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Star Group, L.p. (SGU) stock

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NYSE: SGU NYSE Gas Utilities Next results ~November 4, 2026

B Fundamentals grade

Star Group, L.p. is a US-listed company in the gas utilities industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$37

Cash-flow model

Base case. Range ~$27–$51 across our lower- and higher-growth cases (-1.8%–8.2% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 187% above it.

Price used: $13.03, November 3, 2026

Star Group, L.p. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling1 purchase and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds26 adding, 20 cuttingOf 7 active managers that changed their stake, 2 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Star Group files

Where Star stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.91bn, up 7.6% on a year earlier, faster than the 3.1% growth a quarter earlier. Free-cash-flow margin fell to 3.0% from 4.6% a year earlier. The diluted share count is down 4.2% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 3 financial-health checks. Our cash-flow model value is $37.46 a share, against a share price of $13.03.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Star Group, L.p.'s trailing-twelve-month revenue grew 7.6% year on year, with a free-cash-flow margin of 3.0%. Where it stands out: long-term debt as % of assets of 15.0% ranks 1 of 12 gas utilities companies we cover. Where it lags: operating margin of 7.1% ranks 10 of 12 gas utilities companies we cover.

Our discounted-cash-flow model values the business at ~$37 per share in the base case (~$27–$51 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 30.5% while net income grew 30.3%: a 61pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $12.88 is 191% below our value per share of $37.
  • Growth speeding up. The growth rate is 4.5 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 4.2% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Gross margin slipping. Gross margin is down 5.7 points on a year ago.
  • Weak cash conversion. Free cash flow was 65% of net income over the last 12 months.
  • Below peers: operating margin. Operating margin of 7.1% ranks 10 of 12 gas utilities companies we cover (median 21.6%).
  • Below peers: net margin. Net margin of 4.6% ranks 10 of 12 gas utilities companies we cover (median 13.1%).

Latest results: FY2026 Q3

Filed August 5, 2026
Earnings per share
-$0.25 against an average estimate of -$0.22: missed by 11.5%
Revenue
$358m, up 17.2% on a year earlier
Share reaction
-0.2% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Next report
August 5, 2026

Star Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.2%
  • 1 week+1.1%
  • 1 month+2.7%
  • This year+15.6%
  • 1 year+18.8%
  • 5 years+57.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.9B
Operating margin
7.1%
Net margin
4.6%
EPS (TTM, diluted)
$2.64

Growth

Revenue growth
+7.6%
Change in growth rate
+4.5 pts
Share count change
−4.2%

Cash

Free cash flow (TTM)
$56.8M
FCF margin
3.0%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Leadership
  4. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Star Group, L.p. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 11.8% a year for five years.That is slower than the 5.0% a year revenue growth Star Group has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in-11.8%
  • Last 12 months7.6%
  • 3 years a year-1.2%
  • 5 years a year5.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($13.03, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$37
Price used
$13.03close November 3, 2026
Implied change
▲ +187%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Star Group, L.p.'s free cash flow after stock-based pay with after-tax interest added back ($77.4M, FY2026 Q3 TTM), growing 3.2% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$27–~$51 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Star Group, L.p.'s free cash flow after stock-based pay ( $77.4M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Star Group, L.p. as an utility or power producer, with every model that fits that kind of business. Cost of equity 7%: the 10-year Treasury yield (4.9%) plus a beta of 0.46 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$37 ~$27–$51 Primary model, counts double
Utility earnings model Net income growing 3% a year, discounted at 8%: for regulated investment that makes free cash flow negative. ~$55 ~$45–$69 Included
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$48 ~$48–$63 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. — Does not apply: earnings are not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$44 ~$37–$55 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Star Group, L.p. with utilities and power producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −28%
  • Revenue growth 5 points higher ▲ +36%
  • Free-cash-flow margin 1 point lower ▼ −38%
  • Last year's free-cash-flow margin change, if it persists ▼ −38%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $30$42$58$79$107$143
8.5% $22$30$42$57$77$102
10% $17$24$33$44$59$78

