FORT LAUDERDALE, Fla., Feb. 9, 2026 /PRNewswire/ -- From hand-stretched dough to time-honored Italian techniques perfected at sea, Princess Cruises proudly announces that Alfredo's Pizzeria aboard Sun Princess and Star Princess has been awarded the prestigious Ospitalità Italiana Certification, the highest global recognition for authentic Italian cuisine and hospitality. This honor affirms Princess Cruises' commitment to delivering genuine Italian flavors at sea using fresh ingredients, preservation of trad ...

Chief Financial Officer Rich Ambury reported that home heating oil and propane volume increased by 11.5 million gallons, or 14%, to about 94 million gallons. He said volume gains from acquisitions and colder temperatures were partially offset by net customer attrition and other factors.Woosnam also said cold conditions continued into the second quarter. According to his comments, January finished 2% colder than the prior year and 9% colder than normal. He emphasized employee performance amid snow and ice co ...

Shares of Star Group, L.P. Common Unit (SGU) have gained 5.7% since reporting results for the first quarter of fiscal 2026. This compares with the S&P 500 index’s 3.8% decline over the same time frame. Over the past month, the stock has gained 10.4% compared with the S&P 500’s 1.1% return.Earnings & Revenue PerformancesFor first-quarter fiscal 2026 ended Dec. 31, 2025, Star Group reported total revenues of $539.3 million, representing a 10.5% increase from $488.1 million in the year-ago period, driven by hi ...

Financial Data and Key Metrics Changes - Adjusted EBITDA increased by $16.5 million or 32% year-over-year, reaching $68 million, despite a $5 million charge to the weather hedge program [4][9] - Net income rose by $3 million to $36 million, impacted by a $10 million unfavorable non-cash change in the fair value of derivative instruments [8] - Product gross profit increased by $29 million or 19% to approximately $179 million due to higher sales volume and per-gallon margins [6][7] Business Line Data and Key Metrics Changes - Home heating oil and propane volume rose by 11.5 million gallons or 14% to approximately 94 million gallons, driven by acquisitions and colder temperatures [6] - Gross profit from service and installations was $5.6 million, down from $6.9 million year-over-year, with installation gross profit increasing by $1.4 million but service gross profit loss increasing by $2.7 million [7] Market Data and Key Metrics Changes - Temperatures in the operational areas were 19% colder than the same period last year and 6% colder than normal, significantly impacting demand and operational challenges [4][6] Company Strategy and Development Direction - The company is focused on improving efficiency, operational execution, and maintaining service and installation profitability while managing costs [4][6] - The company anticipates new acquisition opportunities as it approaches spring, despite a slight lull in prospect activity during the busy heating season [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in handling operational challenges due to persistent cold weather, highlighting employee dedication to customer service [5][14] - The company remains vigilant in providing excellent customer service and controlling costs while preparing for potential challenges in the heating season [6] Other Important Information - A $5 million non-cash charge was recorded related to the change in the fair value of derivative instruments, contrasting with a $5 million credit in the previous year [8] Q&A Session Summary Question: Commentary on operational performance given the persistent cold weather - Management noted that January was colder than normal and expressed confidence in the company's ability to manage operational challenges, emphasizing employee commitment to customer service [12][14]

Financial Data and Key Metrics Changes - Fiscal 2026 started positively with adjusted EBITDA increasing by $16.5 million or 32% year-over-year, net of a $5 million charge to the weather hedge program [4][9] - Net income rose by $3 million to $36 million, despite a $10 million unfavorable non-cash change in the fair value of derivative instruments [8] - Product gross profit increased by $29 million or 19% to approximately $179 million due to higher home heating oil and propane volume sold and improved per-gallon margins [6][7] Business Line Data and Key Metrics Changes - Home heating oil and propane volume rose by 11.5 million gallons or 14% to approximately 94 million gallons, driven by acquisitions and colder temperatures [6] - Gross profit from service and installations was $5.6 million, down from $6.9 million in the prior year, with installation gross profit increasing by $1.4 million but service gross profit loss increasing by $2.7 million [7] Market Data and Key Metrics Changes - Temperatures in the operational areas were 19% colder than the same period last year and 6% colder than normal, significantly impacting demand and operational performance [6][4] Company Strategy and Development Direction - The company remains focused on providing excellent customer service, managing costs, and growing service and installation profitability [5] - Despite not closing any acquisitions in the first quarter, the company completed a purchase of a small heating oil business shortly after the quarter ended, indicating ongoing strategic growth efforts [5] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in handling operational challenges due to persistent cold weather, highlighting employee dedication and service quality [4][14] - The company is prepared to address challenges and opportunities in the remainder of the heating season, with a strong operational forecast [6][14] Other Important Information - Delivery, branch, and G&A expenses rose by $11 million compared to the prior year, with $5 million attributed to weather hedge contracts and $3.8 million due to increased delivery expenses [7] Q&A Session Summary Question: Commentary on operational performance in the second quarter given persistent cold weather - Management noted that January was colder than normal and February is starting similarly, with strong forecasts ahead. They acknowledged the challenges but expressed confidence in their operational capabilities and employee performance [12][14]

Star Group (NYSE:SGU) Q1 2026 Earnings call February 05, 2026 11:00 AM ET Speaker2Good day and welcome to the Star Group Fiscal 2026 first quarter results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on your telephone keypad. To withdraw your question, please press st ...

