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AMERIGAS PARTNERS LP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2019 10-Q, filed Aug 6, 2019. Its latest SEC filing is a 15-12B from Sep 6, 2019.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Distributes propane to residential, commercial and industrial users, and sells, installs and services propane appliances and equipment.

How Did They Make Money?

Customers pay for propane when it is delivered; appliance and equipment sales are paid at sale or installation, repairs and maintenance when the work is complete, and annual fees over the year.

revenue

Who Were Their Customers?

Residential, commercial, industrial, agricultural, motor fuel and wholesale customers buy propane; retailers also buy cylinders and tanks for resale or customer refills.

Did Revenues Turn Into Profits?

Yes. It kept 7 cents of every revenue dollar as net income in .

Operating income,
13% of revenue
▼ −7% vs ($387.9M, 16%)
Net income,
7% of revenue
▲ +18% vs ($162.1M, 7%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q3 FY2019, the three months to Jun 30, 2019
Revenue
▼ −9%
vs $528.4M in Q3 FY2018
Net income
▼ −34% (Loss)
vs −$74.4M in Q3 FY2018
  • Aug 21, 2019 UGI completed its merger with AmeriGas AmeriGas became an indirect wholly owned UGI subsidiary, and its common units stopped trading on the NYSE.
  • Aug 6, 2019 AmeriGas lowered its fiscal 2019 Adjusted EBITDA guidance The updated range is $580 million to $590 million.

Shrank. Revenue fell 24% in 4 years, from $3.7B in to $2.8B in , about 7% a year.

Exited heating and air conditioning Earlier, it operated residential heating, air conditioning, plumbing and related services; the latest report says it divested its Mid-Atlantic heating and air conditioning business.

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