID-19, pandemic, the pandemic’s impact on
the U.S. and global economies, the timing, scope and effectiveness
of federal, state and local governmental responses to the pandemic,
the effect of weather conditions on our financial performance, the
price and supply of the products that we sell, the consumption
patterns of our customers, our ability to obtain satisfactory gross
profit margins, our ability to obtain new customers and retain
existing customers, our ability to make strategic acquisitions, the
impact of litigation, our ability to contract for our current and
future supply needs, natural gas conversions, future union
relations and the outcome of current and future union negotiations,
the impact of current and future governmental regulations,
including climate change, environmental, health, and safety
regulations, the ability to attract and retain employees, customer
credit worthiness, counterparty credit worthiness, marketing plans,
potential cyber-attacks, general economic conditions and new
technology. All statements other than statements of historical
facts included in this news release are forward-looking statements.
Without limiting the foregoing, the words "believe," "anticipate,"
"plan," "expect," "seek," "estimate" and similar expressions are
intended to identify forward-looking statements. Although the
Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to be correct and actual results
may differ materially from those projected as a result of certain
risks and uncertainties. These risks and uncertainties include, but
are not limited to, those set forth under the heading "Risk
Factors" and "Business Strategy" in our Annual Report on Form 10-K
(the "Form 10-K") for the fiscal year ended September 30, 2019.
Important factors that could cause actual results to differ
materially from the Company’s expectations ("Cautionary
Statements") are disclosed in this news release and in the Form
10-K. All subsequent written and oral forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by the Cautionary Statements.
Unless otherwise required by law, the Company undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise
after the date of this news release.
CONTACT: |
|
Star Group |
Chris Witty |
Investor Relations |
Darrow Associates |
203/328-7310 |
646/438-9385 or cwitty@darrowir.com |
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