Star Group Q4 net loss improves but full-year earnings decline on warm weather

STAR GROUP, L.P.

Q4 revenue $266.9M (-10% YoY); net loss $19.7M (improved $30.3M); Adj. EBITDA loss $31.4M.
FY revenue ~$2.0B (flat YoY); net income $31.9M (down $3.4M); Adj. EBITDA $96.9M (down $13.5M).
Home heating oil & propane volume 259.2M gallons, down 12.5% YoY; weather 16.3% warmer than normal.
CEO cites third warmest year in 123 years in NYC; completed acquisitions, maintained cost discipline.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STAR GROUP, L.P. reported financial results for the fiscal 2023 fourth quarter and year ended September 30, 2023.

Period: the fiscal 2023 fourth quarter and year ended September 30, 2023
Result: reported results

Exact text from the filing

On December 6, 2023 Star Group, L.P., a Delaware partnership, issued a press release announcing its financial results for the fiscal fourth quarter and fiscal year ended September 30, 2023.

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STAR GROUP, L.P. filing history →

Source: SEC EDGAR

accession 0001171843-23-007473

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