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UGI Corporation's CEO Discusses F3Q12 Results - Earnings Call Transcript

UGI Corporation (AFSI)

Q3 2012 Earnings Call

August 7, 2012, 04:00 pm ET


Hugh Gallagher - Treasurer

John Walsh - President & COO

Jerry Sheridan - President & CEO, AmeriGas

Lon Greenberg - Chairman & CEO


Darren Horowitz - Raymond James

Chris Sighinolfi - UBS

Yves Siegel - Neuberger Berman



Good day ladies and gentlemen, and welcome to the UGI and AmeriGas third quarter fiscal year 2012 earnings conference and live audio webcast. At this time, all participants are in a listen-only mode and later we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) And as a reminder, this call is being recorded.

I would now like to introduce your host for today’s conference, Mr. Hugh Gallagher, the Treasurer. Sir you may begin.

Hugh Gallagher

Thanks Stephanie. Good afternoon everyone and thank you for joining us. As we begin, let me remind you that our comments today will include certain forward-looking statements, which the 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 and 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 achieve anticipated synergies.

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