Core Insights - Star Copper Corp. has successfully raised over $17 million for its operations [1] - The company drilled a total of 4,900 meters in two phases, testing two new targets, with 11 holes still pending assay results [1] - The first three holes from the drilling program have been released, showcasing initial results [1] - The company's permit has been extended to 2028, allowing for continued exploration activities [1] - Remediation of the work camp and airstrip has been completed, enhancing operational readiness [1] - Achievements in 2025 were supported by extensive records indicating $10 million in historic drilling [1]

Financial Performance - For fiscal 2025, Star reported total revenue of $1.8 billion, a modest increase of approximately 1.0% compared to fiscal 2024, driven by higher volumes sold and increased sales of installations and services [2]. - Star's net income for fiscal 2025 rose by $38.3 million to $73.5 million, primarily due to a favorable change in the fair value of derivative instruments and higher Adjusted EBITDA [3]. - Adjusted EBITDA increased by $24.8 million, or 22.2%, to $136.4 million, driven by higher margins and increased volume sold [4]. - In the fourth quarter of fiscal 2025, total revenue increased by 3.1% to $247.7 million, reflecting higher sales of installations and services [6]. - Total sales for Q3 2025 reached $247.7 million, a 3.5% increase from $240.3 million in Q3 2024 [18]. - Total sales for the twelve months ended September 30, 2025, were $1.78 billion, slightly up from $1.77 billion in the previous year [18]. - EBITDA for the twelve months ended September 30, 2025, was $153.6 million, up 65.9% from $92.6 million in the previous year [23]. Sales Volume - The volume of home heating oil and propane sold increased by 29.2 million gallons, or 11.5%, to 282.6 million gallons, attributed to colder temperatures and acquisitions [2]. - The volume of home heating oil and propane sold in the fourth quarter rose by 1.5 million gallons, or 8.1%, to 20.0 million gallons [6]. - Home heating oil and propane gallons sold in Q3 2025 totaled 20,000, an increase from 18,500 gallons sold in Q3 2024 [21]. Operational Challenges - The fourth quarter Adjusted EBITDA loss was $33.0 million, compared to a loss of $29.7 million in the prior year, due to higher operating expenses and lower margins [8]. - Adjusted EBITDA for Q3 2025 was $(33.0) million, compared to $(29.7) million in Q3 2024, indicating a decline in operational performance [21]. - Net loss for Q3 2025 was $28.7 million, compared to a net loss of $35.1 million in Q3 2024, representing an 18.5% improvement [21]. - The company experienced a net interest expense of $3.2 million in Q3 2025, compared to $1.8 million in Q3 2024, reflecting increased borrowing costs [21]. Strategic Initiatives - Star completed a significant acquisition earlier in the year and maintained disciplined margin management, contributing to overall performance improvements [5]. - The company aims to continue growing and diversifying through further acquisitions and maximizing installation and service profitability [5]. - Star's management expressed optimism about future opportunities to enhance organizational performance in fiscal 2026 [5]. Cash Flow and Costs - Net cash provided by operating activities for the twelve months ended September 30, 2025, was $70.9 million, a decrease from $111.0 million in the previous year [23]. - The cost of product for Q3 2025 was $112.2 million, a slight decrease from $113.8 million in Q3 2024 [18]. - The company reported a weighted average of 33,616 Limited Partner units outstanding for Q3 2025, down from 34,686 units in Q3 2024 [19].

