SGU

In the past six months, Star Group LP (SGU) has reported its fiscal 2026 first, second, and third-quarter results. The first quarter, ending December 31, 2025, saw a 10.5% increase in total revenue to $539.3 million, driven by higher product volumes and increased service and installation revenue, with net income rising to $35.8 million. For the fiscal second quarter ended March 31, 2026, the company reported stronger results with revenue up 3.2% to $766.7 million and net income increasing to $108.3 million, aided by colder weather and acquisitions. The fiscal third quarter ended June 30, 2026, showed a 17.2% rise in revenue to $358.1 million, though home heating oil and propane volumes decreased by 9.4%, resulting in a wider net loss of $28.0 million. The company has also declared and increased its quarterly distributions. On January 15, 2026, Star Group declared a quarterly distribution of 18.50 cents per unit for the fiscal first quarter. This was followed by an increase to 19.75 cents per unit for the fiscal second quarter, marking its 14th consecutive year of raising its dividend. A quarterly distribution of 19.75 cents per unit was also declared for the third quarter. In July 2026, the base salary for President and CEO Jeffrey M. Woosnam was approved to be increased to $750,000 per year, effective August 1, 2026. Analyst sentiment has seen some adjustments, with Weiss Ratings lowering shares from a "buy" to a "hold" and Wall Street Zen lowering its rating from "strong-buy" to "buy" in August 2026, leading to an overall consensus rating of "Hold" for the stock.