Highest-materiality recent filing
Star Group Q3 net loss widens to $28M; revenue up 17% on higher prices
Revenue $358.1M (+17.2% YoY) driven by higher selling prices; volume down 9.4% to 32.8M gallons.
Star Group CEO Jeffrey Woosnam gets salary increase to $750,000 effective Aug 1, 2026
CEO Jeffrey M. Woosnam's annual salary increased from $531,742 to $750,000, effective August 1, 2026.
Star Group declares quarterly distribution of $0.1975 per unit for Q3 FY2026
Quarterly distribution of $0.1975 per common unit declared for fiscal Q3 ended June 30, 2026.
Star Group Q2 FY2026 revenue $766.7M (+3.2% YoY), net income $108.3M, Adj. EBITDA $138.7M
Revenue $766.7M, up 3.2% YoY; net income $108.3M, up $22.4M.
Star Group raises quarterly distribution to $0.1975/unit, annual rate now $0.79
Quarterly distribution increased to $0.1975 per common unit from $0.1850 (annual increase of $0.05 to $0.79).
Star Group LP expands buyback authorization to 2.0M common units
Board authorized increase to 2.0M common units for open-market repurchases.
Star Group Q1 fiscal 2026 revenue $539.3M (+10.5%), Adjusted EBITDA $68.4M (+32%)
Revenue $539.3M (+10.5% YoY); net income $35.8M (up $2.9M from prior year).
Star Group declares quarterly distribution of $0.1850 per unit
Quarterly distribution of $0.1850 per common unit declared for fiscal first quarter ended December 31, 2025.
Star Group FY2025 net income $73.5M (+109%); Adjusted EBITDA $136.4M (+22%) on volume growth
FY2025 net income $73.5M vs $35.2M prior year; Adjusted EBITDA $136.4M vs $111.6M (+22.2%).
Star Group declares quarterly distribution of $0.1850 per unit
Quarterly distribution of $0.1850 per common unit for three months ended September 30, 2025.
Star Group Q3 revenue -7.8% to $305.6M; net loss widens to $16.6M
Revenue fell 7.8% to $305.6M; heating oil/propane volume -3.8% to 36.2M gallons.
Star Group declares quarterly distribution of $0.1850 per unit for Q3 fiscal 2025
Distribution of $0.1850 per common unit for the three months ended June 30, 2025.
Star Group purchases 0.7M common units from Bandera Master Fund for ~$8.4M
Purchased 0.7M common units in a private transaction for aggregate consideration of ~$8.4M.
Star Group Q2 revenue $743M (+11.6%), net income $85.9M, Adjusted EBITDA $128.2M
Home heating oil and propane volumes up 22.9% to 143.9M gallons; weather 12.9% colder than prior year.
Star Group raises quarterly distribution 7.2% to $0.1850/unit, annual $0.74
Quarterly distribution raised to $0.1850 from $0.1725 per common unit.
Star Group, L.P. Reports Fiscal 2025 First Quarter Net Income of $32.9M, Revenue of $488.1M
Total revenue decreased 7.6% to $488.1 million for Q1 fiscal 2025 from $528.1 million a year ago, reflecting lower petroleum prices.
Star Group director Henry Babcock retires; board reduced from 8 to 7
Henry D. Babcock, age 84, retired as director and Audit Committee member effective Jan 15, 2025.
Star Group declares quarterly distribution of $0.1725 per common unit
Distribution of $0.1725 per common unit for quarter ended Dec 31, 2024.
Star Group completes $68M acquisition of home energy distributor
Acquisition of a home energy distributor within existing operating footprint for ~$68 million before working capital adjustments.
Star Group acquires home energy distributor for ~$68M; closing within 45 days
Definitive agreement to purchase a home energy distributor for approximately $68 million before working capital adjustments.
Star Group extends deadlines for Project Avalon Acquisition under credit agreement
Consent extends deadline to provide executed Asset Purchase Agreement for Project Avalon from Nov 15 to Dec 18, 2024.
Star Group Q4 net loss widens to $35.1M on $240.3M revenue; full-year Adj. EBITDA up to $111.6M
Q4 revenue fell 10.0% to $240.3M; home heating oil and propane volume down 1.5% to 18.5M gallons.
Star Group declares quarterly distribution of $0.1725 per unit
Distribution of $0.1725 per common unit for fiscal Q4 ended September 30, 2024.
Star Group enters $400M/$475M ABL facility and $210M term loan, maturing Sept 2029
New credit facility provides up to $400M revolving line ($475M Dec-Apr) and a $210M five-year secured term loan.
Star Group Q3 rev $331.6M (+10.5%), net loss improves to $11.0M; announces ~$35M acquisition
Total revenue $331.6M, up 10.5% YoY; home heating oil/propane volume rose 25.3% to 37.7M gallons.
