STAR GROUP, L.P.(SGU)Stock Analysis
AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →13F Pro Quality Score
Rank #177 of 2,879 stocksTOP 10%
View Consumer Discretionary peers →
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
SGU Stock Analysis & AI Quality Score
AI stock analysis and institutional research for STAR GROUP, L.P. (SGU), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores SGU at 73.8/100 on a 32-signal composite quality model, placing it at rank #177 of 2,879 stocks — the top 10% of the AI-ranked universe. SGU scores in the top quartile across balance sheet strength (97.7), earnings quality (94.3), institutional flow (85.8). Based on the latest XBRL financial filings (Q2 2026), STAR GROUP, L.P. reports quarterly revenue of $766.7M, net income of $108.3M, free cash flow of $-9.1M. Top institutional holders of SGU by reported 13-F value include Hartree Partners,, Bandera Partners, Summit Trail Advisors,, based on the most recent SEC filings. SGU trades on the NYSE exchange and files with the SEC under CIK 1002590. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SGU daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for STAR GROUP, L.P. directly from SEC EDGAR. STAR GROUP, L.P.'s 13F Pro composite quality score has ranged between 47 and 74 since 2024, currently 73.8 — an improving long-term trajectory across 15 quarterly and live scoring snapshots.
What's Driving SGU's Business? Latest 10-Q Breakdown
✓ 37/37 datapoints verifiedAI-extracted from STAR GROUP, L.P.'s 10-Q filed 2026-05-06 — Q2 FY2026 (six months ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income surged 21.2% to $144.1M on higher home heating oil margins and colder weather, though severe product cost volatility in March 2026 pressured working capital and receivables.
Biggest Revenue Drivers
Total revenue: $1,305.971B+6.1% YoY
Volume increased 5.3% to 238.4M gallons; average selling prices rose on higher wholesale costs; per gallon margins expanded to $1.8274 from $1.7138.
Volume declined 4.9% to 56.6M gallons; per gallon gross profit increased slightly.
Equipment installations $67.9M, service contracts $60.4M, billable call services $39.8M; acquisition contribution of $0.9M and expansion efforts partially offset by weather impacts.
Largest Expense Items
Increase driven by 3.2% volume growth, partially offset by $0.0149/gallon wholesale cost decrease on weighted average basis.
Extreme weather 11.0% colder than prior year; direct operating costs up $6.2M (4.3%), insurance expense up $5.1M due to weather claims; weather hedge contract expense $5.0M.
Installation costs decreased 0.7% but service expenses up 6.4% due to higher service call volume from extreme weather and increased propane tank installations.
Profit sharing accrual up $0.7M, salaries and benefits up $0.7M, partially offset by $0.5M decrease in professional fees.
Margins: Home heating oil and propane per gallon gross margin expanded 6.6% to $1.8274/gallon from $1.7138/gallon, driven by higher selling prices exceeding wholesale cost growth. However, service margins compressed as extreme weather drove service expenses to 109.6% of service sales versus 103.5% prior year, creating $3.4M combined loss. Overall gross profit improved but operating leverage tempered by weather-related cost pressures.
Watch Items from the Filing
- Severe wholesale heating oil price volatility: NYMEX heating oil surged from $2.67/gallon Feb 27 to $4.61/gallon Mar 20, 2026, driven by geopolitical tensions. This volatility increased hedging costs, working capital needs, and accounts receivable ($262.2M, up $160M from Sept 30, 2025). Company warns of potential customer collection slowdown and margin compression if backwardation persists.
- Net customer attrition of 4,100 accounts (1.0% of base) in H1 FY2026 versus 6,000 (1.5%) prior year. Estimated 0.7% lost to natural gas/electric conversions. Price-protected customer renewal season approaching (April-November); renewal rates likely pressured by ~$2.10/gallon higher wholesale prices vs. prior year, risking revenue and cash flow.
- Operating cash flow negative $61.1M for H1 FY2026 vs. $16.0M outflow prior year, driven by $162.9M increase in receivables (including $27.6M higher customer budget plan receivables), $33.8M inventory build, and $20.4M increase in amounts due from hedging counterparties. Seasonal reversal expected but weather-driven volatility increases refinancing risk.
- Service business losses: combined service and installation margin deteriorated by $4.6M to $4.1M profit (vs. $8.7M prior year) due to extreme weather (6.4% colder than expected), higher service expense, and propane tank installations. Service margins unsustainable at 109.6% of sales.
