AmeriGas Reports Third Quarter Results; Updates Guidance
AMERIGAS PARTNERS (APU)
Last amerigas partners earnings: 8/5 06:45 pm
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US:NYSE Investor Relations:
investors.amerigas.com/investor-relations/ir-home/default.aspx
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Source: Business Wire
VALLEY FORGE, Pa.--(BUSINESS WIRE)--AmeriGas Propane, Inc., the general partner of AmeriGas Partners, L.P. (the "Partnership," NYSE: APU), today reported financial results for the fiscal quarter ended June 30, 2019.HIGHLIGHTSGAAP net loss of $49.0 million, compared with GAAP net loss of $74.4 million in the prior-year period; adjusted net loss of $43.8 million, compared with adjusted net loss of $20.2 million in the prior-year periodAdjusted EBITDA of $42.5 million, compared with $67.2 million in the prior-year periodCurrent year period includes $15 million in expenses related to litigation reserves and correction of a prior-period accounting errorReduces Adjusted EBITDA guidance range to $580 million to $590 million (including the negative impact of aforementioned expense adjustments) for the fiscal year ending September 30, 2019Hugh J. Gallagher, president and chief executive officer of AmeriGas, said, "Our third quarter results were negatively impacted by April weather that was
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