Star Group FY26 Q2 net income rises 26.1% to $108.3 million
Star Group LP
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- Star Group posted fiscal second-quarter net income of USD 108.3 million, up 26.1%, as product sales climbed 3.7% to USD 689.8 million.
- Adjusted EBITDA rose 8.2% to USD 138.7 million, while home heating oil and propane per-gallon margins increased 7.3% to USD 1.84.
- Cash used in operating activities widened to USD 61.1 million for the six months ended March 31, 2026, from USD 16 million, on higher accounts receivable and increased cash collateral posted for inventory hedges.
- Wholesale price volatility jumped after a Feb. 28, 2026 U.S.-Israel operation against Iran, with NYMEX home heating oil rising from USD 2.67 per gallon on Feb. 27 to a March 20 peak of USD 4.61.
- Management warned price-protected customer renewals could face pressure as April 30 NYMEX home heating oil stood at USD 4.14 per gallon, about USD 2.10 higher than a year earlier.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Star Group LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-209012), on May 06, 2026, and is solely responsible for the information contained therein.
