AmeriGas Partners, L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 07, 2023
Share
AmeriGas Partners, L.P. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported revenue was USD 514 million compared to USD 597 million a year ago. Net loss was USD 763 million compared to USD 85 million a year ago.
For the nine months, revenue was USD 2,147 million compared to USD 2,423 million a year ago. Net loss was USD 638 million compared to net income of USD 84 million a year ago.
AmeriGas Partners, L.P. is a holding company. The Company is a retail propane distributor in the United States. It serves approximately two million residential, commercial, industrial, agricultural, wholesale and motor fuel customers in all 50 states from approximately 2,000 propane distribution locations. It operates through the segment that engages in the distribution of propane and related equipment and supplies. The Company conducts its business through its subsidiary, AmeriGas Propane, L.P. The Partnership also sells, installs and services propane appliances, including heating systems, and operates a residential heating, ventilation, air conditioning, plumbing, and related services business in certain counties of Pennsylvania, Delaware, and Maryland. The Partnership operates as an interstate carrier in all states across the continental United States. The Company's AmeriGas Cylinder Exchange program enables consumers to purchase or exchange propane cylinders at retail locations.