Lehigh Gas' costs impact Q1
Lehigh Gas Partners (LGP), a limited partnership involved in motor fuels distribution, and ownership and leasing gas stations and truck stops, reported 7-cent Q1 EPS, down from 25 cents a year ago, missing by 16 cents. Sales rose 2.2% to $482 mil vs. views for $531.6 mil. CEO Joe Topper in a statement said Lehigh's fuel costs rose, continuing an upward trend. "In addition, the harsh winter in the Northeast also depressed demand," Topper said. Lehigh shares rose 0.3% to 26.90.
