Quarterly ResultAug 5, 2026, 04:34 PM
Star Group Q3 Net Loss Widens to $28.0M; Revenue Up 17.2%
AI Summary
Star Group, L.P. reported a 17.2% increase in total revenue to $358.1 million for its fiscal third quarter ended June 30, 2026, driven by higher selling prices. However, the company's net loss widened to $28.0 million and Adjusted EBITDA loss increased to $17.7 million, primarily due to an unfavorable change in derivative instruments and higher operating expenses, including $6.2 million in insurance-related costs. For the nine months ended June 30, 2026, total revenue rose 8.3% to $1.7 billion, with net income increasing to $116.1 million and Adjusted EBITDA growing to $189.3 million.
Key Highlights
- Q3 2026 total revenue increased 17.2% to $358.1 million.
- Q3 2026 net loss rose to $28.0 million from $16.6 million in prior year.
- Q3 2026 Adjusted EBITDA loss increased to $17.7 million from $10.6 million.
- Home heating oil and propane volume sold in Q3 decreased 9.4% to 32.8 million gallons.
- YTD 2026 total revenue increased 8.3% to $1.7 billion.
- YTD 2026 net income increased to $116.1 million from $102.2 million.
- YTD 2026 Adjusted EBITDA increased to $189.3 million from $169.5 million.
- Company is actively assessing acquisition opportunities and investing in service and installation business.
Price Impact
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