Star Gas Partners (SGU) Reports Q1 EPS of $0.19

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Go back to Star Gas Partners (SGU) Reports Q1 EPS of $0.19

Star Gas Partners, L.P. Reports Fiscal 2016 First Quarter Results

February 3, 2016 4:15 PM EST

STAMFORD, Conn., Feb. 03, 2016 (GLOBE NEWSWIRE) -- Star Gas Partners, L.P. (the "Partnership" or "Star") (NYSE: SGU), a home energy distributor and services provider, today announced financial results for its fiscal 2016 first quarter, the three-month period ended December 31, 2015.

For the fiscal 2016 first quarter Star reported a 36.1 percent decrease in total revenue to $319.1 million, compared with revenue of $499.2 million in the prior-year period, due to lower wholesale product costs and a weather-related decline in total volume. Per gallon selling prices fell largely due to a 39.6 percent decline in... More