Ugi Corp Stock Price, News & Analysis

UGI Corporation (NYSE:UGI) is set to announce its second fiscal quarter earnings on May 5, after market close. A live webcast for the conference call will occur on May 6 at 9:00 AM ET, where company results and activities will be discussed. Interested parties can access the live audio and replay on the UGI investor page. The company's operations include natural gas and electric utilities, LPG distribution, and energy marketing across multiple states and internationally in Europe.

UGI Corporation (NYSE:UGI) has joined the Natural Gas Supply Collaborative (NGSC), increasing its membership to 17 companies. The NGSC includes utilities and power generators dedicated to promoting safe natural gas supply practices, collectively serving over 60 million households. UGI aims to enhance its Environmental, Social and Governance (ESG) initiatives, focusing on reducing methane and greenhouse gas emissions. The company operates natural gas and electric utilities in Pennsylvania and distributes LPG both domestically and internationally.

UGI Utilities has signed a groundbreaking agreement with Archaea Energy to integrate renewable natural gas (RNG) from the Keystone Landfill into its distribution system. This marks UGI's first RNG supply interconnect agreement. Set to become operational in September 2021, the system will handle up to 16,000 mcf of RNG daily, making it the largest RNG supply point in the U.S. The initiative aims to reduce CO₂ emissions by approximately 314,000 metric tons annually, equivalent to the emissions of over 67,000 vehicles.

Pine Run Gathering LLC has acquired Pine Run Midstream, LLC from an affiliate of PennEnergy for $205 million. This transaction will be financed with equity from Stonehenge Energy Resources and UGIES. Pine Run Midstream operates a 43-mile dry gas gathering pipeline in Pennsylvania, which has been operational since 2014. The acquisition is expected to be immediately accretive to earnings and aligns with UGIES's strategy of expanding its natural gas portfolio in the Appalachian basin.

UGI Corporation (NYSE: UGI) reported strong fiscal Q1 results ending December 31, 2020, with GAAP diluted EPS at $1.44 and adjusted diluted EPS at $1.18, compared to $1.00 and $1.17 respectively last year. Earnings before interest expense and income taxes (EBIT) totaled $414 million, slightly down from $419 million. Factors such as increased margins at UGI International and disciplined expense management countered the effects of warmer weather and COVID-19. The company is focusing on renewable energy projects and has signed an agreement to acquire Mountaineer Gas Company.

UGI Corporation has declared a quarterly dividend of $0.33 per share, payable on April 1, 2021, to shareholders on record as of March 15, 2021. This marks UGI's commitment to returning value to shareholders, as it has consistently paid dividends for 136 consecutive years and increased its dividend for the last 33 years.

UGI is involved in the distribution and marketing of energy products and services, operating natural gas and electric utilities primarily in Pennsylvania.

UGI International, a subsidiary of UGI Corporation (NYSE:UGI), has formed a supply and development partnership with Ekobenz, a Polish company specializing in bioethanol conversion to bioLPG. This exclusive agreement grants UGI rights to supply bioLPG, a renewable product made from industrial waste, enhancing its sustainable fuel portfolio. UGI aims to decarbonize operations in line with the Paris Agreement and is poised to receive the first shipment of bioLPG from Ekobenz's facility in Poland in spring 2023, marking a significant advancement in sustainable fuel production in Europe.

UGI Corporation (NYSE: UGI) will announce its first fiscal quarter earnings on February 3 after market close. A conference call will follow at 9:00 AM ET on February 4, accessible via live audio webcast. UGI is an energy distributor and marketer with operations in natural gas, electric utilities, and LPG distribution across several states and internationally. The company also engages in renewable energy marketing.