Star Group

What Star Group does

Star Group, L.P. is the largest retail distributor of home heating oil in the United States, operating a multi-brand portfolio of 30+ regional subsidiaries acquired over decades of disciplined M&A activity. The company delivers heating oil, propane, HVAC equipment installation and service, home comfort services, wholesale petroleum, and commercial energy services to more than 500,000 residential and commercial customers across 12 states spanning the Northeast, Mid-Atlantic, and Midwest regions (CT, DC, DE, MA, MD, MI, NJ, NY, PA, RI, VA, WV). Headquartered in Stamford, Connecticut and founded in 1995, Star Group is structured as a publicly traded Master Limited Partnership on the NYSE under ticker SGU, with Star Group GP, LLC acting as the general partner.

The company's core technology and product platform centers on Bioheat® fuel, a proprietary blend of renewable biodiesel and ultra-low sulfur heating oil marketed as an eco-friendly alternative to traditional heating fuel and natural gas, supporting Star Group's public commitment to reach net-zero carbon emissions by 2050. Regional brands such as Petro Home Services, SMO Energy, Griffith Energy Services, Leffler Energy, Meenan, and Hoffman Energy operate independently in their respective territories while sharing corporate infrastructure, distribution fleet, procurement scale, and HVAC service capability. The company maintains a customer-facing app, regional brand websites, and a 1-800-OIL-HEAT service line as primary customer-acquisition and account-management channels, alongside community partnerships with Habitat for Humanity, Feeding America, and other nonprofits.

Revenue is generated primarily through transaction-fee fuel deliveries to residential customers (the primary segment) and commercial customers, supplemented by professional-services revenue from HVAC installation and repair and by wholesale petroleum sales. Pricing is quote-based and varies by fuel type, volume, geography, and market conditions rather than via standardized public tiers. Star Group maintains a $610 million credit facility ($400M revolving line plus $210M senior secured term loan, expiring September 2029) earmarked for acquisitions and corporate purposes, and has increased its annual cash distribution for 14 consecutive years, most recently to $0.79 per unit in April 2026. For FY2025 the company reported approximately $1.78 billion in revenue, a market capitalization of approximately $412 million, a forward dividend yield of 6.3%, and a 19.4% return on equity.

Name

Star Group

Legal name

Star Group, L.P.

Website

https://stargrouplp.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

251–500 employees

Short description

Star Group, L.P. is the largest U.S. retail distributor of home heating oil, operating 30+ regional brands delivering heating oil, propane, HVAC services, and Bioheat® renewable fuel to over 500,000 residential and commercial customers across 12 states.

Ownership category

akta.pro rank

Product category

Home Energy Distribution

NAICS

Fuel Dealers (4572)

SIC

Retail-Auto Dealers & Gasoline Stations (5500)

akta.pro primary industry

Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)

Keywords

• Home heating oil
• Propane distribution
• HVAC services
• Bioheat fuel
• Petroleum distribution

Headquarters

HQ city

Stamford

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Home Heating Oil Sales: Sale of heating oil to residential and commercial customers for home heating purposes. Revenue generated through fuel deliveries to over 500,000 customers across the Northeast and Mid-Atlantic regions.
2. Propane Sales: Sale of propane gas to residential and commercial customers for heating and other energy needs.
3. HVAC Equipment Installation and Service: Installation, maintenance, and repair services for heating, ventilation, and air conditioning equipment. Includes home comfort services.
4. Wholesale Petroleum Sales: Wholesale distribution of petroleum products alongside retail operations.
5. Commercial Services: Energy services provided to commercial customers including heating oil, propane, and HVAC solutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Star Group is the largest retail distributor of home heating oil in the United States, operating a multi-brand portfolio of 30+ regional subsidiaries that deliver residential and commercial heating oil, propane, and HVAC equipment installation and service. The company serves more than 500,000 customers across 12 states in the Northeast, Mid-Atlantic, and Midwest regions, and distributes Bioheat® — a renewable biodiesel blend — as an eco-friendly fuel alternative supporting its net-zero carbon emissions goal by 2050.

Product overview

Star Group, L.P. is the largest retail distributor of home heating oil in the United States, operating a multi-brand portfolio strategy under a unified corporate umbrella. The company provides a comprehensive suite of home energy products and services consisting of residential heating oil and propane delivery, HVAC equipment installation and service, home comfort services, wholesale petroleum sales, and commercial services. The portfolio includes over 30 regional brands (including Petro Home Services, SMO Energy, Griffith Energy Services, Leffler Energy, Meenan, Hoffman Energy, and others) serving more than 500,000 residential and commercial customers across Connecticut, DC, Delaware, Massachusetts, Maryland, Michigan, New Jersey, New York, Pennsylvania, Rhode Island, Virginia, and West Virginia. The company also offers Bioheat® fuel, a renewable biodiesel blend, as an eco-friendly heating solution aligned with its net-zero carbon emissions pledge by 2050. The brands operate independently in their respective geographic territories while sharing corporate resources and brand acquisition strategy.

