SGU
Star Group, L.P.11.72
-0.03-0.26%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Sparse Q&A reaffirms cold weather strength
Q&A stayed notably sparse, with one analyst probing early Q2 operations amid persistent cold; Woosnam reaffirmed January's chill and February's stormy start while praising employee resilience under duress. No contradictions, strategy shifts, or fresh M&A details surfaced beyond the prepared remarks' recent small acquisition note. Management offered no new guidance, merely echoing scripted confidence in service execution. Answers largely reaffirmed weather-driven gains. Investors will watch Q2 delivery amid volatility.
Key Stats
Market Cap
386.48MP/E (TTM)
6.44Basic EPS (TTM)
1.82Dividend Yield
0.06%Recent Filings
8-K
Expands unit buyback to 2M
10-Q
Q1 FY2026 results
Star Group posted solid Q1 FY2026 results for the quarter ended December 31, 2025, with total sales up 10.4% y/y to $539.3M on 13.9% higher home heating oil and propane volume from 18.8% colder weather, while product gross profit climbed 19.0% y/y to $179.5M as margins hit $1.8010/gallon (up 5.7%). Operating income rose 10.2% y/y to $54.2M, diluted EPS for limited partners increased 12.7% y/y to $0.89 (reconciled after anti-dilution adjustment per Note 15), yet cash from operations swung to a $55.2M use amid receivables buildup. Debt stands at $254.8M (6.9% effective rate) with $168.6M revolver availability and covenant compliance; repurchased 378K units at $11.87 average. Volumes remain vulnerable to weather swings.
8-K
Q1 revenue jumps 10.5%
Star Group kicked off fiscal 2026 with Q1 revenue up 10.5% to $539.3 million, fueled by 13.9% higher heating oil and propane volumes at 93.9 million gallons amid 18.8% colder weather. Net income climbed to $35.8 million, with Adjusted EBITDA surging 32% to $68.4 million from acquisitions and base business gains, despite a $5.0 million weather hedge hit. Cold snaps persist into Q2.
8-K
Declares $0.1850/unit distribution
Star Group, L.P. declared a quarterly distribution of $0.1850 per common unit for the fiscal first quarter ended December 31, 2025, payable February 4, 2026 to holders of record January 26. The payout holds steady amid forward-looking risks like product cost volatility and weather impacts. Distributions persist.
10-K
FY2025 results
Star Group delivered FY2025 sales of $1,437.6M and net income of $73.5M, up sharply from FY2024, fueled by 11.5% higher home heating oil and propane volume at 282.6M gallons despite 4.7% net customer attrition—yet colder weather (8.2% vs prior year) and $80.5M in acquisitions drove the surge. Q4 attrition decelerated to 1.6% while gross margins held firm at $1.7022/gallon (up 1.3% y/y), with installations and services adding $346.8M (up 9.3%). Adjusted EBITDA climbed 22.2% to $136.4M. Debt stood at $189M term loan (due 2029) with $165M revolver availability; repurchased 1.3M units for $15.6M. Q4 momentum slowed by seasonal off-peak. Wholesale product price volatility threatens margins.
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