Star Group, L.P. SGU

Company Overview

Star Group, L.P. (NYSE: SGU) is a publicly traded master limited partnership that operates primarily in the retail distribution of home heating products and services in the United States. The company supplies heating oil, propane, diesel fuel, gasoline, and related petroleum products to residential and commercial customers, while also providing heating, ventilation, and air conditioning installation and service. Star Group operates within the broader energy distribution and home services industries, with recurring revenue supported by fuel delivery contracts, service agreements, and maintenance programs.

The partnership’s core business is centered on its Petroleum Products and Services Segment, which serves customers primarily in the northeastern and mid-Atlantic United States. Star Group has historically expanded through acquisitions of regional fuel distributors and HVAC service providers, allowing it to consolidate market share in fragmented local markets. Its competitive positioning is supported by an established customer base, extensive service infrastructure, recurring seasonal demand, and a network of local operating brands acquired over time.