uploads///stock performance

Star Gas Partners Stock Has Risen 33% in 2016: What’s Next?


Dec. 8 2016, Updated 11:35 a.m. ET

Year-to-date rise

Star Gas Partners (SGU) stock has risen 33% in 2016. In comparison, Suburban Propane Partners (SPH) and AmeriGas Partners (APU) have risen 23% and 30%, respectively. On the other hand, Ferrellgas Partners (FGP) has fallen 64% year-to-date.

The above graph compares the stock performance of the four propane MLPs. FGP is scheduled to report its fiscal 1Q17 earnings on December 9, 2016.

Article continues below advertisement

Outlook for 2017

Steve Goldman, Star Gas Partners’ chief executive officer, said in the fiscal 4Q16 earnings release, “We completed four small acquisitions this year, and one just recently in Michigan, which continued to expand our geographic footprint, while also investing in organically growing our propane operations and other ancillary services.”

He continued, “In addition, we repurchased 1.4 million common units in connection with our existing repurchase plan, as we remain committed to delivering value to our long-term investors.”

On the expected performance in 2017, Goldman said, “As we turn the corner on fiscal 2017, we believe the Partnership is well positioned to handle whatever the next twelve months bring and look forward to again delivering the type of operating performance that our unit holders have come to expect.”

Learn more about the four propane MLPs in The Future of Propane According to Four MLPs.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.