Star Group(SGU)

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Star Group Q2 Earnings Rise Y/Y on Cold Weather, Acquisition Boost
ZACKS· 2025-05-12 18:20
Shares of Star Group, L.P. (SGU) have declined 3.5% since reporting results for the second quarter of fiscal 2025. This compares with the S&P 500 index’s 0.5% rally over the same time frame. Over the past month, the stock has gained 21.4% compared with the S&P 500’s 9.7% rise.Earnings & Revenue Growth on Colder Winter & AcquisitionsFor the fiscal second quarter ended March 31, 2025, Star Group reported total revenues of $743 million, up 11.6% from $666 million a year earlier. This growth was driven by a 22. ...
CSE Bulletin: Notice of Distribution - Star Copper Corp. (STCU)
Newsfile· 2025-05-08 20:12
Toronto, Ontario--(Newsfile Corp. - Le 8 mai/May 2025) - Star Copper Corp. (“Star Copper” or the “Company”) has announced that, further to its news release dated May 6, 2025, the previously announced plan of arrangement (the “Arrangement”) will become effective on May 9, 2025 (the “Effective Date”). Star Copper shareholders of record as at the close of business on May 8, 2025 (the “Shareholders”) will receive, for each existing common share of the Company held immediately prior to the Effective Date: (i) ...
Star Group(SGU) - 2025 Q2 - Earnings Call Transcript
2025-05-08 16:02
Star Group (SGU) Q2 2025 Earnings Call May 08, 2025 11:00 AM ET Company Participants Chris Witty - Managing DirectorJeff Woosnam - President and CEORichard Ambury - CFO, Executive VP, Treasurer & Secretary of Kestrel Heat, LLCTimothy Mullen - Founder Conference Call Participants Michael Prouting - Equity Analyst Operator Good day, and welcome to the Star Group Fiscal twenty twenty five Second Quarter Results Conference Call. All participants will be in a listen only mode. Please note this event is being rec ...
Star Group(SGU) - 2025 Q2 - Earnings Call Transcript
2025-05-08 16:00
Star Group (SGU) Q2 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good day, and welcome to the Star Group Fiscal twenty twenty five Second Quarter Results Conference Call. All participants will be in a listen only mode. Please note this event is being recorded. I would now like to turn the conference over to Chris Witty, Investor Relations Advisors. Please go ahead. Speaker1 Thank you, and good morning. With me on the call today are Jeff Woosnam, President and Chief Executive Officer and Rich Ambury, ...
Star Group(SGU) - 2025 Q2 - Quarterly Results
2025-05-07 20:30
EXHIBIT 99.1 Star Group, L.P. Reports Fiscal 2025 Second Quarter Results STAMFORD, Conn., May 07, 2025 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today announced financial results for its fiscal 2025 second quarter, the three month period ended March 31, 2025. Star's net income increased by $17.5 million in the quarter, to $85.9 million, as a $31.9 million increase in Adjusted EBITDA was partially offset by a $6.9 million great ...
Star Group, L.P. Reports Fiscal 2025 Second Quarter Results
GlobeNewswire· 2025-05-07 20:30
STAMFORD, Conn., May 07, 2025 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today announced financial results for its fiscal 2025 second quarter, the three month period ended March 31, 2025. Three Months Ended March 31, 2025 Compared to the Three Months Ended March 31, 2024For the fiscal 2025 second quarter, Star reported an 11.6 percent increase in total revenue to $743.0 million compared with $666.0 million in the prior-year per ...
