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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.
UGI Corporation (NYSE: UGI) has declared a quarterly dividend of $0.345 per share, marking a 4.5% increase. This dividend is payable on July 1, 2021 to shareholders on record as of June 15, 2021. This announcement highlights UGI's 34th consecutive year of increasing dividends and its robust financial performance, boasting a 7.8% compound annual growth rate over the past five years. UGI has maintained a consistent dividend payment for 137 years and continues to demonstrate confidence in its earnings growth and cash flow.
Cayuga RNG Holdings has announced agreements to develop dairy farm digester projects for renewable natural gas (RNG) in upstate New York. The first project at Spruce Haven Farm aims to produce 50 million cubic feet of RNG annually from dairy waste, utilizing an existing biogas digester. Completion is targeted for the second half of 2022. Cayuga RNG is also exploring additional projects in the region. This initiative supports UGI's sustainability goals and greenhouse gas reduction strategies while financially benefiting local dairy farms by monetizing waste.
UGI Corporation (NYSE: UGI) announces the retirement of John L. Walsh as President and CEO effective June 25, 2021. Walsh, CEO since 2013, will remain on the Board of Directors. Roger Perreault, previously Executive VP of Global LPG and President of UGI International, will succeed him. Walsh's tenure saw significant growth through key acquisitions like Totalgaz France and AmeriGas, and advancements in environmental initiatives. The transition aims to continue UGI's focus on renewable energy and operational excellence.
UGI Corporation (NYSE:UGI) is set to announce its second fiscal quarter earnings on May 5, after market close. A live webcast for the conference call will occur on May 6 at 9:00 AM ET, where company results and activities will be discussed. Interested parties can access the live audio and replay on the UGI investor page. The company's operations include natural gas and electric utilities, LPG distribution, and energy marketing across multiple states and internationally in Europe.
UGI Corporation (NYSE:UGI) has joined the Natural Gas Supply Collaborative (NGSC), increasing its membership to 17 companies. The NGSC includes utilities and power generators dedicated to promoting safe natural gas supply practices, collectively serving over 60 million households. UGI aims to enhance its Environmental, Social and Governance (ESG) initiatives, focusing on reducing methane and greenhouse gas emissions. The company operates natural gas and electric utilities in Pennsylvania and distributes LPG both domestically and internationally.
UGI Utilities has signed a groundbreaking agreement with Archaea Energy to integrate renewable natural gas (RNG) from the Keystone Landfill into its distribution system. This marks UGI's first RNG supply interconnect agreement. Set to become operational in September 2021, the system will handle up to 16,000 mcf of RNG daily, making it the largest RNG supply point in the U.S. The initiative aims to reduce CO2 emissions by approximately 314,000 metric tons annually, equivalent to the emissions of over 67,000 vehicles.
Pine Run Gathering LLC has acquired Pine Run Midstream, LLC from an affiliate of PennEnergy for $205 million. This transaction will be financed with equity from Stonehenge Energy Resources and UGIES. Pine Run Midstream operates a 43-mile dry gas gathering pipeline in Pennsylvania, which has been operational since 2014. The acquisition is expected to be immediately accretive to earnings and aligns with UGIES's strategy of expanding its natural gas portfolio in the Appalachian basin.
UGI Corporation (NYSE: UGI) reported strong fiscal Q1 results ending December 31, 2020, with GAAP diluted EPS at $1.44 and adjusted diluted EPS at $1.18, compared to $1.00 and $1.17 respectively last year. Earnings before interest expense and income taxes (EBIT) totaled $414 million, slightly down from $419 million. Factors such as increased margins at UGI International and disciplined expense management countered the effects of warmer weather and COVID-19. The company is focusing on renewable energy projects and has signed an agreement to acquire Mountaineer Gas Company.
UGI Corporation has declared a quarterly dividend of $0.33 per share, payable on April 1, 2021, to shareholders on record as of March 15, 2021. This marks UGI's commitment to returning value to shareholders, as it has consistently paid dividends for 136 consecutive years and increased its dividend for the last 33 years.
UGI is involved in the distribution and marketing of energy products and services, operating natural gas and electric utilities primarily in Pennsylvania.
UGI International, a subsidiary of UGI Corporation (NYSE:UGI), has formed a supply and development partnership with Ekobenz, a Polish company specializing in bioethanol conversion to bioLPG. This exclusive agreement grants UGI rights to supply bioLPG, a renewable product made from industrial waste, enhancing its sustainable fuel portfolio. UGI aims to decarbonize operations in line with the Paris Agreement and is poised to receive the first shipment of bioLPG from Ekobenz's facility in Poland in spring 2023, marking a significant advancement in sustainable fuel production in Europe.
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