SEC Filing Summary: Star Gas Partners, L.P.
Business Context and Reporting Period
This Form 8-K, dated November 4, 2002, serves as an update to a previously filed report regarding the acquisition of Meenan Oil Co., Inc. ("Meenan") and its affiliates. The transaction was originally completed in August 2001. The filing provides updated historical and pro forma financial information related to this acquisition.
Key Financial Metrics
- Acquisition Price: Approximately $131.8 million, payable in cash.
- Target Company: Meenan Oil Co., Inc., a Delaware corporation.
- Financial Statements Included: Audited annual historical statements for Meenan for the years ended June 30, 2001, and 2000, covering the three-year period ended June 30, 2001.
- Pro Forma Data: Statement of operations for Star Gas Partners, L.P. for the fiscal year ended September 30, 2001.
- Other Metrics: The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for the registrant or the acquired entity within the narrative; these figures are contained in the attached exhibits.
Material Changes
The primary material event is the update of financial disclosures regarding the August 2001 acquisition of Meenan. No other material changes to the registrant's operations or financial condition are described in the text of this report.
Guidance, Outlook, and Risks
The filing does not contain management commentary, future guidance, outlook, or specific risk factors. It is strictly a procedural update to provide audited historical and pro forma financial data as required by Item 7 of the Form 8-K.
Investor Verification Checklist
- Verify the specific revenue and earnings impact of Meenan by reviewing Exhibit 99.1 (Audited historical financial statements).
- Review Exhibit 99.2 to understand the pro forma effect of the acquisition on the Partnership's fiscal year ended September 30, 2001.
- Confirm the cash outflow of $131.8 million against the Partnership's liquidity position at the time of the 2001 transaction.
- Check the original Form 8-K dated July 31, 2001, for the initial terms and context of the acquisition.