Recent Updates — SGU
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.
The Board of Directors of Kestrel Heat, LLC approved a salary increase for President and CEO Jeffrey M. Woosnam, raising his annual salary from $531,742 to $750,000, effective August 1, 2026. This adjustment was intended to align compensation with market competitive levels and reflect his leadership and performance. Star Group, L.P. is an energy and natural resources company focused on the management and operation of energy assets.
Star Group, L.P. declared a quarterly distribution of $0.1975 per common unit for the fiscal third quarter ended June 30, 2026. The distribution is payable on August 5, 2026, to holders of record as of July 27, 2026. Star Group, L.P. is a home energy distributor and services provider specializing in the sale of home heating products and services.