Star Group(SGU) - 2025 Q2 - Quarterly Report
2025-05-07 20:15
Financial Performance - Total sales for the three months ended March 31, 2025, increased to $743,045,000, up 11.6% from $666,032,000 in the same period of 2024[12]. - Net income for the three months ended March 31, 2025, was $85,911,000, representing a 25.7% increase compared to $68,374,000 in the prior year[16]. - Basic and diluted income per Limited Partner Unit rose to $2.01 for the three months ended March 31, 2025, compared to $1.56 for the same period in 2024, marking a 28.8% increase[12]. - Operating income for the six months ended March 31, 2025, was $174,591,000, a significant increase from $121,952,000 in the same period of 2024, representing a 43.1% growth[12]. - Net income for the six months ended March 31, 2025, was $118.8 million, a 46% increase compared to $81.4 million for the same period in 2024[24]. - For the three months ended March 31, 2025, net income increased by $17.5 million to $85.9 million, primarily due to a $31.9 million increase in Adjusted EBITDA[143]. - Adjusted EBITDA for the same period increased by $31.9 million to $128.2 million, driven by recent acquisitions and higher margins in home heating oil and propane[144]. - For the six months ended March 31, 2025, total product gross profit was $408.9 million, an increase of $57.8 million or 16.5% compared to the same period in 2024, driven by higher home heating oil and propane volume sold and improved margins[153]. Assets and Liabilities - Total current assets increased to $330,807,000 as of March 31, 2025, up 17.5% from $281,469,000 as of September 30, 2024[10]. - Total assets reached $1,059,466,000 as of March 31, 2025, a 12.8% increase from $939,611,000 as of September 30, 2024[10]. - Current liabilities increased to $386,095,000 as of March 31, 2025, compared to $373,796,000 as of September 30, 2024, reflecting a 3.2% rise[10]. - Long-term debt decreased to $177,494,000 as of March 31, 2025, down from $187,811,000 as of September 30, 2024, a reduction of 5.0%[10]. - As of March 31, 2025, the company's total debt amounted to $220.8 million, an increase from $208.8 million as of September 30, 2024[76]. - The company had $212.6 million in availability as of March 31, 2025, an increase from $166.5 million at September 30, 2024[86]. Cash Flow and Expenditures - The total cash, cash equivalents, and restricted cash at the end of March 2025 was $18.8 million, down from $117.6 million at the end of September 2024[32]. - Operating activities resulted in a net cash outflow of $15.96 million for the six months ended March 31, 2025, compared to an outflow of $5.18 million for the same period in 2024[24]. - Capital expenditures for the six months ended March 31, 2025, were $6.53 million, slightly higher than $6.02 million for the same period in 2024[24]. - Cash used in operating activities increased by $10.8 million to $16.0 million for the six months ended March 31, 2025, due to higher accounts receivable and inventory purchases[172]. - The company plans to invest approximately $6.0 million to $7.0 million in maintenance capital expenditures for the remainder of fiscal 2025[182]. Customer and Market Dynamics - The company served approximately 419,700 full-service residential and commercial home heating oil and propane accounts as of March 31, 2025[31]. - The company experienced a net customer attrition of 6,000 accounts, or 1.5% of its home heating oil and propane customer base, for the six months ended March 31, 2025[114]. - The gross customer gains for fiscal 2025 totaled 25,200, while gross customer losses amounted to 31,200, resulting in a net attrition of 6,000[113]. - The company’s customer gains as a percentage of the home heating oil and propane customer base for fiscal 2025 was 6.3%, while losses were 7.8%[114]. Acquisitions and Investments - The company made acquisitions totaling $79.6 million during the six months ended March 31, 2025, compared to $22.6 million in the prior year[24]. - The company acquired one heating oil and two propane businesses for approximately $79.6 million during the six months ended March 31, 2025[116]. - The gross purchase price for the acquired businesses was allocated $37.5 million to intangible assets and $16.8 million to goodwill[72]. Revenue and Sales - Product sales increased by $69.8 million, or 11.7%, to $665.1 million for the three months ended March 31, 2025, driven by a 17.3% increase in total volume sold[126]. - Installation and service revenue increased by $7.2 million, or 10.2%, to $77.9 million for the three months ended March 31, 2025, supported by recent acquisitions and expanded offerings[127]. - Retail