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 Corporation has declared a quarterly dividend of $0.33 per share, set to be paid on January 1, 2021 to shareholders of record by December 15, 2020. This marks UGI's commitment to returning value to its investors, showcasing a remarkable track record of paying dividends for 136 consecutive years and increasing them for 33 consecutive years. UGI operates in energy distribution and marketing, with services spanning natural gas, electric utilities, and LPG both domestically and internationally.
UGI Corporation (NYSE:UGI) reported a strong fiscal year 2020, with GAAP net income of $532 million, compared to $256 million in the previous year. Adjusted EPS increased to $2.67 from $2.28. Fourth-quarter results exceeded expectations due to lower-than-anticipated COVID-19 impact. The company raised its capital investment forecast to $430 million for fiscal 2021, with adjusted EPS guidance of $2.65 - $2.95. Key initiatives include a $200 million LPG transformation and investments in renewable energy projects, enhancing both operational efficiency and sustainability.
UGI Corporation (NYSE: UGI) has announced its 2020 Virtual Investor Day scheduled for December 7, 2020, from 1:00 p.m. to 3:00 p.m. EST. Senior management will present the company's strategic plans, operational growth strategies, and financial outlook, focusing on sustainable energy solutions. Interested participants can pre-register via the provided link, and a replay will be available on UGI's corporate website following the event.
UGI Corporation (NYSE: UGI) will announce its fiscal year 2020 earnings on November 18, after market close. Following the earnings report, the company will host a conference call on November 19 at 9:00 AM ET to discuss the results and current activities. Interested parties can listen to the live webcast or replay on their official site or the provided link. The company operates in energy distribution and marketing, managing utilities and LPG distribution both domestically and internationally. Further details are available on their website.
UGI Corporation announced the sale of its 6% stake in the Conemaugh coal-fired power generation station to Montour, LLC. This divestment, which comprises 102 MW, is aimed at reducing UGI's CO2 equivalent emissions by over 30%. The move aligns with UGI's commitment to enhancing its Midstream and Utilities businesses and advancing its Environmental, Social, and Governance (ESG) initiatives. Executive Vice President Robert F. Beard emphasized the company’s goal of significantly lessening its operational environmental impact while providing affordable renewable energy solutions.