Business
Star Group, L.P. Reports Fiscal 2026 First Quarter Results
STAMFORD, Conn., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today filed its fiscal 2026 quarterly report on Form 10-Q with the SEC and announced financial results for its fiscal 2026 first quarter, the three months ended December 31, 2025. Three Months Ended December 31, 2025 Compared to the Three Months Ended December 31, 2024For the fiscal 2026 first quarter, Star reported a 10.5 percent increase in
About this update from Star Group L.p.
STAMFORD, Conn., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today filed its fiscal 2026 quarterly report on Form 10-Q with the SEC and announced financial results for its fiscal 2026 first quarter, the three months ended December 31, 2025. Three Months Ended December 31, 2025 Compared to the Three Months Ended December 31, 2024For the fiscal 2026 first quarter, Star reported a 10.5 percent increase in total revenue to $539.3 million compared with $488.1 million in the prior-year period, reflecting higher product volumes and an increase in service and installation revenue. The volume of home heating oil and propane sold during the fiscal 2026 first quarter rose by 11.5 million gallons, or 13.9 percent, to 93.9 million gallons, as the additional volume provided from acquisitions and colder temperatures was reduced by the impact of net customer attrition and other factors. Temperatures in Star's geographic areas of operation for the three months ended December 31, 2025 were 18.8 percent colder than the three months ended December 31, 2024 and 6.1 percent colder than normal, as reported by the National Oceanic and Atmospheric Administration. Star’s net income rose by $2.9 million in the quarter, to $35.8 million, primarily due to a $16.5 million increase in Adjusted EBITDA, partially offset by an unfavorable change in the fair value of derivative instruments of $10.7 million, a $1.4 million increase in income taxes, $0.9 million higher depreciation and amortization expense, and a $0.8 million increase in net interest expense. The Company reported first quarter Adjusted EBITDA (a non-GAAP measure defined below) of $68.4 million, versus Adjusted EBITDA of $51.9 million in the first quarter of fiscal 2025, reflecting a $16.8 million increase in Adjusted EBITDA in the base business and $4.7 million increase in Adjusted EBITDA from recent acquisitions, partially offset by a $5.0 million increase in expense related to the Company's weather hedge contracts. Temperatures in Star’s geographic areas of operation, from November through December of 2025, were colder than the strike prices and, therefore, the Company recorded an expense under the weather hedge contracts of $5.0 million, as compared to no expense (or benefit) for the three months ended...