EXHIBIT 99.1
Star Group, L.P. Declares Quarterly Distribution of 19.75 Cents per Unit
STAMFORD, Conn., Oct. 15, 2026 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today declared its quarterly distribution of $0.1975 per common unit for the three months ended September 30, 2026.
About
Star Group, L.P.
Star Group, L.P. is a full service provider specializing in the
sale of home heating products and services to residential and commercial customers to heat
their homes and buildings. The Company also sells and services heating and air conditioning
equipment to its home heating oil and propane customers and, to a lesser extent, provides
these offerings to customers outside of its home heating oil and propane customer base. Star
also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star
is the nation's largest retail distributor of home heating oil based upon sales volume. Including
its propane locations, Star serves customers in the more northern and eastern states within
the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining
the Company's SEC filings at www.sec.gov and by visiting Star's website at www.stargrouplp.com,
where unit holders may request a hard copy of Star’s complete audited financial statements
free of charge.
Forward
Looking Information
This news release includes "forward-looking statements" which
represent the Company’s expectations or beliefs concerning future events that involve
risks and uncertainties, including the impact of geopolitical events on wholesale product
cost volatility, the price and supply of the products that we sell, our ability to purchase
sufficient quantities of product to meet our customer’s needs, rapid increases in levels
of inflation, the consumption patterns of our customers, our ability to obtain satisfactory
gross profit margins, the effect of weather conditions on our financial performance, our
ability to obtain new customers and retain existing customers, our ability to make strategic
acquisitions, the impact of litigation, natural gas conversions and electrification of heating
systems, future global health pandemics, recessionary economic conditions, future union relations
and the outcome of current and future union negotiations, the impact of current and future
governmental regulations, including federal, state and municipal laws restricting greenhouse
gases ("GHG") emissions and federal, state and local environmental, health, and safety regulations,
the ability to attract and retain employees, customer credit worthiness, counterparty credit
worthiness, marketing plans, cyber-attacks, global supply chain issues, labor shortages and
new technology, including alternative methods for heating and cooling residences. All statements
other than statements of historical facts included in this Report including, without limitation,
the statements under “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” and elsewhere herein, are forward-looking statements. Without
limiting the foregoing, the words “believe,” “anticipate,” “plan,”
“expect,” “seek,” “estimate,” and similar expressions
are intended to identify forward-looking statements. Although we believe that the expectations
reflected in such forward-looking statements are reasonable, we can give no assurance that
such expectations will prove to be correct. Actual results may differ materially from those
projected as a result of certain risks and uncertainties. These risks and uncertainties include,
but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy"
in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30,
2025. Important factors that could cause actual results to differ materially from the Company’s
expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s
Form 10-K and our Quarterly Reports on Form 10-Q. All subsequent written and oral forward-looking
statements attributable to the Company or persons acting on its behalf are expressly qualified
in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company
undertakes no obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise after the date of this news release.
| CONTACT: | |
| Star Group, L. P. | Chris Witty |
| Investor Relations | Darrow Associates |
| 203/328-7310 | 646/438-9385 or cwitty@darrowir.com |