STAR GROUP, L.P. 8-K

What Happened

• STAR GROUP, L.P. (SGU) filed an 8-K on February 13, 2026 reporting that it authorized an increase in its open-market common unit repurchase program to a total of 2.0 million common units, effective February 24, 2026.
• The company said there is no guarantee how many units will be repurchased, purchases may be suspended at any time, and the program has no time limit. All common units bought under the program will be retired. The company will follow SEC safe-harbor rules and guidance for issuer repurchases.

Key Details

• Authorization amount: 2.0 million common units.
• Effective date: February 24, 2026; 8-K filed/signed February 13, 2026 by Richard F. Ambury, Chief Financial Officer.
• Purchase method: Open-market transactions; purchases may be discontinued at any time and there is no set time limit.
• Post-purchase treatment: All repurchased common units will be retired; repurchase activities will consider SEC safe-harbor guidance.

Why It Matters

• Retiring repurchased units reduces the number of outstanding common units, which can affect per-unit metrics such as distributions or earnings per unit.
• The program gives management flexibility to buy units in the open market but does not commit to a specific purchase schedule or total beyond the 2.0 million authorization.