Amerigas Partners, L.P. Reports Earnings Results for the Third Quarter Ended June 30, 2019
August 05, 2019 at 06:45 pm EDT
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AmeriGas Partners, L.P. Announced earnings results for the third quarter ended June 30, 2019. For the third quarter, the company announced total revenue was USD 478.734 million compared to USD 528.403 million a year ago. Net loss was USD 59.916 million compared to USD 84.983 million a year ago. Basic loss per share was USD 0.64 compared to USD 0.91 a year ago. For the nine months, total revenue was USD 2,270.538 million compared to USD 2,356.031 million a year ago. Net income was USD 178.175 million compared to USD 185.641 million a year ago. Basic earnings per share was USD 1.92 compared to USD 2 a year ago. Diluted earnings per share was USD 1.92 compared to USD 1.99 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.