AmeriGas Partners, L.P. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2023
May 03, 2023
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AmeriGas Partners, L.P. reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported revenue was USD 867 million compared to USD 1,048 million a year ago. Net income was USD 97 million compared to USD 192 million a year ago.
For the six months, revenue was USD 1,633 million compared to USD 1,826 million a year ago. Net income was USD 125 million compared to USD 169 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.