SGU

MKT CAP:$425M

Star Group, L.P.

Market Cap

$425M

Energy·Oil & Gas Refining & Marketing·🇺🇸 United States·NYSE

Energy·Oil & Gas Refining & Marketing·🇺🇸·NYSE

Stock Price

$12.58+$0.72 (+6.07%)

Apr 23, 2026

Company Details

Star Group, L.P. sells home heating and air conditioning products and services to residential and commercial home heating oil and propane customers in the United States. It also sells diesel fuel, gasoline, and home heating oil on a deliver...

CEO

Jeffrey Woosnam

IPO Date

Dec 15, 1995

Website

www.stargrouplp.com

Key Metrics TTM

Revenue

$1.2B

-4.1% YoY

Net Income

-$71M

EPS (Diluted)

-$2.01

Free Cash Flow

$278M

Revenue / Share

$35.07

Gross Margin

21.4%

Operating Margin

-7.0%

Net Margin

-5.9%

FCF Margin

23.1%

P/S

0.4x

P/E

—

Earnings Reports

Q4 2025

May 6, 2026

PENDING

Q3 2025

Aug 6, 2025

$306M-7.8%EPS -$0.48

Q3 2024

Jul 31, 2024

$332M+10.5%EPS -$0.31

Q4 2023

Dec 6, 2023

$267M-10.0%EPS -$0.55

Q3 2023

Aug 2, 2023

$300M-31.7%EPS -$0.67

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 18	$327M	$71M	-$9M
Q4 18	$230M	$35M	-$42M
Q1 19	$535M	$147M	$6M
Q3 19	$283M	$58M	-$30M
Q4 19	$236M	$39M	-$44M
Q1 20	$509M	$139M	$42M
Q3 20	$232M	$76M	$498.0K
Q4 20	$183M	$39M	-$36M
Q3 21	$283M	$62M	-$14M
Q4 21	$237M	$41M	-$31M
Q3 22	$439M	$69M	-$21M
Q4 22	$297M	$39M	-$40M
Q3 23	$300M	$57M	-$30M
Q4 23	$267M	$42M	-$23M
Q3 24	$332M	$81M	-$12M
Q3 25	$306M	$79M	-$19M

Valuation

Quarter	P/S	P/E
Q3 18	0.5x	—
Q4 18	0.4x	—
Q1 19	0.3x	—
Q3 19	0.3x	—
Q4 19	0.3x	—
Q1 20	0.3x	—
Q3 20	0.3x	—
Q4 20	0.4x	—
Q3 21	0.4x	—
Q4 21	0.5x	—
Q3 22	0.4x	—
Q4 22	0.3x	—
Q3 23	0.3x	—
Q4 23	0.3x	—
Q3 24	0.4x	—
Q3 25	0.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 18	$90M	$88M
Q4 18	$27M	$23M
Q1 19	-$63M	-$67M
Q3 19	$105M	$103M
Q4 19	$35M	$32M
Q1 20	-$52M	-$55M
Q3 20	$105M	$103M
Q4 20	$19M	$14M
Q3 21	$54M	$50M
Q4 21	$9M	$6M
Q3 22	$74M	$69M
Q4 22	$65M	$58M
Q3 23	$117M	$115M
Q4 23	$21M	$19M
Q3 24	$78M	$76M
Q3 25	$73M	$69M

Capital Expenditures

Quarter	CapEx
Q3 18	$2M
Q4 18	$5M
Q1 19	$4M
Q3 19	$1M
Q4 19	$3M
Q1 20	$3M
Q3 20	$3M
Q4 20	$6M
Q3 21	$4M
Q4 21	$3M
Q3 22	$5M
Q4 22	$7M
Q3 23	$1M
Q4 23	$2M
Q3 24	$2M
Q3 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 18	+50.0%	+52.0%
Q4 18	+41.7%	+41.5%
Q1 19	+136.9%	+115.4%
Q3 19	+56.1%	+50.1%
Q4 19	-27.9%	-16.8%
Q1 20	+121.6%	+72.0%
Q3 20	-56.6%	-56.2%
Q4 20	-35.3%	-30.0%
Q3 21	+20.0%	+6.1%
Q4 21	-53.5%	-42.7%
Q3 22	+89.1%	+98.6%
Q4 22	+61.8%	+53.4%
Q3 23	+6.0%	+11.1%
Q4 23	+12.8%	+8.6%
Q3 24	-24.5%	-25.2%
Q3 25	+3.0%	-3.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 18	$0	0.0%
Q4 18	$0	0.0%
Q1 19	$0	0.0%
Q3 19	$0	0.0%
Q4 19	$0	0.0%
Q1 20	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$22M	8.2%
Q3 24	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q3 18	$6M	$83M
Q4 18	$5M	$76M
Q1 19	$8M	$103M
Q3 19	$5M	$83M
Q4 19	$5M	$73M
Q1 20	$7M	$97M
Q3 20	$7M	$73M
Q4 20	$6M	$68M
Q3 21	$6M	$75M
Q4 21	$6M	$71M
Q3 22	$6M	$84M
Q4 22	$6M	$73M
Q3 23	$6M	$83M
Q4 23	$6M	$77M
Q3 24	$7M	—
Q3 25	$8M	$91M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$18M	$0	$18M
Q3 22	$9M	$0	$9M
Q4 22	$15M	$0	$15M
Q1 23	$23M	$0	$23M
Q2 23	$22M	$0	$22M
Q3 23	$57M	$0	$57M
Q4 23	$45M	$0	$45M
Q1 24	$20M	$0	$20M
Q2 24	$12M	$0	$12M
Q3 24	$46M	$0	$46M
Q4 24	$117M	$0	$117M
Q1 25	$49M	$0	$49M
Q2 25	$19M	$0	$19M
Q3 25	$28M	$0	$28M
Q4 25	$25M	$0	$25M
Q1 26	$20M	$0	$20M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 18	54M	-3.5%	-5.7%
Q4 18	53M	-1.1%	-5.3%
Q1 19	53M	-0.9%	-5.3%
Q3 19	50M	-5.6%	-10.6%
Q4 19	49M	-1.9%	-9.2%
Q1 20	47M	-3.5%	-11.4%
Q3 20	45M	-4.3%	-14.5%
Q4 20	44M	-3.0%	-12.1%
Q3 21	40M	-8.7%	-18.3%
Q4 21	40M	-1.3%	-16.4%
Q3 22	37M	-7.0%	-18.7%
Q4 22	36M	-1.2%	-17.2%
Q3 23	36M	-2.0%	-11.1%
Q4 23	36M	0.0%	-9.9%
Q3 24	35M	-0.9%	-4.1%
Q3 25	34M	-2.6%	-5.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 18	$97.4K	3K
Q4 18	$67.5K	3K
Q1 19	$157.2K	3K
Q3 19	$83.3K	3K
Q4 19	$68.5K	3K
Q1 20	$147.7K	3K
Q3 20	$67.4K	3K
Q4 20	$58.1K	3K
Q3 21	$89.7K	3K
Q4 21	$75.8K	3K
Q3 22	$140.7K	3K
Q4 22	$92.9K	3K
Q3 23	$94.0K	3K
Q4 23	$87.5K	3K
Q3 24	$108.7K	3K
Q3 25	$100.6K	3K

Revenue / Employee