Amerigas Partners (APU) Misses Q1 EPS by 18c, Beats on Revenues

Amerigas Partners (NYSE: APU) reported Q1 EPS of $1.01, $0.18 worse than the analyst estimate of $1.19. Revenue for the quarter came in at $787.3 million versus the consensus estimate of $774.6 million.

HIGHLIGHTS

• GAAP EPS of $2.07 and adjusted EPS of $1.01 per diluted share compared to GAAP EPS of $1.30 and adjusted EPS of $0.91 per diluted share in the prior year
• Weather slightly warmer than normal in all service territories; colder than the prior year in AmeriGas, UGI Utilities, and Midstream & Marketing service territories; warmer than the prior year in UGI International service territory
• Received certificate of public necessity and convenience from FERC for PennEast pipeline on January 19, 2018
• Completed construction of Steelton LNG storage and vaporization facility in December

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

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