Profile: Amerigas Partners LP (APU)
14 Jun 2019
AmeriGas Partners, L.P., incorporated on November 2, 1994, is a holding company. The Company is a retail propane distributor in the United States. It serves approximately two million residential, commercial, industrial, agricultural, wholesale and motor fuel customers in all 50 states from approximately 2,000 propane distribution locations. It operates through the segment that engages in the distribution of propane and related equipment and supplies. The Company conducts its business through its subsidiary, AmeriGas Propane, L.P. (AmeriGas OLP or Operating Partnership). AmeriGas Propane, Inc. is the Company's general partner (the General Partner) and is responsible for managing its operations.
The Partnership also sells, installs and services propane appliances, including heating systems, and operates a residential heating, ventilation, air conditioning, plumbing, and related services business in certain counties of Pennsylvania, Delaware, and Maryland. The Partnership operates as an interstate carrier in all states across the continental United States. The Company's AmeriGas Cylinder Exchange (ACE) program enables consumers to purchase or exchange propane cylinders at retail locations, such as home centers, gas stations, mass merchandisers, and grocery and convenience stores.
The Partnership sells propane to industrial end users and other propane distributors. The retail deliveries of propane are made to customers by means of bobtail and rack trucks. The propane is pumped from the bobtail truck, which holds 2,400 to 3,000 gallons of propane, into a stationary storage tank on the customer's premises. The Partnership owns storage tanks and leases them to its customers. The capacity of these tanks ranges from 120 gallons to 1,200 gallons. The Partnership also delivers propane in portable cylinders, including ACE cylinders. The Partnership's supply contracts provide for pricing based upon index formulas using the prices established at a storage point, such as Mont Belvieu, Texas, or Conway, Kansas, or posted prices at the time of delivery. The Partnership uses a range of interstate pipelines, as well as railroad tank cars, delivery trucks, and barges, to transport propane from suppliers to storage and distribution facilities. The Partnership stores propane at various storage facilities and terminals located in strategic areas across the United States.
Amerigas Partners LP
460 N Gulph Rd,
PO Box 965
KING OF PRUSSIA PA 19406-2815