Star Group(SGU)

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Star Group Q3 Net Loss Widens Y/Y on Lower Sales, Revenues Fall
ZACKS· 2025-08-11 16:31
Core Viewpoint - Star Group, L.P. (SGU) has experienced a decline in share price and underperformed against the S&P 500 index following its third-quarter fiscal 2025 results, indicating challenges in revenue and profitability [1] Q3 Results - For the fiscal quarter ending June 30, 2025, Star Group reported revenues of $305.6 million, a decrease of 7.8% from $331.6 million in the prior-year quarter, attributed to lower product sales volumes and decreased selling prices [2] - Home heating oil and propane volume fell by 3.8% to 36.2 million gallons, with customer attrition and warmer weather impacting performance [2] Financial Performance - The company reported a net loss of $16.6 million, compared to a loss of $11 million in the same period last year, with an adjusted EBITDA loss widening to $10.6 million from $4.1 million [3] - Loss per share was 48 cents, wider than the 31 cents loss in the previous year [3] Other Key Business Metrics - Service and installation performance improved, with gross profit rising by $0.6 million to $14 million, reflecting expense control [4] - Delivery and administrative expenses increased by $4.3 million year over year, primarily due to acquisition-related costs [4] Year-to-Date Performance - In the first nine months of fiscal 2025, volumes rose by 11.8% to 262.6 million gallons, supported by colder weather and acquisitions [5] - Product gross profit for the nine months grew by 13% to $480 million, with net income increasing by 45% year over year to $102.2 million [5] Management Commentary - Management highlighted improved service metrics and benefits from propane acquisitions, despite seasonal weaknesses and customer attrition [6] - The company aims to expand its customer base in propane and heating oil while diversifying revenue streams to mitigate weather sensitivity [6] Factors Influencing Results - Revenue decline was linked to reduced heating oil and propane demand due to warmer temperatures, which were 2% warmer than last year and 19.3% warmer than normal [7] - Selling prices fell alongside a 14.3% decline in wholesale product costs [7] Margin Pressures - Margins faced pressure from acquisition-related mix effects, although acquisitions contributed positively to adjusted EBITDA during a typically loss-making quarter [8] - Expense growth was primarily driven by acquisition-related integration costs, while base business expenses were managed tightly [8] Future Outlook - Management expressed confidence in achieving strong fiscal 2025 performance, citing benefits from acquisitions and improved operational execution [10] - The company is positioned as a more resilient and diversified energy provider capable of adapting to varied weather conditions [10] Other Developments - Star Group completed four acquisitions in fiscal 2025, with a focus on propane, which significantly contributed to quarterly results [11] - AI technology has been introduced into customer service interfaces to enhance responsiveness while maintaining a personal touch [11]
New Frontiers: Princess Cruises Unveils 2027 Alaska Season With Return of Star Princess
Prnewswire· 2025-08-11 14:07
Season Highlights Include Expanded Itineraries, Unmatched Access to Glaciers and Wildlife, and Exclusive Cruisetour Adventures into the Great Land FT. LAUDERDALE, Fla., Aug. 11, 2025 /PRNewswire/ -- Princess Cruises, the top cruise line in Alaska, announced its most expansive Alaska cruise and cruisetour season for 2027. With nearly 60 years of expertise sailing the breathtaking landscapes of Alaska, Princess will deploy a fleet of eight elegant ships and offer stays at five signature wilderness lodges for ...
REMAX Teams Up With NFL Star Rookie Matthew Golden To Find Dream Home for His Grandmother
Prnewswire· 2025-08-11 12:27
Global real estate brand launches content series documenting Golden's journey to fulfilling his promise. Patel has donated his commission from the home sale to Children's Miracle Network (CMN) Hospitals, which raises funds for children's hospitals in the U.S. and Canada. To date, REMAX affiliates have donated more than $218M to CMN Hospitals in the US and Canada since 1992, with 100% of donations staying local to benefit hospitals in the areas that agents serve. REMAX captured the full process on YouTube – ...
