AmeriGas Partners, L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2022
August 03, 2022
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AmeriGas Partners, L.P. reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported revenue was USD 597 million compared to USD 526 million a year ago. Net loss was USD 85 million compared to net income of USD 21 million a year ago.
For the nine months, revenue was USD 2,423 million compared to USD 2,132 million a year ago. Net income was USD 84 million compared to USD 357 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.