UGI Corp

UGI

Equity

ISIN US9026811052 / Valor 979620

New York Stock Exchange, Inc (2024-12-24)

USD 27.91+1.27%

UGI Corp
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About company

UGI Corporation, a diversified energy provider with a history spanning over 141 years, operates as a holding company with a focus on the distribution and marketing of a wide range of energy products and services. Its operations extend across 18 countries, including a significant presence in the United States and various European nations such as Austria, Belgium, France, and Italy, among others. UGI Corporation serves more than 2.5 million customers and employs approximately 10,000 individuals as of September 30, 2023. The company's business portfolio is segmented into four main areas: Utilities, which accounts for 34% of its operations; Midstream and Marketing, representing 29%; UGI International, comprising 26%; and AmeriGas Propane, which makes up 11%. This diversified business model allows UGI to distribute and market a variety of energy products, including natural gas, liquefied petroleum gas (LPG), electricity, and renewable energy solutions. Notably, UGI Corporation has maintained a consistent record of paying common dividends for more than 137 consecutive years, underscoring its financial stability and commitment to shareholder value.

Summarized from source with an LLMView SourceSector: Energy

Net Income and Earnings

UGI Corp reported a GAAP net income of $269 million and an adjusted net income of $658 million for the fiscal year ended September 30, 2024. This marks a significant improvement from the previous year's GAAP net loss of $(1,502) million and adjusted net income of $613 million. The GAAP diluted earnings per share (EPS) was $1.25, while the adjusted diluted EPS was $3.06, compared to the prior year's GAAP diluted loss per share of $(7.16) and adjusted diluted EPS of $2.84.

Segment Performance

UGI Corp's reportable segments delivered strong earnings before interest expense and income tax (EBIT) of $1,178 million, up from $1,158 million in the previous year. This growth was driven by solid performance across its natural gas businesses, which achieved record EBIT. The company also successfully reduced operating and administrative expenses by $75 million across all segments compared to the prior year.

Capital Deployment

During fiscal 2024, UGI Corp deployed approximately $900 million in capital, with 80% allocated to regulated utilities and the Midstream and Marketing segment. This investment was primarily focused on infrastructure replacement and betterment, enhancing the company's operational capabilities and supporting its long-term growth strategy.

Dividends and Shareholder Returns

UGI Corp continued its long-standing tradition of paying dividends for the 140th consecutive year, achieving a 10-year compound annual growth rate of 6%. This consistent dividend policy underscores the company's commitment to delivering value to its shareholders and maintaining financial stability.

Fiscal 2025 Outlook

Looking ahead, UGI Corp has issued an adjusted EPS guidance range of $2.75 to $3.05 per diluted share for fiscal year 2025. This outlook assumes normal weather conditions and the current tax regime, reflecting the company's confidence in its ability to advance its value creation strategy and drive meaningful improvements in its financial profile.

Summarized from source with an LLMView Source

Key figures

13.9%1Y

-38.7%3Y

-37.2%5Y

Performance

33.1%1Y

31.2%3Y

35.0%5Y

Volatility