Star Equity Holdings, Inc. Declares a Partial Cash Dividend of $0.225 Per Share of 10% Series A Cumulative Perpetual Preferred Stock
GlobeNewswire News Room· 2025-08-08 21:15
Core Points - Star Equity Holdings, Inc. declared a partial cash dividend of $0.225 per share for its 10% Series A Cumulative Perpetual Preferred Stock, with a record date of August 21, 2025, and a payment date of September 10, 2025 [1] - A merger agreement has been established between Hudson Global, Inc. and Star Equity Holdings, where Star stockholders will receive 0.23 shares of Hudson common stock for each share of Star common stock and one share of Hudson 10.0% Series A Cumulative Perpetual Preferred Stock for each share of Star Preferred Stock [2] - The dividend will cover the period through August 21, 2025, with expectations for future dividends either from the company or from Hudson Preferred Stock post-merger [3] Company Overview - Star Equity Holdings, Inc. operates as a diversified holding company with three business divisions: Building Solutions, Energy Services, and Investments [4] Business Divisions - The Building Solutions division includes modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber manufacturing [5] - The Energy Services division focuses on the rental, sale, and repair of downhole tools for various industries including oil and gas, geothermal, mining, and water-well [6] - The Investments division manages and finances the company's real estate assets and investment positions in both private and public companies [7]
Liberty Star highlights increased federal interest in Hay Mountain project
Proactiveinvestors NA· 2025-08-07 19:49
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company is focused on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - Automation and software tools, including generative AI, are used, but all content is edited and authored by humans [5]
Liberty Star's Hay Mountain Project Shines Spotlight on Arizona Critical Minerals; DC Advocacy Accelerates Government Awareness
GlobeNewswire News Room· 2025-08-07 19:10
Core Insights - Liberty Star Minerals is emphasizing the significance of its Hay Mountain Project in Arizona as a key asset for the U.S. critical mineral strategy [1] - The company is advocating for federal support to expedite the development of mining projects in Arizona, highlighting the importance of mineral security for national security [2][3][4] Congressional Support - Representative Paul Gosar sent a letter to various Cabinet Secretaries urging them to prioritize Arizona's mining projects, specifically mentioning the Hay Mountain property [2] - The letter stresses that mineral and mining security is integral to national security and calls for expedited permitting processes [2] Call to Action - Liberty Star is encouraging federal agencies and stakeholders to engage in the exploration and development phases of the Hay Mountain Project [3] - The company believes that Arizona's mineral resources can significantly contribute to American industries if supported by regulatory frameworks [3] Leadership Advocacy - Chairman Pete O'Heeron's meetings in Washington, D.C. aimed to raise awareness about domestic mineral opportunities and the need for federal support [4] - O'Heeron highlighted the critical juncture for the U.S. in securing essential minerals for economic and national security [4] Hay Mountain Project Overview - The Hay Mountain Project is located in the Tombstone Mining District and is seen as a promising source of copper, gold, molybdenum, and other critical minerals [5] - Initial drilling results have shown elevated values of copper, lead, and zinc, indicating the potential for large-scale mineral development [5] - The project is positioned as a vital resource as the U.S. seeks to reduce reliance on foreign supply chains and transition to clean energy [5] Company Background - Liberty Star Minerals focuses on discovering and developing mineral properties in the Southwest U.S., with the Hay Mountain Project being central to its strategy [6]
J-Star Holding Announces Closing of Underwriters' Over-Allotment Option in Connection with Initial Public Offering
GlobeNewswire News Room· 2025-08-07 18:30
Core Viewpoint - J-Star Holding Co., Ltd. successfully completed the sale of an additional 187,500 ordinary shares at the IPO price of $4.00 per share, raising a total of $5,750,000 in gross proceeds from the Offering [1]. Group 1: Offering Details - The Offering included the full exercise of the underwriters' over-allotment option and was part of the Company's initial public offering [1]. - The total gross proceeds from the IPO were previously announced as $5,000,000, prior to deducting underwriting discounts and commissions [1]. - Maxim Group LLC acted as the sole Book-Running manager for the Offering [2]. Group 2: Company Background - J-Star is a leading provider of carbon fiber and composite solutions, with applications in personal sports equipment, healthcare products, automobile parts, and more [1]. - The Company has over 50 years of experience in the material composites industry and operates through subsidiaries in Taiwan, Hong Kong, and Samoa [5]. - J-Star specializes in developing and commercializing technology related to carbon reinforcement and resin systems, producing lightweight, high-performance carbon composite products [5].
