$SGU
STAR GAS PARTNERS LP
CIK:0001002590|SEC Filings
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|||||
| Sales: | ||||||||
| Total sales | $ 358,071 | $ 305,618 | $ 1,664,042 | $ 1,536,726 | ||||
| Cost and expenses: | ||||||||
| (Increase) decrease in the fair value of derivative instruments | [1] | 8,019 | (603) | (13,398) | (11,962) | |||
| Delivery and branch expenses | 98,945 | 90,649 | 338,656 | 314,903 | ||||
| Depreciation and amortization expenses | 8,333 | 9,197 | 25,373 | 26,012 | ||||
| General and administrative expenses | 8,039 | 7,564 | 24,348 | 22,934 | ||||
| Finance charge income | (1,877) | (1,773) | (4,030) | (3,860) | ||||
| Operating income (loss) | (34,073) | (19,177) | 177,346 | 155,414 | ||||
| Interest expense, net | (3,586) | (3,639) | (11,548) | (11,114) | ||||
| Amortization of debt issuance costs | (259) | (274) | (786) | (804) | ||||
| Income (loss) before income taxes | (37,918) | (23,090) | 165,012 | 143,496 | ||||
| Income tax expense (benefit) | (9,929) | (6,461) | 48,928 | 41,330 | ||||
| Net income (loss) | (27,989) | (16,629) | 116,084 | 102,166 | ||||
| General Partner's interest in net income (loss) | (275) | (157) | 1,137 | 952 | ||||
| Limited Partners' interest in net income (loss) | $ (27,714) | $ (16,472) | $ 114,947 | $ 101,214 | ||||
| Basic and diluted income (loss) per Limited Partner Unit | [2] | $ (0.84) | $ (0.48) | $ 2.9 | $ 2.45 | |||
| Weighted average number of Limited Partner units outstanding: | ||||||||
| Weighted average number of Limited Partner units outstanding, Basic | 32,835 | 34,340 | 32,935 | 34,498 | ||||
| Weighted average number of Limited Partner units outstanding, Diluted | 32,835 | 34,340 | 32,935 | 34,498 | ||||
| Product | ||||||||
| Sales: | ||||||||
| Total sales | $ 267,009 | $ 216,158 | $ 1,404,780 | $ 1,280,722 | ||||
| Installations and services | ||||||||
| Sales: | ||||||||
| Total sales | 91,062 | 89,460 | 259,262 | 256,004 | ||||
| Cost of product | ||||||||
| Cost and expenses: | ||||||||
| Cost and expenses | 195,199 | 144,521 | 876,174 | 800,170 | ||||
| Cost of installations and services | ||||||||
| Cost and expenses: | ||||||||
| Cost and expenses | $ 75,486 | $ 75,240 | $ 239,573 | $ 233,115 | ||||
| ||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands |
Jun. 30, 2026 |
Sep. 30, 2025 |
||
|---|---|---|---|---|
| Current assets | ||||
| Cash and cash equivalents | $ 27,003 | $ 24,683 | ||
| Receivables, net of allowance of $8,938 and $7,196, respectively | 160,063 | 102,119 | ||
| Inventories | 58,332 | 47,022 | ||
| Fair asset value of derivative instruments | 10,819 | 790 | ||
| Prepaid expenses and other current assets | 35,614 | 32,667 | ||
| Total current assets | 291,831 | 207,281 | ||
| Property and equipment, net | 127,049 | 128,605 | ||
| Operating lease right-of-use assets | 93,993 | 93,264 | ||
| Goodwill | 293,955 | 293,350 | ||
| Intangibles, net | 111,954 | 124,892 | ||
| Restricted cash | 250 | 250 | ||
| Captive insurance collateral | 80,385 | 78,189 | ||
| Deferred charges and other assets, net | 10,671 | 11,500 | ||
| Total assets | 1,010,088 | 937,331 | ||
| Current liabilities | ||||
| Accounts payable | 35,903 | 33,667 | ||
| Fair liability value of derivative instruments | 0 | 1,398 | ||
| Current maturities of long-term debt | 21,000 | 21,000 | ||
| Current portion of operating lease liabilities | 20,252 | 19,934 | ||
| Accrued expenses and other current liabilities | 151,421 | 119,497 | ||
| Unearned service contract revenue | 68,028 | 66,927 | ||
| Customer credit balances | 39,465 | 86,810 | ||
| Total current liabilities | 336,069 | 349,233 | ||
| Long-term debt | [1] | 151,569 | 167,118 | |
| Long-term operating lease liabilities | 77,057 | 77,206 | ||
| Deferred tax liabilities, net | 41,310 | 30,823 | ||
| Other long-term liabilities | 15,238 | 16,171 | ||
| Partners’ capital | ||||
| Common unitholders | 405,481 | 314,733 | ||
| General partner | (6,727) | (6,605) | ||
| Accumulated other comprehensive loss, net of taxes | (9,909) | (11,348) | ||
| Total partners’ capital | 388,845 | 296,780 | ||
| Total liabilities and partners’ capital | $ 1,010,088 | $ 937,331 | ||
| ||||