STAR GROUP, L.P.
SGU · Retail-Retail Stores, NEC · 32.8M shares · -8%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $4M (gross $4M)
Reference price $11.99 · est. market cap ~$394M — last insider purchase, 2025-11-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C64Stable heating-oil and refined-fuels distributor with mid-pack metrics and no standout strength.
Strengths
- Decent operating margin (6.4%, 69th) and ROA (7.8%, 64th) with positive FCF
- Weather-hedging discipline and margin-based model providing some cash-flow stability
Risks
- Below-median gross margin (31st pct) and weak liquidity (current 0.59x, 15th); secular demand decline and customer attrition
- Commodity-cost volatility and warm-winter exposure pressure margins
Notable findings
- Weak liquidityCurrent ratio 0.59 (<1)
- Buying back stockNet buyback — share count -8%/yr over 3y
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
31.5%
Operating margin
6.4%
Net margin
4.1%
Return on assets
7.8%
Revenue growth (QoQ)
42.2%
Net-income growth
108.7%
Net debt / EBITDA
0.9×
Current ratio
0.6×
Free cash flow
$56M
EBITDA
$151M
Cash & investments
$25M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2025-11-05 | Hammond Jeffrey S | Buy | 105 | $11.99 |
| 2025-08-13 | Baxter Scott | Buy | 15K | $11.79 |
| 2025-05-30 | Bandera Partners LLC | Sell | 700K | $12.04 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-06 | 2026-03-31 | 0001193125-26-209012 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001171843-26-003073 ↗ |
| 8-K | 2026-04-16 | 2026-04-16 | 0001171843-26-002508 ↗ |
| 8-K | 2026-02-13 | 2026-02-10 | 0001193125-26-051507 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0001171843-26-000628 ↗ |
| 10-Q | 2026-02-04 | 2025-12-31 | 0001193125-26-037609 ↗ |
| 8-K | 2026-01-15 | 2026-01-15 | 0001171843-26-000280 ↗ |
| 8-K | 2025-12-09 | 2025-12-08 | 0001171843-25-007816 ↗ |
| 10-K | 2025-12-09 | 2025-09-30 | 0001193125-25-311490 ↗ |
| 8-K | 2025-10-16 | 2025-10-16 | 0001171843-25-006483 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0000950170-25-104062 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001171843-25-005119 ↗ |