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$5.54$6.80$6.12$6.24$6.81$7.51$6.33$9.90$10.25$10.97$12.88
Market value$316m$380m$335m$317m$311m$304m$237m$353m$361m$376m$426m
+ Net debt (− = net cash)−$48m$23m$88m$173m$66m$122m$190m$103m$91m$163m$146m
Enterprise value$269m$403m$423m$490m$377m$427m$427m$456m$453m$539m$572m
Multiples
Price / sales 0.3x0.3x0.2x0.2x0.2x0.2x0.1x0.2x0.2x0.2x0.2x
Price / earnings 7.0x14.1x6.0x18.0x5.6x3.5x6.7x11.1x10.3x5.1x4.9x
Price / free cash flow 3.4x42.7x7.6x3.7x1.9x5.7x15.6x3.1x3.6x6.7x7.5x
EV / EBITDA 2.3x4.8x4.3x6.9x2.9x2.6x4.5x4.8x4.8x3.6x3.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

45 /100

Weak moat

How hard Star Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Net income has been a median 5.4% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 28.1%, moving by 3.7 percentage points (standard deviation) across 10 years.

  • Durability 3 / 20

    Operating margin has been a median 4.4%; its worst year was 0.9%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 9 of 10 years, at a median 4.3% of revenue.

  • Discipline 15 / 20

    The diluted share count fell 20.5% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Star Group, L.p.: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2018 −$0.22 −$0.25 −11.5%
Mar 2018 $1.65 $1.12 −32.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Positioning

Short interest
0.1%
of tradable shares
Days to cover
1.76
at average volume
Short interest, 1 month
−20%
to September 30, 2026
Held by institutions
42%
of shares
Held by insiders
15.2%
of shares
Employees
3,024
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +18.3%

$10.89 on October 31, 2025 to $12.88

ThenNowEffect
Revenue (last 12 months) $1.8bn $1.9bn +7.6%
Net margin 3.8% 4.6% +21.1%
P/E multiple 5.6x 4.9x −13.0%
Share count 35m 33m +4.4%

Biggest factor: net margin.

Last 3 years +32.5%

$9.72 on November 3, 2023 to $12.88

ThenNowEffect
Revenue (last 12 months) $2.0bn $1.9bn −3.6%
P/S multiple 0.2x 0.2x +26.8%
Share count 36m 33m +8.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
SGU+21%+19%+1%+6%+9%+16%
Industry peers (median)+12%+1%−9%+13%+16%+7%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SGU67%33%67%42%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SGU−18%−27%−25%−16%−14%−8%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 36% from September 29, 2017 to March 23, 2020. Getting back needed a 55% gain, reached on August 31, 2020, 161 days after the low.

Price behaviour

52-week range
$10.82 – $13.07
From 52-week high
−1.5%
vs 50-day average
+1.5%
vs 200-day average
+3.9%
Volatility (1 year)
17%
Beta vs S&P 500
0.15

