Welcome to our dedicated page for Ugi news (Ticker: UGI), a resource for investors and traders seeking the latest updates and insights on Ugi stock.
UGI Corporation (NYSE: UGI) delivers essential energy solutions through propane distribution, natural gas utilities, and midstream operations. This news hub provides investors and industry stakeholders with centralized access to official updates and market developments.
Track critical announcements including quarterly earnings, infrastructure investments, regulatory filings, and partnership agreements. Our curated feed combines press releases with verified third-party analysis for complete perspective on UGI's operational and financial trajectory.
Key coverage areas include energy commodity pricing impacts, international propane market trends, utility rate case decisions, and sustainability initiatives. Bookmark this page for real-time updates on one of North America's most diversified energy distributors.
UGI Utilities has received regulatory approval from the Pennsylvania Public Utility Commission for a five-year pilot program to purchase renewable natural gas (RNG). This initiative is the first of its kind in Pennsylvania, aimed at integrating RNG into UGI's supply portfolio while reducing costs for customers. The program, which received unanimous support from PA PUC Commissioners, will leverage economic incentives to mitigate the expenses associated with RNG procurement. UGI has also established an interconnect agreement with Archaea Energy, which will enable the delivery of up to 16,000 mcf of RNG daily, making it the largest RNG supply point in the U.S.
UGI Corporation (NYSE:UGI) will announce its fourth fiscal quarter earnings after market close on November 18. A live audio webcast of the conference call is scheduled for 9:00 AM ET on November 19, where the company will discuss its results and current activities. The audio webcast will be available live and for replay on the company's website. A telephonic replay can also be accessed from 12:00 PM ET on November 19 to 11:59 PM ET on November 26.
MBL Bioenergy, a joint venture involving UGI Energy Services, has announced agreements to develop dairy farm digester projects in South Dakota aimed at producing renewable natural gas (RNG). The projects are expected to yield 650 million cubic feet of RNG annually by the end of 2024, representing an investment exceeding $100 million. UGI's subsidiary GHI Energy will exclusively market the RNG. This initiative aligns with UGI's strategy to enhance its position in sustainable energy and contribute to greenhouse gas reduction.
Cayuga RNG Holdings has announced its second renewable natural gas (RNG) project in upstate New York, following its first initiative at Spruce Haven Farm. Located at Allen Farms, the project will utilize dairy waste as feedstock for an anaerobic digester and is expected to produce 85 million cubic feet of RNG annually. The total commitment to renewable RNG projects now exceeds $100 million. UGI Energy Services, a subsidiary of UGI Corporation (NYSE: UGI), will play a significant role in this project as the exclusive off-taker and marketer of the RNG.
UGI Corporation has successfully completed the acquisition of Mountaintop Energy Holdings LLC, valued at $540 million, enhancing its utility operations in the mid-Atlantic region. Mountaineer Gas Company, now a wholly-owned subsidiary, serves nearly 215,000 customers across West Virginia. C. David Lokant has been appointed as president. The acquisition allows UGI to invest in the enhancement of natural gas distribution systems, focusing on environmentally responsible energy solutions. This strategic move supports UGI's commitment to reliable earnings growth and portfolio rebalancing.
UGI Corporation reported Q3 fiscal results with GAAP diluted EPS of $0.71 and adjusted diluted EPS of $0.13, an increase from $0.41 and $0.08 in the prior year. Year-to-date GAAP EPS reached $4.48, up from $2.49.
Key drivers include increased margins at UGI International and new base rates at UGI Utilities. The company anticipates closing the Mountaineer acquisition within this fiscal year. UGI is also advancing its renewables strategy, including projects in renewable natural gas.
Hamilton RNG Holdings announced definitive agreements for developing innovative food waste digester projects to produce renewable natural gas (RNG) in Ohio and Kentucky. The first project, "Synthica St. Bernard," near Cincinnati, will process 190,000 tons of food waste annually, generating approximately 250,000 MMBTUs of RNG for local pipelines. This initiative aims to reduce waste and greenhouse gas emissions while enhancing renewable energy use. UGI Corporation's subsidiary, GHI Energy, will exclusively market the RNG produced.
UGI Corporation (NYSE: UGI) has declared a quarterly dividend of $0.345 per share, payable on October 1, 2021, to shareholders of record as of September 15, 2021. UGI has a history of paying common dividends for 137 consecutive years and has increased its dividend for the last 34 years. Additionally, a 0.125% per annum dividend on convertible preferred stock will be payable in cash on September 1, 2021. UGI is involved in energy product distribution and operates utilities in multiple states and internationally.
UGI Corporation (NYSE: UGI) will report its third fiscal quarter earnings on August 4, with a conference call scheduled for 9:00 AM ET on August 5. The audio webcast will be accessible live and via replay on their website. UGI operates energy distribution and marketing, including natural gas and electric utilities in Pennsylvania, LPG distribution through AmeriGas, and midstream energy assets across several states.
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