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.