Star Group, L.P. Reports Earnings Results for the First Quarter Ended December 31, 2020
February 03, 2021 at 04:11 pm EST
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Star Group, L.P. Announced earnings results for the first quarter ended December 31, 2020. For the first quarter, the company announced total revenue was USD 373.320 million compared to USD 508.945 million a year ago. Operating income was USD 54.786 million compared to USD 42.451 million a year ago. Net income was USD 37.564 million compared to USD 27.563 million a year ago. Basic earnings per share from continuing operations was USD 0.74 compared to USD 0.49 a year ago.
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.
STAR GROUP, L.P. 
