AmeriGas Partners LP Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2012; Provides Earnings Guidance for the Fiscal Year Ending September 30, 2013
January 31, 2013 at 07:30 pm IST
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AmeriGas Partners LP reported unaudited consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, the company reported revenues of $876.647 million, operating income of $139.866 million, income before income taxes of $98.670 million, net income attributable to company of $96.665 million or $0.93 per diluted share compared to the revenues of $683.812 million, operating income of $60.096 million, income before income taxes of $43.563 million, net income attributable to company of $42.525 million or $0.55 per diluted share for the same period last year. Revenues for the quarter increased reflecting the higher retail volumes sold partially offset by lower average selling prices. EBITDA was $187.839 million compared to the $83.696 million for the same quarter year ago. Adjusted EBITDA was $193.327 million compared to the $87.413 million for the same quarter year ago, reflecting the impact of the Heritage Propane acquisition. Maintenance capital expenditures was $10.05 million against $11.79 million a year ago. Growth capital expenditures was $11.89 million against $9.81 million a year ago.
For the fiscal year ending September 30, 2013, the company expected net income attributable to company of $244.000 million, interest expense of $166 million, depreciation of $156 million, amortization of $44 million, EBITDA of $612.500 million, adjusted EBITDA in the range of $620 million to $645 million.
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.
AmeriGas Partners LP Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2012; Provides Earnings Guidance for the Fiscal Year Ending September 30, 2013