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±2.7%
After a week
3 up, 9 down
typical move ±2.2%
After a month
6 up, 6 down
typical move ±3.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −0.2% −0.4% −0.8% +0.5%
May 6, 2026 +4.5% +1.1% −0.7% −1.4%
February 4, 2026 +2.8% −1.7% −1.2% +0.2%
December 9, 2025 −1.2% +0.6% −2.7% +1.8%
August 6, 2025 −0.5% +0.7% −1.4% −0.5%
May 7, 2025 +1.7% +1.1% −1.4% −3.8%
February 5, 2025 −0.6% +0.8% +1.8% +3.6%
December 4, 2024 −3.4% +0.5% −5.2% −8.0%
July 31, 2024 −2.1% +0.2% +1.6% +2.6%
May 1, 2024 −2.0% +0.6% −0.7% −6.7%
February 7, 2024 +6.6% +0.9% −0.3% +1.9%
December 6, 2023 +7.0% +0.4% +8.4% −5.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Star Group, L.p.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Star Group, L.p. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Star Group, L.p.
$1.7B $1.8B $1.9B $2B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2B Revenue (TTM), FY24 Q1: $1.8B Revenue (TTM), FY24 Q2: $1.8B Revenue (TTM), FY24 Q3: $1.8B Revenue (TTM), FY24 Q4: $1.8B Revenue (TTM), FY25 Q1: $1.7B Revenue (TTM), FY25 Q2: $1.8B Revenue (TTM), FY25 Q3: $1.8B Revenue (TTM), FY25 Q4: $1.8B Revenue (TTM), FY26 Q1: $1.8B Revenue (TTM), FY26 Q2: $1.9B Revenue (TTM), FY26 Q3: $1.9B $1.9B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $2B
FY24 Q1 $1.8B
FY24 Q2 $1.8B
FY24 Q3 $1.8B
FY24 Q4 $1.8B
FY25 Q1 $1.7B
FY25 Q2 $1.8B
FY25 Q3 $1.8B
FY25 Q4 $1.8B
FY26 Q1 $1.8B
FY26 Q2 $1.9B
FY26 Q3 $1.9B
Revenue growth, TTM YoY Star Group, L.p.
-20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -2.7% Revenue growth, TTM YoY, FY24 Q1: -15.4% Revenue growth, TTM YoY, FY24 Q2: -17.0% Revenue growth, TTM YoY, FY24 Q3: -9.6% Revenue growth, TTM YoY, FY24 Q4: -9.6% Revenue growth, TTM YoY, FY25 Q1: -5.8% Revenue growth, TTM YoY, FY25 Q2: 2.4% Revenue growth, TTM YoY, FY25 Q3: -0.9% Revenue growth, TTM YoY, FY25 Q4: 1.0% Revenue growth, TTM YoY, FY26 Q1: 6.3% Revenue growth, TTM YoY, FY26 Q2: 3.1% Revenue growth, TTM YoY, FY26 Q3: 7.6% 7.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -2.7%
FY24 Q1 -15.4%
FY24 Q2 -17.0%
FY24 Q3 -9.6%
FY24 Q4 -9.6%
FY25 Q1 -5.8%
FY25 Q2 2.4%
FY25 Q3 -0.9%
FY25 Q4 1.0%
FY26 Q1 6.3%
FY26 Q2 3.1%
FY26 Q3 7.6%
Operating margin (TTM) Star Group, L.p.
0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 3.2% Operating margin (TTM), FY24 Q1: 3.3% Operating margin (TTM), FY24 Q2: 2.7% Operating margin (TTM), FY24 Q3: 3.6% Operating margin (TTM), FY24 Q4: 2.2% Operating margin (TTM), FY25 Q1: 3.9% Operating margin (TTM), FY25 Q2: 6.3% Operating margin (TTM), FY25 Q3: 6.0% Operating margin (TTM), FY25 Q4: 6.4% Operating margin (TTM), FY26 Q1: 6.5% Operating margin (TTM), FY26 Q2: 8.1% Operating margin (TTM), FY26 Q3: 7.1% 7.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 3.2%
FY24 Q1 3.3%
FY24 Q2 2.7%
FY24 Q3 3.6%
FY24 Q4 2.2%
FY25 Q1 3.9%
FY25 Q2 6.3%
FY25 Q3 6.0%
FY25 Q4 6.4%
FY26 Q1 6.5%
FY26 Q2 8.1%
FY26 Q3 7.1%
FCF margin (TTM) Star Group, L.p.
0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 5.9% FCF margin (TTM), FY24 Q1: 8.0% FCF margin (TTM), FY24 Q2: 7.0% FCF margin (TTM), FY24 Q3: 4.6% FCF margin (TTM), FY24 Q4: 5.7% FCF margin (TTM), FY25 Q1: 5.5% FCF margin (TTM), FY25 Q2: 4.9% FCF margin (TTM), FY25 Q3: 4.6% FCF margin (TTM), FY25 Q4: 3.1% FCF margin (TTM), FY26 Q1: 3.5% FCF margin (TTM), FY26 Q2: 0.5% FCF margin (TTM), FY26 Q3: 3.0% 3.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 5.9%
FY24 Q1 8.0%
FY24 Q2 7.0%
FY24 Q3 4.6%
FY24 Q4 5.7%
FY25 Q1 5.5%
FY25 Q2 4.9%
FY25 Q3 4.6%
FY25 Q4 3.1%
FY26 Q1 3.5%
FY26 Q2 0.5%
FY26 Q3 3.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Star Group took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.8B
  2. Cost of revenue $1.2B · 68.5%
  3. Gross profit $563M · 31.5%
  4. Selling, general and admin $30.5M · 1.7%
  5. Other operating costs $418M · 23.4%
  6. Operating income $114M · 6.4%
  7. Income tax $29.4M · 1.6%
  8. Interest and other $11.6M · 0.6%
  9. Net income $73.5M · 4.1%

