Q3 2019 Earnings Call

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Thanks Denise.

Good morning, everyone and thank you for joining US with me today are disrupting CFO of UGI Corporation, Hugh Gallagher, President and CEO of Amerigas, propane and John Walsh, President and CEO of IGI.

Before we begin let me let me remind you that our comments today include certain forward looking statements, which management believes to be reasonable as of today's date only actual results may differ significantly because of risks and uncertainties that are difficult to predict please read our earnings release and our annual report on Form 10-K for an extensive list of factors that could affect results. We assume no duty to update or revise forward looking statements to reflect events or circumstances that are different from expectations will also describe our business using certain non-GAAP financial measures reconciliations of these measures to the comparable GAAP measures are available in the appendix of our presentation now let me turn the call over to John .

Thanks, Juan good morning, and welcome to our call.

Hope that Youve all had the opportunity to review our press releases reporting third quarter results for UGI and Amerigas.

Our third quarter is typically a quiet period for us since we're beyond the winter heating season.

However, our third quarter and fiscal 19 has been anything but quiet.

It's been an exciting time for the company as we've announced and made significant progress on two large investments that are aligned with our core strategies provide visibility for future growth and cash flow generation and ensure that we'll have a balanced portfolio of investment opportunities for the foreseeable future.

I'll come back later on the call to provide more color on the Amerigas in Columbia Midstream transactions.

Before I do that I'd like to review our performance in Q3, and a major milestones achieved across our businesses.

Our results in Q3 demonstrate the resiliency of our portfolio of businesses, despite the overhang or warmer than normal Q2 weather in Europe .

And the continued impact of limited weather volatility in the Marcellus region on our capacity management business.

We delivered a very solid overall performance in Q3.

On today's call I'll comment on key activities and market developments in the quarter, then I will turn it over to Ted who will provide you with an overview of you judge financial performance.

Schuh will review Q3 for Amerigas, and I'll wrap up with an update on the Columbia Midstream at Amerigas transaction.

Our Q3, GAAP EPS was negative one cents.

In our adjusted EPS was 13 cents.

Got adjusted Q3, EPS was four cents above our fiscal 18 Q3, adjusted PPS and also well above our Q3 fiscal 17 adjusted EPS of nine cents.