UGI Corporation - UGI STOCK NEWS

UGI Corporation (NYSE: UGI) has finalized an agreement to acquire Mountaintop Energy Holdings LLC for an enterprise value of $540 million, which includes $140 million in assumed debt. This acquisition enhances UGI's utility footprint, increasing its regulated utility rate base by nearly 14% and customer base by 30%. The deal is expected to be accretive to adjusted earnings per share in the first full year of operations, supporting UGI's long-term growth targets of 6%-10% EPS growth and 4% annual dividend growth.

UGI Corporation (NYSE: UGI) has signed a definitive agreement to acquire Mountaintop Energy Holdings LLC for an enterprise value of $540 million, assuming $140 million in debt. This acquisition enhances UGI's footprint in West Virginia, increasing the regulated utility rate base and customers served by approximately 14% and 30% respectively. It is projected to be accretive to adjusted EPS in the first full year and aligns with UGI's long-term financial goals of 6%-10% annual EPS growth and 4% dividend growth. Closing is subject to regulatory approvals.

UGI Corporation (NYSE:UGI) has joined the coalition Our Nation’s Energy Future (ONE Future), adding to a total of 34 participating companies. Established in 2014, ONE Future aims to reduce methane emissions across member facilities to 1% or less of total natural gas production. UGI’s Executive Vice President, Robert F. Beard, emphasized the company's commitment to greenhouse gas emission reduction, highlighting a focus on responsible growth and environmental stewardship. UGI operates various energy services and utilities in Pennsylvania and internationally.

Labaton Sucharow is investigating UGI Corporation (NYSE: UGI) for potential securities violations linked to its 2019 merger with AmeriGas Partners L.P. UGI's stock saw a significant decline, dropping over 10% to $39.86 per share after the company reported disappointing earnings and weak future guidance three months post-merger. Factors contributing to this downturn included unfavorable weather and pipeline restrictions. Former AmeriGas shareholders are encouraged to contact Labaton Sucharow for more information about their rights.

UGI Corporation has declared a quarterly dividend of $0.33 per share, set to be paid on January 1, 2021 to shareholders of record by December 15, 2020. This marks UGI's commitment to returning value to its investors, showcasing a remarkable track record of paying dividends for 136 consecutive years and increasing them for 33 consecutive years. UGI operates in energy distribution and marketing, with services spanning natural gas, electric utilities, and LPG both domestically and internationally.

UGI Corporation (NYSE:UGI) reported a strong fiscal year 2020, with GAAP net income of $532 million, compared to $256 million in the previous year. Adjusted EPS increased to $2.67 from $2.28. Fourth-quarter results exceeded expectations due to lower-than-anticipated COVID-19 impact. The company raised its capital investment forecast to $430 million for fiscal 2021, with adjusted EPS guidance of $2.65 - $2.95. Key initiatives include a $200 million LPG transformation and investments in renewable energy projects, enhancing both operational efficiency and sustainability.

UGI Corporation (NYSE: UGI) has announced its 2020 Virtual Investor Day scheduled for December 7, 2020, from 1:00 p.m. to 3:00 p.m. EST. Senior management will present the company's strategic plans, operational growth strategies, and financial outlook, focusing on sustainable energy solutions. Interested participants can pre-register via the provided link, and a replay will be available on UGI's corporate website following the event.

UGI Corporation (NYSE: UGI) will announce its fiscal year 2020 earnings on November 18, after market close. Following the earnings report, the company will host a conference call on November 19 at 9:00 AM ET to discuss the results and current activities. Interested parties can listen to the live webcast or replay on their official site or the provided link. The company operates in energy distribution and marketing, managing utilities and LPG distribution both domestically and internationally. Further details are available on their website.

UGI Corporation announced the sale of its 6% stake in the Conemaugh coal-fired power generation station to Montour, LLC. This divestment, which comprises 102 MW, is aimed at reducing UGI's CO2 equivalent emissions by over 30%. The move aligns with UGI's commitment to enhancing its Midstream and Utilities businesses and advancing its Environmental, Social, and Governance (ESG) initiatives. Executive Vice President Robert F. Beard emphasized the company’s goal of significantly lessening its operational environmental impact while providing affordable renewable energy solutions.