Star Gas Partners (SGU) Reports Q3 Revenues Rose 3.5% YoY

July 31, 2017 4:24 PM

Star Gas Partners (NYSE: SGU) reported Q3 revenue for the quarter came in at $225.8 million, versus $218.2 million reported last year.

"While experiencing warmer weather and lower volumes in the third quarter versus fiscal 2016, the impact was muted during this non-heating season as we focused on margins and improving Star’s service offerings,” said Steven J. Goldman, Star Gas Partners’ Chief Executive Officer. “Only a portion of Star’s customer base receives oil or propane deliveries in the spring, but we saw growth in other areas such as air conditioning installations. We also continued investing for the future through additional staffing across customer service, information technology, operations, and sales – all crucial to our plans to grow the business and strengthen customer satisfaction. The Partnership remains on sound footing as we approach the end of fiscal 2017.”

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