---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004902"
form_type: "8-K"
ticker: "SGU"
cik: "0001002590"
company_name: "STAR GROUP, L.P."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T10:55:52.027334+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-004902
- form_type: 8-K
- ticker: SGU
- cik: 0001002590
- company_name: STAR GROUP, L.P.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002590/000117184323004902/0001171843-23-004902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002590/000117184323004902/f8k_080223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004902
- JSON: https://secwatch.observer/filing/0001171843-23-004902.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004902.txt

## Key facts
- Earnings Releases
  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
  source text: For the nine months ended June 30, 2023, Star reported nearly flat revenue year-over-year of $1.7 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002590/000117184323004902/0001171843-23-004902-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002590/000117184323004902/0001171843-23-004902-index.htm

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