Star Group, L.P. Declares Quarterly Distribution of 13.25 Cents per Unit
October 22 2020 - 11:57AM
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 September 30, 2020.
- Record date: November 2, 2020
- Payment date: November 10, 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 InformationThis
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
Associates203/328-7310 646/438-9385
or cwitty@darrowir.com
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