volume of home heating oil and propane sold increased by 29.0 million gallons, or 14.7%, to 226.3 million gallons for the six months ended March 31, 2025[148]. - Cost of product increased by $17.5 million, or 4.5%, to $406.9 million for the three months ended March 31, 2025, due to an increase in total volume sold[128]. Expenses and Profitability - Delivery and branch expense increased by $20.8 million, or 20.0%, to $124.9 million for the three months ended March 31, 2025, influenced by weather hedge contracts and expenses from recent acquisitions[136]. - General and administrative expenses increased by $1.3 million, or 18.9%, to $8.2 million for the three months ended March 31, 2025, primarily due to an increase in profit sharing expense[138]. - Net interest expense increased by $0.7 million, or 16.3%, to $4.5 million for the three months ended March 31, 2025, driven by an increase in average borrowings[140]. - Income tax expense increased by $6.9 million to $34.8 million for the three months ended March 31, 2025, due to a $24.4 million increase in income before income taxes[142]. Risk Management and Hedging - The company has weather hedge contracts with a maximum potential payout of $15 million for fiscal 2025[37]. - The company recorded a payable of $3.1 million under weather hedge contracts as of March 31, 2025, due to colder temperatures than anticipated[103]. - The company has interest rate swap agreements to mitigate exposure to market risk associated with variable rate interest on $76.3 million, or 38%, of its long-term debt as of March 31, 2025[60]. - A hypothetical 10% increase in product costs could increase the fair market value of outstanding derivatives by $4.1 million[195].
These 3 Rock Star Entertainment Stocks Are Dominating 2025
MarketBeat· 2025-05-07 12:15
Core Viewpoint - The entertainment industry has shown resilience in 2025, with certain stocks outperforming the broader market despite economic challenges and mixed earnings results [1][2]. Group 1: Roblox - Roblox has achieved a total return of approximately 22% in 2025, rebounding significantly after a drop of 11% following its Q4 2024 earnings release [2][3]. - The company's Q1 earnings report indicated a 26% increase in daily active users and a 30% rise in user engagement hours, alongside a 26% reduction in loss per share [4]. - Analysts project a moderate bullish outlook for Roblox, with a price target indicating over 8% upside potential [5]. Group 2: Spotify - Spotify has delivered a remarkable total return of about 41% in 2025, the highest among large-cap communications stocks globally [7][8]. - The company reported its first full year of profitability, driven by cost-cutting measures and price increases, leading to a 13% share price increase post-Q4 2024 earnings [9]. - Despite a high forward P/E ratio of around 57, the forward P/FCF ratio is more favorable at approximately 38, with analysts suggesting a 3% upside from the current price [10][11]. Group 3: Tencent Music - Tencent Music has seen a strong performance with a 28% increase in 2025, largely attributed to an 8% revenue growth reported in mid-March [12][13]. - The company experienced an 18% increase in revenue from music subscriptions and a significant 740 basis point improvement in adjusted operating margin, resulting in a 47% jump in adjusted EPS [13]. - With a market capitalization significantly lower than Spotify's, Tencent Music presents a higher upside potential, with a forward P/FCF ratio of about 19 and an estimated 18% upside in shares post-earnings [14].
Romios Gold Resources Inc. Announces Termination of Letter of Intent With Star Gold Resources Corp.
Newsfile· 2025-05-05 14:48
Toronto, Ontario--(Newsfile Corp. - May 5, 2025) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) ("Romios Gold") today announced that the parties have mutually agreed to terminate the previously announced non-binding Letter of Intent ("LOI") dated February 28, 2025, regarding the proposed acquisition by Star Gold of all the issued and outstanding shares of Romios' wholly owned affiliate, Romios Gold Nevada Inc.The contemplated transaction, which included the transfer of ownership and ...
Star Group, L.P. to Host Fiscal 2025 Second Quarter Webcast and Conference Call May 8, 2025
GlobeNewswire News Room· 2025-05-02 12:00
STAMFORD, Conn., May 02, 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 second quarter results after the close of trading on May 7, 2025. Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time the following day, May 8, 2025, to review the three and six months ended March 31, 2025. The webcast will be accessible on the co ...