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. ...

Core Viewpoint - Star Group, L.P. is set to release its fiscal 2025 fourth quarter results on December 8, 2025, with a subsequent conference call scheduled for December 9, 2025, to discuss the financial performance for the three and twelve months ended September 30, 2025 [1]. Company Overview - Star Group, L.P. is a full-service provider specializing in home heating products and services for residential and commercial customers, including heating and air conditioning equipment [3]. - The company is recognized as the largest retail distributor of home heating oil in the U.S. based on sales volume, serving customers primarily in the Northeast and Mid-Atlantic regions [3]. - In addition to home heating oil, Star also sells diesel, gasoline, and provides delivery services for these products [3]. Conference Call Details - The conference call will be accessible via the company's website and a dedicated telephone line for both domestic and international callers [2].