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UGI And AmeriGas Partners LP's CEO Discusses Q2 2012 Results - Earnings Call Transcript

UGI and AmeriGas Partners LP’s (UGI)

Q2 2012 Earnings Call

April 26, 2012 04:00 p.m. ET

Executives

Hugh Gallagher – Treasurer, Head, IR

Lon Greenberg – Chairman, CEO

Jerry Sheridan – President, CEO, AmeriGas

John Walsh – CFO



Analysts

Carl Kirst – BMO Capital Markets

Darren Horowitz – Raymond James

Mark Barnett – Morningstar



Presentation

Operator

Good day, ladies and gentlemen, and welcome to the UGI and AmeriGas Partners LP Second Quarter Fiscal Year 2012 Earnings Conference Call and Live Audio Webcast. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, today’s conference is being recorded.

I’d now like to turn the conference to your host, Mr. Hugh Gallagher.

Hugh Gallagher



Thanks, Amy and good afternoon, everyone, and thanks for joining us. As we begin, let me remind you that our comments today will include certain forward-looking statements, which management of UGI and AmeriGas believe to be reasonable as of today’s date only. Actual results may differ significantly because of risks and uncertainties that are difficult to predict and many of which are beyond management’s control.

You should read our annual reports on Form 10-K for a more extensive list of factors that could affect results, but among them are adverse weather conditions; cost volatility and availability of all energy products; increased customer conservation measures; the impact of pending and future legal proceedings; domestic and international political, regulatory and economic conditions; currency exchange rate fluctuations; the timing of development of Marcellus Shale gas production; the timing and success of our commercial initiatives and investments to grow our businesses; and our ability to successfully integrate acquired businesses including Heritage Propane and the Shell acquisition, and achieve anticipated synergies.

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