Core Viewpoint - Star Gold Corp. has expanded its executive leadership team by appointing Lindsay Gorrill as Chief Executive Officer and Gerry Pascale as Chief Financial Officer, aiming to strengthen its strategic direction and operational execution as it advances its Longstreet mining project [1]. Group 1: Leadership Appointments - Lindsay Gorrill has been appointed as Chief Executive Officer effective February 9, 2026, transitioning from his role as Chairman and past Chief Financial Officer [1]. - Gerry Pascale has been appointed as Chief Financial Officer, bringing over 20 years of senior financial leadership experience [1]. Group 2: Executive Experience - Lindsay Gorrill has over 30 years of experience in the mining industry, known for building mines and companies from discovery to full-scale production [1]. - Gerry Pascale has extensive expertise in public company financial reporting, capital markets, SEC compliance, and governance, having previously served as CFO of Netfin Acquisition Corp. [1]. Group 3: Company Focus and Strategy - Star Gold Corp. is focused on developing scalable, high-margin gold and silver assets in Nevada, particularly advancing its flagship Longstreet Gold-Silver Project [1]. - The Longstreet Project spans approximately 2,600 acres, comprising 137 unpatented mining claims and 5 additional unpatented claims, with plans to support a potential Environmental Impact Statement (EIS) [1].

Core Viewpoint - Lone Star Funds has successfully completed the acquisition of Hillenbrand, Inc. in an all-cash transaction valued at approximately $3.8 billion, marking a significant milestone for both companies [1]. Group 1: Acquisition Details - The acquisition was announced on October 15, 2025, and received shareholder approval on January 8, 2026 [1]. - Following the completion of the acquisition, Hillenbrand's common stock will cease trading and will be delisted from the New York Stock Exchange [1]. Group 2: Company Statements - Kim Ryan, President and CEO of Hillenbrand, expressed confidence in the partnership with Lone Star and emphasized a focus on customer service and growth [1]. - Donald Quintin, CEO of Lone Star, highlighted Hillenbrand's potential for growth and innovation with the new investment [1]. Group 3: Company Backgrounds - Hillenbrand is recognized as a global industrial company providing highly-engineered processing equipment and solutions, serving markets such as durable plastics, food, and recycling [1]. - Lone Star is a leading investment firm with over 30 years of experience in private equity, credit, and real estate, managing approximately $95 billion in capital commitments across 25 private equity funds since its inception [1].

Core Insights - Star Copper Corp. is preparing to mobilize an advanced deep-penetrating geophysical survey at its flagship Star Project to enhance its exploration strategy [1] Group 1 - The company is focused on a technology-driven survey to advance its exploration efforts in northwestern British Columbia [1]

Core Viewpoint - Princess Cruises has been awarded the Ospitalità Italiana Certification for Alfredo's Pizzeria aboard Sun Princess and Star Princess, recognizing its commitment to authentic Italian cuisine and hospitality [1][2]. Group 1: Certification and Recognition - The Ospitalità Italiana Certification is a prestigious global recognition awarded to establishments that uphold Italy's culinary heritage, reinforcing Princess Cruises as a destination for authentic Italian dining [2]. - This certification highlights Princess Cruises' dedication to using fresh ingredients and traditional culinary techniques, ensuring guests experience genuine Neapolitan-style pizza [2][4]. Group 2: Culinary Partnerships and Offerings - Princess Cruises celebrates its partnership with chef Tony Gemignani, a 13-time World Pizza Champion, who contributes his expertise to Alfredo's Pizzeria [3][4]. - Chef Gemignani has created five unique pizzas for Princess, featuring premium ingredients and innovative flavors, further enhancing the cruise line's reputation for offering the "Best Pizza at Sea" as recognized by USA Today [4]. Group 3: Company Overview - Princess Cruises is part of Carnival Corporation & plc and is known for delivering dream vacations with elite service and a variety of experiences across numerous sought-after destinations [5]. - The company operates a fleet of 17 ships, including the recently launched Star Princess, which has been recognized as the Condé Nast Traveler Mega Ship of the Year for two consecutive years [5].

