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.
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.
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.
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