secwatch.observer — SEC 8-K summary
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Issuer:     STAR GROUP, L.P. (SGU)
CIK:        0001002590
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001171843-23-000589
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002590/000117184323000589/0001171843-23-000589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002590/000117184323000589/f8k_020123.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-000589

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