AmeriGas Partners, L.P. reported unaudited earnings results for the fourth quarter and full year ended September 30, 2018. For the quarter, the company reported revenue of $466,947,000 against $445,173,000 a year ago. Operating income was $10,399,000 against $21,500,000 a year ago. Loss before income taxes was $30,705,000 against $18,130,000 a year ago. Net loss attributable to company was $31,327,000 or $0.46 per basic and diluted share against $18,231,000 or $0.32 per basic and diluted share a year ago. EBITDA was $57,119,000 against $76,045,000 a year ago. Adjusted EBITDA was $34,737,000 against $36,533,000 a year ago. Adjusted net loss attributable to company was $53,709,000 against $57,743,000 a year ago. Maintenance capital expenditures were $17,594,000 against $12,180,000 a year ago. Growth capital expenditures were $10,774,000 against $11,473,000 a year ago.

For the full year, the company reported revenue of $2,822,978,000 against $2,453,495,000 a year ago. Operating income was $361,342,000 against $387,858,000 a year ago. Income before income taxes was $198,217,000 against $167,903,000 a year ago. Net income attributable to company was $190,522,000 or $1.54 per basic and diluted share against $162,059,000 or $1.25 per basic and diluted share a year ago. EBITDA was $543,615,000 against $514,824,000 a year ago. Adjusted EBITDA was $605,510,000 against $551,274,000 a year ago. Adjusted net income attributable to company was $252,417,000 against $198,509,000 a year ago. Maintenance capital expenditures were $52,936,000 against $52,034,000 a year ago. Growth capital expenditures were $48,325,000 against $46,130,000 a year ago.

The company provided earnings guidance for the year ending September 30, 2019. For the period, the company expects adjusted EBITDA of $610,000,000 to $650,000,000. This guidance range assumes normal weather, based upon a 15-year average, and excludes mark-to-market gains and losses on commodity derivative instruments. The company expects interest expense of $162,000,000 to $162,000,000, income tax expense of $3,500,000 to $3,500,000, depreciation of $149,000 to $149,000, amortization of $40,000 to $40,000.