Star Gas Partners, L.P. : Declares Quarterly Distribution of $0.0775 Per Unit
January 19, 2012 at 11:07 pm IST
By
Share
STAMFORD, Conn., Jan. 19, 2012 (GLOBE NEWSWIRE) -- Star Gas
Partners, L.P. (the "Partnership" or
"Star") (NYSE:SGU), a home energy distributor and
services provider specializing in heating oil, today
declared its quarterly distribution of $0.0775 per common
unit for the fiscal 2012 first quarter ended December 31,
2011.
Record date: January 30, 2012
Payment date: February 7, 2012
About Star Gas Partners, L.P.
Star Gas Partners, L.P., is the nation's largest retail
distributor of home heating oil. Additional information is
available by obtaining the Partnership's SEC filings at
www.sec.gov and by
visiting Star's website at www.star-gas.com, where
unitholders may request a hard copy of Star's complete
audited financial statements free of charge.
Forward Looking Information
This news release includes "forward-looking
statements" which represent the Partnership's
expectations or beliefs concerning future events that
involve risks and uncertainties, including those associated
with the effect of weather conditions on our financial
performance; the price and supply of home heating oil; the
consumption patterns of our customers; our ability to
obtain satisfactory gross profit margins; our ability to
obtain new customers and retain existing customers; our
ability to make strategic acquisitions; the impact of
litigation; our ability to contract for our current and
future supply needs; natural gas conversions; future union
relations and the outcome of current union negotiations;
the impact of current and future governmental regulations,
including environmental, health and safety regulations; the
ability to attract and retain employees; customer
creditworthiness; counterparty creditworthiness; marketing
plans; general economic conditions; and new
technology. All statements other than statements of
historical facts included in this news release are
forward-looking statements. Without limiting the
foregoing, the words "believe,"
"anticipate," "plan,"
"expect," "seek," "estimate"
and similar expressions are intended to identify
forward-looking statements. Although the Partnership
believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no
assurance that such expectations will prove to be correct
and actual results may differ materially from those
projected as a result of certain risks and
uncertainties. Important factors that could cause
actual results to differ materially from the
Partnership's expectations ("Cautionary
Statements") are disclosed in this news release and in
the Partnership's Annual Report on Form 10-K for the
year ended September 30, 2010, including without limitation
and in conjunction with the forward-looking statements
included in this news release. All subsequent written and
oral forward-looking statements attributable to the
Partnership or persons acting on its behalf are expressly
qualified in their entirety by the Cautionary Statements.
Unless otherwise required by law, the Partnership
undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new
information, future events or otherwise after the date of
this news release.
CONTACT: Star Gas Partners
Investor Relations
203/328-7310
Chris Witty
Darrow Associates
646/438-9385 or cwitty@darrowir.com
Star Group, L.P. is a full-service energy provider that specializes in the sale of home heating oil and propane, as well as air conditioning products and services to residential and commercial customers. The Company conducts its business through an operating subsidiary, Petro Holdings, Inc. The Company also sells diesel fuel, gasoline and home heating oil on a delivery only basis, and in certain of its marketing areas. The Company provides plumbing services primarily to home heating oil and propane customer base. The Companyâs installation and services include equipment installations, equipment maintenance service contracts and billable call services. The Company is a retail distributor of home heating oil operating in northern and eastern states within the Northeast, Central and Southeast of the United States regions, including its propane locations.