Increased revenues were related to increases in the Partnership's business activities. The Partnership's Coast Energy Group reported increased sales activity during the first quarter related to volume increases in natural gas and crude oil. During the first quarter of fiscal 1999, the Partnership's continued acquisition activity included five acquisitions adding approximately 4.0 million annual retail gallons and 6,350 retail customers. The most recent acquisitions were located in Florida, North Carolina, Washington and Idaho. Coupled with our recently announced proposed transaction with Propane Continental, we are on pace for a record year.
Figures are in thousands of dollars, except per unit figures.
Cornerstone Propane Partners, L.P. is a master limited partnership. Through its Coast Energy Group division, the Partnership also markets over 330 million gallons of natural gas liquids annually to resellers and end users and averages approximately 285,000 mmbtu's per day in natural gas sales and 12,400 barrels per day in crude oil sales. This data does not incorporate the proposed transaction with Propane Continental, Inc. that was previously announced. 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.