Shares of revenue. Source: Star Group's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Sept 2009 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 1,207 1,213 1,591 1,498 1,742 1,962 1,674 1,161 1,324 1,678 1,754 1,467 1,497 2,007 1,953 1,766 1,784 1,912
Gross profit — — 354 298 353 406 471 392 408 463 488 475 478 484 471 502 563 —
EBITDA 102 77 87 76 85 103 120 115 84 99 71 129 165 94 96 94 151 172
Operating income 80 59 67 58 66 80 94 87 55 66 37 93 130 60 63 61 114 136
Net income 131 28 24 26 30 36 38 45 27 56 18 56 88 35 32 35 73 87
Diluted EPS — — — — — — — — — — — — — — — — — $2.64
Growth (year on year)
Revenue — +0.5% +31.2% −5.9% +16.3% +12.6% −14.7% −30.6% +14.0% +26.8% +4.5% −16.3% +2.0% +34.0% −2.7% −9.6% +1.0% +7.6%
EBITDA — −24.7% +13.2% −12.5% +11.5% +21.2% +16.8% −4.3% −26.6% +17.1% −27.9% +80.4% +28.0% −42.9% +2.1% −2.5% +61.2% +21.3%
Operating income — −26.9% +14.1% −12.9% +13.3% +21.0% +17.2% −6.6% −36.7% +19.4% −43.5% +148.9% +40.0% −53.6% +3.5% −2.3% +87.3% +27.7%
Net income — −78.4% −14.0% — — — — +19.6% −40.1% +106.3% −68.2% — +56.9% −59.8% — — — +30.3%
Diluted EPS — — — — — — — — — — — — — — — — — +36.0%
Margins
Gross margin — — 22.2% 19.9% 20.3% 20.7% 28.1% 33.8% 30.9% 27.6% 27.8% 32.4% 31.9% 24.1% 24.1% 28.4% 31.5% —
EBITDA margin 8.5% 6.3% 5.5% 5.1% 4.9% 5.3% 7.2% 9.9% 6.4% 5.9% 4.1% 8.8% 11.0% 4.7% 4.9% 5.3% 8.5% 9.0%
Operating margin 6.6% 4.8% 4.2% 3.9% 3.8% 4.1% 5.6% 7.5% 4.2% 3.9% 2.1% 6.3% 8.7% 3.0% 3.2% 3.5% 6.4% 7.1%
Net margin 10.9% 2.3% 1.5% 1.7% 1.7% 1.8% 2.2% 3.9% 2.0% 3.3% 1.0% 3.8% 5.9% 1.8% 1.6% 2.0% 4.1% 4.6%
Free-cash-flow margin 6.1% 3.2% 2.1% 6.7% 0.7% 4.4% 7.6% 7.9% 0.7% 2.6% 4.9% 11.0% 3.6% 0.8% 5.9% 5.7% 3.1% 3.0%
Cash flow
Cash from operations 78 44 39 106 18 95 137 102 21 57 97 176 69 34 124 111 71 72
Capital spending 4 6 6 6 6 9 10 10 12 14 11 14 15 19 9 11 15 15
Free cash flow 74 39 33 100 12 86 127 92 9 44 86 162 54 15 115 100 56 57
Balance sheet
Cash 195 61 87 108 85 49 101 139 52 15 5 57 5 15 45 117 25 27
Total debt 0 83 124 124 124 125 100 92 76 102 177 123 127 205 148 209 188 173
Net debt (negative = net cash) −195 22 37 16 39 76 −1 −48 23 88 173 66 122 190 103 91 163 146
Diluted shares — 70m 67m 62m 59m 57m 57m 57m 56m 55m 51m 46m 41m 37m 36m 35m 34m 33m
Returned to shareholders
Dividends — 20 21 20 19 20 21 23 24 26 26 24 23 23 24 25 26 27
Buybacks — — 11 20 15 2 1 12 — 27 51 38 43 31 4 11 16 11
Total returned — 20 32 39 35 22 22 35 24 52 77 63 66 54 28 36 42 38

