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UGI Corporation - UGI STOCK NEWS

Welcome to our dedicated page for UGI Corporation news (Ticker: UGI), a resource for investors and traders seeking the latest updates and insights on UGI Corporation stock.

UGI Corporation (NYSE: UGI) is a diversified energy holding company that, through its subsidiaries, distributes, stores, transports, and markets energy products and related services. The company operates across several sectors, providing a comprehensive range of energy solutions to a broad customer base both domestically and internationally. UGI’s core business segments include AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities.

AmeriGas Propane is the largest retail propane distributor in the United States, catering to millions of residential, commercial, industrial, agricultural, and motor fuel customers. This segment ensures the safe and efficient delivery of propane, enhancing energy accessibility.

UGI International operates in various countries, distributing liquefied petroleum gases (LPG) such as propane and butane through its Antargaz and Flaga brands. This segment is crucial for providing reliable energy solutions to international markets and drives a significant portion of UGI’s revenue.

Midstream & Marketing encompasses the management of midstream assets and energy marketing activities. This includes the transportation, storage, and marketing of natural gas, electricity, and liquid fuels, ensuring a stable and efficient supply chain.

UGI Utilities includes regulated natural gas and electric distribution operations. Serving over 700,000 customers in Pennsylvania and West Virginia, this segment is dedicated to delivering safe, reliable, and affordable energy services to residential, commercial, and industrial users.

Notable Achievements include UGI’s consistent performance as a Fortune 500 company and its commitment to paying common dividends to its investors. The company’s strategic acquisitions and partnerships have continuously expanded its operational footprint and service capabilities.

UGI Corporation is committed to sustainability and innovation. Current projects focus on enhancing energy efficiency, reducing carbon emissions, and exploring renewable energy sources. These initiatives align with global trends towards environmentally friendly energy solutions.

Financially, UGI remains robust, with a balanced growth and income approach. The company's diversified portfolio ensures stability and resilience in the volatile energy market.

In summary, UGI Corporation is a significant player in the energy sector, dedicated to providing diverse energy solutions while emphasizing sustainability and innovation. Investors and stakeholders can rely on UGI’s consistent performance and commitment to growth.

News
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The Board of Directors of UGI Corporation (NYSE: UGI) has announced a quarterly dividend of $0.345 per share, payable on January 1, 2022 to shareholders of record by December 15, 2021. UGI has maintained a strong dividend history, with 137 consecutive years of payments and 34 years of increases. Additionally, a 0.125% per annum cash dividend on the convertible preferred stock (part of Equity Units, NYSE: UGIC) will be paid on December 1, 2021.

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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.

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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.

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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.

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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.

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MBL Bioenergy, a joint venture involving UGI Energy Services, has announced agreements to develop dairy farm digester projects in South Dakota aimed at producing renewable natural gas (RNG). The projects are expected to yield 650 million cubic feet of RNG annually by the end of 2024, representing an investment exceeding $100 million. UGI's subsidiary GHI Energy will exclusively market the RNG. This initiative aligns with UGI's strategy to enhance its position in sustainable energy and contribute to greenhouse gas reduction.

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Cayuga RNG Holdings has announced its second renewable natural gas (RNG) project in upstate New York, following its first initiative at Spruce Haven Farm. Located at Allen Farms, the project will utilize dairy waste as feedstock for an anaerobic digester and is expected to produce 85 million cubic feet of RNG annually. The total commitment to renewable RNG projects now exceeds $100 million. UGI Energy Services, a subsidiary of UGI Corporation (NYSE: UGI), will play a significant role in this project as the exclusive off-taker and marketer of the RNG.

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UGI Corporation has successfully completed the acquisition of Mountaintop Energy Holdings LLC, valued at $540 million, enhancing its utility operations in the mid-Atlantic region. Mountaineer Gas Company, now a wholly-owned subsidiary, serves nearly 215,000 customers across West Virginia. C. David Lokant has been appointed as president. The acquisition allows UGI to invest in the enhancement of natural gas distribution systems, focusing on environmentally responsible energy solutions. This strategic move supports UGI's commitment to reliable earnings growth and portfolio rebalancing.

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UGI Corporation reported Q3 fiscal results with GAAP diluted EPS of $0.71 and adjusted diluted EPS of $0.13, an increase from $0.41 and $0.08 in the prior year. Year-to-date GAAP EPS reached $4.48, up from $2.49.

Key drivers include increased margins at UGI International and new base rates at UGI Utilities. The company anticipates closing the Mountaineer acquisition within this fiscal year. UGI is also advancing its renewables strategy, including projects in renewable natural gas.

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Hamilton RNG Holdings announced definitive agreements for developing innovative food waste digester projects to produce renewable natural gas (RNG) in Ohio and Kentucky. The first project, "Synthica St. Bernard," near Cincinnati, will process 190,000 tons of food waste annually, generating approximately 250,000 MMBTUs of RNG for local pipelines. This initiative aims to reduce waste and greenhouse gas emissions while enhancing renewable energy use. UGI Corporation's subsidiary, GHI Energy, will exclusively market the RNG produced.

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FAQ

What is the current stock price of UGI Corporation (UGI)?

The current stock price of UGI Corporation (UGI) is $28 as of January 6, 2025.

What is the market cap of UGI Corporation (UGI)?

The market cap of UGI Corporation (UGI) is approximately 6.0B.

What does UGI Corporation do?

UGI Corporation distributes, stores, transports, and markets energy products and services through its various business segments.

What are the main business segments of UGI Corporation?

UGI Corporation operates through AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities.

Where does UGI Corporation operate?

UGI Corporation operates both domestically in the United States and internationally through its various subsidiaries and affiliates.

What is AmeriGas Propane?

AmeriGas Propane is the largest retail propane distributor in the U.S., serving residential, commercial, industrial, agricultural, and motor fuel customers.

How does UGI International contribute to UGI Corporation?

UGI International distributes liquefied petroleum gases (LPG) like propane and butane in various international markets, generating significant revenue for the company.

What services are included in UGI's Midstream & Marketing segment?

This segment includes the transportation, storage, and marketing of natural gas, electricity, and liquid fuels, managing midstream assets to ensure efficient energy delivery.

What is UGI Utilities?

UGI Utilities provides regulated natural gas and electric distribution services to over 700,000 customers in Pennsylvania and West Virginia.

What recent achievements has UGI Corporation made?

UGI Corporation continuously performs as a Fortune 500 company and remains committed to paying common dividends. It has also strategically expanded through acquisitions and partnerships.

What sustainability initiatives does UGI Corporation have?

UGI focuses on energy efficiency, reducing carbon emissions, and exploring renewable energy sources as part of its sustainability and innovation efforts.

How does UGI Corporation ensure financial stability?

UGI maintains a balanced growth and income approach, supported by a diversified portfolio that provides stability in the volatile energy market.
UGI Corporation

NYSE:UGI

UGI Rankings

UGI Stock Data

6.01B
214.48M
0.42%
86.65%
3.4%
Utilities - Regulated Gas
Gas & Other Services Combined
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