Filing Analysis
Star Group, L.P. issued an 8-K to announce its financial results for the fiscal third quarter ended June 30, 2026. The filing serves as a vehicle to furnish the earnings press release via Exhibit 99.1.
📋 Key Facts
- Reporting period: Fiscal third quarter ended June 30, 2026.
- Announcement date: August 5, 2026.
- The information is furnished under Item 2.02 and is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
Star Group, L.P. announced a significant salary increase for its President and CEO, Jeffrey M. Woosnam, effective August 1, 2026. The compensation adjustment is intended to align his pay with market rates and reward performance.
🚩 Red Flags
- Significant increase in executive compensation (~41% raise) during a period where micro-cap companies often face liquidity constraints.
📋 Key Facts
- CEO Jeffrey M. Woosnam's annual salary will increase from $531,742 to $750,000.
- The change is effective August 1, 2026.
- The decision was made by the Board of Directors (via Kestrel Heat, LLC) in executive session without the CEO present.
- The increase is intended to align compensation with market competitive levels.
Star Group, L.P. issued a press release announcing its quarterly distribution for the fiscal third quarter ended June 30, 2026.
📋 Key Facts
- Announcement date: July 16, 2026
- Fiscal period covered: Third quarter ended June 30, 2026
- Event type: Declaration of quarterly distribution on all units
- Reporting item: Item 8.01 (Other Events)
Star Group, L.P. issued an 8-K to furnish its financial results for the fiscal fourth quarter and full year ended September 30, 2025. The filing serves as a formal announcement of earnings via a press release.
📋 Key Facts
- Report date: December 8, 2025
- Reporting period: Fiscal Q4 and Year Ended September 30, 2025
- The information is furnished under Item 2.02 and is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
- Results were released via press release (Exhibit 99.1).
Star Group, L.P. has issued a press release announcing its quarterly distribution for the fiscal fourth quarter ended September 30, 2025.
📋 Key Facts
- Announcement date: October 16, 2025
- Reporting period: Fiscal fourth quarter ended September 30, 2025
- Event type: Declaration of quarterly distribution on all units
Star Group, L.P. has filed an 8-K to furnish its financial results for the fiscal third quarter ended June 30, 2025. The filing serves as a vehicle to distribute the quarterly earnings press release via Exhibit 99.1.
📋 Key Facts
- Reporting period: Fiscal third quarter ended June 30, 2025.
- Filing date: August 6, 2025.
- The report contains results of operations and financial condition under Item 2.02.
- Financial statements are provided via a press release (Exhibit 99.1) rather than being filed as part of the formal document.
Star Group, L.P. issued a press release regarding its quarterly distribution for the fiscal third quarter ended June 30, 2025.
📋 Key Facts
- The filing is an announcement of a quarterly distribution declaration.
- The distribution pertains to the fiscal third quarter ended June 30, 2025.
- The report was filed on July 17, 2025.
- The information is furnished under Item 8.01 and is not deemed 'filed' for purposes of Section 18.
Star Group, L.P. entered into a Unit Purchase Agreement to acquire 0.7 million common units from Bandera Master Fund, L.P. for approximately $8.4 million. The transaction was completed outside of the company's existing unit repurchase plan.
🚩 Red Flags
- None identified in this filing
📋 Key Facts
- Date of agreement: May 30, 2025
- Closing date: June 2, 2025
- Seller: Bandera Master Fund, L.P.
- Units purchased: 0.7 million common units
- Aggregate consideration: Approximately $8.4 million
- Transaction type: Private transaction outside of the existing unit repurchase plan
Star Group, L.P. issued an 8-K to announce the release of its financial results for the fiscal second quarter ended March 31, 2025.
📋 Key Facts
- Report date: May 7, 2025
- Reporting period: Fiscal second quarter ended March 31, 2025
- The filing is a furnishing of results under Item 2.02 and does not constitute 'filed' information for purposes of Section 18.
- Financial results were released via press release (Exhibit 99.1).