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 3 checks passed · June 30, 2026
What it owns · $1.0bn
Short-term assets $292mLonger-term assets $718m
What it owes, and who funded it · $336m
Short-term liabilities $336m
  • Short-term assets cover short-term liabilities $292m of assets due within a year against $336m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $27m of cash against $173m of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $72m of operating cash flow against $173m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Star Group, L.p.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$11.1M
Dividends (TTM)
$26.6M
Returned to shareholders
66%
of free cash flow
Buybacks, last 3 fiscal years
$31.2M
Diluted share count
−4.2%
year over year
Total shareholder yield
8.9%
dividends 6.3% + buybacks 2.6% of market value
Dividend payout ratio
30%
of net income paid out
Days sales outstanding
31 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in gas utilities
Last 12 months unless stated SGU NJR NFG SPH SR NWN Median
Revenue, last 12 months $1.9bn $2.2bn $2.5bn $1.4bn $2.7bn $1.3bn $1.7bn
Revenue growth, last 12 months 7.6% 6.4% 15.1% −2.5% 19.2% 4.4% 6.4%
Revenue growth, 3-year average −1.2% −2.4% 3.9% −1.1% −4.8% 2.7% 0.8%
Revenue growth, latest quarter 17.2% 16.8% 1.1% 0.5% 19.2% 3.1% 3.7%
Gross margin 22.7% 32.2% 87.7% 63.1% — — 56.6%
Operating margin 7.1% 24.8% 40.3% 15.1% 21.6% 22.8% 19.4%
Operating margin, 3-year average 5.6% 25.3% 29.2% 14.6% 19.9% 19.6% 19.6%
Net margin 4.6% 16.4% 26.9% 9.4% 20.1% 9.7% 11.4%
Cash from operations / revenue 3.7% 29.6% 50.6% 13.0% 22.3% 16.5% 19.0%
Free-cash-flow margin 3.0% 20.5% 8.8% 7.3% −8.1% −20.6% 2.2%
Free-cash-flow margin, 3-year average 4.1% 16.7% 7.2% 8.1% −5.8% −16.2% 2.6%
Stock pay / revenue — — 0.7% — 0.3% — 0.8%
Change in share count −4.2% 0.9% 2.3% 1.2% 1.3% 4.3% 1.3%

Median of all 12 companies we cover in gas utilities. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 gas utilities companies
Measure Company Peer median Rank
Revenue growth Growth 7.6% 6.5% 5 of 12
Change in growth rate Growth +4.5pp -1.1pp 2 of 12
Operating margin Profitability 7.1% 21.6% 10 of 12
Net margin Profitability 4.6% 13.1% 10 of 12
Free-cash-flow margin Cash generation 3.0% 2.6% 5 of 12
Long-term debt as % of assets Balance sheet 15.0% 39.9% 1 of 12
Change in share count Balance sheet -4.2% 2.0% 2 of 10
Days sales outstanding Balance sheet 31 days 35 days 3 of 8

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 30, 2025
Products and services
Line of business Revenue YoY
Products $1.4B ▼ 0.8%
Public Utilities Inventory Petroleum Products $1.4B ▼ 0.8%
Home Heating Oil and Propane $1.1B ▲ 3.5%
Installation and Services $347M ▲ 9.3%
Motor Fuel and Other Petroleum Products $318M ▼ 13.4%
Equipment Maintenance Service Contracts and Billable Call Services $212M ▲ 9.2%
Equipment Maintenance Service Contracts $136M ▲ 5.1%
Equipment Installations $135M ▲ 9.4%
Billable Call Services $75.6M ▲ 17.5%

These categories overlap or exclude eliminations, so shares aren't shown.

