Star Gas Partners LP Net Assets
Star Gas Partners LP net assets. Based on the latest financial reports, Star Gas Partners LP (SGU) has net assets worth $388.85 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.01 Billion) and total liabilities ($621.24 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. Also explore Star Gas Partners LP (SGU) net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $388.85 Million |
| % of Total Assets | 38.5% |
| Annual Growth Rate | 5.58% |
| 5-Year Change | 6.68% |
| 10-Year Change | -1.56% |
| Growth Volatility | 33.12 |
Net Assets of Star Gas Partners LP (1996–2025)
Net assets of Star Gas Partners LP from 1996 to 2025. This chart illustrates how Star Gas Partners LP's net assets have evolved over time, based on quarterly financial data. See Star Gas Partners LP net asset quality index to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see SGU company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $296.78 Million | +12.46% |
| 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.
Star Gas Partners LP Net Assets Breakdown (September 2025)
Star Gas Partners LP net assets breakdown by equity component as of September 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $314.73 Million | 103.74% |
| Other Comprehensive Income | $-11.35 Million | -3.74% |
| Total Equity | $303.38 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 |
|---|---|
|
Enity
ST:ENITY
|
$422.93 Million |
|
Jiangsu Hengshang Energy Conservation Technology Co. Ltd. A
SHG:603137
|
$422.95 Million |
|
Nam Long Investment Corp
VN:NLG
|
$422.99 Million |
|
PureTech Health PLC
NASDAQ:PRTC
|
$423.06 Million |
|
Norma Group AG NA O.N.
XETRA:NOEJ
|
$422.50 Million |
|
Trade-Van Information Services Co
TW:6183
|
$422.49 Million |
|
Yantai Ishikawa Sealing Technology Co.Ltd.
SHE:301020
|
$422.46 Million |
|
IGG Inc
F:I91
|
$422.37 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 303,385,000, a change of 33,778,000 (12.5%).
- Net income of 63,143,000 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 11,243,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $63.14 Million | +20.81% |
| Dividends Paid | $26.12 Million | -8.61% |
| Share Repurchases | $15.60 Million | -5.14% |
| Other Comprehensive Income | $1.10 Million | +0.36% |
| Other Changes | $11.24 Million | +3.71% |
| Total Change | $- | 12.53% |
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: 1.49x
- 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 0.62x to 1.49x 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 | $13.18 | x |
| 1997-09-30 | $9.59 | $13.18 | x |
| 1998-09-30 | $9.49 | $13.18 | x |
| 1999-09-30 | $13.12 | $13.18 | x |
| 2000-09-30 | $7.61 | $13.18 | x |
| 2001-09-30 | $8.69 | $13.18 | x |
| 2002-09-30 | $8.07 | $13.18 | x |
| 2003-09-30 | $5.79 | $13.18 | x |
| 2004-09-30 | $4.82 | $13.18 | x |
| 2005-09-30 | $4.05 | $13.18 | x |
| 2006-09-30 | $3.27 | $13.18 | x |
| 2007-09-30 | $2.85 | $13.18 | x |
| 2008-09-30 | $2.64 | $13.18 | x |
| 2009-09-30 | $3.98 | $13.18 | x |
| 2010-09-30 | $3.96 | $13.18 | x |
| 2011-09-30 | $4.08 | $13.18 | x |
| 2012-09-30 | $4.20 | $13.18 | x |
| 2013-09-30 | $4.36 | $13.18 | x |
| 2014-09-30 | $4.75 | $13.18 | x |
| 2015-09-30 | $5.53 | $13.18 | x |
| 2016-09-30 | $5.73 | $13.18 | x |
| 2017-09-30 | $5.90 | $13.18 | x |
| 2018-09-30 | $-0.33 | $13.18 | x |
| 2019-09-30 | $-0.33 | $13.18 | x |
| 2020-09-30 | $-0.33 | $13.18 | x |
| 2021-09-30 | $-0.35 | $13.18 | x |
| 2022-09-30 | $-0.42 | $13.18 | x |
| 2023-09-30 | $7.52 | $13.18 | x |
| 2024-09-30 | $7.64 | $13.18 | x |
| 2025-09-30 | $8.85 | $13.18 | 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): 20.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.54%
- • Asset Turnover: 1.90x
- • Equity Multiplier: 3.09x
- Recent ROE (20.81%) is above the historical average (3.60%), 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 | 8.72% | 1.49% | 2.54x | 2.30x | $-3.49 Million |
| 2012 | 9.55% | 1.66% | 2.34x | 2.46x | $-1.17 Million |
| 2013 | 10.76% | 1.60% | 2.75x | 2.44x | $1.97 Million |
| 2014 | 12.04% | 1.68% | 2.86x | 2.51x | $5.56 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 | 20.81% | 3.54% | 1.90x | 3.09x | $32.80 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: $7,399,956,542
- Average return on equity (ROE) among peers: 4.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Star Gas Partners LP (SGU) | $388.85 Million | 4.23% | 1.60x | $422.57 Million |
| ARKO Petroleum Corp. (APC) | $21.86 Billion | 3.66% | 1.55x | $186.04 Million |
| Crossamerica Partners LP (CAPL) | $14.54 Million | -24.71% | 20.71x | $754.31 Million |
| Clean Energy Fuels Corp (CLNE) | $62.06 Million | 3.43% | 0.29x | $420.63 Million |
| Cosan SA ADR (CSAN) | $48.17 Billion | 2.44% | 1.79x | $3.96 Billion |
| CVR Energy Inc (CVI) | $689.60 Million | 2.07% | 1.52x | $3.13 Billion |
| HF Sinclair Corp (DINO) | $1.21 Billion | 1.62% | 1.60x | $13.13 Billion |
| Delek US Energy Inc (DK) | $575.20 Million | -97.43% | 10.59x | $2.82 Billion |
| Delek Logistics Partners LP (DKL) | $12.21 Million | 82.65% | 4.89x | $2.75 Billion |
| Delixy Holdings Limited Ordinary Shares (DLXY) | $1.82 Million | 63.12% | 4.72x | $6.74 Million |
| Icahn Enterprises LP (IEP) | $1.41 Billion | 4.88% | 0.61x | $3.38 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