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Huntway Partners L P

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BUSINESS
August 18, 1992
Huntway Partners L.P., a Valencia-based producer of liquid asphalt and other products refined from crude oil, reported a second-quarter loss of $630,000, compared with year-earlier earnings of $1.68 million. The loss came on an 8% decline in Huntway's revenue in the quarter ended June 30, to $29.1 million from $31.6 million. The company said increases in its selling and administrative costs contributed to the loss.
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BUSINESS
May 12, 1998
Huntway Partners L.P. said it will hold a special meeting May 29 to vote on its proposal to convert from a partnership to a corporation, as well as voting on a proposed stock incentive plan for the corporation. Only limited partners as of April 13 will be able to vote at the special meeting. Huntway Partners, headquartered in Newhall, operates two refineries in California that produce liquid asphalt for road construction and repairs.
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BUSINESS
May 12, 1998
Huntway Partners L.P. said it will hold a special meeting May 29 to vote on its proposal to convert from a partnership to a corporation, as well as voting on a proposed stock incentive plan for the corporation. Only limited partners as of April 13 will be able to vote at the special meeting. Huntway Partners, headquartered in Newhall, operates two refineries in California that produce liquid asphalt for road construction and repairs.
BUSINESS
February 3, 1998
Huntway Partners L.P. said it plans a special meeting in hopes of converting from a partnership to a corporation. To make the change, two-thirds of Huntway's limited partners would have to vote in favor of it. Huntway's chief financial officer, Warren Nelson, said Huntway wants to make the conversion to attract more public and institutional investors, who might avoid investing in a limited partnership because of tax complications.
BUSINESS
December 12, 1995
Huntway Partners L.P. missed a $1-million scheduled debt payment Nov. 30 and is in default under terms of its loan agreement. But the Newhall-based company said it is in discussions with its lenders about the possible refinancing of the company's debt obligations. Huntway Partners is also scheduled to make a $1.25-million debt payment due Dec. 31. The company operates two refineries in California and produces liquid asphalt used in road construction, as well as other oil byproducts.
BUSINESS
July 4, 1995
Huntway Partners L.P., a Newhall-based oil refining company that produces liquid asphalt, reported a loss of $3.388 million, or 29 cents per unit for the first quarter of 1995, which ended March 31. Revenues in the first quarter were $12.278 million, compared to $13.752 million in 1994. Record rainfall in California negatively affected first-quarter results, driving down total sales of conventional paving asphalt 32%, according to Juan Forster, president and chief executive officer.
BUSINESS
April 8, 1997
Huntway Partners L.P. said it expects its first-quarter results to be significantly improved this year, compared to a year ago when it had a net loss of $2.2 million on revenues of $17.2 million. Huntway Partners, based in Newhall, owns two refineries in Wilmington and Benicia and produces liquid asphalt for road construction. The company said its profit margins have improved this year on various kinds of asphalt products.
BUSINESS
February 3, 1998
Huntway Partners L.P. said it plans a special meeting in hopes of converting from a partnership to a corporation. To make the change, two-thirds of Huntway's limited partners would have to vote in favor of it. Huntway's chief financial officer, Warren Nelson, said Huntway wants to make the conversion to attract more public and institutional investors, who might avoid investing in a limited partnership because of tax complications.
BUSINESS
November 1, 1994
Huntway Partners L.P., a Newhall-based producer of liquid asphalt from crude oil, reported a sharp drop in third-quarter earnings and revenue. The 94% decline in profit, to $203,000 in the quarter that ended Sept. 30 from $3.35 million a year earlier, came as crude oil processing costs increased and prices for Huntway's products fell. Revenue decreased 19%, to $23.9 million from $29.5 million, largely due to the closure of its Arizona refinery.
BUSINESS
August 5, 1997
Huntway Partners L.P., a Newhall-based producer of liquid asphalt from crude oil, reported a sharp drop in second-quarter earnings and revenue. The 95% drop in profit, to $59,000 in the quarter that ended June 30 from $1.3 million a year earlier, came as declining gasoline and diesel prices in California pushed down prices for Huntway's products. The prices for Huntway's light-end products, including naphtha, kerosene distillate and gas oil, are tied to wholesale gasoline and diesel prices.
BUSINESS
August 5, 1997
Huntway Partners L.P., a Newhall-based producer of liquid asphalt from crude oil, reported a sharp drop in second-quarter earnings and revenue. The 95% drop in profit, to $59,000 in the quarter that ended June 30 from $1.3 million a year earlier, came as declining gasoline and diesel prices in California pushed down prices for Huntway's products. The prices for Huntway's light-end products, including naphtha, kerosene distillate and gas oil, are tied to wholesale gasoline and diesel prices.
BUSINESS
April 8, 1997
Huntway Partners L.P. said it expects its first-quarter results to be significantly improved this year, compared to a year ago when it had a net loss of $2.2 million on revenues of $17.2 million. Huntway Partners, based in Newhall, owns two refineries in Wilmington and Benicia and produces liquid asphalt for road construction. The company said its profit margins have improved this year on various kinds of asphalt products.
BUSINESS
August 27, 1996
Huntway Partners L.P., a Valencia company that processes crude oil into liquid asphalt, reported a second-quarter profit following a year-earlier loss. In the three months that ended June 30, Huntway earned $1.25 million, compared with a loss of $2.29 million in the second quarter of 1995. Its quarterly revenue rose 24%, to $26.1 million from $21.1 million. For the first half of 1996, Huntway reported that its loss narrowed to $968,000 from a loss of $5.67 million a year before.
BUSINESS
February 20, 1996
Huntway Partners L.P. posted a much wider loss in its fourth quarter and for the full year as it wrote off the cost of a shuttered refinery in Arizona. The Newhall-based asphalt maker posted a loss of $8.95 million in the fourth quarter that ended Dec. 31, compared to a loss of $1.18 million in the same period a year earlier. Revenues for the quarter rose to $22.4 million, up from $19.1 million a year ago. In the latest quarter the company suffered a $9.
BUSINESS
December 12, 1995
Huntway Partners L.P. missed a $1-million scheduled debt payment Nov. 30 and is in default under terms of its loan agreement. But the Newhall-based company said it is in discussions with its lenders about the possible refinancing of the company's debt obligations. Huntway Partners is also scheduled to make a $1.25-million debt payment due Dec. 31. The company operates two refineries in California and produces liquid asphalt used in road construction, as well as other oil byproducts.
BUSINESS
November 1, 1994
Huntway Partners L.P., a Newhall-based producer of liquid asphalt from crude oil, reported a sharp drop in third-quarter earnings and revenue. The 94% decline in profit, to $203,000 in the quarter that ended Sept. 30 from $3.35 million a year earlier, came as crude oil processing costs increased and prices for Huntway's products fell. Revenue decreased 19%, to $23.9 million from $29.5 million, largely due to the closure of its Arizona refinery.
BUSINESS
August 2, 1994
Huntway Partners L.P., a Valencia crude-oil processor, said that rising crude oil prices and lagging products sales resulted in its second-quarter loss of $1.08 million. In the same quarter a year earlier, Huntway lost $20.2 million, including a $16-million charge from the shutdown of its Arizona refinery. Huntway's revenue in the quarter ended June 30 was $19.3 million, down 34% from $29.3 million in revenue in the second quarter of 1993. For the six months, Huntway lost $2.
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