UGI (UGI) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 46.67%. A quarter ago, it was expected that this natural gas and electric utilities operator. Would post a loss of $0.05 per share when it actually produced earnings of $0.06, delivering a surprise of 220%. Over the last four quar ...

Core Viewpoint - UGI Corporation is highlighted as an attractive investment for income investors due to its high dividend yield, low valuation, and potential for share price growth [2][11]. Company Overview - UGI Corporation is a utility company involved in natural gas transmission and distribution, electricity generation and distribution, and propane distribution, with a history dating back to 1882 [3]. Dividend and Valuation - UGI offers a forward dividend yield of 6.42% and has a long history of paying dividends for 139 consecutive years, increasing them for 36 consecutive years [4]. - The stock is valued at 7.4 times forward earnings, with a price-to-sales ratio of 0.68 and a price-to-book ratio of 1.07, indicating it is attractively priced compared to peers [4][5]. Market Performance - UGI's share price has decreased by approximately 5% year-to-date, while the Utilities Select SPDR ETF has increased by nearly 22% in 2024 [6]. - Despite this underperformance, analysts project a 12-month price target reflecting a 32% upside potential for UGI [6][8]. Analyst Sentiment - Among five analysts surveyed, only one rated UGI as a strong buy, while three recommended holding and one suggested it as an underperformer [7]. - The lowest 12-month price target among analysts is still 16% higher than the current share price, indicating a general expectation of price appreciation [8]. Investment Suitability - UGI may not appeal to growth investors due to its business model, but it is considered attractive for value investors due to its low valuation [9][10]. - Income investors are likely to find UGI appealing due to its secure ultra-high dividend yield and strong track record of dividend payments [11].

This utility stock checks off several boxes. I viewed utilities as boring investments for much of my life. The closer I get to retirement, though, the more I realize the truth of the statement, "Boring is beautiful." My portfolio now includes several utility stocks. And I recently added another: UGI Corporation (UGI 1.77%). Why did I buy shares of UGI? Three key reasons rank at the top of the list. 1. A resilient business The last thing I want to invest in these days is a company that could go under because ...

UGI Corporation's (UGI) strategic investment plans will help upgrade and replace its aging infrastructure, thereby boosting customer reliability and performance. Given its growth opportunities and strong return on equity (ROE), UGI makes for a solid investment option in the Zacks Utility sector. Let's focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment. UGI's Growth Projections & Surprise History The Zacks Consensus Estimate for UGI's fiscal 2024 earnings p ...

A month has gone by since the last earnings report for UGI (UGI) . Shares have added about 4.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is UGI due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. UGI Q3 Earnings Surpass Estimates, Revenues Decline Y/Y UGI Corpora ...

Shares of UGI (UGI) have gained 4.7% over the past four weeks to close the last trading session at $24.52, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $30.67 indicates a potential upside of 25.1%. The average comprises three short-term price targets ranging from a low of $27 to a high of $38, with a standard deviation of $6.35. While the lowest estimate indicates an increase ...

Shares of UGI (UGI) have gained 0.1% over the past four weeks to close the last trading session at $23.45, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $30.67 indicates a potential upside of 30.8%. The average comprises three short-term price targets ranging from a low of $27 to a high of $38, with a standard deviation of $6.35. While the lowest estimate indicates an increase ...

Financial Data and Key Metrics Changes - UGI reported adjusted earnings per share (EPS) of $0.06 for Q3 2024, compared to $0.00 in the prior year [4] - Year-to-date adjusted diluted EPS reached $3.22, marking a 23% increase in adjusted EPS for natural gas businesses and a 43% increase for UGI International [6][7] - The company achieved available liquidity of $1.9 billion at the end of the quarter [4] Business Line Data and Key Metrics Changes - The Utility segment's EBIT increased by $5 million to $39 million, driven by higher gas and electric base rates [11] - Midstream & Marketing reported EBIT of $43 million, a $2 million increase year-over-year [12] - UGI International's EBIT rose by $35 million to $57 million, attributed to higher LPG unit margins and reduced operating expenses [12] - AmeriGas experienced a $19 million decline in EBIT due to lower total margin, with retail volumes down 13% [13] Market Data and Key Metrics Changes - The Utility segment added approximately 10,000 residential heating and commercial customers year-to-date [8] - UGI International's LPG volumes declined by 4% compared to the prior year, primarily due to warmer weather [12] Company Strategy and Development Direction - UGI is focused on driving sustainable cost savings and optimizing its portfolio, including divesting non-core assets [5][19] - The company aims to stabilize and optimize AmeriGas, targeting $70 million to $100 million in permanent cost savings by the end of fiscal 2025 [7] - UGI continues to prioritize investments in its natural gas businesses, with 77% of year-to-date capital expenditures allocated to regulated utilities [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving fiscal 2024 adjusted EPS guidance of $2.70 to $3 [7] - The company anticipates a material impact from repairs to a supply terminal in France, forecasting a $0.01 to $0.02 EPS impact for the fiscal year [15] - Management emphasized ongoing efforts to strengthen the balance sheet and reduce absolute debt by approximately $300 million since the beginning of fiscal 2023 [17][29] Other Important Information - UGI completed several key financing activities, including issuing $700 million in convertible senior notes and repurchasing $475 million of senior notes [16][17] - Bob Beard, COO, announced his retirement at the end of the calendar year, with plans for a seamless transition [18] Q&A Session Summary Question: Impact of dock damage in France on EPS and supply margins - Management confirmed that insurance will cover capital required for repairs, and alternative logistics plans are in place to mitigate customer impact [20] Question: Update on AmeriGas initiatives and investment approach - Management stated that the removal of the EBITDA covenant allows for better focus on stability and efficiency improvements within AmeriGas [21][22] Question: Prospects for additional asset sales - Management indicated ongoing portfolio analysis to identify value-adding opportunities, with more updates expected [23] Question: Declines in CapEx across businesses - Management explained that the reduction in CapEx is part of a strategy to stabilize AmeriGas and focus on essential maintenance capital [24][25] Question: Future leverage metrics for UGI Corp and AmeriGas - Management aims to decrease leverage metrics, with significant progress noted in reducing absolute debt [28][29]

1 | --- | --- | --- | --- | --- | --- | |-------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | Third Quarter Fiscal 2024 Results Ma r i o L o n g h i Interim President and CEO, UGI Corporation S e a n O ' B r i e n Chief Financial Officer, UGI Corporation | | | | | | | Ro b e r t F. B e a rd Chief Operations Officer, UGI Corporation | | | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-11071 UGI CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 23-2668356 (Stat ...