Amerigas Partners (APU) Tops Q3 EPS by 1c, Lowers FY EBITDA Guidance

Amerigas Partners (NYSE: APU) reported Q3 EPS of ($0.37), $0.01 better than the analyst estimate of ($0.38). Revenue for the quarter came in at $478 million versus the consensus estimate of $567.52 million.

Jerry E. Sheridan, president and chief executive officer of AmeriGas, said, “Warmer spring weather led to an early end to the heating season for the first time in three years. In addition, the wet weather experienced later in the quarter had a negative impact on our barbeque cylinder exchange business. We were pleased to deliver nearly $50 million in Adjusted EBITDA during the quarter in spite of these weather challenges, as we remained focused on operational execution and cost management. We also continued to benefit, along with our customers, from lower commodity costs that continued to decline this quarter and were approximately 55% lower than the same period last year.”

Sheridan continued, “Given the challenge of the weather this quarter and our assessment of operating conditions for the remainder of the year, we now expect Adjusted EBITDA of $635 million to $645 million for the fiscal year ending September 30, 2015.”

For earnings history and earnings-related data on Amerigas Partners (APU) click here.

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