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UGI Corporation - UGI STOCK NEWS

Welcome to our dedicated page for UGI Corporation news (Ticker: UGI), a resource for investors and traders seeking the latest updates and insights on UGI Corporation stock.

UGI Corporation (NYSE: UGI) is a diversified energy holding company that, through its subsidiaries, distributes, stores, transports, and markets energy products and related services. The company operates across several sectors, providing a comprehensive range of energy solutions to a broad customer base both domestically and internationally. UGI’s core business segments include AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities.

AmeriGas Propane is the largest retail propane distributor in the United States, catering to millions of residential, commercial, industrial, agricultural, and motor fuel customers. This segment ensures the safe and efficient delivery of propane, enhancing energy accessibility.

UGI International operates in various countries, distributing liquefied petroleum gases (LPG) such as propane and butane through its Antargaz and Flaga brands. This segment is crucial for providing reliable energy solutions to international markets and drives a significant portion of UGI’s revenue.

Midstream & Marketing encompasses the management of midstream assets and energy marketing activities. This includes the transportation, storage, and marketing of natural gas, electricity, and liquid fuels, ensuring a stable and efficient supply chain.

UGI Utilities includes regulated natural gas and electric distribution operations. Serving over 700,000 customers in Pennsylvania and West Virginia, this segment is dedicated to delivering safe, reliable, and affordable energy services to residential, commercial, and industrial users.

Notable Achievements include UGI’s consistent performance as a Fortune 500 company and its commitment to paying common dividends to its investors. The company’s strategic acquisitions and partnerships have continuously expanded its operational footprint and service capabilities.

UGI Corporation is committed to sustainability and innovation. Current projects focus on enhancing energy efficiency, reducing carbon emissions, and exploring renewable energy sources. These initiatives align with global trends towards environmentally friendly energy solutions.

Financially, UGI remains robust, with a balanced growth and income approach. The company's diversified portfolio ensures stability and resilience in the volatile energy market.

In summary, UGI Corporation is a significant player in the energy sector, dedicated to providing diverse energy solutions while emphasizing sustainability and innovation. Investors and stakeholders can rely on UGI’s consistent performance and commitment to growth.

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UGI (NYSE: UGI) has announced that it will release its fiscal year 2024 earnings results after the market closes on November 21, 2024. The company will host a live internet audio webcast and conference call to discuss these results, along with its financial outlook and other business updates, on Friday, November 22 at 9:00 AM ET.

Interested parties can access the audio webcast both live and in replay format through the company's investor relations website at https://www.ugicorp.com/investors/financial-reports/events-and-presentations or by visiting the main website at https://www.ugicorp.com and navigating to the 'Investors' section, then 'Events and Presentations'.

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UGI (NYSE: UGI) has announced the appointment of Robert C. Flexon as President and Chief Executive Officer, effective November 1, 2024. Flexon will replace Mario Longhi, who has been serving as Interim President and CEO since December 2023. Longhi will resume his role as an independent director and non-executive chair of UGI's Board of Directors.

Flexon, 66, brings extensive leadership and industry experience to UGI. He previously served as UGI's Chief Financial Officer from February to July 2011. His career includes roles as CEO of Dynegy Inc., Foster Wheeler AG, and interim CEO of Capstone Green Energy Holdings, Inc. Flexon will step down from his current position as Chair of PG&E 's Board of Directors to assume his new role at UGI.

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UGI (NYSE: UGI) has announced the appointment of Melanie Ruiz and David Bingenheimer to its Board of Directors, effective November 1, 2024. Ms. Ruiz, currently the Chief Information and Technology Officer at ABM Industries, brings extensive experience in enterprise-wide technology strategy and cybersecurity. Mr. Bingenheimer serves as Executive Vice President and General Manager of Ecolab Digital at Ecolab Inc., with a strong background in digital information and technology leadership.

Mario Longhi, UGI's Interim President, CEO, and Board Chairman, expressed confidence that the new directors' expertise in IT, strategy, and operations will significantly contribute to UGI's long-term strategy. Both appointees have held senior technology roles in various industries, enhancing the board's capabilities in digital transformation and technological innovation.

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UGI (NYSE: UGI) has announced the election of Tina Faraca to its Board of Directors, effective August 7, 2024. Ms. Faraca, currently serving as Executive Vice President and President of U.S. Natural Gas Pipelines at TC Energy , brings extensive experience in energy infrastructure and strategic planning. Her appointment is expected to bolster UGI's leadership with her industry expertise and operational knowledge.

Prior to her role at TC Energy, Ms. Faraca held key positions at Enable Midstream Partners and Enbridge, showcasing a strong background in commercial operations and strategic development within the energy sector. UGI's Interim President and CEO, Mario Longhi, expressed confidence that Ms. Faraca's experience will be a valuable asset to the company's board.

