May 27, 2016 11:11 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Amerigas Propane, Inc.

Company Overview

Amerigas Propane, Inc. markets retail propane to residential, commercial, industrial, agricultural, and motor fuel propane customers in the United States. It offers propane for various uses, including home heating, space heating, water heating, pool and spa heating, drying, cooking, grilling, and motor fuel. The company is based in King of Prussia, Pennsylvania with distribution locations in the United States. Amerigas Propane, Inc. operates as a subsidiary of AmeriGas, Inc.

460 North Gulph Road

King of Prussia, PA 19406

United States

Phone:

610-337-7000

Fax:

610-768-7647

Key Executives for Amerigas Propane, Inc.

Chief Executive Officer, President and Director
Age: 50
Chief Financial Officer, Vice President of Finance and Treasurer
Age: 52
Chief Operating Officer and Vice President
Age: 52
Executive Chairman, Member of Executive Committee and President of UGI Corporation
Age: 60
Vice President, General Counsel and Secretary
Age: 53
Compensation as of Fiscal Year 2015.

Amerigas Propane, Inc. Key Developments

Amerigas Propane, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended March 31, 2016

Amerigas Propane, Inc. announced unaudited earnings results for the second quarter and six months ended March 31, 2016. On a GAAP basis, net income was $39.3 million compared to $45.5 million, for the prior-year period. For the quarter, the company reported revenues of $827.5 million against $1,100.3 million a year ago. Operating income was $250.4 million against $296.9 million a year ago. Capital expenditures were $27.8 million against $26.8 million a year ago. For the six months, the company reported revenues of $1,471.6 million against $1,989.1 million a year ago. Operating income was $380.0 million against $436.6 million a year ago. Net income was $57.9 million compared to $64.4 million, for the prior-year period.

AmeriGas Propane, Inc. Appoints Laurie Bergman as Controller and Chief Accounting Officer, Effective May 9, 2016

On April 13, 2016, the Board of Directors of AmeriGas Propane, Inc. appointed Laurie Bergman to serve as Controller and Chief Accounting Officer of the company, effective May 9, 2016. Ms. Bergman will succeed Robert J. Cane in this role. Mr. Cane has served as the company Controller and Chief Accounting Officer since February 2013. Effective May 9, 2016, Mr. Cane will serve as the General Auditor of UGI Corporation. Ms. Bergman currently serves as the Group Director Financial Planning and Operations of the company. She joined the company in 2006 as Manager Disbursements and has served in various roles for the company, including Assistant Controller (2011-2012), Director of Financial Analysis and Planning (2012-2013), and Group Director of Financial Planning and Revenue Management (2013-2014).

AmeriGas Propane, Inc Elects John R. Hartmann as a Director

AmeriGas Partners, L.P. reported that John R. Hartmann was elected a director of AmeriGas Propane, Inc., the general partner of AmeriGas Partners, L.P., effective March 15, 2016. Mr. Hartmann currently serves as President and Chief Executive Officer of True Value Company. Prior to becoming Chief Executive Officer and President of True Value Company, Mr. Hartmann served as the Chief Executive Officer of Mitre 10 from 2010 to 2013.

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