1
                                    FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

      [X]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                  For the quarterly period ended June 30, 1997

                                       OR

      [ ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

             For the transition period from __________ to __________

                         Commission file number 1-13692
                       Commission file number 33-92734-01

                             AMERIGAS PARTNERS, L.P.
                             AMERIGAS FINANCE CORP.
           (Exact name of registrants as specified in their charters)

                   Delaware                            23-2787918
                   Delaware                            23-2800532
        (State or other jurisdiction of             (I.R.S. Employer
        incorporation or organization)              Identification No.)

                    460 North Gulph Road, King of Prussia, PA
                    (Address of principal executive offices)
                                      19406
                                   (Zip Code)
                                 (610) 337-7000
              (Registrants' telephone number, including area code)

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [ ]

         At July 31, 1997, the registrants had units and shares of common stock
outstanding as follows:

                  AmeriGas Partners, L.P. -      22,060,407 Common Units
                                                 19,782,146 Subordinated Units

                  AmeriGas Finance Corp. -       100 shares
   2
                             AMERIGAS PARTNERS, L.P.

                                TABLE OF CONTENTS

                                                                           PAGES
PART I  FINANCIAL INFORMATION

   Item 1.  Financial Statements

            AmeriGas Partners, L.P.

              Condensed Consolidated Balance Sheets as of 
               June 30, 1997, September 30, 1996
               and June 30, 1996                                            1

              Condensed Consolidated Statements of Operations 
               for the three, nine and twelve months ended 
               June 30, 1997 and 1996                                       2

              Condensed Consolidated Statements of Cash Flows
               for the nine and twelve months
               ended June 30, 1997 and 1996                                 3

              Condensed Consolidated Statement of Partners'
               Capital for the nine months ended June 30, 1997              4

              Notes to Condensed Consolidated Financial Statements        5 - 8

            AmeriGas Finance Corp.
 
              Balance Sheets as of June 30, 1997 and September 30, 1996     9

              Note to Balance Sheets                                        10

   Item 2.  Management's Discussion and Analysis of Financial 
             Condition and Results of Operations                         11 - 18

PART II OTHER INFORMATION

   Item 1. Legal Proceedings                                               19

   Item 6. Exhibits and Reports on Form 8-K                                20

   Signatures                                                              21

                                       -i-
   3
                    AMERIGAS PARTNERS, L.P. AND SUBSIDIARIES

                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (unaudited)
                             (Thousands of dollars)

                                                                        June 30,      September 30,     June 30,
                                                                          1997            1996             1996
                                                                       ----------     -------------    ----------
                                                                                                     
ASSETS                                                                                                
Current assets:                                                                                       
     Cash and cash equivalents                                         $   21,206      $    2,122      $   24,370
     Accounts receivable (less allowances for doubtful accounts                                       
        of $7,783, $6,579, and $7,000, respectively)                       82,781          85,926          78,097
     Inventories                                                           61,121          82,957          65,257
     Prepaid expenses and other current assets                              8,671          29,375           5,374
                                                                       ----------      ----------      ----------
        Total current assets                                              173,779         200,380         173,098
                                                                                                      
Property, plant and equipment (less accumulated depreciation and                                      
     amortization of $159,408, $138,850, and $130,706, respectively)      445,330         454,112         449,487
Intangible assets (less accumulated amortization of $110,324,                                         
     $94,785, and $92,737, respectively)                                  676,989         691,688         687,603
Other assets                                                               24,714          26,043          42,827
                                                                       ----------      ----------      ----------
        Total assets                                                   $1,320,812      $1,372,223      $1,353,015
                                                                       ==========      ==========      ==========

LIABILITIES AND PARTNERS' CAPITAL
Current liabilities:
     Current maturities of long-term debt                              $   11,787      $    5,150      $    5,260
     Bank loans                                                               -            15,000             -
     Accounts payable - trade                                              33,133          46,891          27,204
     Accounts payable - related parties                                     5,539           2,552           9,123
     Other current liabilities                                             65,710         108,667          57,761
                                                                       ----------      ----------      ----------
        Total current liabilities                                         116,169         178,260          99,348
                                                                                                      
Long-term debt                                                            684,966         687,303         664,038
Other noncurrent liabilities                                               63,962          58,927          81,740
                                                                                                      
Commitments and contingencies                                                                         
                                                                                                      
Minority interest                                                           5,604           5,497           6,129
                                                                                                      
Partners' capital                                                         450,111         442,236         501,760
                                                                       ----------      ----------      ----------
        Total liabilities and partners' capital                        $1,320,812      $1,372,223      $1,353,015
                                                                       ==========      ==========      ==========

The accompanying notes are an integral part of these financial statements.

                                      -1-
   4
                    AMERIGAS PARTNERS, L.P. AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (unaudited)
                     (Thousands of dollars, except per unit)

                                       Three Months Ended         Nine Months Ended           Twelve Months Ended
                                            June 30,                  June 30,                      June 30,
                                     ----------------------    ------------------------    ------------------------
                                        1997         1996         1997          1996          1997           1996
                                     ---------    ---------    ---------    -----------    -----------    ---------
                                                                                              
Revenues:
     Propane                         $ 159,796    $ 158,268    $ 844,292    $   767,315    $ 1,001,787    $ 901,185
     Other                              17,870       17,284       64,639         68,801         84,253       90,842
                                     ---------    ---------    ---------    -----------    -----------    ---------
                                       177,666      175,552      908,931        836,116      1,086,040      992,027
                                     ---------    ---------    ---------    -----------    -----------    ---------

Costs and expenses:
     Cost of sales - propane            82,346       88,267      482,080        434,581        573,754      506,757
     Cost of sales - other               7,062        7,948       27,849         33,675         37,646       44,426
     Operating and administrative
          expenses                      73,967       73,794      238,656        235,209        320,843      306,689
     Depreciation and amortization      15,351       15,210       46,365         46,135         61,861       61,294
     Miscellaneous income, net          (1,653)      (2,738)     (10,105)        (7,227)       (11,273)      (9,245)
                                     ---------    ---------    ---------    -----------    -----------    ---------
                                       177,073      182,481      784,845        742,373        982,831      909,921
                                     ---------    ---------    ---------    -----------    -----------    ---------

