Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Star Gas Partners LP (SGU) stock soared to a 52-week high, reaching $13.35, marking a significant milestone for the home heating oil distributor. According to InvestingPro data, the company boasts an attractive 5.26% dividend yield and has maintained dividend payments for 17 consecutive years. This peak reflects a robust performance over the past year, with the company’s stock price delivering a 29.39% total return. Investors have shown growing confidence in Star Gas Partners, as the company continues to navigate the dynamic energy market, capitalizing on efficient operations and strategic growth initiatives. The company’s strong financial position is reflected in its "GREAT" overall health score from InvestingPro, with particularly impressive metrics in profitability and price momentum. The 52-week high serves as a testament to the firm’s resilience, trading at an attractive P/E ratio of 9.68 and showing strong free cash flow yields. For deeper insights into SGU’s valuation and growth potential, access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Star Gas Partners LP reported strong financial results for the fourth quarter of 2024. The company saw a significant increase in net income, rising by $20 million to reach $33 million. Additionally, adjusted EBITDA improved by $3 million, totaling $52 million for the quarter. Revenue for the period was reported at $488.06 million. Star Gas Partners also experienced a 3% growth in home heating oil and propane volumes, contributing to a 4% increase in product gross profit. The company’s strategic acquisition further strengthened its presence in the propane market. Analysts from firms like NOLINN Management have shown interest in the company’s capital allocation strategies and potential distribution increases. The company remains focused on operational efficiency and cost control, with guidance projecting earnings per share of $0.87 and revenue forecasts of $1.77 billion for fiscal years 2025 and 2026.
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