UGI Corporation - $UGI STOCK NEWS

UGI reported strong financial results for the fiscal quarter ended March 31, 2024, with GAAP diluted EPS of $2.30 and adjusted diluted EPS of $1.97. The Board concluded the strategic review of its LPG businesses, focusing on AmeriGas Propane, and decided to retain ownership. The company aims for a long-term EPS growth rate of 4-6% and affirmed its commitment to return value to shareholders through dividend payments. UGI reaffirmed its fiscal 2024 adjusted diluted EPS guidance range of $2.70 - $3.00 per share.

UGI (NYSE: UGI) will reveal its second fiscal quarter earnings on May 1, 2024, through a live webcast on May 2, 2024. Interested parties can access the webcast on the company's website.

UGI Corporation (NYSE: UGI) reported strong financial results for the fiscal quarter ended December 31, 2023, with a Q1 GAAP diluted EPS of $0.44 and adjusted diluted EPS of $1.20. The reportable segments earnings before interest expense and income taxes1 (EBIT) was $425 million, showing a 3.4% increase from the prior-year period. The company also achieved a 77% increase in EBIT from UGI International, due to the continued exit of the non-core energy marketing business, higher LPG volumes, and increased unit margins. UGI Corporation maintained a strong liquidity of approximately $1.5 billion as of December 31, 2023, and received approval for a gas rate case in West Virginia, allowing for a $13.9 million annual distribution rate increase. However, AmeriGas experienced a decline in its year-over-year financial results, prompting the need for renewed focus on execution. The company's strategic priorities include delivering reliable earnings growth, returning cash to shareholders through dividends, achieving sustainable cost savings, and strengthening the balance sheet.

UGI Corporation (NYSE: UGI) has declared a quarterly dividend of $0.375 per share of the Company’s common stock, payable on April 1, 2024. The Board of Directors also declared a quarterly dividend of 0.125% per annum, payable in cash, on the Company’s convertible preferred stock. UGI has a strong track record of paying common dividends for 139 consecutive years and raising its dividend in each of the last 36 years.

UGI Corporation (UGI) will release its first fiscal quarter earnings on January 31, 2024, followed by a live internet audio webcast on February 1 at 9:00 AM ET to discuss the results and current activities. Interested parties can listen to the webcast live or in replay on the company's website.

UGI Corporation (NYSE: UGI) announced the appointment of Mario Longhi as interim CEO, succeeding Roger Perreault. The company is undergoing a strategic review process to unlock shareholder value. Longhi, a former CEO of United States Steel Corporation, will lead the company during the CEO search process and the ongoing strategic review. UGI also reaffirms its fiscal year 2024 guidance of adjusted EPS in the range of $2.70 - $3.00 per diluted share.

UGI Corporation (NYSE: UGI) issued fiscal 2024 guidance, reporting a GAAP net loss of $(1,502) million and adjusted net income of $613 million. The company's GAAP diluted (loss) earnings per share were $(7.16) and adjusted diluted EPS of $2.84. UGI Corporation provided an adjusted EPS guidance range of $2.70 - $3.002 for the fiscal year ending September 30, 2024. The company also highlighted strategic accomplishments, including record earnings at the Utilities and Midstream & Marketing segments and significant capital deployment to renewable energy projects.

UGI Corporation (NYSE: UGI) Declares Quarterly Dividend and Continues 139-Year Dividend Payment Streak

UGI Corporation appoints Jason Rich as Vice President and Treasurer.