Core Insights - The company reported a significant increase in home heating oil and propane volume, rising by 11.5 million gallons, or 14%, to approximately 94 million gallons, driven by acquisitions and colder temperatures, although offset by net customer attrition and other factors [1] - Adjusted EBITDA increased by $16.5 million, or 32%, to $68 million, primarily due to colder-than-normal weather, recent acquisitions, and effective per-gallon margin management [2][5] - The company experienced a modest net customer attrition during the period, despite operational challenges posed by persistent cold temperatures [2][3] Financial Performance - Product gross profit rose by roughly $29 million, or 19%, to approximately $179 million, attributed to higher volume and improved per-gallon margins [5][6] - Combined service and installation gross profit declined to $5.6 million from $6.9 million in the previous year, with installation gross profit increasing by $1.4 million but service gross profit worsening due to high service demand and additional costs [6] - Net income increased by $3 million to $36 million, reflecting the rise in adjusted EBITDA, partially offset by unfavorable changes in the fair value of derivative instruments [9][10] Expenses and Costs - Delivery, branch, and general & administrative expenses increased by $11 million compared to the prior year, with $5 million attributed to weather hedge contracts due to colder temperatures [7][8] - Delivery expenses rose by $3.8 million, or 13%, largely due to the 14% increase in heating oil and propane volume sold [8] Acquisitions and Future Outlook - The company did not close any acquisitions during the quarter but completed the purchase of a small heating oil business shortly thereafter, with expectations for additional prospects as the company approaches spring [13] - The company remains focused on customer service, cost control, and growing service and installation profitability, with plans to report fiscal 2026 second-quarter results in May [14] Company Overview - Star Group, L.P. provides home heating oil and propane products and services to residential and commercial customers in the U.S., serving approximately 402,200 full-service customers and 52,400 delivery-only customers as of September 30, 2023 [15]

Core Viewpoint - Star Group, L.P. has demonstrated strong financial performance in the first quarter of fiscal 2026, with significant revenue and net income growth, outperforming the S&P 500 index during the same period [1][2]. Earnings & Revenue Performances - Total revenues for the first quarter of fiscal 2026 reached $539.3 million, a 10.5% increase from $488.1 million in the same period last year, driven by higher product volumes and growth in service and installation revenues [2]. - Net income rose by 9% to $35.8 million from $32.9 million year-over-year [2]. Net Income and Profitability Metrics - Net income available to limited partners increased to $35.4 million from $32.6 million, with basic and diluted income per unit rising 12.7% to 89 cents from 79 cents in the prior-year quarter [3]. - Adjusted EBITDA climbed 32% year-over-year to $68.4 million from $51.9 million [3]. Operational Performance - The quarter benefited from a significant increase in heating demand, with home heating oil and propane volumes rising by 11.5 million gallons, or 13.9%, to 93.9 million gallons [4]. - Total product sales increased to $448 million from $399.5 million, while installation and service revenues grew to $91.3 million from $88.6 million [4]. Product Gross Profit and Margin Analysis - Product gross profit improved due to higher volumes and better per-gallon margins, although service operations faced margin pressure from elevated costs related to cold weather and increased propane tank installations [5]. Management Commentary - Management characterized the start of fiscal 2026 as strong, attributing success to acquisitions, operational execution, and colder weather conditions, which were nearly 19% colder than the previous year [6]. - The CEO highlighted improvements in efficiency and supply management, leading to significant bottom-line gains despite operational challenges [7]. Weather Impact on Financials - Weather conditions significantly influenced quarterly results, with colder temperatures boosting heating volumes but also incurring $5 million in expenses related to weather hedge contracts [8]. - Star Group experienced a $10.7 million unfavorable change in the fair value of derivative instruments, partially offsetting gains from higher Adjusted EBITDA [9]. Outlook - Management noted that cold weather conditions persisted into the second quarter, with January being colder than both the previous year and historical norms [10]. - The company expressed confidence in managing through challenging conditions while maintaining service levels and cost discipline, with a focus on customer service and expense control [11].

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]

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][10] - 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 [9] - 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 [7][8] 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 [7] - 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 due to high demand [7][8] 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 [4][7] Company Strategy and Development Direction - The company is focused on improving customer service, managing costs, and enhancing service and installation profitability, while remaining vigilant in addressing challenges and opportunities during the heating season [5][6] - The company completed a small acquisition of a heating oil business and anticipates further opportunities as the heating season progresses [5] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in handling operational challenges posed by persistent cold weather, highlighting employee dedication to customer service [5][14] - While it is early to predict the full fiscal year outcome, the company is prepared to address potential challenges and opportunities [6] 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 [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 their operational capabilities, emphasizing employee commitment to customer service despite challenging conditions [14]

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].