AmeriGas Partners, L.P. Reports Earnings Results for the First Quarter Ended December 31, 2021
February 02, 2022
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AmeriGas Partners, L.P. reported earnings results for the first quarter ended December 31, 2021. For the first quarter, the company reported revenue was USD 778 million compared to USD 666 million a year ago. Net loss was USD 23 million compared to net income of USD 125 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.