Overview

* Star Group ( SGU ) fiscal Q3 revenue falls 7.8% yr/yr due to lower product sales

* Net loss increases to $16.6 mln, impacted by higher depreciation and interest expenses

* Adjusted EBITDA loss of $10.6 mln, affected by reduced margins and sales volume

Outlook

* Company focuses on growing propane and heating oil customer base

* Company aims to improve service and installation profitability

Result Drivers

* WARMER WEATHER - Co attributes reduced sales volume to 2% warmer temperatures compared to last year and 19.3% warmer than normal

* CUSTOMER ATTRITION - Net customer attrition contributed to a 3.8% decline in home heating oil and propane volume

* LOWER WHOLESALE COSTS - Decline in wholesale product costs led to decreased selling prices, impacting revenue

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales $305.62

mln

Q3 Net -$16.63

Income mln

Q3 -$10.58

Adjusted mln

EBITDA

Q3 -$19.18

Operatin mln

g Income

Q3 -$23.09

Pretax mln

Profit

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)