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 reports developments across its energy distribution, marketing, midstream and utility businesses in the U.S. and Europe. The company operates through subsidiaries involved in propane distribution, LPG distribution, natural gas transmission and distribution, electric generation and distribution, renewable natural gas, midstream services and energy marketing.
Recurring UGI news includes fiscal earnings announcements, common stock dividend declarations, AmeriGas propane updates, subsidiary financing and debt-management actions, and UGI Energy Services infrastructure and customer arrangements. Coverage also reflects developments tied to regulated utility operations, energy supply services and capital-structure activity across UGI’s operating subsidiaries.
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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UGI Corporation (NYSE: UGI) has appointed Jean Felix (JF) Tematio Dontsop as Vice President, Chief Accounting Officer, and Controller, effective July 19. Tematio Dontsop, aged 45, previously served as Vice President of Internal Audit at West Pharmaceuticals and has extensive experience with PricewaterhouseCoopers in Philadelphia and Paris. He is a certified public accountant with multiple master’s degrees in Finance, Economics, and Accounting from prestigious institutions in France and Cameroon.
UGI Corporation (NYSE: UGI) will host a Virtual Investor Day on June 21, 2021, from 1:00 to 3:00 p.m. ET. Presentations will include insights from Roger Perreault, President and CEO-Elect, alongside other senior management. The focus will be on UGI’s strategic plan, sustainable energy investments, and progress on ESG goals. Interested participants can pre-register online. A replay will be accessible post-event on UGI’s corporate website, allowing stakeholders to catch up on the discussions and insights shared during the investor day.