SGU 8-K
Star Group, L.P. (SGU)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
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CURRENT REPORT
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Item 8.01 . Other Events
On October 10, 2023, Star Group, L.P., a Delaware partnership, issued a press release declaring its quarterly distribution on all units for the fiscal fourth quarter ended September 30, 2023. A copy of the press release is furnished within this report as Exhibit 99.1.
The information in this report is being furnished and is not deemed as "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended, unless specifically stated so therein.
Item 9.01. Financial Statements and Exhibits.
| Exhibit 99.1 | A copy of the Star Group, L.P. Press Release dated October 10, 2023 | |
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| STAR GROUP, L.P. | ||
| By: Kestrel Heat, LLC (General Partner) | ||
| Date: October 10, 2023 | By: | /s/ Richard F. Ambury |
| Richard F. Ambury | ||
| Chief Financial Officer Principal Financial Officer | ||
EXHIBIT 99.1
Star Group, L.P. Declares Quarterly Distribution of 16.25 Cents per Unit
STAMFORD, Conn., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy
distributor and services provider, today declared its quarterly distribution of $0.1625 per common unit for the three months ended September
30, 2023.
- Record date: October 20, 2023
- Payment date: October 30, 2023
About Star Group, L.P.
Star Group, L.P. is a full service provider specializing in the sale of
home 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 home heating oil and propane customers and, to a lesser extent, provides these
offerings to customers outside of its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil
on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including
its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions.
Additional information is available by obtaining the Company's SEC filings at www.sec.gov and by visiting Star's website at www.stargrouplp.com,
where unit holders may request a hard copy of Star’s complete audited financial statements free of charge.
Forward Looking Information
This news release includes "forward-looking statements" which represent
the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the impact of geopolitical
events, such as the war in the Ukraine, and its impact on wholesale product cost volatility, the price and supply of the products that
we sell, our ability to purchase sufficient quantities of product to meet our customer’s needs, rapid increases in levels of inflation
approaching 40-year highs, uncertain economic conditions, the consumption patterns of our customers, our ability to obtain satisfactory
gross profit margins, the effect of weather conditions on our financial performance, our ability to obtain new customers and retain existing
customers, our ability to make strategic acquisitions, the impact of litigation, natural gas conversions, the impact of the novel coronavirus,
or COVID-19, pandemic and future global health pandemics, on US and global economies, future union relations and the outcome of current
and future union negotiations, the impact of current and future governmental regulations, including climate change, environmental, health,
and safety regulations, the ability to attract and retain employees, customer credit worthiness, counterparty credit worthiness, marketing
plans, cyber-attacks, increases in interest rates, global supply chain issues, labor shortages and new technology. All statements other
than statements of historical facts included in this news release 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 the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to be correct and actual results may differ materially from those projected as a result of certain risks
and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and
"Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2022. Important factors
that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in
this news 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 by the Cautionary Statements.
Unless 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 news release.
| CONTACT: | |
| Star Group | Chris Witty |
| Investor Relations | Darrow Associates |
| 203/328-7310 | 646/438-9385 or [email protected] |