Star Group Q3 revenue falls 31.7% to $300.1M, net loss $23.9M on warm weather

STAR GROUP, L.P.

Revenue $300.1M, down 31.7% YoY; net loss $23.9M vs $10.6M prior year.
Heating oil/propane volume fell 26.2% to 30.1M gallons; weather 12.3% warmer than last year, 19.4% warmer than normal.
Adjusted EBITDA loss $22.9M, an $11.8M increase from prior year.
Nine-month revenue flat near $1.7B; net income $51.7M down $33.6M; Adjusted EBITDA $128.3M down $12.8M.
Liquidity: $57M cash, ~$218M credit availability, modest leverage ratio.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STAR GROUP, L.P. reported the first nine months of fiscal 2023 results: revenue $1.7 billion, net income $51.7 million.

Period: the first nine months of fiscal 2023
Revenue: $1.7 billion
Net income: $51.7 million
Result: reported results

Exact text from the filing

For the nine months ended June 30, 2023, Star reported nearly flat revenue year-over-year of $1.7 billion

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STAR GROUP, L.P. reported the fiscal third quarter ended June 30, 2023 results: revenue $300.1 million, net income $23.9 million.

Period: the fiscal third quarter ended June 30, 2023
Revenue: $300.1 million
Net income: $23.9 million
Result: reported results

Exact text from the filing

2023. Three Months Ended June 30, 2023 Compared to the Three Months Ended June 30, 2022 For the fiscal 2023 third quarter, Star reported a 31.7 percent decline in revenue, to $300.1 million, compared with $439.1 million in the prior-year period, reflecting a decrease in total volume sold and a decrease in average selling prices. The volume of home heating oil and

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STAR GROUP, L.P. filing history →

Source: SEC EDGAR

accession 0001171843-23-004902

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