Profile: Star Gas Partners LP (SGU.N)
24 Apr 2015
Star Gas Partners, L.P. (Star Gas Partners), incorporated on October 16, 1995, is a home heating oil distributor and services provider that principally provides services to residential and commercial customers to heat their homes and buildings. As of September 30, 2013, the Company sold home heating oil to approximately 404,000 full services residential and commercial home heating oil customers and propane to approximately 10,000 propane customers. It also sells home heating oil, gasoline and diesel fuel to approximately 54,000 customers on a delivery only basis. It installs, maintains and repairs heating and air conditioning equipment for its customers and provides ancillary home services, including home security and plumbing, to approximately 15,700 customers.
The Company provides home heating equipment repair service round the clock. It conducts its business through an operating subsidiary, Petro Holdings, Inc., utilizing over 30 local brand names, such as Petro Heating & Air Conditioning Services and Meenan Oil. In addition, it provides a smart pay budget payment plan in which homeowners’ estimated annual oil deliveries and service billings are paid for in a series of equal monthly installments. The Company sells related and complementary products and services, such as air conditioning systems, plumbing services and home security systems. As of September 30, 2013, total sales were comprised of approximately 75% from sales of home heating oil and propane; 13% from the installation and repair of heating and air conditioning equipment and ancillary services, and 12% from the sale of other petroleum products.
Star Gas Partners LP
2187 Atlantic St
STAMFORD CT 06902-6880