Huntway Partners Reports Loss of $3.38 Million
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. Rising crude oil costs and the collapse of the Mexican peso also hurt results, the company reported.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
