Star Group L.P. (SGU)
NYSE NYSE Primary Summary
SGU Chart
Star Bulk Carriers: Strong Rates Could Sustain A Yield Above 10%, But Risks Remain
Star Bulk Carriers offers high spot market exposure, creating significant upside if dry bulk rates remain strong. SBLK's shrinking, modernizing fleet and opportunistic asset sales have unlocked book value and improved balance sheet strength. Q2 is poised for robust EPS and a dividend yield above 10%, with management's new policy targeting 100% of post-amortization operating cash flow.
Star Bulk Carriers: Rich Dividends, Healthier Balance Sheet, And Fleet Renewal - Promising Industry Tailwinds
Star Bulk Carriers' elevated spot rates, especially for Ultramax/Supramax and Newcastlemax/Capesize vessels, may drive SBLK's robust FCF generation in FQ2'26. The healthier balance sheet at a net debt/annualized adj EBITDA ratio of 1.18x provides flexibility for disciplined fleet renewal across older fleet sales and new shipbuilding. These developments may have contributed to the updated dividend policy, at which they 'distribute 100% of free cash flow,' aided by the accretion from the ongoing share repurchases.
Five Star Bancorp: A CRE-Focused Bank With An Exemplary Track Record
Five Star Bancorp demonstrates robust earnings growth, driven by disciplined underwriting and a high-quality, expanding loan book. FSBC's focus on manufactured home communities and RV parks, with low average CRE LTV ratios (49%), limits risk despite sector concerns. The bank's strong asset growth and low loan loss provisions support a premium valuation above 2x tangible book value and a 13x earnings multiple.
Star Group L.P. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Jeff Ameen Spire Wealth Management | 4,537 | $50,599.4 | $59,389.33 | $8,789.93 | 17.37% |
| RG Robert Glass AlphaCentric Advisors LLC | 21,239 | $260,814.92 | $278,018.51 | $17,203.59 | 6.6% |
 Christopher C. Powers Farther Finance Advisors, LLC | 1,100 | $13,012 | $14,399 | $1,387 | 10.66% |
 Kevin Bresler TD Waterhouse Canada Inc. | 1,400 | $15,242 | $18,389 | $3,147 | 20.65% |
 Curtis Burkholder Bare Financial Services, Inc | 89 | $1,071.52 | $1,176.58 | $105.06 | 9.8% |
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Star Group L.P. Profile
| Capital Markets Industry | Financials Sector | Jeffrey Woosnam CEO | NYSE Exchange | 85512C105 CUSIP |
| US Country | 3,042 Employees | 6 May 2026 Last Dividend | 23 Dec 2013 Last Split | 14 Dec 1995 IPO Date |
Overview
Star Group, L.P., initially named Star Gas Partners, L.P., underwent a rebranding in October 2017 to its current designation. This entity, founded in 1995 and headquartered in Stamford, Connecticut, specializes in the supply of home heating oil and propane to both residential and commercial clientele across the United States. As of September 30, 2023, Star Group, L.P. proudly serves an extensive customer base, numbering approximately 402,200 full-service residential and commercial patrons for home heating oil and propane services, in addition to 52,400 customers who avail of delivery only facilities. Furthermore, the company extends its fuel services, including gasoline and diesel, to roughly 26,600 customers, marking its distinguished presence in the fuel distribution industry.
Products and Services
Star Group, L.P. offers a comprehensive portfolio of products and services tailored to meet the varied needs of its customers, encompassing residential and commercial sectors:
- Home Heating Oil and Propane: The company specializes in providing heating oil and propane, essential for heating and cooking purposes, to residential and commercial customers, ensuring a consistent and reliable supply.
- Gasoline and Diesel Fuel: Beyond home heating solutions, Star Group extends its offerings to include gasoline and diesel fuel distribution, catering to the needs of approximately 26,600 customers requiring these fuels for their vehicles and equipment.
- Heating and Air Conditioning Equipment Installation, Maintenance, and Repair: Recognizing the importance of maintaining a comfortable indoor environment, the company not only supplies fuel but also offers installation, maintenance, and repair services for heating and air conditioning systems. This comprehensive approach ensures customers enjoy uninterrupted comfort and efficiency in their homes and workplaces.
