Condensed Financial Information of Registrant

12 Months Ended

Sep. 30, 2015

Condensed Financial Information of Registrant

Schedule I

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

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

	September 30,
(in thousands)	2015		2014
Balance Sheets
ASSETS
Current assets
Cash and cash equivalents	$	324	$	324
Prepaid expenses and other current assets		210		203
Total current assets		534		527
Investment in subsidiaries (a)		289,744		399,414
Deferred charges and other assets, net		—		2,003
Total Assets	$	290,278	$	401,944
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities
Accrued expenses	$	392	$	4,127
Total current liabilities		392		4,127
Long-term debt		—		124,572
Partners’ capital		289,886		273,245
Total Liabilities and Partners’ Capital	$	290,278	$	401,944

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

Schedule I

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

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

	Years Ended September 30,
(in thousands)	2015			2014			2013
Statements of Operations
Revenues	$	—		$	—		$	—
General and administrative expenses		1,314			1,420			31
Operating loss		(1,314	)		(1,420	)		(31	)
Net interest expense		(10,342	)		(11,206	)		(11,197	)
Amortization of debt issuance costs		(521	)		(520	)		(474	)
Loss on redemption of debt		(7,345	)		—			—
Net loss before equity income		(19,522	)		(13,146	)		(11,702	)
Equity income of Star Petro Inc. and subs		57,078			49,230			41,608
Net income	$	37,556		$	36,084		$	29,906

Schedule I

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

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

	Years Ended September 30,
(in thousands)	2015			2014			2013
Statements of Cash Flows
Cash flows provided by (used in) operating activities:
Net cash provided by operating activities (a)	$	152,537		$	21,513		$	34,537
Cash flows provided by (used in) investing activities:
Net cash provided by (used in) investing activities		—			—			—
Cash flows provided by (used in) financing activities:
Distributions		(21,298	)		(19,850	)		(19,313	)
Redemption of debt		(130,548	)		—			—
Unit repurchase		(691	)		(1,663	)		(15,217	)
Net cash used in financing activities		(152,537	)		(21,513	)		(34,530	)
Net increase in cash		—			—			7
Cash and cash equivalents at beginning of period		324			324			317
Cash and cash equivalents at end of period	$	324		$	324		$	324
(a) Includes distributions from subsidiaries	$	152,537		$	21,513		$	34,530