Star Group, L.P. Announces Quarterly Distribution, Payable on May 12, 2020
April 22, 2020 at 04:00 pm EDT
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Star Group, L.P. announced that it has increased its quarterly distribution for the three months ended March 31, 2020 to $0.1325 per common unit from $0.1250 per common unit. Record date is May 4, 2020, Payment date is May 12, 2020.
Star Group, L.P. is a full-service energy provider that specializes in the sale of home heating oil and propane, as well as air conditioning products and services to residential and commercial customers. The Company conducts its business through an operating subsidiary, Petro Holdings, Inc. The Company also sells diesel fuel, gasoline and home heating oil on a delivery only basis, and in certain of its marketing areas. The Company provides plumbing services primarily to home heating oil and propane customer base. The Companyâs installation and services include equipment installations, equipment maintenance service contracts and billable call services. The Company is a retail distributor of home heating oil operating in northern and eastern states within the Northeast, Central and Southeast of the United States regions, including its propane locations.