Star Group posts wider Q3 net loss of $28.0 million on 17.2% higher revenue
Star Group reported its fiscal third quarter ended June 30, 2026, with revenue up 17.2% to $358.1 million, but its net loss widened by $11.4 million to $28.0 million and its Adjusted EBITDA loss grew to $17.7 million. For the nine months, revenue rose 8.3% to $1.7 billion and net income rose $13.9 million to $116.1 million, so the quarterly loss is offset by a stronger year-to-date result for shareholders.
Key points
- Q3 revenue rose 17.2% to $358.1 million from $305.6 million, while home heating oil and propane gallons sold fell 9.4% to 32.8 million.
- Q3 net loss was $28.0 million, or $(0.84) per limited partner unit, versus $(16.6) million, or $(0.48), a year earlier, driven by a $8.6 million unfavorable change in derivative fair value and higher insurance-related expenses of $6.2 milli
- Nine-month net income was $116.1 million and Adjusted EBITDA was $189.3 million, up $19.9 million year over year.
- Management will host a webcast and conference call at 11:00 a.m. Eastern Time on August 6, 2026.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.