earnings
confidence high
sentiment neutral
materiality 0.75
Star Group Q4 net loss widens to $35.1M on $240.3M revenue; full-year Adj. EBITDA up to $111.6M
STAR GROUP, L.P.
- Q4 revenue fell 10.0% to $240.3M; home heating oil and propane volume down 1.5% to 18.5M gallons.
- Q4 net loss increased $15.4M to $35.1M, driven by a $28.4M unfavorable change in derivative fair value.
- Q4 Adjusted EBITDA loss improved to $29.7M from $31.4M a year ago due to higher per-gallon margins.
- Full year revenue down 9.6% to $1.8B; volume declined 2.2% to 253.4M gallons; temps 15.1% warmer than normal.
- Fiscal 2024 net income rose $3.3M to $35.2M; Adjusted EBITDA increased $14.7M to $111.6M on improved margins.