STAR GROUP, L.P.

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.

Star Group, L.P. reported a net loss of $28.0 million for the fiscal 2026 third quarter, widening from a $16.6 million loss in the prior-year period, despite a 17.2% increase in total revenue to $358.1 million. The quarterly performance was impacted by an unfavorable change in derivative instruments and higher operating expenses, alongside a 9.4% decline in home heating oil and propane volume sold. For the nine months ended June 30, 2026, the company saw net income rise by $13.9 million to $116.1 million on an 8.3% revenue increase to $1.7 billion, driven by higher volumes and margins.

Star Group, L.P. announced that it will release its fiscal 2026 third quarter results after the close of trading on August 5, 2026. Following the release, the company's management team will host a webcast and conference call on August 6, 2026, at 11:00 a.m. Eastern Time to discuss the results for the three months ended June 30, 2026. The webcast will be available on the company's website, and conference call details were provided.

The Board of Directors of Kestrel Heat, LLC, the general partner of Star Group, L.P., approved a salary increase for President and Chief Executive Officer Jeffrey M. Woosnam. Effective August 1, 2026, Mr. Woosnam's annual salary will increase from $531,742 to $750,000. This decision was made to align his compensation with market competitive levels and acknowledge his leadership and performance in achieving the Company's strategic objectives.

Star Group, L.P. announced a quarterly distribution of $0.1975 per common unit for the three months ended June 30, 2026. The distribution will be paid on August 5, 2026, to unitholders of record as of July 27, 2026. Star Group is a leading home energy distributor and services provider in the Northeast and Mid-Atlantic U.S. regions.

Star Group reported a 3.2% increase in total revenue to $766.7 million for the fiscal 2026 second quarter, with net income rising $22.4 million to $108.3 million. Adjusted EBITDA grew by $10.5 million to $138.7 million, driven by higher heating oil and propane volumes due to colder temperatures and acquisitions, despite increased operating expenses from severe weather. For the six months ended March 31, 2026, total revenue increased 6.1% to $1.3 billion, and net income rose $25.3 million to $144.1 million.

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.

Star Group, L.P. announced on April 16, 2026, the declaration of its quarterly distribution on all units. This distribution pertains to the fiscal second quarter which concluded on March 31, 2026. The declaration was made via a press release furnished as an exhibit to this report.

Star Group, L.P. announced an increase in its quarterly distribution for the three months ended March 31, 2026, raising it to $0.1975 per common unit from $0.1850. This represents an annual increase of $0.05, bringing the total annual distribution to $0.79. This marks the 14th consecutive year of annual dividend increases for the company.