secwatch.observer — SEC 8-K summary
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Issuer:     STAR GROUP, L.P. (SGU)
CIK:        0001002590
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001171843-22-005314
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Star Group Q3 revenue up 55% to $439M; net loss narrows to $10.6M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002590/000117184322005314/0001171843-22-005314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002590/000117184322005314/f8k_080322.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005314

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