The man who heads the country’s biggest propane marketing company will step down on March 2. Eugene Bissell has led AmeriGas Propane Inc., the general partner of AmeriGas Partners LP, as CEO and president since being promoted 11 years ago. But in a statement last week the company confirmed Bissell, 58, would retire in less […]
Warmer weather and sluggish demand for heating fuel has seen one of the nation’s retail propane giants post lower first-quarter sales figures. AmeriGas Propane Inc, general partner of AmeriGas Partners LP, reported net income of $42.5 million for the first fiscal quarter of 2012 – compared with $74.9 million for the same period last year, […]
A landmark deal in which the country’s biggest propane retailer will double is customer base has won approval from the Federal Trade Commission (FTC), Bloomberg reports. AmeriGas Partners LP can proceed with its proposed $2.8 billion purchase of Energy Transfer Partners LP’s Heritage Propane, the commission announced last week. However a condition of the sale […]
Two of the country’s biggest propane retailers have announced their end of year results, blaming a weak economy and high commodity prices for reduced profits. AmeriGas Partners and Suburban Propane Partners both reported their Fiscal 2011 results last week. AmeriGas recorded net income of $138.5 million – down from $165.2m the previous year. Suburban Propane […]
The country’s largest propane retailer will double its customer base and add over 500 million gallons to its distribution network in a $2.8 billion deal, reuters.com reports. AmeriGas Partners L.P. has announced it will buy Energy Transfer Partners L.P.’s propane business in the landmark deal which is due to be finalised by early next year. […]
A large piece of the machinery that gets propane from the ground to the marketplace — including pipeline, natural gas liquids (NGLs) storage and processing plants — changed hands yesterday in a deal worth about $1.93 billion dollars. The buyer is a joint venture between Energy Transfer Partners (which operates Heritage Propane) and Regency Energy […]