Filing Flows › Star Group, L.P. (SGU) › Q2 FY25
Star Group, L.P. (SGU) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 7, 2025
Star Group, L.P. (SGU) reported revenue of $743M for the second quarter fiscal 2025 (Q2 FY25), +12% from a year earlier and +52% from the quarter before. Operating margin was 16.9%, net earnings $85.9M (11.6% of revenue).
Star Group, L.P., Q2 FY25: revenue $743M (+12% year over year), operating margin 16.9%, net earnings $85.9M, operating cash flow $48.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $743M | +52% | +12% |
| Gross profit | $260M | +65% | +26% |
| Operating profit | $125M | +155% | +25% |
| Net earnings | $85.9M | +161% | +26% |
| Operating cash flow | $48.6M | — | -12% |
| Free cash flow | $46.1M | — | -12% |
What changed
Revenue was $743.0M in Q2 FY25, up 12% year over year and up 52% from the previous quarter. Home Heating Oil and Propane was the largest line at 79% of revenue. Home Heating Oil and Propane added $79.7M year over year (up 16%), 104% of the total change.
Gross margin was 35.0%, up 4.0 points from a year earlier. Operating profit was $125.4M, a 16.9% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 15% margin then. Operating expenses grew 27% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+28%). Net earnings were $85.9M, up 26% year over year. The effective tax rate was 28.8%.
Operating cash flow was $48.6M (down 12% year over year), 57% of net earnings. Non-cash charges added back $9.1M of depreciation and amortization. Working capital and other items used $46.4M. Capital expenditures of $2.5M left free cash flow of $46.1M.
Questions
What was Star Group, L.P.'s revenue in the second quarter fiscal 2025?
Star Group, L.P.
Was Star Group, L.P. profitable in the second quarter fiscal 2025?
Operating profit was $125M (16.9% of revenue) and net earnings $85.9M.
Source: Star Group, L.P. 10-Q on SEC EDGAR.