Condensed Financial Information of Registrant

12 Months Ended

Sep. 30, 2016

Condensed Financial Information of Registrant

Schedule I

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

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

	September 30,
(in thousands)	2016		2015
Balance Sheets
ASSETS
Current assets
Cash and cash equivalents	$	324	$	324
Prepaid expenses and other current assets		199		210
Total current assets		523		534
Investment in subsidiaries (a)		301,368		289,744
Deferred charges and other assets, net		—		—
Total Assets	$	301,891	$	290,278
LIABILITIES AND PARTNERS’ CAPITAL
Current liabilities
Accrued expenses	$	398	$	392
Total current liabilities		398		392
Long-term debt		—		—
Partners’ capital		301,493		289,886
Total Liabilities and Partners’ Capital	$	301,891	$	290,278

(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)	2016			2015			2014
Statements of Operations
Revenues	$	—		$	—		$	—
General and administrative expenses		1,363			1,314			1,420
Operating loss		(1,363	)		(1,314	)		(1,420	)
Net interest expense		—			(10,342	)		(11,206	)
Amortization of debt issuance costs		—			(521	)		(520	)
Loss on redemption of debt		—			(7,345	)		—
Net loss before equity income		(1,363	)		(19,522	)		(13,146	)
Equity income of Star Petro Inc. and subs		46,297			57,078			49,230
Net income	$	44,934		$	37,556		$	36,084

Schedule I

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

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

	Years Ended September 30,
(in thousands)	2016			2015			2014
Statements of Cash Flows
Cash flows provided by (used in) operating activities:
Net cash provided by operating activities (a)	$	35,109		$	152,537		$	21,513
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		(23,092	)		(21,298	)		(19,850	)
Redemption of debt		—			(130,548	)		—
Unit repurchase		(12,017	)		(691	)		(1,663	)
Net cash used in financing activities		(35,109	)		(152,537	)		(21,513	)
Net increase in cash		—			—			—
Cash and cash equivalents at beginning of period		324			324			324
Cash and cash equivalents at end of period	$	324		$	324		$	324
(a) Includes distributions from subsidiaries	$	35,109		$	152,537		$	21,513