Star Group LP (SGU) financial statements: income statement, balance sheet and cash flow
Star Group LP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), Star Group LP reported revenue of $1.8B (+1.0% year on year) and net income of $73.5M (+108.7% year on year).
Income statement
Star Group LP income statement, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Total sales
$1.8B
$1.8B
$2.0B
$2.0B
Cost and expenses
$1.2B
$1.3B
$1.5B
$1.5B
(Increase) decrease in the fair value of derivative instruments
($13.4M)
$19.0M
$2.0M
$17.3M
Delivery and branch expenses
$400.8M
$366.4M
$353.6M
$353.5M
Depreciation and amortization expenses
$35.4M
$31.5M
$32.4M
$32.6M
General and administrative expenses
$30.5M
$28.4M
$25.8M
$24.9M
Finance charge income
($4.9M)
($4.6M)
($5.5M)
($4.5M)
Operating income
$114.5M
$61.1M
$62.5M
$60.5M
Interest expense, net
($14.3M)
($11.6M)
($15.5M)
($10.5M)
Amortization of debt issuance costs
($1.1M)
($988.0K)
($1.1M)
($955.0K)
Other income, net
$3.8M
—
—
—
Income before income taxes
$102.9M
$48.6M
$45.9M
$49.0M
Income tax expense
$29.4M
$13.3M
$14.0M
$13.7M
Net income
$73.5M
$35.2M
$31.9M
$35.3M
General Partner’s interest in net income
$677.0K
$311.0K
$288.0K
$281.0K
Limited Partner interest in net income (loss)
$72.8M
$34.9M
$31.7M
$35.0M
Basic and diluted income per Limited Partner Unit:
$1.82
$0.9
$0.81
$0.85
Weighted average number of Limited Partner units outstanding: Basic
34.3M
35.3M
35.7M
37.4M
Weighted average number of Limited Partner units outstanding: Diluted
34.3M
35.3M
35.7M
37.4M
Star Group LP income statement, quarters
Line item
Jun 30, 2026 · Q3
Mar 31, 2026 · Q2
Dec 31, 2025 · Q1
Jun 30, 2025 · Q3
Total sales
$358.1M
$766.7M
$539.3M
$305.6M
Cost and expenses
$270.7M
$490.8M
$354.2M
$219.8M
(Increase) decrease in the fair value of derivative instruments
$8.0M
($26.8M)
$5.4M
($603.0K)
Delivery and branch expenses
$98.9M
$129.8M
$109.9M
$90.6M
Depreciation and amortization expenses
$8.3M
$8.3M
$8.8M
$9.2M
General and administrative expenses
$8.0M
$8.7M
$7.6M
$7.6M
Finance charge income
($1.9M)
($1.3M)
($878.0K)
($1.8M)
Operating income (loss)
($34.1M)
$157.2M
$54.2M
($19.2M)
Interest expense, net
($3.6M)
($4.1M)
($3.8M)
($3.6M)
Amortization of debt issuance costs
($259.0K)
($265.0K)
($262.0K)
($274.0K)
Income (loss) before income taxes
($37.9M)
$152.8M
$50.2M
($23.1M)
Income tax expense (benefit)
($9.9M)
$44.5M
$14.4M
($6.5M)
Net income (loss)
($28.0M)
$108.3M
$35.8M
($16.6M)
General Partner's interest in net income (loss)
($275.0K)
$1.1M
$349.0K
($157.0K)
Limited Partners' interest in net income (loss)
($27.7M)
$107.2M
$35.4M
($16.5M)
Basic and diluted income (loss) per Limited Partner Unit
($0.84)
$2.66
$0.89
($0.48)
Weighted average number of Limited Partner units outstanding, Basic
32.8M
32.9M
33.1M
34.3M
Weighted average number of Limited Partner units outstanding, Diluted
32.8M
32.9M
33.1M
34.3M
Balance sheet
Star Group LP balance sheet, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Cash and cash equivalents
$24.7M
$117.3M
$45.2M
$14.6M
Receivables, net of allowance of $7,196 and $6,434, respectively
$102.1M
$95.0M
$114.1M
$138.3M
Inventories
$47.0M
$41.6M
$56.5M
$83.6M
Fair asset value of derivative instruments
$790.0K
$0
$10.7M
$16.8M
Prepaid expenses and other current assets
$32.7M
$27.6M
$28.3M
$32.0M
Total current assets
$207.3M
$281.5M
$254.7M
$288.3M
Property and equipment, net
$128.6M
$104.5M
$105.4M
$107.7M
Operating lease right-of-use assets
$93.3M
$91.1M
$90.6M
$93.4M
Goodwill
$293.4M
$275.8M
$262.1M
$254.1M
Intangibles, net
$124.9M
$98.7M
$76.3M
$84.5M
Restricted cash
$250.0K
$250.0K
$250.0K
$250.0K
Captive insurance collateral
$78.2M
$74.9M
$70.7M
$66.7M
