{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-22-007889","form_type":"8-K","ticker":"SGU","cik":"0001002590","company_name":"STAR GROUP, L.P.","filed_at":"2022-12-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.145699+00:00","generated_at":"2026-06-21T07:54:59.201264+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Star Group reports Q4 net loss of $50.0M; full-year net income falls to $35.3M","bullets":["Q4 revenue up 25.4% to $296.6M; net loss widened to $50.0M from $23.2M on $35.0M derivative loss.","Full-year revenue $2.0B (+34%); net income $35.3M vs $87.7M; Adjusted EBITDA $110.3M vs $127.5M.","Home heating oil and propane volume fell 3.2% to 296.1M gallons for FY; Q4 volume down 7%.","Completed two small acquisitions in Q1 2023; customer attrition improved slightly year-over-year.","Operating expenses rose $25.4M in FY from higher credit card fees, bad debt, fuel and medical costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-22-007889","json":"https://secwatch.observer/filing/0001171843-22-007889.json","markdown":"https://secwatch.observer/filing/0001171843-22-007889.md","text":"https://secwatch.observer/filing/0001171843-22-007889.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1002590/000117184322007889/0001171843-22-007889-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1002590/000117184322007889/f8k_120722.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T07:54:59.201264+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"62871dfbc2c27cbb059d1c9c84fa0f741c9c5497","claim":"STAR GROUP, L.P. reported the fiscal year ended September 30, 2022 results: revenue $2.0 billion, net income $35.3 million.","evidence_excerpt":"For fiscal 2022, Star reported a 34.0 percent increase in total revenue to $2.0 billion, reflecting an increase in selling prices in response to higher wholesale product costs, partially offset by a decline in total petroleum product demand. The volume of home heating oil and propane sold during fiscal 2022 decreased by 9.8 million gallons, or 3.2 percent, to 296.1 million gallons, as slightly warmer temperatures, net customer attrition and other factors more than offset the impact from acquisitions. Temperatures in Star's geographic areas of operation for the fiscal year were 0.5 percent warmer than during fiscal 2021 and 9.3 percent warmer than normal, as reported by the National Oceanic and Atmospheric Administration. Net income decreased by $52.4 million, to $35.3 million, due to an unfavorable change in the fair value of derivative instruments of $53.4 million and a decrease in Adjusted EBITDA of $17.2 million, which were partially offset by a decline in the Company’s income tax e","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1002590/000117184322007889/0001171843-22-007889-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended September 30, 2022"},{"label":"Revenue","value":"$2.0 billion"},{"label":"Net income","value":"$35.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ecce1d794b9eb1f91109098adf0018185bbef9ed","claim":"STAR GROUP, L.P. reported the three months ended September 30, 2022 results: revenue $296.6 million, net income $50.0 million.","evidence_excerpt":"For the fiscal 2022 fourth quarter, Star reported a 25.4 percent increase in total revenue to $296.6 million compared with $236.6 million in the prior-year period, as an increase in selling prices more than offset the impact from a decline in total petroleum product demand. The volume of home heating oil and propane sold during the fiscal 2022 fourth quarter decreased by 1.4 million gallons, or 7.0 percent, to 19.4 million gallons, as the additional volume provided by acquisitions was more than offset by net customer attrition and other factors. Star’s net loss increased by $26.8 million in the quarter, to $50.0 million, due to an unfavorable change in the fair value of derivative instruments of $35.0 million and an increase in the Adjusted EBITDA loss of $3.1 million, which were partially offset by an increase in the Company’s income tax benefit of $11.8 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1002590/000117184322007889/0001171843-22-007889-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2022"},{"label":"Revenue","value":"$296.6 million"},{"label":"Net income","value":"$50.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}