Revenue Growth - Star Group reported a 10.5% increase in total revenue for Q1 fiscal 2026, reaching $539.3 million compared to $488.1 million in Q1 fiscal 2025[2]. - Total revenue increased to $35,790 million from $32,884 million, representing a growth of approximately 8.7% year-over-year[18]. Sales Volume - The volume of home heating oil and propane sold increased by 11.5 million gallons, or 13.9%, totaling 93.9 million gallons in Q1 fiscal 2026[2]. - Home heating oil and propane gallons sold increased to 93,900 from 82,400, reflecting a growth of approximately 13.3%[18]. - Total sales of all products reached 123,800 gallons, up from 113,100 gallons, showing an increase of about 9.5%[18]. Profitability - Net income rose by $2.9 million to $35.8 million, driven by a $16.5 million increase in Adjusted EBITDA, despite a $10.7 million unfavorable change in derivative instruments[3]. - Adjusted EBITDA for Q1 fiscal 2026 was $68.4 million, up from $51.9 million in Q1 fiscal 2025, reflecting a 32% year-over-year increase[4][5]. - Adjusted EBITDA rose to $68,388 million compared to $51,864 million, marking a significant increase of about 31.8%[18]. Weather Impact - The colder temperatures in Star's operational areas were 18.8% colder than the same period last year, contributing to increased demand[5]. - The company experienced a $5.0 million expense related to weather hedge contracts due to colder temperatures, compared to no expense in the prior year[4]. Asset Management - Total current assets increased to $324.8 million as of December 31, 2025, up from $207.3 million at the end of September 2025[14]. - Total assets reached $1.054 billion as of December 31, 2025, compared to $937.3 million at the end of September 2025[14]. - The company’s total partners' capital increased to $321.8 million from $296.8 million in the previous quarter[14]. Cash Flow and Financing - Net cash used in operating activities improved to $(55,182) million from $(64,564) million, indicating a reduction in cash outflow[18]. - Net cash provided by financing activities surged to $55,315 million from $673 million, indicating a strong improvement in financing[18]. - The change in other operating assets and liabilities resulted in a positive cash flow of $39,652 million, up from $21,103 million[18]. Credit Management - The increase in accounts receivables was $(95,827) million, compared to $(81,476) million, highlighting a significant rise in credit sales[18]. - The company experienced a decrease in customer credit balances by $(27,547) million, compared to $(16,199) million, indicating improved credit management[18]. Future Focus - Star Group plans to continue focusing on customer service and profitability in installations and services amid ongoing cold weather conditions[5].

STAMFORD, Conn., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today filed its fiscal 2026 quarterly report on Form 10-Q with the SEC and announced financial results for its fiscal 2026 first quarter, the three months ended December 31, 2025. Three Months Ended December 31, 2025 Compared to the Three Months Ended December 31, 2024For the fiscal 2026 first quarter, Star reported a 10.5 percent increase in total revenu ...

