Star Group LP
stargrouplp.comWhat Do They Do?
Distributes home heating oil, propane and other petroleum products to homes and businesses, and installs and repairs heating and air conditioning equipment for residential and commercial customers.
10-K for FY2025, filed Dec 9, 2025We are a home heating oil and propane distributor and service provider to residential and commercial customers whose primary use is to heat…View ↗
How Do They Make Money?
Petroleum customers buy heating oil, propane, diesel and gasoline, with bills generally due within 30 days after delivery. Customers pay for equipment installation and repair when the work is completed; maintenance contracts cover service over a contract term and are generally paid at the outset.
10-K for FY2025, filed Dec 9, 2025Petroleum product revenues consist of home heating oil and propane as well as diesel fuel and gasoline. Revenues from petroleum products…View ↗
Revenue from billable call services (repairs, maintenance and other services) and equipment installations (heating, air conditioning, and…View ↗
Our standard payment terms are generally 30 days. Sales reported for product, installations and services exclude taxes assessed by various…View ↗
The Company has contract liabilities for advanced payments received from customers for future home heating oil and propane deliveries…View ↗
$1.8B
-
10-K for FY2025, filed Dec 9, 2025
$1.8B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product
Sold outright
10-K for FY2025, filed Dec 9, 2025 |
81%
FY2022: 85%
|
Product, FY2025
$1.4B Sources
|
Sold outright |
|
Installations and services
Mix
10-K for FY2025, filed Dec 9, 2025 |
19%
FY2022: 15%
|
Installations and services, FY2025
$346.8M Sources
|
Mix |
Who Are Their Customers?
Residential and commercial customers buy heating oil and propane, while commercial and industrial buyers also purchase diesel, gasoline and related fuels through contracts or competitive bidding. Customers also buy heating and air conditioning installations, maintenance and repair services.
10-K for FY2025, filed Dec 9, 2025We are a home heating oil and propane distributor and service provider to residential and commercial customers whose primary use is to heat…View ↗
Our full service home heating oil and propane customer base is comprised of 96% residential customers and 4% commercial customers.…View ↗
The motor fuel and other petroleum products customer group includes commercial and industrial customers of unbranded diesel, gasoline…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 4 cents of every revenue dollar as net income in FY2025 and turned 3 cents into free cash flow.
10-K for FY2025, filed Dec 9, 2025
$114.5MView ↗
10-K for FY2025, filed Dec 9, 2025
$73.5MView ↗
10-K for FY2025, filed Dec 9, 2025
$56MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Aug 5, 2026
−$28MView ↗
- ▲ +68% (Loss)
- vs −$16.6M in Q3 FY2025
10-Q for Q3 FY2026, filed Aug 5, 2026
Open tableView ↗
Growing. Revenue grew 19% in 4 years, from $1.5B in FY2021 to $1.8B in FY2025, about 4% a year.
Heat-pump services
The latest report includes heat pump repair and installation alongside natural gas systems; the older report describes repair and installation of natural gas heating systems.
10-K for FY2022, filed Dec 7, 2022 10-K for FY2025, filed Dec 9, 2025Provide complementary service offerings These offerings include, but are not limited to, the sales, service and installation of heating and…View ↗
Provide complementary service offerings These offerings include, but are not limited to, the sales, service and installation of heating and…View ↗
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