Shares of Star Group, L.P. Common Unit (SGU) have gained 5.7% since reporting results for the first quarter of fiscal 2026. This compares with the S&P 500 index’s 3.8% decline over the same time frame. Over the past month, the stock has gained 10.4% compared with the S&P 500’s 1.1% return.Earnings & Revenue PerformancesFor first-quarter fiscal 2026 ended Dec. 31, 2025, Star Group reported total revenues of $539.3 million, representing a 10.5% increase from $488.1 million in the year-ago period, driven by hi ...

Financial Data and Key Metrics Changes - Adjusted EBITDA increased by $16.5 million or 32% year-over-year, reaching $68 million, despite a $5 million charge to the weather hedge program [4][9] - Net income rose by $3 million to $36 million, impacted by a $10 million unfavorable non-cash change in the fair value of derivative instruments [8] - Product gross profit increased by $29 million or 19% to approximately $179 million due to higher sales volume and per-gallon margins [6][7] Business Line Data and Key Metrics Changes - Home heating oil and propane volume rose by 11.5 million gallons or 14% to approximately 94 million gallons, driven by acquisitions and colder temperatures [6] - Gross profit from service and installations was $5.6 million, down from $6.9 million year-over-year, with installation gross profit increasing by $1.4 million but service gross profit loss increasing by $2.7 million [7] Market Data and Key Metrics Changes - Temperatures in the operational areas were 19% colder than the same period last year and 6% colder than normal, significantly impacting demand and operational challenges [4][6] Company Strategy and Development Direction - The company is focused on improving efficiency, operational execution, and maintaining service and installation profitability while managing costs [4][6] - The company anticipates new acquisition opportunities as it approaches spring, despite a slight lull in prospect activity during the busy heating season [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in handling operational challenges due to persistent cold weather, highlighting employee dedication to customer service [5][14] - The company remains vigilant in providing excellent customer service and controlling costs while preparing for potential challenges in the heating season [6] Other Important Information - A $5 million non-cash charge was recorded related to the change in the fair value of derivative instruments, contrasting with a $5 million credit in the previous year [8] Q&A Session Summary Question: Commentary on operational performance given the persistent cold weather - Management noted that January was colder than normal and expressed confidence in the company's ability to manage operational challenges, emphasizing employee commitment to customer service [12][14]

Financial Data and Key Metrics Changes - Fiscal 2026 started positively with adjusted EBITDA increasing by $16.5 million or 32% year-over-year, net of a $5 million charge to the weather hedge program [4][9] - Net income rose by $3 million to $36 million, despite a $10 million unfavorable non-cash change in the fair value of derivative instruments [8] - Product gross profit increased by $29 million or 19% to approximately $179 million due to higher home heating oil and propane volume sold and improved per-gallon margins [6][7] Business Line Data and Key Metrics Changes - Home heating oil and propane volume rose by 11.5 million gallons or 14% to approximately 94 million gallons, driven by acquisitions and colder temperatures [6] - Gross profit from service and installations was $5.6 million, down from $6.9 million in the prior year, with installation gross profit increasing by $1.4 million but service gross profit loss increasing by $2.7 million [7] Market Data and Key Metrics Changes - Temperatures in the operational areas were 19% colder than the same period last year and 6% colder than normal, significantly impacting demand and operational performance [6][4] Company Strategy and Development Direction - The company remains focused on providing excellent customer service, managing costs, and growing service and installation profitability [5] - Despite not closing any acquisitions in the first quarter, the company completed a purchase of a small heating oil business shortly after the quarter ended, indicating ongoing strategic growth efforts [5] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in handling operational challenges due to persistent cold weather, highlighting employee dedication and service quality [4][14] - The company is prepared to address challenges and opportunities in the remainder of the heating season, with a strong operational forecast [6][14] Other Important Information - Delivery, branch, and G&A expenses rose by $11 million compared to the prior year, with $5 million attributed to weather hedge contracts and $3.8 million due to increased delivery expenses [7] Q&A Session Summary Question: Commentary on operational performance in the second quarter given persistent cold weather - Management noted that January was colder than normal and February is starting similarly, with strong forecasts ahead. They acknowledged the challenges but expressed confidence in their operational capabilities and employee performance [12][14]

Star Group (NYSE:SGU) Q1 2026 Earnings call February 05, 2026 11:00 AM ET Speaker2Good day and welcome to the Star Group Fiscal 2026 first quarter results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on your telephone keypad. To withdraw your question, please press st ...

