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) is an international distributor and marketer of energy products and services in the U.S. and Europe, with activities in natural gas, LPG and propane, electricity, midstream services, renewable natural gas and energy marketing. The UGI news feed on Stock Titan aggregates company announcements, segment updates and regulatory disclosures that reflect developments across its Utilities, Midstream & Marketing, UGI International and AmeriGas Propane segments.
Investors following UGI-related news can review earnings releases that detail revenues, total margin, operating income and segment earnings before interest expense and income taxes, along with discussions of weather impacts, asset sales and portfolio optimization initiatives. The company also issues guidance ranges for future fiscal years and provides commentary on liquidity, leverage and capital allocation priorities in its results announcements.
News from UGI and its subsidiaries covers a range of topics, including LPG portfolio rationalization in Europe by UGI International, credit and receivables facility amendments at AmeriGas Propane and UGI Energy Services, and agreements to supply renewable natural gas to municipal and commercial customers. Announcements may also highlight sponsorships and community-focused initiatives involving AmeriGas, as well as regular dividend declarations by UGI’s board of directors.
By using this news page, readers can monitor UGI’s official communications, such as Business Wire and other press releases, to understand how its energy distribution, midstream operations, international LPG activities and renewable projects are evolving over time. The feed can be revisited to see new earnings reports, guidance updates, financing arrangements and strategic actions disclosed by the company.
UGI Corporation (NYSE: UGI) released its third Environmental, Social, and Governance (ESG) report titled, The Foundation of a Renewable Energy Future. The report outlines UGI's plans to reduce Scope I emissions by 55% within five years, aligning with the Paris Climate Accord. Key initiatives include investing in low carbon alternatives like CNG and RNG, and enhancing safety with a 35% reduction in total recordable injuries by 2025. UGI launched the BIDE initiative to boost diversity and promoted community engagement with over 37,000 hours volunteered. CEO John L. Walsh emphasizes UGI's commitment to sustainable energy solutions.
UGI Corporation reported strong fiscal Q2 results for the quarter ending March 31, 2021, with GAAP diluted EPS of $2.33 and adjusted diluted EPS of $1.99, a substantial increase from $1.07 and $1.56 respectively, year-over-year. Year-to-date EPS also rose to $3.77 (GAAP) and $3.17 (adjusted). The company achieved $630 million in EBIT, driven by colder weather, effective margin management, and the recent base rate increases. Cash flow from operations grew by 15%. UGI raised its adjusted EPS guidance to $2.90 - $3.00 for fiscal 2021, underscoring robust performance amid challenges posed by COVID-19.
UGI Corporation (NYSE: UGI) has declared a quarterly dividend of $0.345 per share, marking a 4.5% increase. This dividend is payable on July 1, 2021 to shareholders on record as of June 15, 2021. This announcement highlights UGI's 34th consecutive year of increasing dividends and its robust financial performance, boasting a 7.8% compound annual growth rate over the past five years. UGI has maintained a consistent dividend payment for 137 years and continues to demonstrate confidence in its earnings growth and cash flow.
Cayuga RNG Holdings has announced agreements to develop dairy farm digester projects for renewable natural gas (RNG) in upstate New York. The first project at Spruce Haven Farm aims to produce 50 million cubic feet of RNG annually from dairy waste, utilizing an existing biogas digester. Completion is targeted for the second half of 2022. Cayuga RNG is also exploring additional projects in the region. This initiative supports UGI's sustainability goals and greenhouse gas reduction strategies while financially benefiting local dairy farms by monetizing waste.
UGI Corporation (NYSE: UGI) announces the retirement of John L. Walsh as President and CEO effective June 25, 2021. Walsh, CEO since 2013, will remain on the Board of Directors. Roger Perreault, previously Executive VP of Global LPG and President of UGI International, will succeed him. Walsh's tenure saw significant growth through key acquisitions like Totalgaz France and AmeriGas, and advancements in environmental initiatives. The transition aims to continue UGI's focus on renewable energy and operational excellence.
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.