Operating income (loss)                    593       (6,929)     124,086         93,743        103,209       82,106
Interest expense                       (15,995)     (15,743)     (49,602)       (46,941)       (65,443)     (62,193)
                                     ---------    ---------    ---------    -----------    -----------    ---------
Income (loss) before income taxes      (15,402)     (22,672)      74,484         46,802         37,766       19,913
Income tax (expense) benefit               122          327         (349)           332           (316)         488
Minority interest                          128          199         (828)          (555)          (484)        (312)
                                     ---------    ---------    ---------    -----------    -----------    ---------
Net income (loss)                    $ (15,152)   $ (22,146)   $  73,307    $    46,579    $    36,966    $  20,089
                                     =========    =========    =========    ===========    ===========    =========

General partner's interest in
     net income (loss)               $    (152)   $    (221)   $     733    $       466    $       370    $     201
                                     =========    =========    =========    ===========    ===========    =========

Limited partners' interest in
     net income (loss)               $ (15,000)   $ (21,925)   $  72,574    $    46,113    $    36,596    $  19,888
                                     =========    =========    =========    ===========    ===========    =========

Income (loss) per
     limited partner unit            $   (0.36)   $   (0.53)   $    1.74    $      1.11    $      0.87    $    0.48
                                     =========    =========    =========    ===========    ===========    =========

Average limited partner units
     outstanding (thousands)            41,780       41,731       41,784         41,729         41,771       41,725
                                     =========    =========    =========    ===========    ===========    =========

The accompanying notes are an integral part of these financial statements.

                                      -2-
   5
                    AMERIGAS PARTNERS, L.P. AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (unaudited)
                             (Thousands of dollars)

                                                             Nine Months Ended      Twelve Months Ended
                                                                  June 30,               June 30,
                                                           ---------------------    --------------------
                                                              1997        1996        1997        1996
                                                           ---------    --------    --------    --------
                                                                                         
CASH  FLOWS  FROM  OPERATING  ACTIVITIES:
     Net income                                            $  73,307    $ 46,579    $ 36,966    $ 20,089
     Adjustments to reconcile net income to net
        cash provided by operating activities:
            Depreciation and amortization                     46,365      46,135      61,861      61,294
            Other, net                                         1,127         282      (2,593)       (341)
                                                           ---------    --------    --------    --------
                                                             120,799      92,996      96,234      81,042
            Net change in:
               Accounts receivable                            (1,039)    (19,023)     (9,818)    (25,977)
               Inventories                                    22,218      14,239       4,787      (7,086)
               Accounts payable                              (10,815)       (408)      2,301       4,679
               Other current assets and liabilities          (20,161)    (24,199)      2,271       2,523
                                                           ---------    --------    --------    --------
        Net cash provided  by operating activities           111,002      63,605      95,775      55,181
                                                           ---------    --------    --------    --------

CASH  FLOWS  FROM  INVESTING  ACTIVITIES:
     Expenditures for property, plant and equipment          (16,708)    (18,050)    (20,566)    (25,910)
     Proceeds from disposals of assets                         9,217       3,941      10,699       4,900
     Decrease in short-term investments                          -         9,000         -        31,000
     Acquisition of businesses, net of cash acquired          (4,543)     (2,153)    (23,299)     (3,799)
                                                           ---------    --------    --------    --------
        Net cash provided (used) by investing activities     (12,034)     (7,262)    (33,166)      6,191
                                                           ---------    --------    --------    --------

CASH  FLOWS  FROM  FINANCING  ACTIVITIES:
     Distributions                                           (69,614)    (69,544)    (92,797)    (88,341)
     Minority interest activity                                 (736)       (762)     (1,024)     (1,004)
     Decrease in bank loans                                  (15,000)        -           -           -
     Issuance of long-term debt                                8,131      14,008      31,132      14,008
     Repayment of long-term debt                              (2,691)    (10,492)     (3,110)    (11,318)
     Capital contribution from General Partner                    26           8          26           8
     Partnership Formation fees and expenses                     -        (4,758)        -       (11,512)
                                                           ---------    --------    --------    --------
        Net cash  used  by financing activities              (79,884)    (71,540)    (65,773)    (98,159)
                                                           ---------    --------    --------    --------

Cash and cash equivalents increase (decrease)              $  19,084    $(15,197)   $ (3,164)   $(36,787)
                                                           =========    ========    ========    ========

CASH  AND  CASH  EQUIVALENTS:
     End of period                                         $  21,206    $ 24,370    $ 21,206    $ 24,370
     Beginning of period                                       2,122      39,567      24,370      61,157
                                                           ---------    --------    --------    --------
        Increase (decrease)                                $  19,084    $(15,197)   $ (3,164)   $(36,787)
                                                           =========    ========    ========    ========

The accompanying notes are an integral part of these financial statements.

                                      -3-
   6
                    AMERIGAS PARTNERS, L.P. AND SUBSIDIARIES

              CONDENSED CONSOLIDATED STATEMENT OF PARTNERS' CAPITAL
                                   (unaudited)
                          (Thousands, except unit data)

                                                                                                    
                                          Number of units                                               Total
                                     --------------------------                             General   partners'
                                        Common     Subordinated     Common    Subordinated  partner    capital
                                     -----------   ------------    ---------  ------------  -------   --------
                                                                                         
Balance September 30, 1996            21,949,272     19,782,146    $ 230,376    $ 207,439    $4,421   $442,236

    Net income                                                        38,164       34,410       733     73,307

    Distributions                                                    (36,335)     (32,583)     (696)   (69,614)

    Issuance of Common Units in
       connection with acquisition       111,135                       2,645                     27      2,672

    Capital contribution from
       General Partner                                                   786          709        15      1,510

                                     -----------    -----------    ---------    ---------    ------   --------
Balance June 30, 1997                 22,060,407     19,782,146    $ 235,636    $ 209,975    $4,500   $450,111
                                     ===========    ===========    =========    =========    ======   ========

The accompanying notes are an integral part of these financial statements.

                                      -4-
   7
                             AMERIGAS PARTNERS, L.P.

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (unaudited)
                     (Thousands of dollars, except per unit)

1.  BASIS OF PRESENTATION

    AmeriGas Partners, L.P. (AmeriGas Partners), through its subsidiary AmeriGas
    Propane L.P. (the "Operating Partnership"), is the largest retail propane
    distributor in the United States. The Operating Partnership serves
    residential, commercial, industrial, motor fuel and agricultural customers
    from locations in 44 states, including Alaska and Hawaii. AmeriGas Partners
    and the Operating Partnership are Delaware limited partnerships. AmeriGas
    Propane, Inc. (the "General Partner") serves as the general partner of
    AmeriGas Partners and the Operating Partnership. The General Partner holds a
    1% general partner interest in AmeriGas Partners and a 1.01% general partner
    interest in the Operating Partnership. In addition, the General Partner and
    certain of its wholly owned subsidiaries own an effective 56.5% limited
    partner interest in the Operating Partnership.

    The condensed consolidated financial statements include the accounts of
    AmeriGas Partners, the Operating Partnership and their subsidiaries,
    collectively referred to herein as the Partnership. The General Partner's
    1.01% interest in the Operating Partnership is accounted for in the
    condensed consolidated financial statements as a minority interest.

    The accompanying condensed consolidated financial statements are unaudited
    and have been prepared in accordance with the rules and regulations of the
    U.S. Securities and Exchange Commission. They include all adjustments which
    the Partnership considers necessary for a fair statement of the results for
    the interim periods presented. Such adjustments consisted only of normal
    recurring items unless otherwise disclosed. These financial statements
    should be read in conjunction with the financial statements and notes
    thereto included in the Partnership's Report on Form 10-K for the year ended
    September 30, 1996. Due to the seasonal nature of the Partnership's propane
    business, the results of operations for interim periods are not necessarily
    indicative of the results to be expected for a full year.

    The preparation of financial statements in conformity with generally
    accepted accounting principles requires management to make estimates and
    assumptions that affect the reported amounts of assets and liabilities, the
    disclosure of contingent assets and liabilities at the date of the financial
    statements, and revenues and expenses during the reporting period. Actual
    results could differ from these estimates.

2.  ACCOUNTING FOR DERIVATIVES

    AmeriGas Partners utilizes derivative commodity contracts, including price
    swap agreements, call and put option contracts, and futures contracts, to
    manage market risk associated with a portion of its anticipated propane
    supply requirements, principally during the heating season.

                                      -5-
   8
                             AMERIGAS PARTNERS, L.P.

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (unaudited)
                     (Thousands of dollars, except per unit)

    Gains or losses on derivative commodity contracts associated with forecasted
    transactions are recognized when such forecasted transactions affect
    earnings. If a derivative contract is terminated early because it is
    probable that a transaction or forecasted transaction will not occur, any
    gain or loss as of such date is immediately recognized in earnings. If such
    derivative contract is terminated early for other economic reasons, any gain
    or loss as of the termination date is deferred and recorded when the
    associated transaction or forecasted transaction affects earnings.

3.  DISTRIBUTIONS OF AVAILABLE CASH

    Distributions of 55 cents per limited partner unit (the "Minimum Quarterly
    Distribution" or "MQD") for the quarters ended March 31, 1997, December 31,
    1996 and September 30, 1996 were paid approximately 45 days after the end of
    each such quarter. On July 28, 1997, the Partnership declared the MQD on all
    Common and Subordinated units for the quarter ended June 30, 1997, payable
    August 18, 1997 to holders of record on August 8, 1997.

4.  UNUSUAL ITEMS

    In March 1997, the Partnership sold its 50% equity interest in Atlantic
    Energy, Inc. (Atlantic Energy), a refrigerated liquefied petroleum gas
    storage terminal in Chesapeake, Virginia. The resulting gain of $4,700
    increased net income for the nine and twelve months ended June 30, 1997 by
    $4,652 or $.11 per limited partner unit.

    During the three months ended March 31, 1996, the Partnership completed the
    arrangements for a refund of general liability insurance premium deposits
    which were previously paid by a predecessor company of the Partnership. The
    refund, which has been reflected as a reduction to operating expenses in the
    accompanying condensed consolidated statements of operations, increased net
    income for the nine and twelve months ended June 30, 1996 by $4,356 or $.10
    per limited partner unit.

    During the three months ended March 31, 1996, the Partnership completed a
    reassessment of its potential liability for environmental matters
    principally relating to the clean up of underground storage tanks (USTs).
    The reassessment indicated a reduction in estimated future costs and the
    resulting adjustment has been reflected as a reduction to operating expenses
    in the accompanying condensed consolidated statements of operations. The
    adjustment increased net income for the nine and twelve months ended June
    30, 1996 by $3,312 or $.08 per limited partner unit.

                                      -6-
   9
                          AMERIGAS PARTNERS, L.P.

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (unaudited)
                     (Thousands of dollars, except per unit)

    In September 1995, the General Partner announced changes to its operating
    organizational structure in order to improve the Partnership's response to
    competitive conditions in regional and local markets. As a result of these
    organizational and management changes, the Operating Partnership accrued
    related expenses of $4,339 which decreased net income for the twelve months
    ended June 30, 1996 by $4,295 or $.10 per limited partner unit.

5.  COMMITMENTS AND CONTINGENCIES

    The Partnership has succeeded to the lease guarantee obligations of
    Petrolane Incorporated (Petrolane), a predecessor company of the
    Partnership, relating to Petrolane's divestiture of nonpropane operations
    prior to its 1989 acquisition by QFB Partners. These leases are currently
    estimated to aggregate approximately $81,000 (subject to reduction in
    certain circumstances). The leases expire through 2010 and some of them are
    currently in default. Under certain circumstances such lease obligations may
    be reduced by the earnings of such divested operations. The Partnership has
    succeeded to the indemnity agreement of Petrolane by which Texas Eastern
    Corporation (Texas Eastern), a prior owner of Petrolane, agreed to indemnify
    Petrolane against any liabilities arising out of the conduct of businesses
    that do not relate to, and are not a part of, the propane business,
    including lease guarantees. To date, Texas Eastern has directly satisfied
    its obligations without the Partnership's having to honor its guarantee.

    In addition, the Partnership has succeeded to Petrolane's agreement to
    indemnify Shell Petroleum N.V. (Shell) for various scheduled claims that
    were pending against Tropigas de Puerto Rico (Tropigas). This
    indemnification agreement had been entered into by Petrolane in conjunction
    with Petrolane's sale of the international operations of Tropigas to Shell
    in 1989. The Partnership also succeeded to Petrolane's right to seek
    indemnity on these claims first from International Controls Corp., which
    sold Tropigas to Petrolane, and then from Texas Eastern. To date, neither
    the Partnership nor Petrolane has paid any sums under this indemnity, but
    several claims by Shell, including claims related to certain antitrust
    actions aggregating at least $68,000, remain pending.

    The Partnership has identified environmental contamination at several of its
    properties. The Partnership's policy is to accrue environmental
    investigation and cleanup costs when it is probable that a liability exists
    and the amount or range of amounts can be reasonably estimated. However, in
    many circumstances future expenditures cannot be reasonably quantified
    because of a number of factors, including various costs associated with
    potential remedial alternatives, the unknown number of other potentially
    responsible parties involved and their ability to contribute to the costs of
    investigation and remediation, and changing environmental laws and
    regulations.

                                      -7-
   10
                                AMERIGAS PARTNERS, L.P.

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (unaudited)
                     (Thousands of dollars, except per unit)

    In addition to these environmental matters, there are various other pending
    claims and legal actions arising out of the normal conduct of the
    Partnership's business. The final results of environmental and other matters
    cannot be predicted with certainty. However, it is reasonably possible that
    some of them could be resolved unfavorably to the Partnership. Management
    believes, after consultation with counsel, that damages or settlements, if
    any, recovered by the plaintiffs in such claims or actions will not have a
    material adverse effect on the Partnership's financial position but could be
    material to operating results and cash flows in future periods depending on
    the nature and timing of future developments with respect to these matters
    and the amounts of future operating results and cash flows.

                                      -8-
   11
                             AMERIGAS FINANCE CORP.
             (a wholly owned subsidiary of AmeriGas Partners, L.P.)

                                 BALANCE SHEETS
                                   (unaudited)

                                                              June 30,    September 30,
                                                                1997          1996
                                                              --------    ------------

ASSETS

      Cash                                                     $1,000        $1,000
                                                               ------        ------
           Total assets                                        $1,000        $1,000
                                                               ======        ======
                                                                          
STOCKHOLDER'S  EQUITY                                                     
                                                                          
      Common stock, $.01 par value; 100 shares authorized,                
           issued and outstanding                              $    1        $    1
      Additional paid-in capital                                  999           999
                                                               ------        ------
           Total stockholder's equity                          $1,000        $1,000
                                                               ======        ======

The accompanying note is an integral part of these financial statements.

                                      -9-
   12
                             AMERIGAS FINANCE CORP.
             (A WHOLLY OWNED SUBSIDIARY OF AMERIGAS PARTNERS, L.P.)

                             NOTE TO BALANCE SHEETS

AmeriGas Finance Corp. (AmeriGas Finance), a Delaware corporation, was formed on
March 13, 1995 and is a wholly owned subsidiary of AmeriGas Partners, L.P.
(AmeriGas Partners). AmeriGas Partners was formed on November 2, 1994 as a
Delaware limited partnership. AmeriGas Partners was formed to acquire and
operate the propane businesses and assets of AmeriGas Propane, Inc., a Delaware
corporation (AmeriGas Propane), AmeriGas Propane-2, Inc. (AGP-2) and Petrolane
Incorporated (Petrolane) through AmeriGas Propane, L.P. (the "Operating
Partnership"). AmeriGas Partners holds a 98.99% limited partner interest in the
Operating Partnership and AmeriGas Propane, Inc., a Pennsylvania corporation and
the general partner of AmeriGas Partners (the "General Partner"), holds a 1.01%
general partner interest. On April 19, 1995, (i) pursuant to a Merger and
Contribution Agreement dated as of April 19, 1995, AmeriGas Propane and certain
of its operating subsidiaries and AGP-2 merged into the Operating Partnership
(the "Formation Merger"), and (ii) pursuant to a Conveyance and Contribution
Agreement dated as of April 19, 1995, Petrolane conveyed substantially all of
its assets and liabilities to the Operating Partnership (the "Petrolane
Conveyance"). As a result of the Formation Merger and the Petrolane Conveyance,
the General Partner and Petrolane received limited partner interests in the
Operating Partnership and the Operating Partnership owns substantially all of
the assets and assumed substantially all of the liabilities of AmeriGas Propane,
AGP-2 and Petrolane. AmeriGas Propane conveyed its limited partner interest in
the Operating Partnership to AmeriGas Partners in exchange for 2,922,235 Common
Units and 13,350,146 Subordinated Units of AmeriGas Partners and Petrolane
conveyed its limited partner interest in the Operating Partnership to AmeriGas
Partners in exchange for 1,407,911 Common Units and 6,432,000 Subordinated Units
of AmeriGas Partners. Both Common and Subordinated units represent limited
partner interests in AmeriGas Partners.

On April 19, 1995, AmeriGas Partners issued $100,000,000 face value of 10.125%
Senior Notes due April 2007. AmeriGas Finance serves as a co-obligor of these
notes.

AmeriGas Partners owns all 100 shares of AmeriGas Finance Common Stock
outstanding.

                                      -10-
   13
                             AMERIGAS PARTNERS, L.P.

ITEM 2.              MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

                        ANALYSIS OF RESULTS OF OPERATIONS

THREE MONTHS ENDED JUNE 30, 1997 (1997 THREE-MONTH PERIOD) COMPARED WITH THREE
MONTHS ENDED JUNE 30, 1996 (1996 THREE-MONTH PERIOD)

- -------------------------------------------------------------------------------
                                                               Increase
Three Months Ended June 30,            1997      1996         (Decrease)
- -------------------------------------------------------------------------------
                                  (Millions, except per gallon and percentages)
                                                            
Gallons sold:
    Retail                            145.4     146.5       (1.1)       (.8)%
    Wholesale                          34.5      45.7      (11.2)     (24.5)%
                                     ------    ------     ------              
                                      179.9     192.2      (12.3)      (6.4)%
                                     ======    ======     ======           

Degree days - % colder
    than normal (a)                     9.9%      2.4%       -          -

Revenues:
    Retail propane                   $143.3    $137.9     $  5.4        3.9%
    Wholesale propane                  16.5      20.4       (3.9)     (19.1)%
    Other                              17.9      17.3         .6        3.5%
                                    ------     ------     ------
                                     $177.7    $175.6     $  2.1        1.2%
                                    ======     ======     ======

Total margin (b)                     $ 88.3    $ 79.3     $  9.0       11.3%
EBITDA (c)                           $ 15.9    $  8.3     $  7.6       91.6%
Operating income (loss)              $   .6    $ (6.9)    $  7.5      108.7%
- -------------------------------------------------------------------------------

(a)    Based on the weighted average deviation from average degree days during
       the 30-year period 1961-1990, as contained in the National Weather
       Service Climate Analysis Center database, for geographic areas in which
       AmeriGas Partners operates.

(b)    Total revenues less total cost of sales.

(c)    EBITDA (earnings before interest expense, income taxes, depreciation
       and amortization) should not be considered as an alternative to net
       income (as an indicator of operating performance) or as an alternative
       to cash flow (as a measure of liquidity or ability to service debt
       obligations) and is not a measure of performance or financial condition
       under generally accepted accounting principles.

- ----------

                                      -11-
   14
                             AMERIGAS PARTNERS, L.P.

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
            FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

Retail volumes of propane sold were virtually unchanged during the 1997
three-month period, despite weather which was colder than in the prior-year
period. The correlation of weather and retail sales volume is significantly
lower in the third fiscal quarter than in the first and second fiscal quarters.
The Partnership's management believes that the pass-through by propane
distributors of higher propane product costs during the 1996/1997 heating season
resulted in industry-wide customer conservation efforts which continued to
impact sales volume in the 1997 three-month period. In addition,
warmer-than-normal winter weather resulted in lower required deliveries during
the spring. Although propane product cost was substantially higher during the
first half of the 1996/1997 heating season, the spot price of propane at Mont
Belvieu, a major U.S. storage and distribution hub, has declined from a high of
70.5 cents per gallon on December 16, 1996 to a price of 34.6 cents per gallon
on June 30, 1997. Wholesale volumes of propane sold were lower in the 1997
three-month period reflecting reduced storage inventory sales associated with
product cost management programs.

Total revenues from retail propane sales increased $5.4 million reflecting a
$6.4 million increase as a result of higher average retail propane selling
prices partially offset by a $1.0 million decrease in retail propane revenues
resulting from the lower volumes sold. Wholesale propane revenues decreased $3.9
million reflecting the lower wholesale volumes sold partially offset by higher
average wholesale propane selling prices.

Total propane margin increased in the 1997 three-month period principally
reflecting the impact of higher average retail unit margin partially offset by
reduced volumes of propane sold.

The increase in operating income and EBITDA during the three months ended June
30, 1997 principally reflects the impact of the higher total margin partially
offset by a decrease in miscellaneous income. Total operating expenses were
$74.0 million in the 1997 three-month period, virtually unchanged from the $73.8
million of operating expenses incurred by the Partnership in the 1996
three-month period, as higher compensation expenses were offset by reductions in
insurance and marketing costs. Miscellaneous income in the three months ended
June 30, 1997 was $1.1 million less than in the prior-year period principally
due to reduced income from sales of fixed assets.

Interest expense was $16.0 million in the 1997 three-month period compared with
$15.7 million in the prior-year period reflecting increased interest expense on
the Partnership's Acquisition Facility principally as a result of higher amounts
of debt outstanding.

                                      -12-
   15
                             AMERIGAS PARTNERS, L.P.

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
            FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

NINE MONTHS ENDED JUNE 30, 1997 (1997 NINE-MONTH PERIOD) COMPARED WITH NINE
MONTHS ENDED JUNE 30, 1996 (1996 NINE-MONTH PERIOD)

- --------------------------------------------------------------------------------
                                                                Increase
Nine Months Ended June 30,             1997       1996         (Decrease)
- --------------------------------------------------------------------------------
                                   (Millions, except per gallon and percentages)
                                                              
Gallons sold:
    Retail                            664.7      706.1      (41.4)      (5.9)%
    Wholesale                         176.6      260.9      (84.3)     (32.3)%
                                     ------     ------     ------
                                      841.3      967.0     (125.7)     (13.0)%
                                     ======     ======     ======

Degree days - % colder
    (warmer) than normal (a)           (4.8)%      1.3%       -          -

Revenues:
    Retail propane                   $737.7     $653.0     $ 84.7       13.0%
    Wholesale propane                 106.6      114.3       (7.7)      (6.7)%
    Other                              64.6       68.8       (4.2)      (6.1)%
                                     ------     ------     ------
                                     $908.9     $836.1     $ 72.8        8.7%
                                     ======     ======     ======

Total margin (b)                     $399.0     $367.9     $ 31.1        8.5%
EBITDA (c)                           $170.5     $139.9     $ 30.6       21.9%
Operating income                     $124.1     $ 93.7     $ 30.4       32.4%
- --------------------------------------------------------------------------------

(a)  Based on the weighted average deviation from average degree days during
     the 30-year period 1961-1990, as contained in the National Weather
     Service Climate Analysis Center database, for geographic areas in which
     AmeriGas Partners operates.

(b)  Total revenues less total cost of sales.

(c)  EBITDA (earnings before interest expense, income taxes, depreciation
     and amortization) should not be considered as an alternative to net
     income (as an indicator of operating performance) or as an alternative
     to cash flow (as a measure of liquidity or ability to service debt
     obligations) and is not a measure of performance or financial condition
     under generally accepted accounting principles.

- ----------

                                      -13-
   16
                             AMERIGAS PARTNERS, L.P.

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
            FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

Retail volumes of propane sold decreased in the nine months ended June 30, 1997
reflecting the effects of weather that was 6.5% warmer than in the prior-year
period. In addition, significantly higher propane market prices primarily during
the first half of the 1996/1997 heating season resulted in customer conservation
efforts which further reduced retail volumes. Wholesale volumes of propane sold
were lower in the 1997 nine-month period principally due to reduced low-margin
sales of storage inventories.

Total revenues from retail propane sales increased $84.7 million reflecting a
$123.0 million increase as a result of higher average retail propane selling
prices partially offset by a $38.3 million decrease in retail propane revenues
resulting from the lower volumes sold. The higher prices resulted principally
from higher propane product costs experienced by the Partnership earlier in the
fiscal year. Wholesale propane and other revenues decreased $11.9 million
reflecting the lower wholesale volumes and lower hauling and appliance revenues.

Total propane margin was greater in the nine months ended June 30, 1997
reflecting the impact of higher average retail unit margin partially offset by
reduced volumes of propane sold. Although the Partnership's propane product
costs were significantly higher in the 1997 nine-month period, they were
partially mitigated by favorable fixed-price supply commitments and, to a lesser
extent, derivative contracts entered into by the Partnership as part of its
overall propane supply strategy. In addition, the higher 1997 nine-month
period average retail unit margin reflects the fact that retail unit margins in
the prior-year period were adversely impacted by the effects of certain sales
and marketing programs.

The increase in operating income and EBITDA during the 1997 nine-month period
reflects the impact of the higher total margin and greater miscellaneous income
partially offset by an increase in operating expenses. Total operating expenses
were $238.7 million in the nine months ended June 30, 1997 compared with $235.2
million in the 1996 nine-month period. The 1996 operating expenses are net of
$4.4 million from a refund of insurance premium deposits made in prior years and
$3.3 million from a reduction in accrued environmental costs. Excluding the
impact of these items in the 1996 nine-month period, operating expenses declined
principally reflecting lower expenses related to sales and marketing programs
and a reduction in insurance costs. Miscellaneous income increased $2.9 million
in the nine months ended June 30, 1997 reflecting $4.7 million of income from
the sale of the Partnership's 50% interest in Atlantic Energy, Inc., a
refrigerated liquefied petroleum gas storage terminal in Chesapeake, Virginia.
The Partnership sold its interest in Atlantic Energy after determining that it
was not a strategic asset.

Interest expense was $49.6 million in the 1997 nine-month period compared with
$46.9 million in the prior-year period reflecting increased interest expense on
the Partnership's Revolving Credit and Acquisition facilities principally as a
result of higher amounts outstanding. 

                                      -14-
   17
                             AMERIGAS PARTNERS, L.P.

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
            FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

TWELVE MONTHS ENDED JUNE 30, 1997 (1997 TWELVE-MONTH PERIOD) COMPARED WITH
TWELVE MONTHS ENDED JUNE 30, 1996 (1996 TWELVE-MONTH PERIOD)

- --------------------------------------------------------------------------------
                                                                  Increase
Twelve Months Ended June 30,           1997         1996         (Decrease)
- --------------------------------------------------------------------------------
                                   (Millions, except per gallon and percentages)
Gallons sold:
                                                                
     Retail                            814.0        848.9       (34.9)    (4.1)%
     Wholesale                         225.4        299.8       (74.4)   (24.8)%
                                    --------     --------    --------
                                     1,039.4      1,148.7      (109.3)    (9.5)%
                                    ========     ========    ========

Degree days - % colder (warmer)
     than normal (a)                    (4.6)%        1.6%          -        -

Revenues:
     Retail propane                 $  871.6     $  770.5    $  101.1     13.1%
     Wholesale propane                 130.2        130.7         (.5)     (.4)%
     Other                              84.2         90.8        (6.6)    (7.3)%
                                    --------     --------    --------
                                    $1,086.0     $  992.0    $   94.0      9.5%
                                    ========     ========    ========

Total margin (b)                    $  474.6     $  440.8    $   33.8      7.7%
EBITDA (c)                          $  165.1     $  143.4    $   21.7     15.1%
Operating income                    $  103.2     $   82.1    $   21.1     25.7%

(a)  Based on the weighted average deviation from average degree days during
     the 30-year period 1961-1990, as contained in the National Weather
     Service Climate Analysis Center database, for geographic areas in which
     AmeriGas Partners operates.

(b)  Total revenues less total cost of sales.

(c)  EBITDA (earnings before interest expense, income taxes, depreciation
     and amortization) should not be considered as an alternative to net
     income (as an indicator of operating performance) or as an alternative
     to cash flow (as a measure of liquidity or ability to service debt
     obligations) and is not a measure of performance or financial condition
     under generally accepted accounting principles. 

- ------------

                                      -15-
   18
                             AMERIGAS PARTNERS, L.P.

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
            FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

Retail volumes of propane sold decreased in the 1997 twelve-month period
reflecting the effects of warmer heating-season weather and price-induced
customer conservation efforts. Wholesale volumes of propane sold were lower in
the twelve months ended June 30, 1997 principally due to reduced low-margin
sales of storage inventories.

Total revenues from retail propane sales increased $101.1 million reflecting a
$132.8 million increase as a result of higher average retail propane selling
prices partially offset by a $31.7 million decrease in retail propane revenues
from the lower volumes sold. The higher average selling prices resulted
principally from higher propane product costs experienced by the Partnership
primarily during the first half of the 1997 twelve-month period. Wholesale
propane and other revenues decreased $7.1 million principally reflecting lower
hauling and appliance revenues.

Total propane margin was greater in the 1997 twelve-month period reflecting the
impact of higher average retail unit margin partially offset by reduced volumes
of propane sold. Although the Partnership's propane product costs were
significantly higher during the first half of the 1997 twelve-month period, they
were partially mitigated by favorable fixed-price supply commitments and
financial contracts entered into by the Partnership as part of its overall
propane supply strategy. In addition, the higher 1997 twelve-month period
average retail unit margin reflects the fact that retail unit margins in the
prior-year period were adversely impacted by the effects of certain sales and
marketing programs.

The increase in operating income and EBITDA reflects the impact of the higher
total margin and greater miscellaneous income partially offset by higher
operating expenses. Total operating expenses were $320.8 million in the twelve
months ended June 30, 1997 compared with $306.7 million in the 1996 twelve-month
period. The 1996 twelve-month period operating expenses are net of $4.4 million
from a refund of insurance premium deposits made in prior years and $3.3 million
from a reduction in accrued environmental costs. The $6.5 million increase in
operating expenses during the twelve months ended June 30, 1997, after adjusting
for these items, principally reflects higher equipment maintenance expenses
partially offset by lower costs associated with sales and marketing programs.
Miscellaneous income increased $2.1 million in the 1997 twelve-month period
principally from $4.7 million of income from the sale of the Partnership's 50%
interest in Atlantic Energy.

Interest expense was $65.4 million in the twelve months ended June 30, 1997
compared with $62.2 million in the prior-year period. The increase reflects
higher interest expense on the Partnership's Revolving Credit and Acquisition
facilities principally due to higher amounts outstanding.

                                      -16-
   19
                             AMERIGAS PARTNERS, L.P.

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
            FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

                        FINANCIAL CONDITION AND LIQUIDITY

FINANCIAL CONDITION

The Partnership's debt outstanding at June 30, 1997 totaled $696.8 million
compared with $707.5 million at September 30, 1996. The decrease is principally
a result of a $15 million decrease in borrowings under the Operating
Partnership's Revolving Credit Facility partially offset by $7 million of
borrowings under its Acquisition Facility.

Effective October 28, 1996, the Operating Partnership has a revolving credit
agreement with the General Partner under which it may borrow up to $20 million
to fund working capital, capital expenditures, and interest and distribution
payments. This agreement is coterminous with, and generally comparable to, the
Operating Partnership's Revolving Credit Facility. Borrowings under the General
Partner Facility are unsecured and subordinated to all senior debt of the
Partnership. Interest rates on borrowings are based upon one-month offshore
interbank borrowing rates. Facility fees are determined in the same manner as
fees under the Revolving Credit Facility. UGI Corporation has agreed to
contribute on an as needed basis through its subsidiaries up to $20 million to
the General Partner to fund such borrowings. Also effective October 28, 1996,
the Operating Partnership's Bank Credit Agreement was amended to include a
revolving $15 million sublimit under its Special Purpose Facility which can be
used to fund working capital, capital expenditures, and interest and
distribution payments. This sublimit is scheduled to expire April 12, 1998. At
June 30, 1997, there were no borrowings under the General Partner Facility or
the sublimit under the Special Purpose Facility. The Partnership is currently in
the process of amending its Bank Credit Facilities to, among other things,
extend the terms beyond the originally scheduled expiration dates.

During the nine months ended June 30, 1997, the Partnership declared and paid
the MQD of 55 cents on all units for the quarters ended September 30, 1996,
December 31, 1996 and March 31, 1997. The MQD for the quarter ended June 30,
1997 will be paid on August 18, 1997 to holders of record on August 8, 1997 of
all Common and Subordinated units.

CASH FLOWS

Cash and cash equivalents totaled $21.2 million at June 30, 1997 compared with
$2.1 million at September 30, 1996. Due to the seasonal nature of the propane
business, cash flows from operating activities are generally strongest during
the second and third fiscal quarters of the Partnership when customers pay for
propane purchased during the heating season and are typically at their lowest
levels during the first and fourth fiscal quarters. Accordingly, cash flows from
operations during the nine months ended June 30, 1997 are not necessarily
indicative of cash flows to be expected for a full year.

OPERATING ACTIVITIES. Cash provided by operating activities was $111.0 million
during the nine months ended June 30, 1997 compared with $63.6 million in the
comparable prior-year period. Cash flows from operations before changes in
working capital were $120.8 million in the nine months ended 

                                      -17-
   20
                             AMERIGAS PARTNERS, L.P.

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
            FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)

June 30, 1997 compared with $93.0 million during the nine months ended June 30,
1996 reflecting a significant improvement in the Partnership's operating
performance. Changes in operating working capital during the nine months ended
June 30, 1997 required $9.8 million of operating cash flow principally from
decreases in accounts payable, accrued interest, and accrued employee
compensation and benefits partially offset by a seasonal decrease in
inventories. During the nine months ended June 30, 1996, changes in operating
working capital required $29.4 million of operating cash flow.

INVESTING ACTIVITIES. Cash expenditures for property, plant and equipment
totaled $16.7 million (including maintenance capital expenditures of $6.9
million) during the nine months ended June 30, 1997 compared with $18.1 million
(including maintenance capital expenditures of $5.2 million) in the prior-year
period. Proceeds from disposals of assets totaled $9.2 million during the nine
months ended June 30, 1997 compared with $3.9 million in the same period last
year. The proceeds during the nine months ended June 30, 1997 include the sale
of the Partnership's 50% interest in Atlantic Energy. Maturing short-term
investments increased cash flows from investing activities by $9.0 million
during the 1996 nine-month period. During the nine months ended June 30, 1997,
the Partnership acquired several propane businesses for $4.5 million in cash. In
conjunction with one such acquisition, the Partnership issued 111,135 Common
Units having a fair value of $2.6 million. During the nine months ended June 30,
1996, the Partnership made acquisition-related cash payments of $2.2 million.

FINANCING ACTIVITIES. During each of the nine-month periods ended June 30, 1997
and 1996, AmeriGas Partners declared and paid the MQD on all units and the
general partner interest for the quarters ended September, December and March
totaling $69.6 million. In addition, during each of the nine-month periods ended
June 30, 1997 and 1996, the Operating Partnership distributed $.8 million to the
General Partner in respect of the General Partner's 1.0101% interest in the
Operating Partnership. During the nine months ended June 30, 1997, the Operating
Partnership made $15 million of net repayments under its Revolving Credit
Facility. The maximum amount of seasonal borrowings under the Partnership's
working capital facilities during the nine months ended June 30, 1997 was $73
million compared with $25 million of such borrowings during the nine months
ended June 30, 1996. Seasonal borrowing requirements in the prior-year period
were lower due to the existence of significant cash balances at the beginning of
such period. The Partnership also borrowed $7 million under its Acquisition
Facility during the nine months ended June 30, 1997 relating to acquisitions
made prior to fiscal 1997. There were borrowings of $9 million under the
Acquisition Facility and $5 million under the Special Purpose Facility during
the same period last year.