Core Insights - Star Group, L.P. reported a modest revenue increase of approximately 1.0 percent for fiscal year 2025, totaling $1.8 billion, driven by higher volumes sold and increased sales of installations and services, despite a decline in selling prices due to lower wholesale product costs [2][3] - The company experienced a significant increase in net income, rising by $38.3 million to $73.5 million, primarily due to favorable changes in derivative instruments and higher Adjusted EBITDA [3][4] - Adjusted EBITDA for fiscal 2025 increased by 22.2 percent to $136.4 million, attributed to improved margins and higher sales volumes, despite increased expenses related to weather hedge contracts [4][5] Financial Performance - For the fiscal year ended September 30, 2025, total revenue was $1.8 billion, reflecting a 1.0 percent increase from the previous year [2] - The volume of home heating oil and propane sold increased by 29.2 million gallons, or 11.5 percent, to 282.6 million gallons, aided by colder temperatures and acquisitions [2] - Net income for fiscal 2025 was $73.5 million, up from $35.2 million in fiscal 2024, marking a significant year-over-year improvement [3][26] - Adjusted EBITDA rose by $24.8 million, or 22.2 percent, to $136.4 million, driven by increased margins and sales volumes [4][26] Quarterly Performance - In the fourth quarter of fiscal 2025, total revenue increased by 3.1 percent to $247.7 million compared to $240.3 million in the prior-year period [6] - The volume of home heating oil and propane sold in the fourth quarter rose by 1.5 million gallons, or 8.1 percent, to 20.0 million gallons [6] - The company reported a fourth quarter Adjusted EBITDA loss of $33.0 million, compared to a loss of $29.7 million in the same quarter of the previous year [8] Operational Highlights - The company completed a significant acquisition during the fiscal year and maintained disciplined margin management while keeping overhead expenses in check [5] - Revenue from installation and service offerings grew nearly 10 percent over fiscal 2024, contributing to overall revenue growth [5] - Star Group aims to continue diversifying its operations through further acquisitions and maximizing profitability in installations and services [5]

Core Insights - Kia PV5 Cargo has achieved a five-star rating in the 2025 Euro NCAP Commercial Van Safety assessment, highlighting its leadership in safe electric mobility for commercial customers in Europe [1][2]. Performance Evaluation - The PV5 Cargo demonstrated strong performance in key evaluation areas: occupant protection, safety assist & crash avoidance, and post-crash safety [2][5]. - The model's safety technologies include standard Autonomous Emergency Braking (AEB) with Forward Collision Warning (FCW), which effectively detects pedestrians, cyclists, and other vehicles [3][5]. Advanced Safety Features - The Lane Support System (LSS) received praise for its effective steering corrections to prevent unintended road departure, with overall performance rated as "good" [4]. - The Speed Assistance System (SAS) utilizes digital maps and a forward-facing camera to identify local speed limits, aiding in speed management [4][5]. - A standard seatbelt reminder for both front seats enhances safety compliance [4]. Recognition and Awards - The PV5 Cargo's five-star rating follows a series of accolades, including the 2026 International Van of the Year (IVOTY) and the 2026 Top Gear Awards [5].

Customer Base and Sales - As of September 30, 2025, Star Group sold home heating oil and propane to approximately 406,400 full-service residential and commercial customers, with 59% located in New York, New Jersey, and Connecticut[19]. - Total sales during fiscal 2025 were comprised of approximately 63% from home heating oil and propane, 18% from other petroleum products, and 19% from installation and repair services[19]. - Star Group is the largest retail distributor of home heating oil in the U.S., with a market share exceeding 5.5%[19]. - The company has approximately 93% of its full-service residential and commercial customers receiving automatic deliveries based on weather conditions[21]. - Approximately 25% of residential customers utilize the "smart pay" budget payment plan for their heating oil and propane deliveries[21]. - As of September 30, 2025, 67.7% of residential home heating oil and propane customers are on variable pricing programs, up from 62.5% in 2024[42]. - The company experienced net customer attrition of (4.7%) in fiscal year 2025, compared to (4.2%) in fiscal year 2024, indicating a trend of increasing customer losses[90]. - Gross customer gains decreased from 12.0% in fiscal year 2023 to 8.8% in fiscal year 2025, while gross customer losses increased from 15.6% to 13.5% in the same period[90]. - Customer losses to natural gas and electricity conversions were estimated at (1.3%) in fiscal year 2025, slightly improved from (1.4%) in fiscal year 2024[98]. - Approximately 80% of annual volume sold occurs during the peak heating season from October through March, making the company vulnerable to warm winters[102]. Financial Performance - Net income for fiscal 2025 increased by $38.3 million, or 108.7%, to $73.5 million, influenced by a favorable change in the fair value of derivative instruments and an increase in Adjusted EBITDA[207]. - For fiscal 2025, Adjusted EBITDA increased by $24.8 million, or 22.2%, to $136.4 million compared to fiscal 2024[208]. - The increase in Adjusted EBITDA in the base business was driven by an $18.5 million increase, attributed to higher home heating oil and propane per gallon margins[208]. - Recent acquisitions contributed an additional $16.9 million to Adjusted EBITDA, partially offset by a $10.6 million increase in expenses related to weather hedge contracts[208]. - Product sales decreased by $11.2 million, or 0.8%, to $1,437.6 million in fiscal 2025, primarily due to a decrease in average selling prices[188]. - Installation and service sales increased by $29.5 million, or 9.3%, to $346.8 million in fiscal 2025, driven by $22.6 million from recent acquisitions[190]. - Total product gross profit increased by $57.2 million, or 12.2%, to $525.2 million in fiscal 2025, due to higher home heating oil and propane volume sold and increased margins[193]. - The cost of product decreased by $68.4 million, or 7.0%, to $912.4 million in fiscal 2025, attributed to a decrease in wholesale product cost[191]. - Delivery and branch expenses increased by $34.4 million to $400.8 million in fiscal 2025, driven by colder temperatures and expenses from recent acquisitions[199]. - Net interest expense rose by $2.7 million, or 23.9%, to $14.3 million in fiscal 2025, due to an increase in average borrowings[203]. Acquisitions and Growth Strategy - The company acquired one heating oil business and three propane businesses for approximately $80.5 million in cash during fiscal 2025[52]. - During fiscal 2024, the company acquired one propane business and four heating oil businesses for approximately $49.4 million in cash[53]. - Star Group's business strategy includes pursuing select acquisitions to grow its customer base and enhance operations[29]. Regulatory and Environmental Challenges - The New York State Climate Leadership and Community Protection Act aims to reduce GHG emissions to 60% of 1990 levels by 2030[61]. - The Fossil Fuel Ban in New York will prohibit the installation of fossil-fuel equipment in new buildings starting December 31, 2025[63]. - The company is facing legal challenges regarding the Fossil Fuel Ban, with a lawsuit filed on October 12, 2023, seeking to declare it invalid based on federal preemption by the Energy Policy and Conservation Act[65]. - Proposed regulations in Massachusetts could require heating energy suppliers to convert approximately 3% of their customers to electric heat each year, potentially impacting the company's operations negatively[66]. - The Massachusetts Department of Environmental Protection finalized amendments to the Greenhouse Gas Emissions Regulation, extending registration deadlines for GHG emissions reporting to January 31, 2025, and June 2, 2025, respectively[68]. - Starting July 1, 2025, the minimum biodiesel blending requirement will increase from 5% to 10% in New York and Connecticut, and from 10% to 20% in Rhode Island, which may affect wholesale product costs[70]. - The company is subject to various environmental and safety regulations, including the Clean Air Act and the Resource Conservation and Recovery Act, which impose limitations on pollutant emissions[71]. - The company has incurred costs for soil and groundwater contamination remediation at some locations, although no material issues have arisen with prior owners regarding these obligations[72]. - The company is subject to various federal, state, and local environmental regulations that could increase operational costs due to stricter pollution control requirements[107]. Risks and Market Conditions - Fluctuations in wholesale product costs can adversely affect the company's financial condition, as profitability is sensitive to changes in supply costs and market conditions[75]. - High wholesale product prices can lead to customer conservation and attrition, impacting demand and potentially resulting in reduced profit margins[76]. - Constraints in physical product supplies could negatively impact the company's ability to deliver products, leading to increased costs and potential reputational damage[80]. - The company's hedging strategy may affect liquidity due to cash margin deposits and mark-to-market maintenance margins required for derivatives and futures contracts[84]. - The company faces risks related to customer attrition due to competition and demand for alternative energy products, which could materially affect operating results[94]. - The company’s risk management policies cannot eliminate all commodity price risks, leading to potential financial losses[86]. - Economic conditions, including inflation and recession, may adversely affect customer spending and demand for products[135]. - The company is monitoring the economic effects of a 10% baseline tariff on certain imported products, which could affect costs and availability of assets[171]. Employee and Labor Relations - The company had 3,024 employees as of September 30, 2025, with 40% represented by collective bargaining agreements[58]. - Approximately 40% of the company's employees are covered under 64 different collective bargaining agreements, which may lead to potential labor actions[113]. Cybersecurity and IT Risks - The company experienced a security incident in July 2021, resulting in the encryption of certain IT systems, but it did not materially affect business operations[110]. - The company faces risks related to cybersecurity, including potential future attacks that could disrupt operations and harm financial results[111]. - The company has implemented a cybersecurity program aligned with industry standards to manage risks[138]. - The Board of Directors oversees key risks, including cybersecurity, with quarterly updates from the IT department[144]. Financial Obligations and Credit Facilities - The company has a total of $210 million in senior secured term loans and a $400 million revolving credit facility, both due September 27, 2029[18]. - The company has a $189.0 million term loan outstanding under its revolving credit facility as of September 30, 2025, with availability of $165.0 million[123]. - During the fiscal 2025 heating season, borrowings under the revolver peaked at $75.4 million[123]. - The credit agreement requires maintaining availability of at least $25.7 million or $40 million on a historical pro forma basis[156]. - The company's credit agreement contains covenants that may limit operational flexibility and ability to incur additional debt[126]. Tax and Depreciation - The effective income tax rate increased from 27.5% in fiscal 2024 to 28.6% in fiscal 2025, contributing to a $16.1 million increase in income tax expense[206]. - The new federal income tax legislation reinstated 100% bonus depreciation on fixed assets acquired after January 19, 2025, which may impact cash flow[163]. - The estimated depreciation and amortization expense for fiscal 2025 is $36,420,000 for book purposes and $56,078,000 for tax purposes[165].