EXHIBIT 99.1 Star Group, L.P. Reports Fiscal 2026 First Quarter Results For the fiscal 2026 first quarter, Star reported a 10.5 percent increase in total revenue to $539.3 million compared with $488.1 million in the prior-year period, reflecting higher product volumes and an increase in service and installation revenue. The volume of home heating oil and propane sold during the fiscal 2026 first quarter rose by 11.5 million gallons, or 13.9 percent, to 93.9 million gallons, as the additional volume provided ...

STAMFORD, Conn., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today filed its fiscal 2026 quarterly report on Form 10-Q with the SEC and announced financial results for its fiscal 2026 first quarter, the three months ended December 31, 2025. Three Months Ended December 31, 2025 Compared to the Three Months Ended December 31, 2024For the fiscal 2026 first quarter, Star reported a 10.5 percent increase in total revenu ...

Financial Performance - Total sales for the three months ended December 31, 2025, increased to $539,256,000, up 10.5% from $488,063,000 in the same period of 2024[12] - Net income for the three months ended December 31, 2025, was $35,790,000, representing a 8.6% increase compared to $32,884,000 in 2024[16] - Basic and diluted income per Limited Partner Unit rose to $0.89, up from $0.79 in the prior year, reflecting a 12.7% increase[12] - Operating income for the three months ended December 31, 2025, was $54,238,000, a 10.3% increase from $49,219,000 in 2024[12] - Total comprehensive income for the three months ended December 31, 2025, was $36,077,000, up from $33,624,000 in 2024, reflecting a 7.3% increase[16] - Adjusted EBITDA for the three months ended December 31, 2025, was $68,388,000, representing a 31.7% increase from $51,864,000 in 2024[93] - Net income for the three months ended December 31, 2025, increased by $2.9 million to $35.8 million, primarily due to a $16.5 million increase in Adjusted EBITDA[143] Assets and Liabilities - Total current assets increased to $324,816,000 as of December 31, 2025, compared to $207,281,000 as of September 30, 2025, marking a 56.5% growth[10] - Total liabilities increased to $732,663,000 as of December 31, 2025, up from $516,351,000 as of September 30, 2025, indicating a 41.9% rise[10] - Cash and cash equivalents decreased to $19,857,000 from $24,683,000, a decline of 19.5%[10] - The company reported an increase in receivables to $198,210,000, up from $102,119,000, which is an increase of 94.2%[10] - Total inventory increased to $69,559,000 as of December 31, 2025, compared to $47,022,000 as of September 30, 2025, representing a 47.8% increase[68] - The Company reported total debt of $254,808,000 as of December 31, 2025, compared to $188,118,000 as of September 30, 2025, indicating a significant increase in leverage[72] Revenue Sources - Revenue from home heating oil and propane was $372.6 million, up 15.4% from $322.8 million in the prior year[44] - For the three months ended December 31, 2025, retail volume of home heating oil and propane sold increased by 11.5 million gallons, or 13.9%, to 93.9 million gallons compared to 82.4 million gallons for the same period in 2024[123] - Product sales increased by $48.5 million, or 12.1%, to $448.0 million for the three months ended December 31, 2025, driven by a 9.4% increase in total volume sold and higher average selling prices[124] - Installation and service revenue rose by $2.7 million, or 3.0%, to $91.3 million for the three months ended December 31, 2025, supported by recent acquisitions and expanded service offerings[125] Expenses and Costs - Cost of product increased by $19.8 million, or 8.0%, to $268.5 million for the three months ended December 31, 2025, due to a 9.4% increase in total volume sold, partially offset by a decrease in wholesale product cost of $0.0290 per gallon, or 1.3%[126] - Delivery and branch expenses increased by $10.6 million, or 10.7%, to $109.9 million for the three months ended December 31, 2025, influenced by colder weather and recent acquisitions[135] - Service expense increased by $3.6 million, or 7.0%, to $55.0 million for the three months ended December 31, 2025, representing 106.5% of service sales[130] Cash Flow and Financing - The company experienced a net cash used in operating activities of $55,182,000 for the three months ended December 31, 2025, compared to $64,564,000 in 2024[21] - The company repaid $5.3 million of its term loan and borrowed $71.9 million under its revolving credit facility during the three months ended December 31, 2025[154] - Availability under the revolving credit facility was $168,600,000 as of December 31, 2025, indicating compliance with financial covenants[81] - The company expects to pay $15.8 million for the remainder of fiscal 2026 for its term loan, which is repayable in quarterly payments of $5.3 million[159] Risk Management and Derivatives - The company has utilized weather hedge contracts with a maximum potential payout of $15.0 million for fiscal years 2026 and 2025[34] - The company held derivative instruments totaling 14.5 million gallons of swap contracts and 5.3 million gallons of call options to hedge against heating oil price fluctuations[58] - The company has interest rate swap agreements covering $73.6 million, or 40%, of its long-term debt, with a fair value of $(0.6 million) as of December 31, 2025[60] - A hypothetical 10% increase in product costs would increase the fair market value of outstanding derivatives by $6.8 million, while a 10% decrease would decrease it by $3.9 million[171] Corporate Governance and Compliance - The company believes that its controls system provides reasonable assurance of achieving control objectives, as concluded by the CEO and CFO as of December 31, 2025[176] - Management opines that there are no ongoing litigations that could materially affect the company's operations, financial position, or liquidity[178] - There have been no material changes to the risk factors affecting the company's business since the last Form 10-K report[180] - The company has not adopted or terminated any trading plans during the quarter ended December 31, 2025[186]

