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 (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.
UGI Corporation (NYSE: UGI) will announce its first fiscal quarter earnings on February 3 after market close. A conference call will follow at 9:00 AM ET on February 4, accessible via live audio webcast. UGI is an energy distributor and marketer with operations in natural gas, electric utilities, and LPG distribution across several states and internationally. The company also engages in renewable energy marketing.
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.
