Amerigas Partners (APU) Lowers Guidane
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AmeriGas Partners Issues Earnings Guidance for Fiscal Years 2016 and 2017
October 12, 2016 6:05 PM EDTVALLEY FORGE, Pa.--(BUSINESS WIRE)-- AmeriGas Partners, L.P. (NYSE: APU) today announced a revision to its full year earnings guidance. For the year ended September 30, 2016, we expect net income attributable to AmeriGas Partners, L.P. to be in the range of $205 million and Adjusted EBITDA to be in the range of $540 million. The Adjusted EBITDA guidance is below the previous guidance range of $575 million to $600 million. The decrease in the earnings guidance is primarily due to an increase in reserves associated with litigation and general liability matters. In addition, weather was 47%... More
