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    Michael Prouting • Prouting & Co.

    Michael Prouting is an analyst at Prouting & Co., focusing on financial analysis and equity research for clients in the investment sector. Although detailed public information on the exact companies he covers and his performance track record is unavailable, he is recognized for his analytical skills within the firm. Michael began his career in finance prior to joining Prouting & Co., steadily building experience in research and client advisory roles. His professional profile does not indicate specific FINRA registrations or securities licenses, nor notable third-party rankings or published recognition.

    Michael Prouting's questions to Star Group LP (SGU) leadership

    Michael Prouting's questions to Star Group LP (SGU) leadership • Q3 2025

    Question

    Michael Prouting from 10K Capital LLC inquired about Star Group's acquisition pipeline and the potential applications of artificial intelligence (AI) within the business.

    Answer

    President & CEO Jeffrey Woosnam addressed both points. He confirmed a robust acquisition pipeline, noting four deals closed in the fiscal year and significant ongoing market activity. Regarding AI, Woosnam stated that while Star Group has begun implementing AI in its customer interface, the company prioritizes maintaining a personal touch, ensuring customers can always connect with a human representative. He acknowledged future opportunities for AI but stressed the need to balance technology with their core identity as a service provider.

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    Michael Prouting's questions to Star Group LP (SGU) leadership • Q2 2025

    Question

    Michael Prouting of 10K Capital asked about the potential impact of tariffs on product pricing and the current dynamics of the acquisition market, including deal availability and the company's capacity to execute.

    Answer

    President and CEO Jeffrey Woosnam addressed the tariff question, stating the company has seen 3% to 15% price increases on HVAC parts and equipment but has been able to adjust its own pricing due to advance notice from vendors. Regarding acquisitions, Woosnam noted that he has not seen any tax-related drivers, but that a busy heating season has brought more opportunities to the market as anticipated, and the company has the firepower to execute.

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    Michael Prouting's questions to Star Group LP (SGU) leadership • Q1 2025

    Question

    Michael Prouting from 10K Capital asked about the company's capital allocation strategy concerning future acquisitions, dividends, and share buybacks, and also inquired about recent trends in customer churn.

    Answer

    President and CEO Jeffrey Woosnam explained that decisions on the distribution are typically made after the heating season, while choices between buybacks and M&A depend on economics and timing. He also noted that while gross customer losses were low, new customer additions have been sluggish but showed signs of rebounding in January. CFO Richard Ambury confirmed the Board would review the distribution in April.

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    Michael Prouting's questions to Star Group LP (SGU) leadership • Q4 2024

    Question

    Michael Prouting inquired about the company's expectations for the upcoming heating season's weather, current customer retention trends, and the outlook for the M&A environment, including the potential for larger transactions.

    Answer

    President and CEO Jeffrey Woosnam responded that the company plans for normal weather, as long-term forecasts are unreliable. He explained that while internal customer loss rates have improved, net attrition was impacted by a slow real estate market and mild weather, which reduced new customer gains. On the M&A front, Woosnam described the pipeline as strong and encouraging, highlighting five acquisitions in fiscal 2024, another in October, and several opportunities currently in late-stage review.

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