AmeriGas Partners, L.P. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2022
May 11, 2022
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AmeriGas Partners, L.P. reported earnings results for the second quarter and six months ended March 31, 2022. For the second quarter, the company reported revenue was USD 1,048 million compared to USD 940 million a year ago. Net income was USD 192 million compared to USD 211 million a year ago.
For the six months, revenue was USD 1,826 million compared to USD 1,606 million a year ago. Net income was USD 169 million compared to USD 336 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.