Core Insights - inGroup International participated in the launch of Princess Cruises' new Sphere-class ship, Star Princess, from November 7-10, 2025, highlighting the strong partnership between the two companies [1][3][4] Company Overview - Star Princess is the second ship in Princess Cruises' Sphere-class, representing a new generation of cruise design with enhanced dining, entertainment, and hospitality features [2] - Princess Cruises is recognized as a leading name in premium cruising, known for delivering exceptional travel experiences and maintaining a strong global presence [3][7] Partnership and Collaboration - The collaboration between inGroup and Princess Cruises aims to provide unparalleled travel access and value to members, with both companies committed to enhancing guest experiences [3][4] - inGroup's participation in the inaugural sailing allows for a better understanding of the new features and experiences that members will enjoy, reinforcing the partnership [4] inGroup International and inCruises - inCruises, a division of inGroup International, is the largest subscription-based travel club globally, having booked over 630,000 guests since its launch in 2016, offering nearly 200,000 travel options [5] - The company emphasizes its commitment to being a positive global corporate citizen, supporting humanitarian efforts alongside its business operations [6] Princess Cruises' Offerings - Princess Cruises provides a wide range of luxurious experiences, including well-appointed staterooms, world-class dining, and various entertainment options across numerous sought-after destinations [7] - Star Princess, launched in October 2025, is noted for its innovative features and is a sister ship to the award-winning Sun Princess [7]

Mary Macleod's Shortbread Named Toronto's Favourite Holiday Cookie in Toronto Star's "Rumble in the Crumble" VoteDecember 05, 2025 11:51 AM EST | Source: Mary Macleod's ShortbreadToronto, Ontario--(Newsfile Corp. - December 5, 2025) - Mary Macleod's Shortbread announced today that it has been recognized as Toronto's favourite holiday cookie following the final results of the Toronto Star's "Rumble in the Crumble" competition. The reader-driven contest invited the public to vote for their prefe ...

Core Viewpoint - Lone Star Funds has signed a definitive agreement to sell SPX FLOW, Inc. to ITT Inc. for $4.775 billion in cash and stock, marking a significant transaction in the industrial and process technology sectors [1][4]. Company Overview - SPX FLOW, based in Charlotte, N.C., specializes in process technologies that include mixing, blending, fluid handling, separation, and thermal heat transfer, serving industrial, health, and nutrition markets [2]. - The company operates in over 25 countries and has sales in more than 140 countries, indicating a strong global presence [2]. Strategic Developments - Under Lone Star's ownership, SPX FLOW has focused on enhancing sales execution and operational efficiency, while prioritizing high-quality and innovative product development [3]. - The management team has successfully improved the commercial organization and executed growth initiatives, targeting new geographies and industries for expansion [3]. Transaction Details - The sale is seen as the culmination of efforts to streamline SPX FLOW's portfolio and enhance its business operations [4]. - The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of Q1 2026 [4]. Advisory Information - Citi and Jefferies LLC are serving as financial advisors to Lone Star in this transaction [5].

PORTLAND, Ore.--(BUSINESS WIRE)--Columbia Sportswear unveils The Endorâ"¢ Collection, its largest special-edition Star Warsâ"¢-inspired release to date. ...

STAMFORD, Conn., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Star Group, L.P. (the “Company” or “Star”) (NYSE: SGU), a leading home energy distributor and services provider, today announced that it will release its fiscal 2025 fourth quarter results after the close of trading on December 8, 2025. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, December 9, 2025, to review the three and twelve months ended September 30, 2025. The webcast will be ac ...