Star Group, L.P. (SGU) Earnings Call Transcripts
Star Group, L.P.'s Latest Earnings Call - Q2 FY2026
In the second quarter of fiscal 2026, Star Group, L.P. reported a net income of $108 million, reflecting a year-over-year increase of $22 million, driven by colder weather and higher product margins. Adjusted EBITDA rose to $139 million, up $10.5 million from the prior year, despite increased operating expenses due to severe weather conditions. Management signaled confidence in the company's positioning for the remainder of the fiscal year, maintaining a focus on operational efficiency and potential acquisitions.
Reported metrics
| Metric | Value |
|---|---|
| Net Income | $108 million (beat) |
| Adjusted EBITDA | $139 million (beat) |
| Home Heating Oil and Propane Volume | 144.5 million gallons (positive) |
| Product Gross Profit | $277 million (positive) |
| Customer Attrition Rate | 0.6% (neutral) |
| Operating Expenses | increased by over $16 million (negative) |
Guidance from management
Management expressed confidence in being 'well positioned for the remainder of fiscal 2026' but did not provide specific numerical guidance for future quarters.
What management said
Okay. Thank you for taking the time to join us today and your ongoing interest in Star Group. We look forward to sharing our 2026 fiscal third quarter results in August. Have a great summer.
What analysts pressed on
Analysts raised concerns regarding the impact of increased operating expenses due to severe weather and the potential for future customer attrition if conditions do not improve. There was also a focus on how effectively the company can manage rising wholesale product costs.
Main topics on the call
- Weather Impact on Performance — The second quarter experienced temperatures that were 6.4% colder than last year, leading to a rise in product volumes sold. Management noted, 'the severe weather... impacted our field productivity, thereby raising opera...
- Adjusted EBITDA Growth — Star Group achieved an adjusted EBITDA of $139 million, a year-over-year improvement of $10.5 million. This growth was attributed to higher home heating oil and propane margins, which offset increased operating expenses.
- Customer Retention — The company maintained net customer attrition at a low rate of 0.6%, indicating strong customer retention amidst challenging operating conditions. Management highlighted this as a 'meaningful accomplishment for the compa...
- Operating Expenses and Challenges — Operating expenses rose significantly due to extreme weather, with delivery and G&A expenses increasing by over $16 million year-over-year. Management acknowledged that 'higher prices can create certain challenges for us...
Read the full Star Group, L.P. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Star Group, L.P.
Star Group, L.P. (SGU) is a publicly listed company in the Gas Utilities industry, within the Utilities sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 27 calls on record spanning February 4, 2020 to August 6, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 27 Star Group, L.P. earnings call transcripts on record, spanning February 4, 2020 to August 6, 2026. Based on this history, Star Group, L.P. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- SGU
- Exchange
- NYSE
- Country
- US
- Sector
- Utilities
- Industry
- Gas Utilities
- Calls on record
- 27
- First call
- February 4, 2020
- Most recent
- August 6, 2026
- Reporting cadence
- quarterly