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Star Gas Partners LP (SGU) stock soared to a 52-week high, reaching $12.99 amidst a robust trading session. The company, trading at an attractive P/E ratio of 9.4x and offering a substantial 5.4% dividend yield, has demonstrated strong financial health according to InvestingPro analysis. This peak reflects a significant uptrend for the home heating oil distributor, marking a notable milestone in the company’s stock performance over the past year. Investors have witnessed a substantial 1-year change, with Star Gas Partners LP’s stock value climbing by 25.6%, while management has been actively buying back shares. The company has maintained dividend payments for 17 consecutive years, with recent analysis suggesting the stock is slightly undervalued. InvestingPro’s comprehensive analysis reveals 10 additional key insights about SGU’s valuation and growth prospects.
In other recent news, Star Gas Partners LP has reported significant growth in Q4 2024. There was a notable increase in net income and adjusted EBITDA, largely attributed to a 3% rise in home heating oil and propane volumes which led to a 4% increase in product gross profit. Net income saw a rise of $20 million, reaching a total of $33 million, while adjusted EBITDA improved by $3 million, amounting to $52 million. The company’s revenue for the period was $488.06 million.
Additionally, Star Gas Partners LP has made a strategic acquisition to strengthen its presence in the propane market. Future guidance from the company projects earnings per share (EPS) of $0.87 for both FY2025 and FY2026, with revenue forecasts of $1.77 billion for each year. These recent developments were discussed during the company’s earnings call, where CEO Jeff Woosnam emphasized the company’s commitment to service excellence and operational efficiency.
Analysts from firms such as NOLINN Management and ten ks Capital participated in the Q&A session, inquiring about the drivers of improvement in the service and installation business, trends in customer credit and payment, as well as capital allocation strategy and potential distribution increases. These inquiries reflect investor interest in the company’s financial planning and customer retention strategies.
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