Huntway Partners Posts $1.74-Million Loss

Huntway Partners L.P., a Valencia producer of liquid asphalt and other oil-based products, posted a $1.74-million loss in the third quarter on a 3% decline in revenue.

The loss in the quarter ended Sept. 30 contrasted with a year-earlier profit of $946,000. Huntway’s revenue fell to $33.4 million from $34.6 million. The loss in part reflected eroding margins between Huntway’s costs and the prices of its products, the company said.

For the first nine months of this year, Huntway lost $1.94 million, contrasted with a year-earlier profit of $3.76 million, and its nine-month revenue fell 10%, to $80 million from $88.9 million.