---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002425"
form_type: "8-K"
ticker: "SGU"
cik: "0001002590"
company_name: "STAR GROUP, L.P."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T01:44:25.759661+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Star Group Q2 revenue down 9.7% to $666M; net income rises, Adjusted EBITDA falls

## Summary
- Revenue $666.0M (down 9.7% YoY); home heating oil/propane volume fell 4M gallons to 117.1M.
- Net income $68.4M vs $62.1M, helped by $14.8M favorable derivative fair value change.
- Adjusted EBITDA $96.3M vs $102.2M; higher margins offset by lower volume and reduced weather hedge.
- Temperatures 15.2% warmer than normal in Star's footprint; 6.9% colder than prior year.
- Closed two strategic acquisitions on Long Island in February; customer attrition modest.

## SEC filing metadata
- accession: 0001171843-24-002425
- form_type: 8-K
- ticker: SGU
- cik: 0001002590
- company_name: STAR GROUP, L.P.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002590/000117184324002425/0001171843-24-002425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002590/000117184324002425/f8k_050124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002425
- JSON: https://secwatch.observer/filing/0001171843-24-002425.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002425.txt

## Key facts
- Earnings Releases
  STAR GROUP, L.P. reported fiscal 2024 second quarter, the three month period ended March 31, 2024 results: revenue $666.0 million, net income $68.4 million.
  - Period: fiscal 2024 second quarter, the three month period ended March 31, 2024
  - Revenue: $666.0 million
  - Net income: $68.4 million
  - Result: reported results
  source text: Three Months Ended March 31, 2024 Compared to the Three Months Ended March 31, 2023 For the fiscal 2024 second quarter, Star reported a 9.7 percent decrease in total revenue to $666.0 million compared with $737.6 million in the prior-year period, reflecting a decline in volume sold and lower selling prices for petroleum products. The volume of home heating oil and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002590/000117184324002425/0001171843-24-002425-index.htm

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