AMERIGAS PARTNERS LP

AMERIGAS PARTNERS LP

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Company Overview
Amerigas Partners Lp, with registered office address in the King of Russia, is a US-based publicly quoted company distribution of petroleum and its related products. The partnership was formed in the year 1994.
Amerigas Partners is specialized in the retail sale of propane in the United States. Propane, the most common liquefied petroleum gas (LP-gas), is one of the nation’s most versatile sources of energy. The company’s customers use propane for a variety of aplications including space heating, home heating, water heating, drying, cooking, grilling, motor fuel and pool/spa heating.
Amerigas Partners has established itself as the largest propane company across the nation, serving more than 1.3 million residential, commercial, industrial, agricultural and motor fuel propane customers from approximately 600 district locations in nearly 50 states. In addition to its line of business, the company installs, sells, and provides services of propane appliances, including heating systems. In some markets, the company installs and provides services of propane fuel systems for motor vehicles.
Amerigas Partners has strong partnerships with companies such as Everycontractor.com, Florida Restaurant Association (FRA), Industrial Truck Association (ITA), Material Handling Equipment Distributors Association (MHEDA), Material Handling Industry of America (MHIA), National Propane Gas Association (NPGA), and National Spa & Pool Institute (NSPI) to mention a few.
Business Summary
AmeriGas Partners, L.P. (the Partnership) is a retail propane distributor in the United States. As of September 30, 2010, the Company served approximately 1.3 million residential, commercial, industrial, agricultural and motor fuel customers in all 50 states from nearly 1,200 propane distribution locations. The Partnership is a holding company and it conducts its business principally through its subsidiary, AmeriGas Propane, L.P. (AmeriGas OLP) and its subsidiary, AmeriGas Eagle Propane, L.P. (Eagle OLP and together with AmeriGas OLP, the Operating Partnership). AmeriGas Propane, Inc. is its general partner (the General Partner,) and is responsible for managing its operations. The General Partner is a wholly owned subsidiary of UGI Corporation (UGI). The Partnership serves approximately 1.3 million customers in all 50 states from nearly 1,200 propane distribution locations. The Partnership operates as an interstate carrier in 48 states throughout the continental United States.
Description and history
AmeriGas Partners, L.P. (the Partnership) is a retail propane distributor in the United States. As of September 30, 2010, the Company served approximately 1.3 million residential, commercial, industrial, agricultural and motor fuel customers in all 50 states from nearly 1,200 propane distribution locations. The Partnership is a holding company and it conducts its business principally through its subsidiary, AmeriGas Propane, L.P. (AmeriGas OLP) and its subsidiary, AmeriGas Eagle Propane, L.P. (Eagle OLP and together with AmeriGas OLP, the Operating Partnership). AmeriGas Propane, Inc. is its general partner (the General Partner,) and is responsible for managing its operations. The General Partner is a wholly owned subsidiary of UGI Corporation (UGI). The compeny is a retail propane distributor.

The Partnership serves approximately 1.3 million customers in all 50 states from nearly 1,200 propane distribution locations. In addition to distributing propane, the Partnership also sells, installs and services propane appliances, including heating systems. In certain areas, the Partnership also installs and services propane fuel systems for motor vehicles. The Partnership operates as an interstate carrier in 48 states throughout the continental United States. It is also licensed as a carrier in the Canadian Provinces of Ontario and Quebec. The Partnership sells propane primarily to residential, commercial/industrial, motor fuel, agricultural and wholesale customers. The Partnership distributed over one billion gallons of propane during the fiscal year ended September 30, 2010 (fiscal 2010).

Approximately 87% of the Partnership’s fiscal 2010, sales (based on gallons sold) were to retail accounts and approximately 13% were to wholesale customers. Sales to residential customers in fiscal 2010, represented approximately 40% of retail gallons sold; commercial/industrial customers 37%; motor fuel customers 13%, and agricultural customers 5%. Transport gallons, which are large-scale deliveries to retail customers other than residential, accounted for 5% of fiscal 2010 retail gallons. No single customer represents more than 5% of the Partnership’s consolidated revenues. As of September 30, 2010, AmeriGas Cylinder Exchange (ACE) cylinders were available at approximately 30,000 retail locations throughout the United States. The ACE program enables consumers to purchase or exchange their empty propane grill cylinders at various retail locations such as home centers, gas stations, mass merchandisers and grocery and convenience stores. The Company also supplies retailers with large propane tanks to enable retailers to replenish customers’ propane grill cylinders directly at the retailer’s location.

Retail deliveries of propane are usually made to customers by means of bobtail and rack trucks. Propane is pumped from the bobtail truck, which generally holds 2,400 to 3,000 gallons of propane, into a stationary storage tank on the customer’s premises. The Partnership owns most of these storage tanks and leases them to its customers. The capacity of these tanks ranges from approximately 120 gallons to approximately 1,200 gallons. The Partnership also delivers propane in portable cylinders, including ACE propane grill cylinders. Some of these deliveries are made to the customer’s location, where empty cylinders are either picked up or replenished in place. The Partnership has over 250 domestic and international sources of supply, including the spot market.

Business Line
Retail sale of propane in the United States
Subsidiary
ALL STAR GAS CORPORATION
Advisor
PRICEWATERHOUSECOOPERS LLP
IPO date
4/1995
US SIC Code
5984
Company Address
460, North Gulph Road

City province or state postal code
19406, KING OF PRUSSIA, PA
Phone: +1 610 337 7000
Fax: +1 610 992 3259
Country address: UNITED STATES OF AMERICA
Website url: www.amerigas.com