Last $5.85 USD
Change Today 0.00 / 0.00%
Volume 14.0K
SGU On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

star gas partners l.p. (SGU) Snapshot

Open
$5.88
Previous Close
$5.85
Day High
$5.88
Day Low
$5.81
52 Week High
05/12/14 - $7.24
52 Week Low
09/11/13 - $4.70
Market Cap
336.2M
Average Volume 10 Days
105.5K
EPS TTM
$0.83
Shares Outstanding
57.5M
EX-Date
07/29/14
P/E TM
7.0x
Dividend
$0.35
Dividend Yield
5.81%
Current Stock Chart for STAR GAS PARTNERS L.P. (SGU)

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star gas partners l.p. (SGU) Details

Star Gas Partners, L.P., through its subsidiary, Petro Holdings, Inc., operates as a home heating oil and propane distributor and services provider to residential and commercial customers in the United States. It also installs, maintains, and repairs heating and air conditioning equipment, as well as offers ancillary home services, including home security and plumbing. In addition, the company sells home heating oil, gasoline, and diesel fuel on a delivery only basis. Kestrel Heat, LLC operates as a general partner of the company. Star Gas Partners, L.P. was founded in 1995 and is headquartered in Stamford, Connecticut.

2,577 Employees
Last Reported Date: 08/1/14
Founded in 1995

star gas partners l.p. (SGU) Top Compensated Officers

Chief Executive Officer of Kestrel Heat LLC, ...
Total Annual Compensation: $324.2K
Chief Financial Officer of Kestrel Heat Llc, ...
Total Annual Compensation: $334.4K
Principal Accounting Officer of Kestrel Heat ...
Total Annual Compensation: $219.3K
Consultant of Kestrel Heat LLC and Director o...
Total Annual Compensation: $416.0K
Compensation as of Fiscal Year 2013.

star gas partners l.p. (SGU) Key Developments

Star Gas Partners, L.P. Reports Unaudited Consolidated Earnings Results for the Third Quarter and the Nine-Month Period Ended June 30, 2014

Star Gas Partners, L.P. reported unaudited consolidated earnings results for the third quarter and the nine months ended June 30, 2014. For the quarter, the company reported a 24.4% increase in total revenue to $326.5 million, compared with $262.5 million in the prior-year period. The higher revenue was primarily due to an increase in home heating oil and propane volume, which rose by 4.4 million gallons, or 10.4%, to 47.1 million gallons. Adjusted LBITDA increased by $6.6 million, to $8.3 million against $1.763 million a year ago, as higher home heating oil and propane volumes were more than offset by an increase in bad debt expense of $2.5 million, which was tied to the higher level of sales in fiscal 2014 versus fiscal 2013 and the typical payment patterns of customers subsequent to the heating season; $2.3 million of prior period adjustments of which $1.7 million was to correct understatements of certain sales and petroleum taxes and related penalties that, while previously contested, all pertained to years prior to fiscal 2014 and should have been recorded in prior periods; and a return to more normal non-heating season home heating oil and propane margins (a $1.3 million impact) versus the high margins realized during the three months ended June 30, 2013. In addition, the Griffith acquisition recorded an Adjusted LBITDA $0.8 million, in line with management's expectations. Net loss increased by $2.0 million to $9.6 million against $7.588 million a year ago. Operating loss was $10.797 million against $8.001 million a year ago. Loss before income taxes was $16.618 million against $11.952 million a year ago. The company's interest in net loss was $9.538 million or $0.17 per basic and diluted share against $7.547 million or $0.13 per basic and diluted share a year ago. LBITDA was $5.037 million against $3.673 million a year ago. Net cash provided by operating activities was $126.953 million against $109.739 million a year ago. For the nine months, the company reported an 11.2 % increase in total revenue to $1.7 billion, versus $1.6 billion in the prior-year period. The higher revenue was primarily due to an increase in home heating oil and propane volume, which rose by 34.5 million gallons, or 11.4%, to 338.7 million gallons, as the impact of colder temperatures and the additional volume provided by acquisitions more than offset the impact of net customer attrition, conservation and other factors. Net income increased by $18.1 million to $61.9 million due to the impact of colder weather on operating results, higher home heating oil and propane margins, and a favorable non-cash change in the fair value of derivative instruments of $4.7 million. Adjusted EBITDA rose by $25.2 million, or 23.9%, to $130.4 million against $105.240 million a year ago, due to the increase in home heating oil and propane volume and higher home heating oil and propane per gallon margins. These factors more than offset the higher operating and service costs largely attributable to the colder temperatures and numerous snow storms during the nine months ended June 30, 2014; an increase in the reserve for doubtful accounts driven largely by the severe winter weather in fiscal 2014; and the comparison to the prior-year period's favorable impact from storm ‘Sandy’ on motor fuel sales and service and installation revenue. Adjusted EBITDA for the nine months ended June 30, 2014 was also reduced by $3.4 million, compared to the nine months ended June 30, 2013, due to $2.0 million of prior period adjustments of which $1.7 million was to correct understatements of certain sales and petroleum taxes and related penalties that, while previously contested, all pertained to years prior to fiscal 2014 and should have been recorded in prior periods, $0.8 million of higher service and installation costs attributable to propane growth, and $0.6 million of acquisition-related legal and professional expenses tied to the Griffith acquisition. Operating income was $120.043 million against $85.805 million a year ago. Income before income taxes was $105.514 million against $73.513 million a year ago. The company's interest in net income was $61.563 million or $1.07 per basic and diluted share against $43.606 million or $0.73 per basic and diluted share a year ago. EBITDA was $135.079 million against $98.812 million a year ago. Net cash provided by operating activities was $5.253 million against Net cash used in operating activities of $31.630 million a year ago.

Star Gas Partners Mulls Acquisitions

Star Gas Partners, L.P. (NYSE:SGU) is seeking acquisitions. Steve Goldman, Chief Executive Officer of Star Gas Partners said, "Overall, we are pleased with our performance and remain actively engaged in seeking additional potential acquisitions that can drive Star's expansion into new geographic regions and areas of customer penetration."

Star Gas Partners, L.P. to Report Q3, 2014 Results on Aug 01, 2014

Star Gas Partners, L.P. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Aug 01, 2014

 

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Industry Analysis

SGU

Industry Average

Valuation SGU Industry Range
Price/Earnings 8.0x
Price/Sales 0.2x
Price/Book 1.1x
Price/Cash Flow 5.0x
TEV/Sales 0.1x
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