secwatch.observer — SEC 8-K summary
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Issuer:     STAR GROUP, L.P. (SGU)
CIK:        0001002590
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001171843-22-003227
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Star Group Q2 revenue up 29.5% to $782.5M, but net income falls to $81.4M; Adjusted EBITDA down $12M
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- Revenue increased 29.5% to $782.5M driven by higher selling prices; volumes down 5.5% to 148.9M gallons.
- Net income $81.4M, down $3.8M YoY; Adjusted EBITDA $107.7M, down $12.0M.
- Weather: temperatures 3% colder than prior year but 3.7% warmer than normal; weather hedge charge $1.1M.
- Accessed $100M seasonal working capital line increasing revolver to $400M amid wholesale cost volatility.
- Acquired two oil dealers adding ~5.5M gallons annual volume; continued M&A strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002590/000117184322003227/0001171843-22-003227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002590/000117184322003227/f8k_050422.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-003227

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer