Partnership Acquisition of Heritage Propane

9 Months Ended

Jun. 30, 2013

Business Combinations [Abstract]

Partnership Acquisition of Heritage Propane

Partnership Acquisition of Heritage Propane

On January 12, 2012, AmeriGas Partners completed the acquisition of Heritage Propane from ETP for total consideration of $2,604.8 comprising $1,472.2 in cash and 29,567,362 AmeriGas Partners Common Units with a fair value of approximately $1,132.6 (the “Heritage Acquisition”). The Heritage Acquisition was consummated pursuant to a Contribution and Redemption Agreement, dated October 15, 2011, as amended (the “Contribution Agreement”), by and among AmeriGas Partners, ETP, Energy Transfer Partners GP, L.P., the general partner of ETP, and Heritage ETC, L.P. For additional information on the Heritage Acquisition, see Note 4 to the Company’s 2012 Annual Financial Statements and Notes.

The following presents unaudited pro forma income statement and earnings per share data as if the Heritage Acquisition had occurred on October 1, 2011:

	Nine Months Ended June 30,
	2013 (As Reported)		2012 Pro Forma
Revenues	$	5,932.6	$	5,885.2
Net income attributable to UGI Corporation	$	289.2	$	211.4
Earnings per common share attributable to UGI Corporation stockholders:
Basic	$	2.54	$	1.88
Diluted	$	2.51	$	1.87

The unaudited pro forma results of operations reflect Heritage Propane’s historical operating results after giving effect to adjustments directly attributable to the transaction that are expected to have a continuing effect. The unaudited pro forma consolidated results of operations are not necessarily indicative of the results that would have occurred had the Heritage Acquisition occurred on the date indicated nor are they necessarily indicative of future operating results.