Amerigas Partners Lp (APU) saw its loss widen to $86.83 million, or $1.04 a share for the quarter ended Sep. 30, 2016. In the previous year period, the company reported a loss of $49.70 million, or $0.62 a share.

Revenue during the quarter dropped 5.90 percent to $393.55 million from $418.24 million in the previous year period. Gross margin for the quarter expanded 63 basis points over the previous year period to 62.35 percent. Operating margin for the quarter stood at negative 9.55 percent as compared to a negative 2.14 percent for the previous year period.

Operating loss for the quarter was $37.60 million, compared with an operating loss of $8.95 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $5.30 million compared with $39.70 million in the prior year period. At the same time, adjusted EBITDA margin contracted 814 basis points in the quarter to 1.35 percent from 9.49 percent in the last year period.  

Jerry E. Sheridan, president and chief executive officer of AmeriGas, said, "This year was a challenge due to significantly warmer weather than the prior year but our team navigated this challenge well. Our unit margins increased and our operating expenses were contained as we initiated our warm weather plan early in the heating season. We advanced our growth strategy through the completion of six acquisitions during the year and increased the number of National Accounts and Cylinder Exchange locations.