Star Group, L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 02, 2023 at 04:11 pm EDT
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Star Group, L.P. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported revenue was USD 300.12 million compared to USD 439.1 million a year ago. Net loss was USD 23.69 million compared to USD 10.49 million a year ago. Basic loss per share from continuing operations was USD 0.67 compared to USD 0.29 a year ago.
For the nine months, revenue was USD 1,685.93 million compared to USD 1,709.91 million a year ago. Net income was USD 51.21 million compared to USD 84.56 million a year ago. Basic earnings per share from continuing operations was USD 1.23 compared to USD 1.88 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. 
