secwatch.observer — SEC 8-K summary
======================================

Issuer:     STAR GROUP, L.P. (SGU)
CIK:        0001002590
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001171843-24-002425
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002590/000117184324002425/0001171843-24-002425-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002590/000117184324002425/f8k_050124.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-002425

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer