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]

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][10] - 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 [9] - 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 [7][8] 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 [7] - 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 due to high demand [7][8] 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 [4][7] Company Strategy and Development Direction - The company is focused on improving customer service, managing costs, and enhancing service and installation profitability, while remaining vigilant in addressing challenges and opportunities during the heating season [5][6] - The company completed a small acquisition of a heating oil business and anticipates further opportunities as the heating season progresses [5] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in handling operational challenges posed by persistent cold weather, highlighting employee dedication to customer service [5][14] - While it is early to predict the full fiscal year outcome, the company is prepared to address potential challenges and opportunities [6] 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 [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 their operational capabilities, emphasizing employee commitment to customer service despite challenging conditions [14]

Revenue Growth - Star Group reported a 10.5% increase in total revenue for Q1 fiscal 2026, reaching $539.3 million compared to $488.1 million in Q1 fiscal 2025[2]. - Total revenue increased to $35,790 million from $32,884 million, representing a growth of approximately 8.7% year-over-year[18]. Sales Volume - The volume of home heating oil and propane sold increased by 11.5 million gallons, or 13.9%, totaling 93.9 million gallons in Q1 fiscal 2026[2]. - Home heating oil and propane gallons sold increased to 93,900 from 82,400, reflecting a growth of approximately 13.3%[18]. - Total sales of all products reached 123,800 gallons, up from 113,100 gallons, showing an increase of about 9.5%[18]. Profitability - Net income rose by $2.9 million to $35.8 million, driven by a $16.5 million increase in Adjusted EBITDA, despite a $10.7 million unfavorable change in derivative instruments[3]. - Adjusted EBITDA for Q1 fiscal 2026 was $68.4 million, up from $51.9 million in Q1 fiscal 2025, reflecting a 32% year-over-year increase[4][5]. - Adjusted EBITDA rose to $68,388 million compared to $51,864 million, marking a significant increase of about 31.8%[18]. Weather Impact - The colder temperatures in Star's operational areas were 18.8% colder than the same period last year, contributing to increased demand[5]. - The company experienced a $5.0 million expense related to weather hedge contracts due to colder temperatures, compared to no expense in the prior year[4]. Asset Management - Total current assets increased to $324.8 million as of December 31, 2025, up from $207.3 million at the end of September 2025[14]. - Total assets reached $1.054 billion as of December 31, 2025, compared to $937.3 million at the end of September 2025[14]. - The company’s total partners' capital increased to $321.8 million from $296.8 million in the previous quarter[14]. Cash Flow and Financing - Net cash used in operating activities improved to $(55,182) million from $(64,564) million, indicating a reduction in cash outflow[18]. - Net cash provided by financing activities surged to $55,315 million from $673 million, indicating a strong improvement in financing[18]. - The change in other operating assets and liabilities resulted in a positive cash flow of $39,652 million, up from $21,103 million[18]. Credit Management - The increase in accounts receivables was $(95,827) million, compared to $(81,476) million, highlighting a significant rise in credit sales[18]. - The company experienced a decrease in customer credit balances by $(27,547) million, compared to $(16,199) million, indicating improved credit management[18]. Future Focus - Star Group plans to continue focusing on customer service and profitability in installations and services amid ongoing cold weather conditions[5].

Core Viewpoint - Star Group, L.P. reported strong financial results for the first quarter of fiscal 2026, driven by increased revenue from product sales and service installations, alongside colder temperatures impacting demand for home heating products [2][5]. Financial Performance - Total revenue for the first quarter increased by 10.5% to $539.3 million from $488.1 million year-over-year, attributed to higher product volumes and service revenue [2]. - Net income rose by $2.9 million to $35.8 million, supported by a $16.5 million increase in Adjusted EBITDA, despite challenges from derivative instrument valuations and increased expenses [3][4]. - Adjusted EBITDA reached $68.4 million, up from $51.9 million in the prior year, reflecting a 32% year-over-year increase after accounting for weather-related expenses [4][5]. Operational Highlights - The volume of home heating oil and propane sold increased by 11.5 million gallons, or 13.9%, totaling 93.9 million gallons, influenced by colder temperatures and acquisitions [2]. - Temperatures in operational areas were reported to be 18.8% colder than the same period last year and 6.1% colder than normal, significantly impacting sales [2][5]. Strategic Initiatives - The company emphasized the benefits of recent acquisitions, effective supply management, and the expansion of service and installation initiatives as key contributors to its performance [5]. - Management expressed confidence in maintaining customer service quality and cost control while pursuing profitability in installation and service segments [5]. Balance Sheet Overview - Total assets increased to $1,054.0 million as of December 31, 2025, compared to $937.3 million at the end of the previous fiscal year [13]. - Current liabilities rose to $441.7 million, reflecting increased accounts payable and borrowings under the revolving credit facility [13]. Sales Breakdown - Product sales accounted for $447.983 million, while installations and services contributed $91.273 million to total sales [14]. - The cost of products sold was $268.538 million, with installation and service costs at $85.678 million, leading to an operating income of $54.238 million [14].

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]

Core Viewpoint - Blue Star Gold Corp. has successfully advanced its exploration activities in 2025 and is planning a more extensive exploration program for 2026, focusing on gold and critical mineral targets in the High Lake Belt, Nunavut [1][2]. 2025 Exploration Highlights - The company made significant progress in exploring multiple gold and critical mineral prospects through systematic field programs and targeted drilling [2]. - Key accomplishments include: - Strategic expansion of the Roma Project and staking of the Avalliq Property, which includes several high-potential gold targets such as Silver Bullet with grab samples up to 186.1 g/t Au [3]. - Expansion of the Roma Mineral Exploration Agreement area to include the Sand Lake Prospect, which has a notable intercept of 21.0 m grading 2.71% Cu, 0.17% Zn, 20.84 g/t Ag, and 0.29 g/t Au [3]. - Completion of extensive surface sampling programs yielding multiple high-grade gold results exceeding 100 g/t Au [3]. - Successful drilling at Nutaaq, confirming significant gold mineralization and extending known mineralized trends [3]. - Expansion of exploration target inventory through geophysical surveys and strategic property acquisitions [3]. 2026 Exploration Outlook - The company plans a larger and more focused exploration and drill program in 2026 to advance high-priority gold and critical mineral targets [2][3]. - Key objectives for the 2026 exploration season include: - Completing ground-based geophysical surveys to refine drill targets associated with critical mineral anomalies identified in 2025 [4]. - Drill testing the strongest critical mineral targets and defining drill targets along a 3-kilometre gold-enriched corridor of the Ulu Fold east of the Zebra Prospect [4]. - Conducting the first drill program at the high-potential Auma Prospect and following up on encouraging 2025 drill results at Nutaaq North [4]. - Continuing surface exposure, mapping, and sampling of near-surface mineralization at the Flood Zone Gold Deposit [4]. - Advancing a clear pathway to unlock additional value from the Flood Zone Gold Deposit [4]. Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, controlling over 300 square kilometres of highly prospective mineral properties in the High Lake Greenstone Belt [11]. - The principal assets include the Ulu Gold Project, which hosts the high-grade Flood Zone Gold Deposit, and the Roma Project, with numerous high-priority gold and critical mineral targets [11]. - The projects are strategically located 40-100 km south of the proposed Grays Bay deep-water port, with the planned all-weather Grays Bay Road corridor passing near both the Roma and Ulu Gold Projects [11].