Star Group Reports Strong Q2 FY2026 Results with Increased Revenue, Net Income, and Adjusted EBITDA
SGU sits 16% above its 52-week low of $11.31.
Summary
Star Group reported strong fiscal Q2 2026 financial results, with significant increases in revenue, net income, and Adjusted EBITDA, driven by favorable weather and operational efficiency.
Key Events · Earnings and Guidance · SGU
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Strong Q2 Financial Performance
For the fiscal second quarter ended March 31, 2026, total revenue increased 3.2% to $766.7 million. Net income rose by $22.4 million to $108.3 million, and Adjusted EBITDA increased by $10.5 million to $138.7 million compared to the prior-year period. Basic and diluted income per Limited Partner Unit increased to $2.66 from $2.01.
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Increased Heating Oil and Propane Volumes
Home heating oil and propane volumes sold increased by 0.4% to 144.5 million gallons, primarily due to colder temperatures (6.4% colder than prior year) and additional volume from acquisitions, offsetting net customer attrition.
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Operational Highlights and Acquisitions
The company reported a $5.3 million increase in Adjusted EBITDA from its base business, driven by higher volumes and per-gallon margins. It also closed on one small heating oil acquisition during the quarter and kept net customer attrition under 1%.
Analysis · SGU · Trade & Services
Star Group, L.P. announced robust financial results for its fiscal second quarter, demonstrating significant growth across key metrics. Net income surged by $22.4 million to $108.3 million, and Adjusted EBITDA increased by $10.5 million to $138.7 million, driven primarily by colder weather conditions, higher heating oil and propane volumes, and improved per-gallon margins. The company also successfully integrated a small acquisition and maintained customer attrition below 1%, indicating strong operational execution. These positive results, following a strong Q1, reinforce the company's performance trajectory, especially as the stock trades near its 52-week high.
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At the time of this filing, SGU was trading at $13.15 on NYSE in the Trade & Services sector, with a market capitalization of approximately $432.4M. The 52-week trading range was $11.31 to $13.50. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.