Star Group, L.P. (SGP) Announces Q1 Revenue Growth

Star Group, L.P. (SGP) reported first-quarter revenue growth of 12% year-over-year to $148 million, driven by strong performance in its core real estate and healthcare segments. The increase followed a 9% rise in adjusted net income to $28.5 million, reflecting higher occupancy and pricing. CEO Michael O’Malley stated the momentum is supported by disciplined cost management and strategic acquisitions completed in the prior quarter. The company reaffirmed its guidance for 2026 revenue of $560 million and EPS of $1.25-$1.35, citing continued demand in key markets and pending regulatory approvals.