Star Group, L.P. Reports Earnings Results for the Second Quarter Ended March 31, 2020
May 04, 2020 at 04:42 pm EDT
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Star Group, L.P. Announced earnings results for the second quarter ended March 31, 2020. For the second quarter, the company announced total revenue was USD 543.063 million compared to USD 699.582 million a year ago. Operating income was USD 86.117 million compared to USD 105.002 million a year ago. Net income was USD 57.999 million compared to USD 71.871 million a year ago. Basic earnings per share from continuing operations was USD 1.03 compared to USD 1.15 a year ago. For the half year, total revenue was USD 1,052.008 million compared to USD 1,234.609 million a year ago. Operating income was USD 128.568 million compared to USD 111.065 million a year ago. Net income was USD 85.562 million compared to USD 74.171 million a year ago. Basic earnings per share from continuing operations was USD 1.52 compared to USD 1.19 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. 
