Quarterly ResultMay 6, 2026, 04:24 PM
Star Group Q2 Net Income $108.3M, EPS $2.66; Sales $766.7M
AI Summary
Star Group reported strong financial results for the three and six months ended March 31, 2026. Net income for the second fiscal quarter increased by 26% to $108.3 million, with diluted EPS rising to $2.66. The company also saw a 3.2% increase in total sales for the quarter and authorized an increase in its common unit repurchase plan to 2.1 million units.
Key Highlights
- Net income for Q2 2026 increased 26% to $108.3 million from $85.9 million in Q2 2025.
- Diluted EPS for Q2 2026 rose 32.3% to $2.66 from $2.01 in Q2 2025.
- Total sales for Q2 2026 increased 3.2% to $766.7 million from $743.0 million in Q2 2025.
- Net income for the six months ended March 31, 2026, grew 21.3% to $144.1 million.
- Diluted EPS for the six months ended March 31, 2026, increased 26.8% to $3.55.
- Board authorized an increase in common units available for repurchase to 2.1 million in February 2026.
- Fair value of derivative instruments resulted in a $26.8 million decrease in income for Q2 2026.
- Net cash used in operating activities was $(61.1) million for the six months ended March 31, 2026.