earnings
confidence high
sentiment negative
materiality 0.65
Star Group Q3 revenue up 55% to $439M; net loss narrows to $10.6M
STAR GROUP, L.P.
- Fiscal Q3 revenue $439.1M (+55.1% YoY) on higher selling prices; home heating oil and propane volume up 7.3% to 40.7M gal.
- Net loss narrowed to $10.6M from $12.1M; Adjusted EBITDA loss widened to $11.1M from $9.9M.
- Acquired one heating oil dealer adding ~3.8M gal annually; post-quarter extended credit facilities to 2027 ($550M capacity).
- Nine-month Adjusted EBITDA fell $14.1M to $141.1M as operating expenses rose $23.9M (higher credit card fees, bad debt, insurance).
- Temperatures in Q3 similar YoY but 8% warmer than normal; CEO cites higher commodity prices pressuring margins.