Condensed Financial Information of Registrant

12 Months Ended

Sep. 30, 2013

Condensed Financial Information of Registrant

Schedule I

STAR GAS PARTNERS, L.P. (PARENT COMPANY)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

	September 30,
(in thousands)	2013		2012
Balance Sheets
ASSETS
Current assets
Cash and cash equivalents	$	324	$	317
Prepaid expenses and other current assets		206		268
Total current assets		530		585
Investment in subsidiaries (a)		384,783		387,799
Deferred charges and other assets, net		2,523		2,997
Total Assets	$	387,836	$	391,381
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities
Accrued expenses	$	4,095	$	4,706
Total current liabilities		4,095		4,706
Long-term debt (b)		124,460		124,357
Other long-term liabilities		—		2,173
Partners’ capital		259,281		260,145
Total Liabilities and Partners’ Capital	$	387,836	$	391,381

(a) Investments in Star Acquisitions, Inc. and subsidiaries are recorded in accordance with the equity method of accounting.

(b) Scheduled principal repayments of long-term debt during each of the next five fiscal years ending September 30, are as follows: 2014—$0; 2015—$0; 2016—$0; 2017—$0; 2018—$125,000; thereafter —$0. The $125,000 8.875% Senior Notes mature in December 2017.

Schedule I

STAR GAS PARTNERS, L.P. (PARENT COMPANY)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

	Years Ended September 30,
(in thousands)	2013			2012			2011
Statements of Operations
Revenues	$	—		$	—		$	—
General and administrative expenses		31			2,019			2,026
Operating loss		(31	)		(2,019	)		(2,026	)
Net interest expense		(11,197	)		(11,188	)		(11,638	)
Amortization of debt issuance costs		(474	)		(330	)		(501	)
Gain (loss) on redemption of debt		—			—			(1,700	)
Net loss before equity income		(11,702	)		(13,537	)		(15,865	)
Equity income of Star Petro Inc. and subs		41,608			39,526			40,209
Net income	$	29,906		$	25,989		$	24,344

Schedule I

STAR GAS PARTNERS, L.P. (PARENT COMPANY)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

	Years Ended September 30,
(in thousands)	2013			2012			2011
Statements of Cash Flows
Cash flows provided by (used in) operating activities:
Net cash provided by (used in) operating activities (a)	$	34,537		$	39,196		$	(4,813	)
Cash flows provided by (used in) investing activities:
Net cash provided by (used in) investing activities		—			—			—
Cash flows provided by (used in) financing activities:
Repayment of debt		—			—			(82,499	)
Proceeds from the issuance of debt		—			—			124,188
Debt extinguishment costs		—			—			(1,409	)
Distributions		(19,313	)		(19,525	)		(20,677	)
Unit repurchase		(15,217	)		(19,648	)		(10,949	)
Increase in deferred charges		—			—			(3,777	)
Net cash provided by (used in) financing activities		(34,530	)		(39,173	)		4,877
Net increase in cash		7			23			64
Cash and cash equivalents at beginning of period		317			294			230
Cash and cash equivalents at end of period	$	324		$	317		$	294
(a) Includes distributions from subsidiaries	$	34,530		$	39,173		$	32,579