Earnings ·
Star Group, L.P. reported financial results for the fiscal third quarter ended June 30, 2026
SGUStar Group, L.P.
Star Group, L.P. reported financial results for the fiscal third quarter ended June 30, 2026. Total revenue increased 17.2% to $358.1 million from $305.6 million in the prior-year period, driven by higher average selling prices reflecting increased wholesale product costs. The volume of home heating oil and propane sold declined 9.4% to 32.8 million gallons due to net customer attrition outweighing acquisition gains and colder temperatures. Net loss widened to $28.0 million from a $16.6 million loss in the prior year, primarily due to an $8.6 million unfavorable change in derivative fair values and higher operating expenses. Year-to-date revenue reached $1.7 billion with net income of $116.1 million. Star Group, L.P. is a home energy distributor and services provider specializing in the sale of heating products and services to residential and commercial customers.