---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-000589"
form_type: "8-K"
ticker: "SGU"
cik: "0001002590"
company_name: "STAR GROUP, L.P."
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:16:35.140318+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Star Group Q1 revenue $648.2M (+33%); net income down to $13.5M, Adj. EBITDA $49.1M

## Summary
- Revenue $648.2M, up 32.8% YoY on higher selling prices; volume up 2.5% to 89.2M gallons.
- Net income $13.5M, down $1.0M YoY due to $4.2M non-cash derivative loss and higher interest expense.
- Adjusted EBITDA $49.1M, up $4.6M YoY on higher volume and per-gallon margins.
- Net customer gain of 1.7% in Q1, best in years; acquired two dealers adding ~1.5M gallons annually.
- Weather 14.9% colder than prior year but 6.6% warmer than normal; $0.4M weather hedge charge.

## SEC filing metadata
- accession: 0001171843-23-000589
- form_type: 8-K
- ticker: SGU
- cik: 0001002590
- company_name: STAR GROUP, L.P.
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002590/000117184323000589/0001171843-23-000589-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002590/000117184323000589/f8k_020123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-000589
- JSON: https://secwatch.observer/filing/0001171843-23-000589.json
- Plain text: https://secwatch.observer/filing/0001171843-23-000589.txt

## Key facts
- Earnings Releases
  STAR GROUP, L.P. reported fiscal 2023 first quarter ended December 31, 2022 results: revenue $648.2 million, net income $13.5 million.
  - Period: fiscal 2023 first quarter ended December 31, 2022
  - Revenue: $648.2 million
  - Net income: $13.5 million
  - Result: reported results
  source text: Months Ended December 31, 2022 Compared to the Three Months Ended December 31, 2021 For the fiscal 2023 first quarter, Star reported a 32.8 percent increase in total revenue to $648.2 million compared with $488.3 million in the prior-year period, reflecting higher selling prices. The volume of home heating oil and propane sold during the fiscal 2023 first quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002590/000117184323000589/0001171843-23-000589-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.