Star Gas Partners (SGU) Reports Q3 Loss of $0.06/Share

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Go back to Star Gas Partners (SGU) Reports Q3 Loss of $0.06/Share

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

August 1, 2016 4:01 PM EDT

STAMFORD, Conn., Aug. 01, 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 third quarter and the nine-month period ended June 30, 2016.

Three Months Ended June 30, 2016 Compared to Three Months Ended June 30, 2015Star reported an 11.2 percent decrease in total revenue to $218.2 million, compared with $245.6 million in the prior-year period, largely due to a decline in per gallon wholesale product costs.

Home heating oil and propane volume sold increased by... More