Star Gas Partners (NYSE: SGU) reported Q1 EPS of $0.04, versus $0.45 reported last year. Revenue for the quarter came in at $535 million versus the consensus estimate of $229.62 million.

"We began fiscal 2019 with the abrupt and tragic passing of our very respected and charismatic leader, Steve Goldman,” said Dan Donovan, Star Group’s Interim Chief Executive Officer. “While it is hard to imagine Star without him here, we have maintained a steadfast commitment to quality and, in his name, continue to provide the best service available to our customers. The Board is in the process of assessing organizational changes related to Star’s long-term leadership, and we anticipate an announcement about Steve’s permanent replacement after the heating season.

“Our first quarter proceeded under relatively normal weather conditions – unlike last year – as we benefited from moderately colder temperatures along with higher volumes. At the same time, we continued to focus on finding attractive acquisitions, expanding our business, and effectively managing working capital, positioning the Company for solid operating results in the quarters to come.”

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