Star Group declares $0.1725/unit quarterly distribution for Q3 fiscal 2024
Quarterly distribution of $0.1725 per common unit for three months ended June 30, 2024.
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.
Star Group increases quarterly distribution to $0.1725 per unit from $0.1625
Quarterly distribution raised to $0.1725 per common unit, a $0.01 (6.2%) increase from $0.1625.
Star Group Q1 revenue down 18.5% to $528M; Adjusted EBITDA flat at $49M
Revenue $528.1M, down 18.5% from $648.2M; heating oil/propane volume fell 10.2% to 80.1M gallons.
Star Group declares quarterly distribution of $0.1625 per unit for Q1 FY2024
Quarterly distribution of $0.1625 per common unit for three months ended December 31, 2023.
Star Group Q4 net loss improves but full-year earnings decline on warm weather
Q4 revenue $266.9M (-10% YoY); net loss $19.7M (improved $30.3M); Adj. EBITDA loss $31.4M.
Star Group declares quarterly distribution of $0.1625 per unit
Distribution for fiscal Q4 ended Sept 30, 2023: $0.1625 per common unit.
Star Group amends credit facility; relaxes fixed charge coverage ratios temporarily
Petro, a Star subsidiary, signed first amendment to Sixth Amended and Restated Credit Agreement on Sept 26, 2023.
Star Group completes ~$18.4M acquisition of Long Island propane business
Acquired a privately-held propane company for approximately $18.4 million on August 9, 2023.
Star Group Q3 revenue falls 31.7% to $300.1M, net loss $23.9M on warm weather
Revenue $300.1M, down 31.7% YoY; net loss $23.9M vs $10.6M prior year.
Star Group declares $0.1625 per unit quarterly distribution for Q3 2023
Quarterly distribution of $0.1625 per common unit for the three months ended June 30, 2023.
Star Group, L.P. increases share repurchase authorization to 2.3 million common units
Board authorized increase of 1.5 million common units, bringing total authorization to 2.3 million.
Star Group Q2 revenue declines 5.7% to $737.6M on record warm weather; net income down $19.3M
Volume of home heating oil/propane fell 18.7% to 121.1M gallons; weather 21.6% warmer than normal, warmest NYC quarter in 123 years.
Star Group increases quarterly distribution to $0.1625 per unit, up from $0.1525
Quarterly distribution raised to $0.1625 per common unit, a 6.6% increase from $0.1525.
Star Group adopts unitholder rights plan (poison pill) with 15% trigger
Distribution of one Right per outstanding unit; record date April 4, 2023; exercise price $60 per unit.
Star Group Q1 revenue $648.2M (+33%); net income down to $13.5M, Adj. EBITDA $49.1M
Revenue $648.2M, up 32.8% YoY on higher selling prices; volume up 2.5% to 89.2M gallons.
Star Group declares quarterly distribution of $0.1525 per unit
Quarterly distribution of $0.1525 per common unit for three months ended Dec 31, 2022.
Star Group reports Q4 net loss of $50.0M; full-year net income falls to $35.3M
Q4 revenue up 25.4% to $296.6M; net loss widened to $50.0M from $23.2M on $35.0M derivative loss.
Star Group declares $0.1525/unit quarterly distribution for Q4 2022
Distribution of $0.1525 per common unit for three months ended September 30, 2022.
Star Group increases share repurchase authorization by 1.25M units to 1.4M total
Board authorized additional 1.25M common units for repurchase, raising total authorization to 1.4M.
Star Group Q3 revenue up 55% to $439M; net loss narrows to $10.6M
Fiscal Q3 revenue $439.1M (+55.1% YoY) on higher selling prices; home heating oil and propane volume up 7.3% to 40.7M gal.
Star Group maintains quarterly distribution at $0.1525 per unit
Quarterly distribution of $0.1525 per common unit declared for fiscal Q3 ended June 30, 2022.
Star Group enters new $400M credit facility with $165M term loan to repay debt
Revolver size of $400M ($550M Dec-Apr); letters of credit up to $25M.
Star Group Q2 revenue up 29.5% to $782.5M, but net income falls to $81.4M; Adjusted EBITDA down $12M
Revenue increased 29.5% to $782.5M driven by higher selling prices; volumes down 5.5% to 148.9M gallons.
Star Group increases quarterly distribution to $0.1525 per unit, up 7% from $0.1425
New quarterly distribution of $0.1525 per common unit, versus $0.1425 previously.
Henry D. Babcock, age 84, a member of the Board of Directors (the “Board”) of Kestrel Heat, LLC, the general partner of Star Group, L.P. (the “Company”), notified the Company of his decision to retire as a director and member of the Audit Committee of the Board effective January 15, 2025.
Max materiality 0.85 · Median 0.53 · Most common event earnings