Star Group(SGU) - 2025 Q3 - Earnings Call Transcript
2025-08-07 16:00
Financial Data and Key Metrics Changes - For the third quarter, home heating oil and propane volume decreased by 1,500,000 gallons or 3.8% to 36,000,000 gallons due to warmer weather and net customer attrition [8] - Product gross profit decreased by $3,000,000 or 4% to $72,000,000, attributed to lower volume sold and lower per gallon margins [8] - The company posted a net loss of $16,600,000, which is $5,600,000 more than the prior year period, reflecting an increase in adjusted EBITDA loss and higher depreciation and amortization expenses [9] - Adjusted EBITDA loss increased by $6,500,000 to $10,600,000, primarily due to lower home heating oil and propane volumes [9] Business Line Data and Key Metrics Changes - Year-to-date home heating oil and propane volume increased by 28,000,000 gallons or 12% to 263 million gallons, driven by colder temperatures and acquisitions [10] - Product gross profit rose by $55,000,000 or 13% to $480,000,000 due to increased volume and higher margins [10] - Gross profit from service and installation increased by $4,800,000 year to date, with contributions from both acquisitions and base business initiatives [10] Market Data and Key Metrics Changes - Temperatures for the third quarter were 2% warmer than last year and almost 20% warmer than normal, impacting volume negatively [8] - Year-to-date temperatures were 8% colder than the prior year but still 8% warmer than normal [10] Company Strategy and Development Direction - The company is focused on improving customer retention and driving additional revenues through value-added products and services [5] - There is a strategy to grow the heating oil and propane customer base through acquisitions while improving service and installation profitability [6] - The company aims to position itself as a fully diversified energy provider, adaptable to varied weather conditions [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about strong financial performance in fiscal 2025 despite challenges in the third quarter [4] - The management highlighted the importance of maintaining a personal touch in customer service while exploring AI applications [18] Other Important Information - Delivery, branch, and G&A expenses increased by $31,500,000 year over year, with significant contributions from recent acquisitions and weather hedging programs [11] - The company recorded a non-cash favorable change in the fair value of derivative instruments, contributing positively to net income [12] Q&A Session Summary Question: Update on acquisition pipeline and AI applications - Management confirmed the closure of four transactions this fiscal year and ongoing activity in the acquisition pipeline [17] - AI technology has been integrated into customer interfaces, but the company emphasizes the importance of personal customer service [18]
Star Holdings Reports Second Quarter 2025 Results
Prnewswire· 2025-08-07 12:04
NEW YORK, Aug. 7, 2025 /PRNewswire/ -- Star Holdings (NASDAQ: STHO) announced today that it has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 with the Securities and Exchange Commission. Further details regarding the Company's results of operations, assets and activities are available in the Company's Form 10-Q for the quarter ended June 30, 2025 which is available for download at the Company's website www.starholdingsco.com or at the Securities and Exchange Commission website ...
Star Group(SGU) - 2025 Q3 - Quarterly Results
2025-08-06 20:30
EXHIBIT 99.1 Star Group, L.P. Reports Fiscal 2025 Third Quarter Results STAMFORD, Conn., Aug. 06, 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 third quarter, the three month period ended June 30, 2025. Three Months Ended June 30, 2025 Compared to the Three Months Ended June 30, 2024 For the fiscal 2025 third quarter, Star reported a 7.8 percent decrease in total revenue t ...