Star Group, L.P. (NYSE:SGU) Q3 2023 Earnings Conference Call August 3, 2023 11:00 AM ET

Company Participants

Chris Witty - Investor Relations Adviser

Jeff Woosnam - President and CEO

Rich Ambury - Chief Financial Officer

Conference Call Participants

Operator

Good day. And welcome to the Star Group Fiscal 2023 Third Quarter Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]

Please note this event is being recorded. I would now like to turn the conference over to Chris Witty, the Investor Relations Adviser. Please go ahead.

Chris Witty

Thank you and good morning. With me on the call today are Jeff Woosnam, President and Chief Executive Officer; and Rich Ambury, Chief Financial Officer.

I would now like to provide a brief Safe Harbor statement. This conference call may include forward-looking statements that represent the company’s expectations and beliefs concerning future events that involve risks and uncertainties and may cause the company’s actual performance to be materially different than the performance indicated or implied by such statements.

All statements other than statements of historical facts included in this conference call are forward-looking statements. Although, the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.

Important factors that could cause actual results to differ materially from the company’s expectations are disclosed in this conference call, the company’s annual report on Form 10-K for the fiscal year ended September 30, 2022, and the company’s other filings with the SEC.

All subsequent written and oral forward-looking statements attributable to the company or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements. Unless otherwise required by law, the company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this conference call.

I’d now like to turn the call over to Jeff Woosnam. Jeff?

Jeff Woosnam

Thanks, Chris, and good morning, everyone. Thank you for joining us to discuss our third quarter and fiscal year-to-date results. The weather this year certainly continued to be much warmer than anticipated.

Temperatures within Star’s geographic footprint during Q3 were 12% warmer than last year and 19% warmer than normal, which significantly impacted our results. Year-to-date, temperatures were the third warmest on record over the past 123 years in the New York Metropolitan area, a key market for Star.