Ugi Corp Stock Price, News & Analysis

Archaea Energy Inc. (NYSE: LFG) has signed a five-year RNG purchase and sale agreement with UGI Utilities for 331,785 MMBtu of renewable natural gas (RNG) annually from its Assai RNG facility, effective July 1, 2022. This partnership marks Archaea's second term agreement with a U.S. utility, aiming to enhance sustainability efforts and reduce environmental footprints. Archaea, a prominent RNG producer, focuses on long-term contracts to provide sustainable decarbonizing solutions, leveraging its expertise in RNG development and operation.

UGI Corporation (NYSE:UGI) will release its third fiscal quarter earnings report after market closure on August 3. The company will host a live audio webcast to discuss the results at 9:00 AM ET on August 4. UGI operates energy distribution and marketing, including natural gas, electric utilities, and LPG services in regions like Pennsylvania and internationally in Europe. Investors can access the webcast stream at UGI's official investor relations page.

UGI Corporation has announced the appointment of Michelle Bimson Maggi as the first woman to chair the National Propane Gas Association (NPGA). As Vice President of Law at AmeriGas, she brings extensive experience in legal and risk management. Bimson Maggi aims to enhance NPGA’s advocacy and diversity efforts, emphasizing the importance of the propane industry to the U.S. economy. The industry employs over 57,000 workers and plays a significant role in environmental contributions.

UGI Energy Services LLC (UGIES), a subsidiary of UGI Corporation, has contributed $200,000 to 70 schools through Pennsylvania's Opportunity Scholarship Tax Credit (OSTC) program. This year's spring visit involved meeting with 17 organizations, presenting approximately one-third of the contributions in-person. Since 2014, UGIES has donated over $2 million in scholarships to assist students in low-achieving districts. The company emphasizes its commitment to education and community support, marking its seventh year in the OSTC program.

UGI Energy Services announced a major investment in renewable natural gas (RNG) through an agreement with MBL Bioenergy, funding over $70 million for RNG projects in South Dakota. The first cluster of projects will be located at three farms near Sioux Falls and is expected to produce approximately 300 million cubic feet of RNG annually by 2024. This partnership aims to reduce greenhouse gas emissions and bolster UGI's earnings from RNG projects, as they continue to explore sustainable energy solutions.

UGI Corporation reported its fiscal Q2 2022 results, highlighting GAAP diluted EPS of $4.32 and adjusted diluted EPS of $1.91, compared to $2.33 and $1.99 in Q2 2021. Year-to-date adjusted EPS is $2.84, up from $3.17 year-over-year. The company maintains a strong liquidity position with $1.9 billion available. UGI's Board approved a quarterly dividend increase to $0.36, marking 35 consecutive years of increases. Adjusted EPS guidance for fiscal 2022 was revised to $2.90 - $3.00.

UGI Corporation (NYSE: UGI) has announced a quarterly dividend of $0.36 per share, marking a 4.3% increase. This dividend will be payable on July 1, 2022 to shareholders on record as of June 15, 2022. This increase represents the 35th year of consecutive dividend growth and reflects UGI's strong balance sheet and confidence in cash generation. Over the last decade, UGI’s dividend has achieved a compound annual growth rate of 7.2%, surpassing the company’s 4% commitment to its shareholders.

UGI Corporation (NYSE: UGI) has acquired a 33% stake in Ag-Grid Energy LLC, a renewable energy producer. Ag-Grid operates small-scale renewable projects in Connecticut and Massachusetts, focusing on converting dairy and food waste into renewable energy. Currently, Ag-Grid has four operational projects generating 1,300 kilowatts, with two more projects under construction expected to add 1,500 kilowatts by December 2022. This investment aims to enhance UGI's renewable energy portfolio and supports environmental sustainability efforts.