earnings
confidence high
sentiment positive
materiality 0.70
Star Group Q3 rev $331.6M (+10.5%), net loss improves to $11.0M; announces ~$35M acquisition
STAR GROUP, L.P.
- Total revenue $331.6M, up 10.5% YoY; home heating oil/propane volume rose 25.3% to 37.7M gallons.
- Net loss narrowed to $11.0M from $23.9M; Adjusted EBITDA loss improved to $4.1M from $22.9M.
- Definitive agreement to acquire a fuel oil dealer for ~$35M (~19M gallons annually); closing expected in Q4.
- Nine-month revenue $1.5B (-9.5% YoY); net income $70.3M (+$18.6M); Adjusted EBITDA $141.3M (+$13.0M).