Cornerstone Announces FY 2000 Third Quarter Distribution.Business Editors WATSONVILLE, Calif.--(BUSINESS WIRE)--April 25, 2000 Cornerstone Propane Partners, L.P. ("Partnership") (NYSE NYSE See: New York Stock Exchange :CNO CNO abbr. chief of naval operations ) announced today that its regularly scheduled distribution of $.54 per unit for the third quarter of fiscal 2000 (January 1, 2000 - March 31, 2000) will be paid on May 15, 2000 to common unitholders of record as of May 8, 2000. Cornerstone Propane Partners has approximately 17 million common units outstanding. Cornerstone Propane Partners, L.P. is a master limited partnership. The Partnership is the nation's fourth largest retail propane marketer serving over 460,000 customers with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of approximately 335 million retail gallons, doing business in 34 states with more than 300 customer service centers. Through its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. energy solutions service team, Coast Energy Group, the Partnership also supplies, purchases, processes and markets over 48,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. of natural gas liquids to resellers and major end users, an average of approximately 1.0 Bcf per day in natural gas sales and over 100,000 barrels per day in crude oil sales in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. For more information, please visit the company's websites at www.cornerstonepropane.com and www.coastenergy.com. The information presented herein may contain certain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the federal securities laws. The Partnership's actual future performance will be affected by a number of factors, risks and uncertainties, including without limitation, weather conditions, regulatory changes, competitive factors, the Partnership's success in dealing with the Year 2000 issues and the operations of vendors, suppliers and customers, many of which are beyond the Partnership's control. Future events and results may vary substantially from what the Partnership currently foresees, and there can be no assurance that the Partnership's actual results will not differ materially from its expectations. The Partnership undertakes no obligation to publicly release any revision to these forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. |
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