Differentiator

Problem solved

Functional benefit

Brands

• Petro Home Services: National heating oil, propane and HVAC services brand serving the Northeast and Mid-Atlantic regions.
• SMO Energy
• Griffith Energy Services
• Meenan
• Hoffman Energy

Products and services

• Residential Home Heating Oil and Propane Primary home energy product: home heating oil and propane delivered directly to residential customers for household heating through the company's direct delivery fleet and regional brand network.
• HVAC Equipment Installation and Service Installation, maintenance, and repair services for heating, ventilation, and air conditioning equipment provided to residential and commercial customers by company-dispatched HVAC technicians.
• Home Comfort Services Comprehensive home comfort solutions that combine heating oil, propane delivery, and related services for residential customers seeking single-vendor household energy management.
• Wholesale Petroleum Sales Wholesale distribution of petroleum products to commercial customers and other distributors alongside the company's retail fuel operations.
• Commercial Services Energy services tailored to commercial business customers, including heating oil, propane, and HVAC solutions delivered through the multi-brand regional network.
• Bioheat® Fuel Proprietary Bioheat® fuel: a blend of renewable biodiesel and ultra-low sulfur heating oil that serves as an eco-friendly alternative to traditional heating fuel and natural gas, marketed as safe, clean, sustainable, affordable, and renewable.

Quantifiable outcome

• 500,000+ residential and commercial customers served
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Habitat for HumanitycoreStrategic or Co-development Partner · 1 January 2019Petro Home Services' national partnership with Habitat for Humanity has helped communities facing low-income housing shortages in the Northeast and Mid-Atlantic. Since 2019, this partnership has contributed to building homes and providing heating equipment to those in need.
• Feeding AmericacoreStrategic or Co-development PartnerMany Star Group brands work with Feeding America, a nationwide nonprofit organization that has 200+ food banks and over 6,000 agencies that help feed more than 46 million people. Brand involvement includes Meenan and other regional brands.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Suburban Propane Partners, L.P. MLP structured for retail propane distribution to residential and commercial customers; comparable business model to Star Group's propane stream with similar MLP economics and regional end-customer profiles.
• UGI Corporation / AmeriGas: UGI owns AmeriGas, the largest US propane distributor, and combined natural-gas and propane utility assets — directly comparable to Star Group's portfolio of propane, heating oil, and HVAC service contracts to households.
• Global Partners LP: Master limited partnership operating gasoline stations, heating oil, propane, and diesel distribution across the Northeast US — directly comparable to Star Group's fuel delivery and terminal business, with overlapping customers in MA, NY, CT, and other Northeast states.
• Mirabito Holdings: Privately held Upstate New York and Northeast distributor of heating oil, propane, diesel, and HVAC services — closest regional competitor to Star Group's Petro/Meenan/Region Energy brands, with similar geographic overlap in NY and PA.
• HomeServe USA: Sells home emergency service plans (HVAC, plumbing, electrical) direct to homeowners — closely comparable to Star Group's HVAC service contract and home comfort offerings, with similar residential subscription-and-service model.
• Ferrellgas Partners, L.P. Retail propane distributor serving residential, commercial, and agricultural customers, structured as an MLP — comparable to Star Group on distribution model, seasonality, and customer concentration in heating-fuel end markets.

Emerging players

• Clean Energy Fuels Corp. Distributes renewable natural gas (RNG) and conventional natural gas for transportation — relevant to Star Group's Bioheat® strategy because RNG and biodiesel compete for the same sustainability-driven off-fuel customers.

Broad incumbents

• World Kinect Corporation: Large global fuel distributor (aviation, marine, land) with US retail fuel operations including heating oil — broader than Star Group but overlaps in wholesale/retail petroleum sales and renewable fuel blending capability.
• Trane Technologies: Major HVAC and building-controls OEM with a fast-growing residential heat pump portfolio — adjacent competitor to Star Group as heat pumps substitute for the fuel-oil equipment it services, and an equipment supplier for its HVAC install business.
• Carrier Global Corporation: One of the largest HVAC equipment OEMs globally — comparable to the equipment side of Star Group's HVAC install-and-service offering because Star Group installs Carrier and competing equipment into the homes it serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/star-group-lp

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries32 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Star Group