secwatch.observer — SEC 8-K summary
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Issuer:     STAR GROUP, L.P. (SGU)
CIK:        0001002590
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001171843-23-002829
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 Q2 revenue declines 5.7% to $737.6M on record warm weather; net income down $19.3M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002590/000117184323002829/0001171843-23-002829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002590/000117184323002829/f8k_050323.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-002829

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