Star Gas Partners LP(SGU)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
1-STAR RATING
Consider higher Upturn Star rating
BUY for 38 days
PROFIT SINCE LAST BUY
+1.65% ▲
LAST CLOSE
$12.94
10/30/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for SGU

10/30/2026: SGU (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Star Gas Partners LP is a retail distributor of home heating oil and propane, operating primarily in the Northeast United States. The company benefits from a stable, recurring revenue model tied to essential residential heating needs, often bundled with profitable HVAC service contracts. Its core growth strategy involves acquiring and integrating regional dealers to build route density in its operating territories. However, investors face significant risks from the long-term secular shift toward home electrification, which threatens the demand for its primary fuel products. The stock is best suited for income-focused investors who understand the seasonal nature of the business and monitor the company's ability to navigate the energy transition.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe business operates in a mature, slow-growth industry with limited potential for rapid expansion.
Momentum investorWeak fitThe stock lacks the high volatility or volume-driven price trends often favored by momentum strategies.
Value investorMixed fitThe company may offer value characteristics, but investors must account for the long-term decline risks of heating oil.
Dividend investorStrong fitThe MLP structure and focus on cash flow generation make this a candidate for income-oriented portfolios.
Low-risk investorMixed fitWhile established, the business is sensitive to energy prices and weather risk, adding complexity.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highFluctuations in heating oil and propane costs impact working capital and margin stability.
Valuation riskMediumThe market's long-term outlook for fossil fuel heating can suppress valuation multiples.
Competition risk (heating fuel retailers)MediumHigh fragmentation means constant pricing and service pressure from local and regional rivals.
Business qualityMediumThe business provides essential services but faces secular demand headwinds.
Dividend incomeMediumDistributions depend on consistent cash flow, which is sensitive to climate and economic factors.
Execution riskMediumSuccess depends on effectively integrating acquisitions and managing seasonal fleet logistics.

Price Behavior

Steady Uptrend
PRICE PATH

Steady Uptrend

The stock demonstrates consistent and steady upward price momentum.

Very Smooth
PRICE STABILITY

Very Smooth

The stock has followed a highly orderly price path with minimal short-term disruption.

Analysis of Past Performance

Type Stock
Historic Profit -17.29%
Avg. Invested days 47
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/30/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
SGU receives a 3-star rating, supported by solid quantitative characteristics. The rating is constrained by soft unit economics, soft analyst coverage, and weak price momentum.

Company Fundamentals

★★★★★
SGU has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+96.7%) is partially offset by soft cash generation (FCF margin 3.1%), moderate revenue growth (+1.0%), soft profitability (net margin 3.5%).

Financial Health Rating

★★★★★
SGU's financial health is supported by solid cash strength, including free-cash-flow generation (3.1% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is SGU's strongest growth driver at +96.7% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (+1.0%, moderate) and free-cash-flow growth (-44.2%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 42.2% and approximately 74.9% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 15.20% supports management-shareholder alignment.

Top 5 Institutional Investors

Hartree Partners, LP 10.37%
Bandera Partners LLC 8.37%
Summit Trail Advisors, LLC 6.19%
Lubar & Co., Inc 3.95%
Oakcliff Capital Partners, LP 3.35%

Unit Economics (Per $1K Revenue)

★★★★★
SGU generates approximately $296 of gross profit, $54 of operating income, and $31 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Soft margins explain the 2-star rating, with soft cash conversion and moderate capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 28.58%

Quantitative Style Profile

★★★★★
SGU has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 424.58M USD
Price to earnings Ratio 5.7
1Y Target Price 13
Price to earnings Ratio 5.7
1Y Target Price 13
Volume (30-day avg) 23.2K shares
Beta 0.3
52 Weeks Range 10.74 - 13.13
Updated Date 11/01/2026
52 Weeks Range 10.74 - 13.13
Updated Date 11/01/2026
Dividends yield (FY) 5.92%
Basic EPS (TTM) 2.27

How Company Makes Money

Business areaWhat it includesRetail investor read
Fuel SalesRetail delivery of heating oil and propane.The primary way the company generates revenue is by selling energy products that people need to heat their homes during cold weather.
Equipment & ServiceHVAC system repairs, installations, and maintenance contracts.These services provide a steady, year-round income stream that helps offset the seasonal nature of fuel sales.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Valuation

Trailing PE 5.7
Forward PE 9.8
Enterprise Value 667.45M
Price to Sales(TTM) 0.22
Enterprise Value 667.45M
Price to Sales(TTM) 0.22
Enterprise Value to Revenue 0.35
Enterprise Value to EBITDA 3.82
Shares Outstanding 32.81M
Shares Floating 24.58M
Shares Outstanding 32.81M
Shares Floating 24.58M
Percent Insiders 15.2
Percent Institutions 42.21

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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