Star Group, LP Announces Quarterly Distribution of 17.25 Cents Per Unit

STAMFORD, Conn., Oct. 17, 2024 (GLOBE NEWSWIRE) — Star Group, LP (the “Company” or “Star”) (NYSE:SGU), a residential energy supplier and service provider, today announced its quarterly distribution 0, $1,725 ​​per common unit for the three months ending September 30, 2024.

• Recording date: October 28, 2024

• Payment date: November 6, 2024

About Star Group, LP
Star Group, LP is a full-service provider specializing in the sale of heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its heating oil and propane customers and also offers these offerings to a lesser extent to customers outside of its heating oil and propane customer base. Star also sells diesel, petrol and heating oil on a delivery basis only. We believe Star is the nation's largest retailer of residential heating oil by sales volume. Including its propane locations, Star serves customers in the more northern and eastern states of the Northeast and Mid-Atlantic United States. For further information, please view the Company's SEC filings at www.sec.gov and visit Star's website at www.stargrouplp.com, where shareholders may obtain a paper copy of Star's complete audited financial statements free of charge.

Forward-Looking Information
This press release contains “forward-looking statements” that reflect the Company's expectations or beliefs regarding future events that involve risks and uncertainties, including the impact of geopolitical events on the volatility of wholesale product costs, the price and supply of the products we sell, our ability to purchase sufficient quantities of products to meet our customers' needs, rapid increases in inflation, our customers' consumption habits, our ability to achieve satisfactory gross profit margins, the impact of weather conditions on our financial performance, our ability to generate money from new customers and the retention of existing customers, our ability to make strategic acquisitions, the impact of litigation, natural gas conversions and electrification of heating systems, pandemics and future global health pandemics, recessionary economic conditions, future union relations and the outcome of current and future union negotiations, the impact of current and future government regulations, including climate change, environmental, health and safety regulations, the ability to attract and retain employees, creditworthiness of customers, creditworthiness of counterparties, marketing plans, cyberattacks, global supply chain issues, labor shortages and new technologies, including alternative methods for heating and cooling homes. All statements contained in this report that are not historical facts, including, but not limited to, the statements under “Management's Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere herein, are forward-looking statements. Without limiting the foregoing, the words “believe,” “anticipate,” “plan,” “expect,” “seek,” “estimate” and similar expressions are intended to identify forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Actual results may differ materially from those projected due to certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the caption “Risk Factors” and “Business Strategy” in our Annual Report on Form 10-K (the “Form 10-K”) for the fiscal year ended September 30, 2023. Important Factors that could cause actual results to differ materially from the Company's expectations (“cautionary statements”) are disclosed in this press release and in the Company's Form 10-K and our Quarterly Reports on Form 10-Q. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety. Except as otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

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