| Business Summary | | Star
Gas
Partners,
L.P.
is
a
diversified
home
energy
distributor
and
services
provider,
specializing
in
home
heating
oil,
propane,
natural
gas
and
electricity.
Through
its
subsidiaries,
namely,
Star
Gas
Propane,
L.P.,
Petro
Holdings,
Inc.,
and
Total
Gas
and
Electric
(TG&E),
the
Company
operates
in
three
business
segments.
Star
Gas
Propane,
a
wholly
owned
subsidiary,
markets
and
distributes
propane
gas
and
related
products
to
approximately
200,000
customers
in
the
Midwest
and
Northeast.
Petro,
an
indirect
wholly
owned
subsidiary,
is
the
nation's
largest
distributor
of
home
heating
oil
and
serves
approximately
350,000
customers
in
the
Northeast
and
Mid-Atlantic.
TG&E,
a
72.7%
owned
subsidiary,
is
an
energy
reseller
that
markets
natural
gas
and
electricity
to
residential
homeowners
in
deregulated
energy
markets
in
the
Northeast
and
Mid-Atlantic
states
of
New
York,
New
Jersey,
Pennsylvania,
Florida
and
Maryland
and
serves
approximately
110,000
residential
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SGU
is
a
distributor
of
home
heating
oil
and
propane.
The
Co.
serves
approx.
335,000
heating
oil
customers
and
186,000
propane
customers
in
the
Northeast,
Mid-Atlantic
and
Midwest.
For
the
nine
months
ended
6/30/01,
sales
rose
50%
to
$960
million.
Net
income
applicable
to
Limited
Partners
before
acct.
change
rose
25%
to
$47.8
million.
Results
reflect
additional
sales
by
the
heating
oil
segment,
partially
offset
by
an
increase
in
compensation. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Irik Sevin, 53 Chairman
and CEO | $1.7M | George Leibowitz, 63 CFO | 340K | William Powers, Jr., 47 Exec.
VP--Heating Oil and Member of the Office of Pres | 446K | Joseph Cavanaugh, 63 Exec.
VP--Propane and Member of the Office of Pres | 333K | Richard Ambury, 43 VP
of Fin. and Treasurer | 291K | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|