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UGI (NYSE: UGI) reported its fiscal 2024 third quarter results, showing improvement over the prior year. Q3 GAAP diluted EPS was $(0.23) and adjusted diluted EPS was $0.06, compared to $(3.76) and $0.00 respectively in the prior-year period. Year-to-date GAAP diluted EPS reached $2.52 and adjusted diluted EPS was $3.22, up from $(7.78) and $2.81 in the previous year. The company achieved a $38 million year-over-year reduction in operating and administrative expenses across all segments. UGI refinanced over $1 billion of debt and completed approximately $460 million of debt reduction at AmeriGas Propane. The company maintains its fiscal 2024 adjusted diluted EPS guidance range of $2.70 - $3.00 per share.

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UGI (NYSE: UGI) has announced a quarterly dividend of $0.375 per share on its common stock. The dividend is set to be paid on October 1, 2024, to shareholders who are on record as of September 16, 2024. This declaration by UGI's Board of Directors demonstrates the company's commitment to providing regular returns to its shareholders. The dividend announcement is a key piece of information for current and potential investors, as it reflects the company's financial health and shareholder value strategy.

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UGI (NYSE: UGI) has released its 2023 ESG report titled, The Journey: Managing Climate Risks and Opportunities. The report reveals a 50% reduction in Scope I (direct) emissions, with a target of 55% by 2025. UGI also achieved a 25% increase in spend with diverse Tier I and Tier II suppliers, meeting this goal two years early. The report highlights alignment with several United Nations Sustainable Development Goals and showcases recent ESG recognitions, including maintaining an AAA MSCI rating, a 'B' ranking from the Carbon Disclosure Project (CDP), and an upgrade to Medium-Risk from Morningstar Sustainalytics. Interim CEO Mario Longhi expressed UGI's commitment to evaluating climate risks and opportunities, aiming to innovate and improve services for customers, investors, and employees.

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UGI (NYSE: UGI) will release its third fiscal quarter earnings results after the market closes on August 7, 2024.

The company will host a live audio webcast on August 8 at 9:00 AM ET to discuss the earnings results and other current activities. Interested parties can access the webcast live or in replay via the UGI website.

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UGI (NYSE: UGI) announced early tender results for its subsidiaries, AmeriGas Partners and AmeriGas Finance Corp., regarding their cash tender offer for 5.500% Senior Notes due 2025. The Offerors increased the purchase cap from $450 million to $475 million. As of the early tender deadline, $632.586 million in principal amount was tendered, with $475 million accepted for purchase. Any tendered notes not accepted will be credited back to holders' accounts. The acceptance was made on a pro rata basis, with a proration factor of approximately 75.17%. No further notes will be accepted after the early tender deadline. Payment for accepted notes will be made on June 27, 2024.

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UGI has announced that its subsidiaries, AmeriGas Partners and AmeriGas Finance Corp., have initiated a cash tender offer to purchase up to $450 million of their 5.500% Senior Notes due 2025. The offer, set forth in the Offer to Purchase dated June 11, 2024, provides a purchase price of $1,005 per $1,000 principal amount of Notes tendered by June 25, 2024, with an early tender payment of $50. Notes tendered after this date but by July 11, 2024, will receive $955 per $1,000 principal amount. The offer includes accrued and unpaid interest until the settlement date and can be withdrawn before June 25, 2024. BNP Paribas Securities Corp. is acting as the Dealer Manager for this offer.

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FAQ

What is the current stock price of UGI Corporation (UGI)?

The current stock price of UGI Corporation (UGI) is $23.915 as of November 6, 2024.

What is the market cap of UGI Corporation (UGI)?

The market cap of UGI Corporation (UGI) is approximately 5.1B.

What does UGI Corporation do?

UGI Corporation distributes, stores, transports, and markets energy products and services through its various business segments.

What are the main business segments of UGI Corporation?

UGI Corporation operates through AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities.

Where does UGI Corporation operate?

UGI Corporation operates both domestically in the United States and internationally through its various subsidiaries and affiliates.

What is AmeriGas Propane?

AmeriGas Propane is the largest retail propane distributor in the U.S., serving residential, commercial, industrial, agricultural, and motor fuel customers.

How does UGI International contribute to UGI Corporation?

UGI International distributes liquefied petroleum gases (LPG) like propane and butane in various international markets, generating significant revenue for the company.

What services are included in UGI's Midstream & Marketing segment?

This segment includes the transportation, storage, and marketing of natural gas, electricity, and liquid fuels, managing midstream assets to ensure efficient energy delivery.

What is UGI Utilities?

UGI Utilities provides regulated natural gas and electric distribution services to over 700,000 customers in Pennsylvania and West Virginia.

What recent achievements has UGI Corporation made?

UGI Corporation continuously performs as a Fortune 500 company and remains committed to paying common dividends. It has also strategically expanded through acquisitions and partnerships.

What sustainability initiatives does UGI Corporation have?

UGI focuses on energy efficiency, reducing carbon emissions, and exploring renewable energy sources as part of its sustainability and innovation efforts.

How does UGI Corporation ensure financial stability?

UGI maintains a balanced growth and income approach, supported by a diversified portfolio that provides stability in the volatile energy market.

UGI Corporation

NYSE:UGI

UGI Rankings

UGI Stock Data

5.11B
214.69M
0.42%
87.81%
3.38%
Utilities - Regulated Gas
Gas & Other Services Combined
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United States of America
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