Ugi (UGI) Stock News

Isle Gas, a subsidiary of AMF Hawaiʻi Investment Holdings managed by Argo Infrastructure Partners, has agreed to acquire AmeriGas Propane's gas storage and delivery assets in Hawaiʻi from UGI Corporation. The acquisition includes 750,000 gallons of propane storage facilities across multiple sites and a delivery fleet serving residential and commercial customers in Oʻahu, Hawaiʻi Island, Maui, and Kauaʻi. Hawaiʻi Gas, which currently serves 34,000 non-utility customers, will service Isle Gas operations. The transaction aligns with Argo's strategy of investing in essential infrastructure assets and supports Hawaiʻi's climate objectives. The deal is expected to close in Q3 2025.

AmeriGas Propane (UGI) has announced a definitive agreement to sell its Hawaii assets to Isle Gas, a subsidiary of AMF Hawaii Investment Holdings, LLC managed by Argo Infrastructure Partners. The sale includes approximately 750,000 gallons of propane storage facilities and multiple delivery fleet assets serving Hawaiian customers. The proceeds from the sale will be used to reduce AmeriGas's debt, aligning with the company's capital allocation strategy. The transaction, expected to close in Q4 fiscal 2025, represents AmeriGas's strategic decision to exit the Hawaii market and focus resources on markets offering better operational performance potential. Cetane Associates served as the exclusive financial advisor for the transaction.

AmeriGas Partners and AmeriGas Finance Corp., subsidiaries of UGI Corporation (NYSE: UGI), announced the results of their tender offer for their 5.875% Senior Notes due 2026. The tender offer received submissions for $553,275,000 in aggregate principal amount, representing approximately 83.3% of the outstanding 2026 Notes. Holders who validly tendered their notes will receive $1,010 for each $1,000 principal amount, plus accrued and unpaid interest. The settlement date is expected to be May 30, 2025. The Offerors also issued a conditional notice to redeem any remaining outstanding 2026 Notes not purchased in the tender offer. The tender offer's completion is subject to conditions including successful debt financing transactions to fund the purchase.

UGI Corporation's subsidiaries, AmeriGas Partners and AmeriGas Finance Corp., have priced a $550 million senior notes offering with a 9.500% interest rate, maturing in 2030. The notes will be offered to qualified institutional buyers under Rule 144A and international investors under Regulation S. The proceeds will be used to redeem the Issuers' existing 5.875% Senior Notes due 2026. The offering is expected to close around May 30, 2025.

UGI Corporation's subsidiaries, AmeriGas Partners and AmeriGas Finance Corp., have announced plans to offer $550 million in senior notes due 2030. The offering will be made to qualified institutional buyers under Rule 144A and international investors under Regulation S of the Securities Act.

The companies plan to use the proceeds, along with cash on hand and other liquidity sources, to fully redeem or repurchase their 5.875% Senior Notes due 2026. The new notes will not be registered under the Securities Act and cannot be offered or sold in the United States without registration or an applicable exemption.

AmeriGas Partners and AmeriGas Finance Corp., subsidiaries of UGI Corporation (NYSE: UGI), have launched a cash tender offer for their outstanding 5.875% Senior Notes due 2026. The offer price is set at $1,010 per $1,000 principal amount, plus accrued and unpaid interest. The tender offer expires on May 27, 2025, at 5 p.m. New York City time. Holders can withdraw tendered notes until the Withdrawal Deadline. The Offerors plan to redeem any remaining outstanding 2026 Notes not purchased in the offer. The tender offer is contingent upon successful completion of debt financing transactions to fund the purchase and associated expenses. BofA Securities serves as the Dealer Manager for the tender offer.

UGI Corporation (NYSE: UGI) reported strong financial results for Q2 2025, with adjusted diluted EPS increasing 12% year-over-year to $2.21 compared to $1.97 in the prior year. Year-to-date adjusted diluted EPS reached $3.58 versus $3.16 in the prior period, while EBIT grew to $1,112 million from $1,073 million.

The company maintains a strong liquidity position of $1.9 billion as of March 31, 2025, and has increased its Fiscal 2025 adjusted EPS guidance to $3.00 - $3.15 per share. CEO Bob Flexon highlighted that natural gas businesses continue to be the primary growth driver, with strategic infrastructure investments in regulated utilities driving rate base expansion. The company is also focusing on improving AmeriGas operations and maintaining strong international cash flows.

UGI Corporation (NYSE: UGI) has announced its latest quarterly dividend payment. The company's Board of Directors has declared a dividend of $0.375 per share on its common stock, which will be paid on July 1, 2025, to shareholders of record as of June 16, 2025. This declaration marks a significant milestone for UGI, representing its 141st consecutive year of paying common dividends, demonstrating a long-standing commitment to providing shareholder returns.

UGI (NYSE: UGI) has scheduled its Fiscal 2025 second quarter earnings announcement for May 7, 2025, after market close. The company will host a conference call to discuss the results on Thursday, May 8, 2025, at 9:00 AM ET via a live internet audio webcast. Investors and interested parties can access the webcast through the company's investor relations website at ugicorp.com/investors or through the financial reports and events section.