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 (NYSE: UGI) delivers essential energy solutions through propane distribution, natural gas utilities, and midstream operations. This news hub provides investors and industry stakeholders with centralized access to official updates and market developments.
Track critical announcements including quarterly earnings, infrastructure investments, regulatory filings, and partnership agreements. Our curated feed combines press releases with verified third-party analysis for complete perspective on UGI's operational and financial trajectory.
Key coverage areas include energy commodity pricing impacts, international propane market trends, utility rate case decisions, and sustainability initiatives. Bookmark this page for real-time updates on one of North America's most diversified energy distributors.
UGI Corporation announced that its subsidiary, UGI Energy Services, has agreed to acquire Stonehenge Appalachia for approximately $190 million. This acquisition is expected to enhance UGI's presence in the Appalachian Basin and is projected to be immediately accretive to adjusted earnings. The Stonehenge system comprises over 47 miles of pipeline and has a gathering capacity of 130 million cubic feet per day. The deal, subject to regulatory approval, is anticipated to close by January 31, 2022.
UGI Corporation (NYSE: UGI) and SHV Energy have received approval from the European Commission to establish a joint venture aimed at advancing the production and utilization of renewable dimethyl ether (rDME). This important development allows them to operate the joint venture starting in early 2022. The partners plan to develop up to six production plants over five years, targeting a total capacity of 300,000 tons of rDME annually by 2027, with an estimated investment of up to $1 billion. This venture positions UGI to enhance its market presence in the renewable energy sector.
UGI Corporation, through its subsidiary UGI International, has priced an offering of €400,000,000 in senior unsecured notes with a 2.50% interest rate due in 2029. The offering is aimed at qualified institutional buyers, and the proceeds will be used to redeem existing notes due 2025, cover related expenses, and support corporate purposes. The closing of the offering is anticipated on or about December 7, 2021. The notes will not be registered under the Securities Act, meaning they cannot be offered or sold in the U.S. without registration or an exemption.
UGI Corporation announced that its subsidiary, UGI International, intends to offer €400 million in senior unsecured notes to qualified institutional buyers. The notes will be fully guaranteed by certain subsidiaries and will not be guaranteed by UGI itself. The proceeds will be used primarily to redeem existing senior unsecured notes due in 2025, alongside covering offering expenses and general corporate purposes. The offering is subject to market conditions and the notes will not be registered under the Securities Act, limiting their sale in the U.S.
UGI Corporation (NYSE: UGI) reported record financial results for the fiscal year ended September 30, 2021. GAAP net income reached $1.467 billion, while adjusted net income stood at $629 million. GAAP diluted EPS was $6.92, and adjusted diluted EPS was $2.96. The company completed the acquisition of Mountaineer Gas Company, enhancing its service area significantly. For fiscal 2022, UGI forecasts adjusted diluted EPS in the range of $3.05 to $3.25, indicating a commitment to 6-10% long-term EPS growth.
The Board of Directors of UGI Corporation (NYSE: UGI) has announced a quarterly dividend of
UGI Corporation (NYSE: UGI) will hold a virtual investor day on December 2, 2021, from 10:00 a.m. to 12:00 p.m. ET. CEO Roger Perreault and the executive team will present the company’s strategic plan, growth drivers, and financial objectives. Participants can pre-register here. A replay will be available on UGI’s corporate site post-event. The investor day will include webcast and dial-in options for attendees.
Cayuga RNG, a joint venture of UGI Energy Services and Global Common Energy, plans to develop its third renewable natural gas project at El-Vi Farms in upstate New York. This project follows the Spruce Haven and Allen Farms projects and represents nearly $50 million in investments within the renewable energy sector. Once operational in early 2023, the facility is anticipated to generate 55 million cubic feet of RNG annually for local pipelines. UGIES’ subsidiary, GHI Energy, will handle marketing for Cayuga RNG.
UGI Utilities has received regulatory approval from the Pennsylvania Public Utility Commission for a five-year pilot program to purchase renewable natural gas (RNG). This initiative is the first of its kind in Pennsylvania, aimed at integrating RNG into UGI's supply portfolio while reducing costs for customers. The program, which received unanimous support from PA PUC Commissioners, will leverage economic incentives to mitigate the expenses associated with RNG procurement. UGI has also established an interconnect agreement with Archaea Energy, which will enable the delivery of up to 16,000 mcf of RNG daily, making it the largest RNG supply point in the U.S.
UGI Corporation (NYSE:UGI) will announce its fourth fiscal quarter earnings after market close on November 18. A live audio webcast of the conference call is scheduled for 9:00 AM ET on November 19, where the company will discuss its results and current activities. The audio webcast will be available live and for replay on the company's website. A telephonic replay can also be accessed from 12:00 PM ET on November 19 to 11:59 PM ET on November 26.