Cash paid for Partnership formation transactions during the nine months ended
June 30, 1996 represents the reimbursement by the Partnership of fees and
expenses previously paid by AmeriGas, Inc. relating to the formation of the
Partnership.

                                      -18-
   21
                             AMERIGAS PARTNERS, L.P.

                           PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

COMMERCIAL ROW CASES, JUDICIAL COUNCIL OF CALIFORNIA, COORDINATION PROCEEDING
NO. 3096. Beginning in June 1994, twenty-one complaints were filed against
AmeriGas Propane, Inc., a Delaware corporation ("API") and a predecessor of
AmeriGas Propane, L.P., in the Superior Court of California, arising from an
explosion which occurred in Truckee, California on November 30, 1993. The
explosion is alleged to have occurred as the result of the escape of propane gas
from a fractured fitting in an underground supply line. The complaints sought
relief for alleged personal injuries and/or property damage and named as
defendants the manufacturer and the distributor of the fitting, in addition to
API. The cases were consolidated by the Judicial Council of California as the
Commercial Row Cases, Judicial Council Coordination Proceeding No. 3096. All of
the claims have been settled and were dismissed with prejudice on June 16, 1997.
All settlements were fully insured, subject to a $500,000 self-insured
retention.

MATEEL ENVIRONMENTAL JUSTICE FOUNDATION V. AMERIGAS PROPANE, L.P. ET AL. On July
29, 1996, Mateel Environmental Justice Foundation ("Mateel") filed a complaint
in the Superior Court of the State of California, County of San Francisco,
alleging that AmeriGas Propane, L.P. (the "Operating Partnership"), and several
other major propane gas distributors, are in violation of Proposition 65, "The
Safe Drinking Water and Toxic Enforcement Act of 1986" (commonly referred to as
"Prop 65"). The Operating Partnership is a 98.99% owned subsidiary of the
Partnership. The Complaint alleges that the Operating Partnership and its
co-defendants are required to provide warnings that the use of liquid propane
would result in exposure to chemicals known to cause cancer and birth defects,
and that the burning of liquid propane in heaters and other appliances causes
exposure to carbon monoxide, benzene, formaldehyde and acetaldehyde. The maximum
penalty under Prop 65 is $2,500 per day, per person exposed. In addition to the
maximum penalty, Mateel sought attorney's fees and costs, together with an Order
mandating compliance with Prop 65. On April 9, 1997, a Consent Judgment was
reached with the Plaintiffs, which was approved by and filed with the Superior
Court of the State of California, City and County of San Francisco. The
settlement amount was not material.

                                      -19-
   22
                             AMERIGAS PARTNERS, L.P.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

       (a)   List of Exhibits

             10    Amendment No. 1 to the UGI Corporation 1992 Non-Qualified
                   Stock Option Plan is incorporated by reference to Exhibit 10
                   to the UGI Utilities, Inc. Quarterly Report on Form 10-Q for
                   the period ended June 30, 1997.

             27.1  Financial Data Schedule of AmeriGas Partners, L.P.

             27.2  Financial Data Schedule of AmeriGas Finance Corp.

       (b)   AmeriGas Partners, L.P. did not file any Current Reports on
             Form 8-K during the fiscal quarter ended June 30, 1997.

                                      -20-
   23
                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrants have duly caused this report to be signed on their behalf by the
undersigned thereunto duly authorized.

                                    AmeriGas Partners, L.P.
                                 -------------------------------------
                                           (Registrant)
                                 By:
                                        AmeriGas Propane, Inc.,
                                        as General Partner

Date:  August 13, 1997       By: C. L. Ladner
- ----------------------       -----------------------------------------
                                 C. L. Ladner
                                 Vice President - Finance & Accounting

                                    AmeriGas Finance Corp.
                                  -------------------------------------
                                           (Registrant)

Date:  August 13, 1997       By: C. L. Ladner
- ----------------------       -----------------------------------------
                                 C. L. Ladner
                                 Vice President - Finance & Accounting

                                      -21-

   24
                             AMERIGAS PARTNERS, L.P.

                                  EXHIBIT INDEX

   10    Amendment No. 1 to the UGI Corporation 1992 Non-Qualified
         Stock Option Plan is incorporated by reference to Exhibit 10
         to the UGI Utilities, Inc. Quarterly Report on Form 10-Q for
         the period ended June 30, 1997.

   27.1  Financial Data Schedule of AmeriGas Partners, L.P.

   27.2  Financial Data Schedule of AmeriGas Finance Corp.

 5

THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED BALANCE SHEET AND STATEMENT OF OPERATIONS OF AMERIGAS
PARTNERS, L.P. AS OF AND FOR THE NINE MONTHS ENDED JUNE 30, 1997 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS INCLUDED IN
AMERIGAS PARTNERS' QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED
JUNE 30, 1997.

 0000932628
 AMERIGAS PARTNERS, L.P.
 1,000

                   9-MOS
                          SEP-30-1996
                             OCT-01-1996
                               JUN-30-1997
                                          21,206
                                         0
                                   90,564
                                     7,783
                                     61,121
                               173,779
                                         604,738
                                 159,408
                               1,320,812
                          116,169
                                        684,966
                                0
                                          0
                                             0
                                     450,111
                 1,320,812
                                        908,931
                               908,931
                                          509,929
                                  509,929
                                     0
                                     0
                              49,602
                                 74,484
                                       349
                             73,307
                                       0
                                      0
                                            0
                                    73,307
                                     1.74
                                     1.74

  

 5

THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET OF AMERIGAS FINANCE CORP. AS OF JUNE 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH BALANCE SHEET INCLUDED IN AMERIGAS PARTNERS'
QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 1997.

 0000945792
 AMERIGAS FINANCE CORP.

                   9-MOS
                          SEP-30-1996
                             OCT-01-1996
                               JUN-30-1997
                                           1,000
                                         0
                                        0
                                         0
                                          0
                                 1,000
                                               0
                                       0
                                   1,000
                                0
                                              0
                                0
                                          0
                                             1
                                         999
                     1,000
                                              0
                                     0
                                                0
                                        0
                                     0
                                     0
                                   0
                                      0
                                         0
                                  0
                                       0
                                      0
                                            0
                                         0
                                        0
                                        0