---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002829"
form_type: "8-K"
ticker: "SGU"
cik: "0001002590"
company_name: "STAR GROUP, L.P."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-15T23:54:51.325060+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Star Group Q2 revenue declines 5.7% to $737.6M on record warm weather; net income down $19.3M

## Summary
- Volume of home heating oil/propane fell 18.7% to 121.1M gallons; weather 21.6% warmer than normal, warmest NYC quarter in 123 years.
- Net income dropped $19.3M to $62.0M; weather hedge provided $12.9M benefit vs $1.1M charge a year ago.
- Adjusted EBITDA decreased $5.5M to $102.2M; per-gallon margins improved but volume decline outweighed.
- Six-month revenue up 9% to $1.4B but volume down 10.8%; net income fell $20.3M to $75.6M.
- Management cites weather impact and notes cost-control efforts and hedge program as mitigants.

## SEC filing metadata
- accession: 0001171843-23-002829
- form_type: 8-K
- ticker: SGU
- cik: 0001002590
- company_name: STAR GROUP, L.P.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002590/000117184323002829/0001171843-23-002829-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002590/000117184323002829/f8k_050323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002829
- JSON: https://secwatch.observer/filing/0001171843-23-002829.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002829.txt

## Key facts
- Earnings Releases
  STAR GROUP, L.P. reported fiscal 2023 second quarter ended March 31, 2023 results: revenue $737.6 million, net income $62.0 million.
  - Period: fiscal 2023 second quarter ended March 31, 2023
  - Revenue: $737.6 million
  - Net income: $62.0 million
  - Result: reported results
  source text: 2023. Three Months Ended March 31, 2023 Compared to the Three Months Ended March 31, 2022 For the fiscal 2023 second quarter, Star reported a 5.7 percent decline in revenue to $737.6 million compared with $782.5 million in the prior-year period, reflecting a decrease in total volume sold, partially offset by the impact of acquisitions and other factors. The volume of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002590/000117184323002829/0001171843-23-002829-index.htm
- Earnings Releases
  STAR GROUP, L.P. reported six months ended March 31, 2023 results: revenue $1.4 billion, net income $75.6 million.
  - Period: six months ended March 31, 2023
  - Revenue: $1.4 billion
  - Net income: $75.6 million
  - Result: reported results
  source text: For the six months ended March 31, 2023, Star reported a 9.0 percent increase in total revenue to $1.4 billion compared with $1.3 billion in the prior-year period
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002590/000117184323002829/0001171843-23-002829-index.htm

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