10-Q · February 4, 2026
Star Group reported Q1 sales of $539,256,000 and diluted EPS of $0.89, both higher than the prior-year quarter. Gross profit widened (derived from product costs of $268,538,000 and installations/services costs of…
Earnings analysis · 10-Q
SGU earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Star Group L.P. reported a strong financial performance for Q2 2026, with significant improvements across revenues and net income compared to prior periods. Revenue increased to $1.78 billion, while diluted EPS rose to…
Read full summary
Star Group L.P. reported a strong financial performance for Q2 2026, with significant improvements across revenues and net income compared to prior periods. Revenue increased to $1.78 billion, while diluted EPS rose to $0.89, marking an upward trend driven by colder weather and increased customer demand. However, higher operational and service costs, linked to extreme weather conditions, continue to pose challenges to margins.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.89
- Gross margin
- 24.2%
What stood out
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Surge in Revenue: $1.78B
Total revenue reached $1.78 billion for Q2 2026, up 6.8% from $1.67 billion year-on-year.
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Increased Gross Margin: 24.2%
Gross margin improved to 24.2%, rising from 20.6% in Q1 2026, driven by higher home heating oil margins.
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Higher EPS: $0.89
Diluted EPS increased to $0.89 from $0.79 in Q1 2026 and significantly from a loss of $0.67 the previous year.
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Customer Volume Growth: 144.5M gallons
Retail volume sold grew to 144.5 million gallons, marking a 0.4% increase year-on-year.
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Improved Net Income: $108.3M
Net income for the quarter rose to $108.3 million, a $22.4 million increase from the same quarter last year.
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Significant Increase in Adjusted EBITDA
Adjusted EBITDA grew to $138.7 million, a $10.5 million increase compared to the prior year.
What to watch
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Increased Operating Costs
Operating expenses rose to $225 million, driven by high service costs due to extreme winter weather conditions.
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Revenues Subject to Volatile Commodity Prices
Commodity price volatility remains a burden, with hedging instruments leading to inconsistent earnings.
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Potential Slowdown in Receivable Collections
A forecasted slowdown in collections is anticipated as customers adjust to rising product prices.
Management's outlook
Management notes that while customer demand remains strong, volatility in commodity prices is expected to affect profitability and working capital.
Earlier filings 4
10-K · December 9, 2025
Star Group describes itself as the largest retail distributor of home heating oil in the U.S. (market share in excess of 5.5%) with a strategy of growing Adjusted EBITDA via selective acquisitions, complementary service…
10-Q · August 6, 2025
Star Group reported seasonal Q3 revenue of $305,618,000 (down from $331,640,000 in Q3 2024) with gross margin improving to 28.1% but an operating loss of $19,177,000 and diluted EPS of $(0.48). Cash and cash equivalents…
10-Q · May 7, 2025
Star Group (SGU) reported a strong seasonal Q2 with revenue of $743,045,000 (up $77,013,000 vs. prior year and up $204,982,000 vs. the prior quarter), gross margin expanded to 35.0% and diluted EPS rose to $2.01.…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.