Deferred charges and other assets, net
$11.5M
$12.8M
$15.4M
$17.5M
Total assets
$937.3M
$939.6M
$875.5M
$912.5M
Accounts payable
$33.7M
$31.5M
$35.6M
$49.1M
Revolving credit facility borrowings
$0
$5.0K
$240.0K
$20.3M
Fair liability value of derivative instruments
$1.4M
$14.0M
$118.0K
$183.0K
Current maturities of long-term debt
$21.0M
$21.0M
$20.5M
$12.4M
Current portion of operating lease liabilities
$19.9M
$19.8M
$18.1M
$17.2M
Accrued expenses and other current liabilities
$119.5M
$116.3M
$115.6M
$125.6M
Unearned service contract revenue
$66.9M
$66.4M
$63.2M
$62.9M
Customer credit balances
$86.8M
$104.7M
$111.5M
$93.6M
Total current liabilities
$349.2M
$373.8M
$364.9M
$381.1M
Long-term debt
$167.1M
$187.8M
$127.3M
$151.7M
Long-term operating lease liabilities
$77.2M
$75.9M
$77.6M
$81.4M
Deferred tax liabilities, net
$30.8M
$21.9M
$25.8M
$25.6M
Other long-term liabilities
$16.2M
$16.3M
$16.2M
$14.8M
Common unitholders
$314.7M
$282.1M
$281.9M
$277.2M
General partner
($6.6M)
($5.7M)
($4.6M)
($3.7M)
Accumulated other comprehensive loss, net of taxes
($11.3M)
($12.5M)
($13.5M)
($15.6M)
Total partners’ capital
$296.8M
$263.9M
$263.7M
$257.9M
Total liabilities and partners’ capital
$937.3M
$939.6M
$875.5M
$912.5M
Star Group LP balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Dec 31, 2025
Jun 30, 2025
Cash and cash equivalents
$27.0M
$12.2M
$19.9M
$28.1M
Receivables, net of allowance of $8,938 and $7,196, respectively
$160.1M
$262.2M
$198.2M
$129.3M
Inventories
$58.3M
$80.9M
$69.6M
$43.4M
Fair asset value of derivative instruments
$10.8M
$30.9M
$0
—
Prepaid expenses and other current assets
$35.6M
$55.4M
$37.2M
$31.7M
Total current assets
$291.8M
$441.6M
$324.8M
$233.5M
Property and equipment, net
$127.0M
$127.5M
$127.7M
$127.0M
Operating lease right-of-use assets
$94.0M
$93.1M
$97.5M
$90.4M
Goodwill
$294.0M
$294.0M
$293.4M
$293.4M
Intangibles, net
$112.0M
$116.7M
$120.1M
$130.1M
Restricted cash
$250.0K
$250.0K
$250.0K
$250.0K
Captive insurance collateral
$80.4M
$79.7M
$79.0M
$77.3M
Deferred charges and other assets, net
$10.7M
$11.5M
$11.3M
$11.9M
Total assets
$1.0B
$1.2B
$1.1B
$963.8M
Accounts payable
$35.9M
$44.2M
$54.6M
$30.5M
Revolving credit facility borrowings
$0
$87.4M
$71.9M
$0
Fair liability value of derivative instruments
$0
$0
$8.4M
$1.6M
Current maturities of long-term debt
$21.0M
$21.0M
$21.0M
$21.0M
Current portion of operating lease liabilities
$20.3M
$20.4M
$21.4M
$21.1M
Accrued expenses and other current liabilities
$151.4M
$168.4M
$127.3M
$133.2M
Unearned service contract revenue
$68.0M
$76.1M
$78.0M
$67.5M
Customer credit balances
$39.5M
$29.7M
$59.3M
$56.6M
Total current liabilities
$336.1M
$447.1M
$441.7M
$331.5M
Long-term debt
$151.6M
$156.8M
$161.9M
$172.3M
Long-term operating lease liabilities
$77.1M
$76.1M
$80.2M
$73.6M
Deferred tax liabilities, net
$41.3M
$45.3M
$32.1M
$32.6M
Other long-term liabilities
$15.2M
$15.5M
$16.2M
$16.2M
Common unitholders
$405.5M
$440.0M
$339.6M
$354.9M
General partner
($6.7M)
($6.0M)
($6.7M)
($5.9M)
Accumulated other comprehensive loss, net of taxes
($9.9M)
($10.5M)
($11.1M)
($11.4M)
Total partners’ capital
$388.8M
$423.5M
$321.8M
$337.6M
Total liabilities and partners’ capital
$1.0B
$1.2B
$1.1B
$963.8M
Cash flow statement
Star Group LP cash flow statement, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Net income
$73.5M
$35.2M
$31.9M
$35.3M
(Increase) decrease in the fair value of derivative instruments
($13.4M)
$19.0M
$2.0M
$17.3M
Depreciation and amortization
$36.4M
$32.5M
$33.4M
$33.6M
Provision for losses on accounts receivable
$6.9M
$8.0M
$9.8M
$5.4M
Change in deferred taxes
$8.5M
($4.0M)
($501.0K)
($3.2M)
Other income, net
($3.8M)
—
—
—
(Increase) decrease in receivables
