| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 766.72 | 42.2% | 3.2% |
| Total Income | 766.72 | 42.2% | 3.2% |
| Expenditure | 609.53 | 25.7% | 1.3% |
| PBT | 152.77 | 204.6% | 26.6% |
| Net Profit | 108.28 | 202.5% | 26.0% |
| OPM | 20.50% | 10.44pp | 3.63pp |
| NPM | 14.12% | 7.49pp | 2.56pp |
| EPS | — |
Star Group, L.P. Reports Q2 FY26 Revenue Up 3.2% to $766.7 Million
07 May 2026 · 7 May, 2:02 am
Summary
Star Group, L.P. reported a 3.2 percent increase in total revenue to $766.7 million for the fiscal 2026 second quarter, driven by higher heating oil and propane volumes sold. Net income rose by $22.4 million to $108.3 million, primarily due to a favorable change in the fair value of derivative instruments and an increase in Adjusted EBITDA. For the six months ended March 31, 2026, total revenue increased by 6.1 percent to $1.3 billion. According to Jeff Woosnam, the severe weather raised operating expenses, but the company was still able to post Adjusted EBITDA of nearly $139 million.
Key Highlights
- 1
Star Group's total revenue increased by 3.2 percent to $766.7 million for the fiscal 2026 second quarter.
- 2
The volume of home heating oil and propane sold during the fiscal 2026 second quarter rose by 0.4 percent to 144.5 million gallons.
- 3
Net income rose by $22.4 million to $108.3 million in the second quarter.
- 4
Adjusted EBITDA for the second quarter was $138.7 million, up $10.5 million year-over-year.
- 5
For the six months ended March 31, 2026, total revenue increased by 6.1 percent to $1.3 billion.
- 6
The volume of home heating oil and propane sold during the first six months of fiscal 2026 increased by 5.3 percent to 238.4 million gallons.
- 7
Net income for the six months ended March 31, 2026, increased $25.3 million to $144.1 million.
Management Comments
Jeff Woosnam
The second quarter was, in many ways, a continuation of conditions experienced in the first. Colder temperatures were the norm across much of our operating footprint, resulting in slightly higher heating oil and propane volumes sold, but the severe weather – including storms and high snowfall – also raised operating expenses. That said, we were still able to post Adjusted EBITDA of nearly $139 million and kept net customer attrition under 1 percent -- both important accomplishments for the Company. We also closed on one small heating oil acquisition during the quarter. Given the challenges of this past winter, we’re very pleased with how the team performed and are working on continued improvement to our underlying operations in the second half.
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