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.
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.
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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.
UGI Corporation (NYSE: UGI) has finalized an agreement to acquire Mountaintop Energy Holdings LLC for an enterprise value of $540 million, which includes $140 million in assumed debt. This acquisition enhances UGI's utility footprint, increasing its regulated utility rate base by nearly 14% and customer base by 30%. The deal is expected to be accretive to adjusted earnings per share in the first full year of operations, supporting UGI's long-term growth targets of 6%-10% EPS growth and 4% annual dividend growth.
UGI Corporation (NYSE: UGI) has signed a definitive agreement to acquire Mountaintop Energy Holdings LLC for an enterprise value of $540 million, assuming $140 million in debt. This acquisition enhances UGI's footprint in West Virginia, increasing the regulated utility rate base and customers served by approximately 14% and 30% respectively. It is projected to be accretive to adjusted EPS in the first full year and aligns with UGI's long-term financial goals of 6%-10% annual EPS growth and 4% dividend growth. Closing is subject to regulatory approvals.
UGI Corporation (NYSE:UGI) has joined the coalition Our Nation’s Energy Future (ONE Future), adding to a total of 34 participating companies. Established in 2014, ONE Future aims to reduce methane emissions across member facilities to 1% or less of total natural gas production. UGI’s Executive Vice President, Robert F. Beard, emphasized the company's commitment to greenhouse gas emission reduction, highlighting a focus on responsible growth and environmental stewardship. UGI operates various energy services and utilities in Pennsylvania and internationally.