Star Group, L.P. issued a press release regarding its quarterly distribution for the fiscal second quarter ended March 31, 2025.
📋 Key Facts
- The company declared a quarterly distribution on all units for the fiscal second quarter ended March 31, 2025.
- The announcement was made via press release on April 17, 2025.
- The filing is being furnished under Item 8.01 (Other Events) and is not deemed 'filed' for purposes of Section 18.
Star Group, L.P. filed an 8-K to announce the release of its financial results for the fiscal first quarter ended December 31, 2024.
📋 Key Facts
- Report date: February 5, 2025
- Reporting period: Fiscal first quarter ended December 31, 2024
- The filing is intended to furnish financial results via a press release (Exhibit 99.1)
- Information is furnished under Item 7.01 and is not considered 'filed' for purposes of Section 18 of the Exchange Act.
Star Group, L.P. announced the retirement of Henry D. Babcock from the Board of Directors and the Audit Committee of its general partner, Kestrel Heat, LLC, effective January 15, 2025. This departure results in a reduction of the Board size from eight to seven members.
🚩 Red Flags
- Reduction in Board size (though common following a retirement).
📋 Key Facts
- Henry D. Babcock retired as a director and member of the Audit Committee effective January 15, 2025.
- Mr. Babcock has served on the Board since April 28, 2006.
- The resignation was not due to any disagreement with the Company regarding operations, policies, or practices.
- Board size reduced from eight (8) members to seven (7) members.
Star Group, L.P. issued an 8-K to announce its quarterly distribution for the fiscal first quarter ended December 31, 2024.
📋 Key Facts
- The company declared a quarterly distribution on all units for the fiscal Q1 period ending Dec 31, 2024.
- Announcement date: January 16, 2025.
- The filing is categorized under Item 8.01 (Other Events) and contains a press release as Exhibit 99.1.
Star Group, L.P. announced the completion of an acquisition involving a home energy distributor located within its existing operating footprint. This follows a definitive purchase agreement that was previously disclosed in December 2024.
📋 Key Facts
- Completion of an acquisition related to a definitive purchase agreement from December 2024.
- The acquired entity is a home energy distributor.
- The acquisition takes place within the Company's existing operating footprint.
- Announcement made via press release on January 10, 2025.
Star Group, L.P. has entered into a definitive agreement to acquire a home energy distributor for approximately $68 million. The transaction is expected to close within the next 45 days, subject to regulatory approvals.
🚩 Red Flags
- Terms of the deal (other than purchase price) were not disclosed in the filing.
📋 Key Facts
- Acquisition of a home energy distributor located within existing operating footprint.
- Transaction value: approximately $68 million before working capital adjustments.
- Expected closing timeline: within the next 45 days.
- Subject to compliance with governmental reporting requirements.
Star Group, L.P. entered into a Consent to its Seventh Amended and Restated Credit Agreement on December 6, 2024. The consent primarily extends deadlines related to a specified acquisition and borrowing base calculations.
🚩 Red Flags
- Extension of acquisition timelines may indicate delays in executing strategic growth plans or difficulties meeting closing conditions.
📋 Key Facts
- Entered into a Consent to the Seventh Amended and Restated Credit Agreement with a ten-participant bank syndicate.
- The consent extends the deadline for signing and closing a 'Permitted Acquisition'.
- The consent extends the timeframe required to close an acquisition to qualify for increased advance rates on 'customer routes' in borrowing base calculations.
- Filed under Item 1.01 (Entry into a Material Definitive Agreement).
Star Group, L.P. has filed an 8-K to furnish its financial results for the fiscal fourth quarter and fiscal year ended September 30, 2024.
📋 Key Facts
- Reporting period: Fiscal fourth quarter and fiscal year ended September 30, 2024.
- Filing date: December 4, 2024.
- The filing is for the purpose of furnishing results via press release (Exhibit 99.1) rather than as a formal 'filed' event under Section 18.
Star Group, L.P. issued a press release announcing its quarterly distribution for the fiscal fourth quarter ended September 30, 2024.
