Amerigas Partners (APU) Plans to Increase Distribution by 5%; Offers Q2, FY12, FY13 Updates

March 14, 2012 5:55 PM EDT
Amerigas Partners (NYSE: APU) announced its Board plans to increase its distribution by about 5 percent from $3.05 per share at its next regularly scheduled Board meeting in April.

The company is looking for Q2 net income of about $105 million.

Amerigas is expecting FY12 loss of about $10 million using the midpoint of its adjusted-EBITDA of about $375-$395 million.

Sees FY13 net income of about $230 million at the midpoint view of $610-$660 million adjusted-EBITDA.


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