Star Gas Partners LP (SGU) - Net Assets
Based on the latest financial reports, Star Gas Partners LP (SGU) has net assets worth $312.95 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($937.33 Million) and total liabilities ($624.38 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Star Gas Partners LP liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $312.95 Million |
| % of Total Assets | 33.39% |
| Annual Growth Rate | 5.78% |
| 5-Year Change | 12.49% |
| 10-Year Change | 3.8% |
| Growth Volatility | 33.16 |
Star Gas Partners LP - Net Assets Trend (1996–2025)
This chart illustrates how Star Gas Partners LP's net assets have evolved over time, based on quarterly financial data. Also explore Star Gas Partners LP asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Star Gas Partners LP (1996–2025)
The table below shows the annual net assets of Star Gas Partners LP from 1996 to 2025. For live valuation and market cap data, see Star Gas Partners LP market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $312.95 Million | +18.59% |
| 2024-09-30 | $263.89 Million | +0.06% |
| 2023-09-30 | $263.72 Million | +2.25% |
| 2022-09-30 | $257.92 Million | -7.29% |
| 2021-09-30 | $278.20 Million | +8.75% |
| 2020-09-30 | $255.82 Million | -1.92% |
| 2019-09-30 | $260.84 Million | -15.80% |
| 2018-09-30 | $309.79 Million | +1.21% |
| 2017-09-30 | $306.07 Million | +1.52% |
| 2016-09-30 | $301.49 Million | +4.00% |
| 2015-09-30 | $289.89 Million | +6.09% |
| 2014-09-30 | $273.25 Million | +5.39% |
| 2013-09-30 | $259.28 Million | -0.33% |
| 2012-09-30 | $260.14 Million | -4.58% |
| 2011-09-30 | $272.63 Million | -2.60% |
| 2010-09-30 | $279.91 Million | -8.63% |
| 2009-09-30 | $306.33 Million | +53.18% |
| 2008-09-30 | $199.98 Million | -7.56% |
| 2007-09-30 | $216.33 Million | +24.81% |
| 2006-09-30 | $173.32 Million | +19.45% |
| 2005-09-30 | $145.11 Million | -14.53% |
| 2004-09-30 | $169.77 Million | -10.54% |
| 2003-09-30 | $189.78 Million | -18.29% |
| 2002-09-30 | $232.26 Million | +17.15% |
| 2001-09-30 | $198.26 Million | +42.45% |
| 2000-09-30 | $139.18 Million | -7.34% |
| 1999-09-30 | $150.20 Million | +162.13% |
| 1998-09-30 | $57.30 Million | +11.05% |
| 1997-09-30 | $51.60 Million | -15.96% |
| 1996-09-30 | $61.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Star Gas Partners LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $314.73 Million | 100.57% |
| Other Comprehensive Income | $-11.35 Million | -3.63% |
| Other Components | $9.57 Million | 3.06% |
| Total Equity | $312.95 Million | 100.00% |
Star Gas Partners LP Competitors by Market Cap
The table below lists competitors of Star Gas Partners LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Promate Electronic Co Ltd
TW:6189
|
$398.49 Million |
|
Indo Thai Securities Limited
NSE:INDOTHAI
|
$398.52 Million |
|
TrueLight
TWO:3234
|
$398.62 Million |
|
Bosch Fren Sistemleri Sanayi ve Ticaret AS
IS:BFREN
|
$398.73 Million |
|
Puradelta Lestari PT
JK:DMAS
|
$398.21 Million |
|
Malaysian Resources Corporation
KLSE:1651
|
$398.18 Million |
|
Companhia Energética do Ceará - Coelce
SA:COCE3
|
$398.18 Million |
|
Guggenheim Taxable Municipal Managed Duration Trust
NYSE:GBAB
|
$398.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Star Gas Partners LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 269,607,000 to 312,951,000, a change of 43,344,000 (16.1%).
- Net income of 73,495,000 contributed positively to equity growth.
- Dividend payments of 26,116,000 reduced retained earnings.
- Share repurchases of 15,595,000 reduced equity.
- Other comprehensive income increased equity by 1,103,000.