Financial Performance - Total sales for the three months ended December 31, 2025, increased to $539,256,000, up 10.5% from $488,063,000 in the same period of 2024[12] - Net income for the three months ended December 31, 2025, was $35,790,000, representing a 8.6% increase compared to $32,884,000 in 2024[16] - Basic and diluted income per Limited Partner Unit rose to $0.89, up from $0.79 in the prior year, reflecting a 12.7% increase[12] - Operating income for the three months ended December 31, 2025, was $54,238,000, a 10.3% increase from $49,219,000 in 2024[12] - Total comprehensive income for the three months ended December 31, 2025, was $36,077,000, up from $33,624,000 in 2024, reflecting a 7.3% increase[16] - Adjusted EBITDA for the three months ended December 31, 2025, was $68,388,000, representing a 31.7% increase from $51,864,000 in 2024[93] - Net income for the three months ended December 31, 2025, increased by $2.9 million to $35.8 million, primarily due to a $16.5 million increase in Adjusted EBITDA[143] Assets and Liabilities - Total current assets increased to $324,816,000 as of December 31, 2025, compared to $207,281,000 as of September 30, 2025, marking a 56.5% growth[10] - Total liabilities increased to $732,663,000 as of December 31, 2025, up from $516,351,000 as of September 30, 2025, indicating a 41.9% rise[10] - Cash and cash equivalents decreased to $19,857,000 from $24,683,000, a decline of 19.5%[10] - The company reported an increase in receivables to $198,210,000, up from $102,119,000, which is an increase of 94.2%[10] - Total inventory increased to $69,559,000 as of December 31, 2025, compared to $47,022,000 as of September 30, 2025, representing a 47.8% increase[68] - The Company reported total debt of $254,808,000 as of December 31, 2025, compared to $188,118,000 as of September 30, 2025, indicating a significant increase in leverage[72] Revenue Sources - Revenue from home heating oil and propane was $372.6 million, up 15.4% from $322.8 million in the prior year[44] - For the three months ended December 31, 2025, retail volume of home heating oil and propane sold increased by 11.5 million gallons, or 13.9%, to 93.9 million gallons compared to 82.4 million gallons for the same period in 2024[123] - Product sales increased by $48.5 million, or 12.1%, to $448.0 million for the three months ended December 31, 2025, driven by a 9.4% increase in total volume sold and higher average selling prices[124] - Installation and service revenue rose by $2.7 million, or 3.0%, to $91.3 million for the three months ended December 31, 2025, supported by recent acquisitions and expanded service offerings[125] Expenses and Costs - Cost of product increased by $19.8 million, or 8.0%, to $268.5 million for the three months ended December 31, 2025, due to a 9.4% increase in total volume sold, partially offset by a decrease in wholesale product cost of $0.0290 per gallon, or 1.3%[126] - Delivery and branch expenses increased by $10.6 million, or 10.7%, to $109.9 million for the three months ended December 31, 2025, influenced by colder weather and recent acquisitions[135] - Service expense increased by $3.6 million, or 7.0%, to $55.0 million for the three months ended December 31, 2025, representing 106.5% of service sales[130] Cash Flow and Financing - The company experienced a net cash used in operating activities of $55,182,000 for the three months ended December 31, 2025, compared to $64,564,000 in 2024[21] - The company repaid $5.3 million of its term loan and borrowed $71.9 million under its revolving credit facility during the three months ended December 31, 2025[154] - Availability under the revolving credit facility was $168,600,000 as of December 31, 2025, indicating compliance with financial covenants[81] - The company expects to pay $15.8 million for the remainder of fiscal 2026 for its term loan, which is repayable in quarterly payments of $5.3 million[159] Risk Management and Derivatives - The company has utilized weather hedge contracts with a maximum potential payout of $15.0 million for fiscal years 2026 and 2025[34] - The company held derivative instruments totaling 14.5 million gallons of swap contracts and 5.3 million gallons of call options to hedge against heating oil price fluctuations[58] - The company has interest rate swap agreements covering $73.6 million, or 40%, of its long-term debt, with a fair value of $(0.6 million) as of December 31, 2025[60] - A hypothetical 10% increase in product costs would increase the fair market value of outstanding derivatives by $6.8 million, while a 10% decrease would decrease it by $3.9 million[171] Corporate Governance and Compliance - The company believes that its controls system provides reasonable assurance of achieving control objectives, as concluded by the CEO and CFO as of December 31, 2025[176] - Management opines that there are no ongoing litigations that could materially affect the company's operations, financial position, or liquidity[178] - There have been no material changes to the risk factors affecting the company's business since the last Form 10-K report[180] - The company has not adopted or terminated any trading plans during the quarter ended December 31, 2025[186]

Core Insights - Star Copper Corp has completed its reconnaissance field program at the Copperline Property, confirming historic copper-silver mineralization and submitting a drill permit for 2026 [1][2] Group 1: Company Overview - Star Copper Corp is focused on critical mineral exploration and development, particularly in high-grade copper assets in British Columbia [1] - The Copperline Property consists of eight mineral claims totaling approximately 4,502 hectares, located near Skutsil Knob in British Columbia [1] Group 2: Field Program Highlights - The inaugural reconnaissance field program confirmed visible copper mineralization at the historic Beaman Adit, with four rock grab samples collected [1] - Infill soil sampling was completed to test extensions of known geochemical anomalies, with results pending [1][2] - The 2023 soil sampling program returned highly anomalous copper values, including results of 449 ppm Cu and 463 ppm Cu, with anomalies remaining open to the east and south [1][2] Group 3: Mineralization and Geological Insights - The Copperline Property hosts volcanic redbed copper-silver mineralization, with geological similarities to the Sustut copper deposit [1] - Mineralization consists of disseminated and stringer bornite, tetrahedrite, chalcopyrite, and chalcocite, hosted within calc-alkaline volcanics of the Lower Jurassic Telkwa Formation [1] - Historic drill intercepts from 1973-74 reported significant copper and silver grades, including 2.54% Cu and 450.4 g/t Ag [1][2] Group 4: Future Exploration Potential - Several historically recommended exploration activities remain untested, including an IP geophysical survey and drilling at priority targets such as the West Zone and Dave's Zone [2] - The historic mineral inventory estimate of approximately 900,000 tonnes grading 2% Cu and 48 g/t Ag is included for informational purposes only and has not been verified [2]