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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 (NYSE: UGI) announced the final remarketing period for its 0.125% Series A Cumulative Perpetual Convertible Preferred Stock. The period starts on May 23, 2024, and ends on May 30, 2024. The Convertible Preferred Stock has a liquidation preference of $1,000 per share. The Company issued this stock as part of its equity units in May 2021. There is no guarantee of successful remarketing during this period.
UGI (NYSE: UGI) has announced a quarterly dividend of $0.375 per share for common stock shareholders, payable on July 1, 2024. The company has a history of paying dividends for 140 consecutive years.
UGI reported strong financial results for the fiscal quarter ended March 31, 2024, with GAAP diluted EPS of $2.30 and adjusted diluted EPS of $1.97. The Board concluded the strategic review of its LPG businesses, focusing on AmeriGas Propane, and decided to retain ownership. The company aims for a long-term EPS growth rate of 4-6% and affirmed its commitment to return value to shareholders through dividend payments. UGI reaffirmed its fiscal 2024 adjusted diluted EPS guidance range of $2.70 - $3.00 per share.
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