- Other factors increased equity by 10,457,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $73.50 Million | +23.48% |
| Dividends Paid | $26.12 Million | -8.35% |
| Share Repurchases | $15.60 Million | -4.98% |
| Other Comprehensive Income | $1.10 Million | +0.35% |
| Other Changes | $10.46 Million | +3.34% |
| Total Change | $- | 16.08% |
Book Value vs Market Value Analysis
This analysis compares Star Gas Partners LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.37x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.58x to 1.37x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-09-30 | $21.36 | $12.47 | x |
| 1997-09-30 | $9.59 | $12.47 | x |
| 1998-09-30 | $9.49 | $12.47 | x |
| 1999-09-30 | $13.12 | $12.47 | x |
| 2000-09-30 | $7.61 | $12.47 | x |
| 2001-09-30 | $8.69 | $12.47 | x |
| 2002-09-30 | $8.07 | $12.47 | x |
| 2003-09-30 | $5.79 | $12.47 | x |
| 2004-09-30 | $4.82 | $12.47 | x |
| 2005-09-30 | $4.05 | $12.47 | x |
| 2006-09-30 | $3.27 | $12.47 | x |
| 2007-09-30 | $2.85 | $12.47 | x |
| 2008-09-30 | $2.64 | $12.47 | x |
| 2009-09-30 | $3.98 | $12.47 | x |
| 2010-09-30 | $3.96 | $12.47 | x |
| 2011-09-30 | $4.16 | $12.47 | x |
| 2012-09-30 | $4.49 | $12.47 | x |
| 2013-09-30 | $4.51 | $12.47 | x |
| 2014-09-30 | $4.91 | $12.47 | x |
| 2015-09-30 | $5.53 | $12.47 | x |
| 2016-09-30 | $5.73 | $12.47 | x |
| 2017-09-30 | $5.90 | $12.47 | x |
| 2018-09-30 | $-0.33 | $12.47 | x |
| 2019-09-30 | $-0.33 | $12.47 | x |
| 2020-09-30 | $-0.33 | $12.47 | x |
| 2021-09-30 | $-0.35 | $12.47 | x |
| 2022-09-30 | $-0.42 | $12.47 | x |
| 2023-09-30 | $7.52 | $12.47 | x |
| 2024-09-30 | $7.64 | $12.47 | x |
| 2025-09-30 | $9.13 | $12.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Star Gas Partners LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.12%
- • Asset Turnover: 1.90x
- • Equity Multiplier: 3.00x
- Recent ROE (23.48%) is above the historical average (3.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 4.23% | 2.17% | 0.76x | 2.56x | $-3.54 Million |
| 1997 | 3.88% | 1.48% | 0.92x | 2.86x | $-3.16 Million |
| 1998 | -1.75% | -0.90% | 0.62x | 3.13x | $-6.73 Million |
| 1999 | -19.71% | -13.21% | 0.42x | 3.59x | $-44.62 Million |
| 2000 | 0.97% | 0.18% | 1.20x | 4.45x | $-12.56 Million |
| 2001 | -2.65% | -0.48% | 1.21x | 4.53x | $-25.08 Million |
| 2002 | -4.81% | -1.09% | 1.09x | 4.06x | $-34.40 Million |
| 2003 | 0.11% | 0.01% | 1.50x | 5.14x | $-18.77 Million |
| 2004 | -3.45% | -0.40% | 1.51x | 5.66x | $-22.84 Million |
| 2005 | -17.87% | -2.06% | 2.00x | 4.34x | $-40.44 Million |
| 2006 | -31.31% | -4.19% | 2.23x | 3.35x | $-71.60 Million |
| 2007 | 17.68% | 3.02% | 2.10x | 2.78x | $16.61 Million |
| 2008 | -6.70% | -0.87% | 2.55x | 3.03x | $-33.41 Million |
| 2009 | 43.50% | 10.86% | 1.82x | 2.20x | $100.91 Million |
| 2010 | 10.21% | 2.34% | 2.08x | 2.10x | $595.10K |
| 2011 | 8.56% | 1.49% | 2.54x | 2.25x | $-4.01 Million |
| 2012 | 8.93% | 1.66% | 2.34x | 2.30x | $-2.98 Million |
| 2013 | 10.40% | 1.60% | 2.75x | 2.36x | $1.08 Million |
| 2014 | 11.67% | 1.68% | 2.86x | 2.43x | $4.70 Million |
| 2015 | 10.80% | 2.04% | 2.37x | 2.23x | $2.54 Million |
| 2016 | 12.36% | 3.48% | 1.68x | 2.12x | $7.73 Million |
| 2017 | 7.88% | 1.96% | 1.96x | 2.04x | $-6.99 Million |
| 2018 | 0.00% | 2.93% | 2.30x | 0.00x | $50.97 Million |
| 2019 | 0.00% | 1.01% | 2.33x | 0.00x | $19.33 Million |
| 2020 | 0.00% | 3.81% | 1.75x | 0.00x | $57.41 Million |
| 2021 | 0.00% | 5.86% | 1.75x | 0.00x | $89.14 Million |
| 2022 | 0.00% | 1.76% | 2.20x | 0.00x | $36.85 Million |
| 2023 | 10.94% | 1.50% | 2.23x | 3.26x | $2.51 Million |
| 2024 | 11.91% | 1.82% | 1.88x | 3.49x | $5.14 Million |
| 2025 | 23.48% | 4.12% | 1.90x | 3.00x | $42.20 Million |
Industry Comparison
This section compares Star Gas Partners LP's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $3,107,724,600
- Average return on equity (ROE) among peers: 4.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Star Gas Partners LP (SGU) | $312.95 Million | 4.23% | 2.00x | $398.24 Million |
| Crossamerica Partners LP (CAPL) | $78.40 Million | 23.06% | 11.20x | $810.75 Million |
| Clean Energy Fuels Corp (CLNE) | $449.66 Million | -17.62% | 0.76x | $510.97 Million |
| Cosan SA ADR (CSAN) | $766.34 Million | 2.23% | 2.55x | $3.96 Billion |
| CVR Energy Inc (CVI) | $1.67 Billion | 22.78% | 1.34x | $2.89 Billion |
| HF Sinclair Corp (DINO) | $80.00 Million | 22.63% | 2.59x | $10.95 Billion |
| Delek US Energy Inc (DK) | $575.20 Million | -97.43% | 10.59x | $2.44 Billion |
| Delek Logistics Partners LP (DKL) | $-110.70 Million | 0.00% | 0.00x | $2.83 Billion |
| Delixy Holdings Limited Ordinary Shares (DLXY) | $1.35 Million | 75.98% | 16.48x | $11.24 Million |
| Icahn Enterprises LP (IEP) | $7.89 Billion | 2.47% | 1.70x | $4.77 Billion |
| Marathon Petroleum Corp (MPC) | $19.68 Billion | 14.50% | 1.19x | $61.10 Billion |
About Star Gas Partners LP
Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintains, and repairs heating and air conditioning equipment and ancillary services. As of September 30, 2025, the company served approximately 406,400 full-service residential… Read more