Star Group Q1 revenue down 18.5% to $528M; Adjusted EBITDA flat at $49M

STAR GROUP, L.P.

Revenue $528.1M, down 18.5% from $648.2M; heating oil/propane volume fell 10.2% to 80.1M gallons.
Net income $13.0M vs $13.6M in prior-year quarter; decrease of $0.6M.
Adjusted EBITDA $49.0M, virtually unchanged year-over-year despite warmer weather.
Temperatures were 9.6% warmer than prior year and 13.8% warmer than normal.
CEO notes two strategic acquisitions closed in February on Long Island to strengthen market presence.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STAR GROUP, L.P. reported the fiscal first quarter ended December 31, 2023 results: revenue $528.1 million, net income $13.0 million.

Period: the fiscal first quarter ended December 31, 2023
Revenue: $528.1 million
Net income: $13.0 million
Result: reported results

Exact text from the filing

Months Ended December 31, 2023 Compared to the Three Months Ended December 31, 2022 For the fiscal 2024 first quarter, Star reported an 18.5 percent decrease in total revenue to $528.1 million compared with $648.2 million in the prior-year period, reflecting both a decline in volume sold and lower selling prices for petroleum products. The volume of home heating oil

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Source: SEC EDGAR

accession 0001171843-24-000669

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