($14.0M)
$11.3M
$15.6M
($43.5M)
(Increase) decrease in inventories
($3.2M)
$18.5M
$27.0M
($21.1M)
(Increase) decrease in other assets
($5.3M)
$8.8M
$13.9M
($7.2M)
Increase (decrease) in accounts payable
$1.6M
($3.9M)
($13.8M)
$12.0M
(Decrease) increase in customer credit balances
($19.1M)
($15.5M)
$17.6M
$5.8M
Increase (decrease) in other current and long-term liabilities
$2.9M
$1.1M
($13.2M)
($561.0K)
Net cash provided by operating activities
$71.0M
$111.0M
$123.7M
$33.9M
Capital expenditures
($14.9M)
($10.7M)
($9.0M)
($18.7M)
Proceeds from sales of fixed assets
$5.5M
$515.0K
$958.0K
$815.0K
Proceeds from sale of certain assets
$282.0K
$0
$2.2M
—
Purchase of investments
($2.6M)
($1.7M)
($2.5M)
($1.8M)
Acquisitions
($88.1M)
($49.4M)
($19.8M)
($13.1M)
Net cash used in investing activities
($99.9M)
($61.2M)
($28.2M)
($32.6M)
Revolving credit facility borrowings
$75.4M
$79.6M
$125.6M
$200.2M
Revolving credit facility repayments
($75.4M)
($79.8M)
($145.6M)
($188.5M)
Proceeds from term loan
$0
$210.0M
—
$165.0M
Loan repayments
($21.0M)
($148.5M)
($16.5M)
($110.5M)
Distributions
($26.1M)
($25.0M)
($23.7M)
($23.2M)
Unit repurchases
($15.6M)
($11.1M)
($4.5M)
($30.8M)
Customer retainage payments
($791.0K)
($719.0K)
($57.0K)
($1.0M)
Payments of debt issuance costs
($241.0K)
($2.1M)
($78.0K)
($2.5M)
Net cash (used in) provided by financing activities
($63.7M)
$22.4M
($64.9M)
$8.6M
Net increase (decrease) in cash, cash equivalents and restricted cash
($92.7M)
$72.1M
$30.6M
$9.9M
Cash, cash equivalents and restricted cash at beginning of period
$117.6M
$45.4M
$14.9M
$5.0M
Cash, cash equivalents and restricted cash at end of period
$24.9M
$117.6M
$45.4M
$14.9M
Star Group LP cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · YTD
Dec 31, 2025 · Q1
Jun 30, 2025 · YTD
Net income (loss)
$116.1M
$144.1M
$35.8M
$102.2M
(Increase) decrease in the fair value of derivative instruments
($13.4M)
($21.4M)
$5.4M
($12.0M)
Depreciation and amortization
$26.2M
$17.6M
$9.0M
$26.8M
Provision for losses on accounts receivable
$6.5M
$2.8M
($267.0K)
$6.6M
Change in deferred taxes
$10.0M
$14.2M
$1.1M
$10.4M
Increase in receivables
($64.4M)
($162.9M)
($95.8M)
($40.9M)
(Increase) decrease in inventories
($11.2M)
($33.8M)
($22.5M)
$425.0K
Increase in other assets
($227.0K)
($32.4M)
($6.0M)
($2.0M)
Increase (decrease) in accounts payable
$2.8M
$11.8M
$22.2M
($410.0K)
Decrease in customer credit balances
($47.5M)
($57.3M)
($27.5M)
($49.3M)
Increase in other current and long-term liabilities
$32.5M
$51.3M
$18.5M
$14.7M
Net cash provided by operating activities
$57.2M
($61.1M)
($55.2M)
$56.5M
Capital expenditures
($10.2M)
($7.7M)
($4.6M)
($10.4M)
Proceeds from sales of fixed assets
$620.0K
$516.0K
$380.0K
$514.0K
Proceeds from sale of certain assets
$0
$0
$0
$282.0K
Purchase of investments
($2.4M)
($1.6M)
($773.0K)
($1.8M)
Acquisitions
($957.0K)
($957.0K)
$0
($88.1M)
Net cash used in investing activities
($13.0M)
($9.8M)
($5.0M)
($99.5M)
Revolving credit facility borrowings
$93.6M
$93.6M
$71.9M
$75.4M
Revolving credit facility repayments
($93.6M)
($6.1M)
—
($75.4M)
Term loan repayments
($15.8M)
($10.5M)
($5.3M)
($15.8M)
Distributions
($19.9M)
($13.0M)
($6.5M)
($19.5M)
Unit repurchases
($5.5M)
($5.2M)
($4.5M)
($10.0M)
Customer retainage payments
($722.0K)
($295.0K)
($295.0K)
($789.0K)
Payments of debt issue costs
$0
$0
$0
($241.0K)
Net cash used in financing activities
($41.9M)
$58.4M
$55.3M
($46.3M)
Net increase (decrease) in cash, cash equivalents, and restricted cash
$2.3M
($12.5M)
($4.8M)
($89.3M)
Cash, cash equivalents, and restricted cash at beginning of period
$24.9M
$24.9M
$24.9M
$117.6M
Cash, cash equivalents, and restricted cash at end of period