- Strong Adjusted EBITDA growth of +15.0% to $207.0M on 12M basis, with availability of $241.8M and compliance with debt covenants (fixed charge ratio, leverage ratio). Term loan $178.5M, revolver borrowings $87.4M, total debt $265.9M provides liquidity runway despite near-term working capital pressure.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q2 2026
$766.7M
Net Income
Q2 2026
$108.3M
Free Cash Flow
Q2 2026
$-9.1M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+1.0% YoYNet Income
+108.7% YoYOperating Income
+87.3% YoYTotal Assets
-0.2% YoYTotal Debt
-9.0% YoYOp. Cash Flow
-36.1% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $1.78B +1.0% | $1.77B -12.0% | $2.01B +34.0% | $1.50B +2.0% | $1.47B -16.3% | $1.75B |
| Net Income | $73.5M +108.7% | $35.2M -0.2% | $35.3M -59.8% | $87.7M +56.9% | $55.9M +217.0% | $17.6M |
| Operating Income | $114.5M +87.3% | $61.1M +1.1% | $60.5M -53.6% | $130.2M +40.0% | $93.0M +148.9% | $37.4M |
| Total Assets | $937.3M -0.2% | $939.6M +3.0% | $912.5M +6.9% | $853.9M +1.8% | $838.6M +11.4% | $752.7M |
| Total Debt | $209.1M -9.0% | $229.8M +16.8% | $196.7M +44.4% | $136.2M +0.3% | $135.8M -16.4% | $162.4M |
| Operating Cash Flow | $71.0M -36.1% | $111.0M +227.3% | $33.9M -50.8% | $68.9M -60.8% | $175.7M +80.4% | $97.4M |
AI Insight: SGU Ratio Trends
Star Group exhibits extreme seasonal volatility with summer quarters consistently losing money while winter quarters deliver strong 20%+ operating margins.
• Operating margin swings from -16.5% in Q3 2025 to 20.5% in Q1 2026, reflecting stark seasonal pattern.
• Winter quarter profitability improved with operating margin rising from 16.9% in Q1 2025 to 20.5% in Q1 2026.
• ROA reached 37.2% in Q1 2026, up from 32.4% in Q1 2025, showing enhanced asset efficiency.
⚠ Summer quarters Q2 and Q3 consistently generate double-digit operating losses, creating annual earnings volatility.
⚠ TTM operating margin of 8.1% reflects cumulative impact of seasonal losses despite strong winter performance.
Get alerted when SGU's score changes
Free account: watchlist tracking, the daily AI brief, and the AI screener.
Available Research
13F Pro tracks comprehensive data for STAR GROUP, L.P. including:
Top Institutional Holders of SGU
Hartree Partners, LP
$41.8M3,400,907 shBandera Partners LLC
$33.7M2,745,360 shSummit Trail Advisors, LLC
$24.8M2,022,000 shLubar & Co., Inc
$15.9M1,295,985 shOakcliff Capital Partners, LP
$13.5M1,099,239 shRENAISSANCE TECHNOLOGIES LLC
$11.2M910,108 shJoel Isaacson & Co., LLC
$2.4M191,968 shBlackstone Inc.
$2.1M173,629 shDOLIVER ADVISORS, LP
$1.7M139,939 shARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$1.6M129,080 sh
| Fund | Value | Shares |
|---|---|---|
| Hartree Partners, LP | $41.8M | 3,400,907 |
| Bandera Partners LLC | $33.7M | 2,745,360 |
| Summit Trail Advisors, LLC | $24.8M | 2,022,000 |
| Lubar & Co., Inc | $15.9M | 1,295,985 |
| Oakcliff Capital Partners, LP | $13.5M | 1,099,239 |
| RENAISSANCE TECHNOLOGIES LLC | $11.2M | 910,108 |
| Joel Isaacson & Co., LLC | $2.4M | 191,968 |
| Blackstone Inc. | $2.1M | 173,629 |
| DOLIVER ADVISORS, LP | $1.7M | 139,939 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $1.6M | 129,080 |
More Consumer Discretionary Companies
View all Consumer Discretionary →Put SGU on your watchlist
Track score changes the day STAR GROUP, L.P. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.
Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).
Popular Research
Is SGU a good stock to buy?
13F Pro's AI-powered analysis of STAR GROUP, L.P. (SGU) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SGU are available on the SGU stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own SGU?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SGU. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of STAR GROUP, L.P.'s investment landscape.