Business Context and Reporting Period
Company: STAR GROUP, L.P.
Filing Type: Form 8-K (Current Report)
Date of Report: December 30, 2021
Reporting Period: Event date December 30, 2021
The Company entered into a Material Definitive Agreement (Item 1.01) to purchase common units in a private transaction.
Key Financial Metrics
This filing reports a specific transaction rather than periodic financial performance. The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
| Metric | Value |
|---|---|
| Units Purchased | 0.4 million |
| Aggregate Consideration | Approximately $4.4 million |
| Transaction Type | Private purchase outside of unit repurchase plan |
Material Changes
The Company reduced its outstanding common units by 0.4 million through a private purchase from Yorktown Energy Partners VI, L.P. This transaction was executed outside the Company's standard unit repurchase plan.
Guidance, Outlook, and Risks
The filing text does not provide clear values or statements regarding future guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the disclosed transaction.
Investor Verification Checklist
- Verify the impact of the $4.4 million cash outflow on the Company's current liquidity position.
- Confirm the total number of common units outstanding following the reduction of 0.4 million units.
- Review the Company's unit repurchase plan status to understand why this transaction was executed outside the plan.
- Check subsequent filings for any additional private transactions or changes in capital structure.