Star Group, L.P. Reports Earnings Results for the Fourth Quarter Ended September 30, 2020
December 07, 2020 at 04:15 pm EST
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Star Group, L.P. Announced earnings results for the fourth quarter ended September 30, 2020. For the fourth quarter, the company announced total revenue was USD 183.295 million compared to USD 235.887 million a year ago. Operating loss was USD 36.098 million compared to USD 43.782 million a year ago. Net loss was USD 29.976 million compared to USD 33.681 million a year ago. Basic loss per share from continuing operations was USD 0.68 compared to USD 0.69 a year ago. For the full year, total revenue was USD 1,467.458 million compared to USD 1,753.872 million a year ago. Operating income was USD 92.968 million compared to USD 37.350 million a year ago. Net income was USD 55.541 million compared to USD 17.542 million 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. 