Core Insights - Star Copper Corp has completed its reconnaissance field program at the Copperline Property, confirming historic copper-silver mineralization and submitting a drill permit for 2026 [1][2] Group 1: Company Overview - Star Copper Corp is focused on critical mineral exploration and development, particularly in high-grade copper assets in British Columbia [1] - The Copperline Property consists of eight mineral claims totaling approximately 4,502 hectares, located near Skutsil Knob in British Columbia [1] Group 2: Field Program Highlights - The inaugural reconnaissance field program confirmed visible copper mineralization at the historic Beaman Adit, with four rock grab samples collected [1] - Infill soil sampling was completed to test extensions of known geochemical anomalies, with results pending [1][2] - The 2023 soil sampling program returned highly anomalous copper values, including results of 449 ppm Cu and 463 ppm Cu, with anomalies remaining open to the east and south [1][2] Group 3: Mineralization and Geological Insights - The Copperline Property hosts volcanic redbed copper-silver mineralization, with geological similarities to the Sustut copper deposit [1] - Mineralization consists of disseminated and stringer bornite, tetrahedrite, chalcopyrite, and chalcocite, hosted within calc-alkaline volcanics of the Lower Jurassic Telkwa Formation [1] - Historic drill intercepts from 1973-74 reported significant copper and silver grades, including 2.54% Cu and 450.4 g/t Ag [1][2] Group 4: Future Exploration Potential - Several historically recommended exploration activities remain untested, including an IP geophysical survey and drilling at priority targets such as the West Zone and Dave's Zone [2] - The historic mineral inventory estimate of approximately 900,000 tonnes grading 2% Cu and 48 g/t Ag is included for informational purposes only and has not been verified [2]

Core Viewpoint - Star Copper Corp. has announced the grant of various incentive awards to its directors, officers, and consultants under its equity incentive plan, indicating a commitment to align interests and incentivize performance [1] Group 1: Incentive Awards Details - The company granted a total of 3,400,000 restricted share units (RSUs), 500,000 stock options, and 500,000 performance share units (PSUs) as part of its incentive awards [1] - All 3,400,000 RSUs will vest over a period of three years, with one third vesting on each of the one, two, and three-year anniversaries from the date of grant [1]

Company Overview - Star Group, L.P. is a leading home energy distributor and services provider, specializing in the sale of home heating products and services to residential and commercial customers [3] - The company is recognized as the nation's largest retail distributor of home heating oil based on sales volume, serving customers primarily in the Northeast and Mid-Atlantic U.S. regions [3] Upcoming Financial Results - Star Group will release its fiscal 2026 first quarter results after the close of trading on February 4, 2026 [1] - A webcast and conference call will be hosted by the management team on February 5, 2026, at 11:00 a.m. Eastern Time to review the results for the three months ended December 31, 2025 [1][2] Contact Information - For investor relations, Star Group can be contacted at 203/328-7310, and Chris Witty from Darrow Associates, Inc. is available at 646/438-9385 or via email at cwitty@darrowir.com [5]