From Star Group, L.p.'s 10-K filed December 9, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$176M
Institutions reporting
72
Shares held vs prior quarter
▼ 0.1%
Positions opened / closed
7 / 4

Top buyers and sellers, Q2 2026: 26 institutions bought and 20 sold ; the biggest buyer was Maridea Wealth Management LLC (+43K shares) and the biggest seller Jpmorgan Chase & Co (−54K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Hartree Partners, LP $43.7M 3.4M 24.7% 0.0%
Bandera Partners LLC $35.3M 2.7M 20.0% 0.0%
Summit Trail Advisors, LLC $26.1M 2.0M 14.8% ▲ 0.4%
Lubar & Co., Inc $16.6M 1.3M 9.4% 0.0%
Oakcliff Capital Partners, LP $14.1M 1.1M 8.0% 0.0%
Renaissance Technologies LLC $11.3M 881K 6.4% ▼ 3.2%
Jpmorgan Chase & Co $7.9M 606K 4.5% ▼ 8.2%
Joel Isaacson & Co., LLC $2.5M 192K 1.4% 0.0%
Blackstone Inc. $2.1M 166K 1.2% ▼ 4.4%
Doliver Advisors, LP $1.8M 140K 1.0% 0.0%
Arrowstreet Capital, Limited Partnership $1.7M 132K 1.0% ▲ 2.3%
Crossingbridge Advisors, LLC $1.3M 100K 0.7% ▼ 8.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Star Group, L.p.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $1,257 1 trade by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $1,257 net buying
Insider Date Trade Shares Price Value
Hammond Jeffrey S Chief Operating Officer November 5, 2025 Buy 105 $11.99 $1,257

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 4, 2026
  • December 9, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Star Group, L.p. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Star Group, L.p. in brief

What does Star Group, L.p. do?
Star Group, L.p. is a US-listed company in the gas utilities industry. Its financial year ends in September.
What is Star Group, L.p.'s stock ticker?
Star Group, L.p. trades under the ticker SGU on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Star Group, L.p.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Star Group, L.p. reported revenue of $1.9B, 7.6% higher than a year earlier, according to its SEC filings.
What is Star Group, L.p.'s free cash flow?
Star Group, L.p.'s free-cash-flow margin is 3.0% of revenue over the trailing twelve months, ranking 5 of the 12 gas utilities companies we cover.
What is Star Group, L.p.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Star Group, L.p.'s free cash flow after stock-based pay gives ~$37 per share in the base case, and ~$27–$51 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Star Group, L.p.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Hartree Partners, LP, Bandera Partners LLC and Summit Trail Advisors, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Star Group, L.p. buying back stock, and does it pay a dividend?
Star Group, L.p. spent $11.1M on share repurchases over the trailing twelve months, and its diluted share count fell 4.2% over the year.
What is Star Group, L.p.'s market cap?
On November 2, 2026, Star Group, L.p.'s market capitalisation was about $426M, with a price-to-earnings ratio of 4.9 and net debt of $146M. Market figures come from third-party market data and may be delayed.
Does Star Group, L.p. pay a dividend?
Yes: Star Group, L.p. paid $26.6M in dividends over the trailing twelve months, a dividend yield of 6.28% and a payout ratio of 30.4%.
Who are Star Group, L.p.'s competitors?
In our Gas Utilities peer group, the companies closest to Star Group, L.p. are NEW Jersey Resources Corp, National Fuel GAS Co, Suburban Propane Partners LP, Spire Inc and Northwest Natural Holding Co. The side-by-side comparison below sets their revenue, margins and growth against Star Group, L.p.'s.
Are insiders buying or selling Star Group, L.p. stock?
Over the last 12 months, Star Group, L.p.'s directors and officers reported 1 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Star Group, L.p.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Star Group, L.p. announces its own schedule.