📋 Key Facts
- The company declared a quarterly distribution on all units for the fiscal fourth quarter ending September 30, 2024.
- The announcement was made via press release on October 17, 2024.
- The filing is furnished under Item 8.01 (Other Events) and is not deemed 'filed' for purposes of Section 18.
Star Group, L.P. entered into a seventh amended and restated asset-based credit facility agreement on September 27, 2024. The agreement includes a revolving line of credit up to $475 million (seasonally adjusted) and a $210 million senior secured term loan intended to repay existing debt and fund future acquisitions.
🚩 Red Flags
- Significant debt obligations with strict financial covenants (Fixed Charge Coverage and Senior Secured Leverage).
- Restrictions on ability to pay distributions to unitholders, incur additional debt, or make investments.
- All assets (accounts receivable, inventory, real property, etc.) are pledged as collateral.
📋 Key Facts
- Entered into seventh amended and restated asset-based credit facility on September 27, 2024.
- Revolving line of credit up to $400 million ($475 million during heating season Dec–Apr).
- $210 million five-year senior secured term loan included in the agreement.
- Term loan proceeds: $132.1 million for debt repayment; $77.9 million for acquisitions and general corporate purposes.
- Facility expires September 27, 2029.
- Interest rates based on a margin over Adjusted Term SOFR or base rate.
- Company can elect to increase revolving facility by $200 million without bank consent (subject to funding obligations).
- Requires maintenance of fixed charge coverage ratio ≥ 1.1:1.0 and senior secured leverage ratios between 3.0:1.0 and 5.5:1.0 depending on the quarter.
Star Group, L.P. filed an 8-K to furnish its financial results for the fiscal third quarter ended June 30, 2024. The filing serves as a vehicle to distribute the quarterly press release via Exhibit 99.1.
📋 Key Facts
- Report date: July 31, 2024
- Reporting period: Fiscal third quarter ended June 30, 2024
- The filing is intended to satisfy Item 7.01 (Regulation FD Disclosure) and Item 9.01 (Financial Statements and Exhibits)
- Information is furnished rather than filed for purposes of Section 18 of the Exchange Act
Star Group, L.P. issued a press release declaring its quarterly distribution for the fiscal third quarter ended June 30, 2024.
📋 Key Facts
- Declaration of quarterly distribution for the fiscal third quarter ended June 30, 2024.
- The announcement was made via press release on July 18, 2024.
- The filing is furnished under Item 8.01 (Other Events) and is not considered 'filed' for purposes of Section 18.
Star Group, L.P. filed an 8-K to furnish its financial results for the fiscal second quarter ended March 31, 2024 via a press release.
📋 Key Facts
- Report date: May 1, 2024
- Reporting period: Fiscal second quarter ended March 31, 2024
- The filing is for the purpose of furnishing results under Item 2.02.
- Information is furnished but not 'filed' for purposes of Section 18 of the Exchange Act.
Star Group, L.P. issued a press release declaring its quarterly distribution for the fiscal second quarter ended March 31, 2024.
📋 Key Facts
- Declaration of quarterly distribution on all units for the fiscal second quarter ended March 31, 2024.
- The announcement was made via press release dated April 18, 2024.
- The filing is furnished under Item 8.01 (Other Events) and does not constitute 'filed' information for purposes of Section 18.
Star Group, L.P. issued an 8-K to announce its financial results for the fiscal first quarter ended December 31, 2023.
📋 Key Facts
- Report date: February 7, 2024
- Reporting period: Fiscal first quarter ended December 31, 2023
- The filing is for the purpose of furnishing financial results via press release (Exhibit 99.1)
- Information is furnished under Item 2.02 and is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
Star Group, L.P. issued a press release announcing its quarterly distribution for the fiscal first quarter ended December 31, 2023.
📋 Key Facts
- The announcement pertains to the fiscal first quarter ended December 31, 2023.
- The filing is an Item 8.01 'Other Events' disclosure regarding a quarterly distribution declaration.
- The press release was issued on January 11, 2024.