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Ugi Corp - UGI STOCK NEWS

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.

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UGI (NYSE: UGI) has announced a proposed offering of $600 million in convertible senior notes due in 2028. These notes will be offered privately to qualified institutional buyers. UGI has also granted an option for the initial purchasers to buy an additional $90 million of notes. The notes are senior, unsecured, and will accrue interest semi-annually, maturing on June 1, 2028. They can be converted into cash and, if applicable, shares of UGI common stock under specific conditions. Noteholders can require UGI to repurchase the notes if a 'fundamental change' occurs. The proceeds will be used to refinance existing debt and for general corporate purposes.

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UGI (NYSE: UGI) announced the final unsuccessful remarketing of its 0.125% Series A Cumulative Perpetual Convertible Preferred Stock. The preferred stock has a liquidation preference of $1,000 per share and was originally issued as part of the company's corporate units on May 25, 2021. The company revealed that 2,200,000 corporate units are outstanding, each consisting of one purchase contract and a 10% undivided beneficial interest in one share of convertible preferred stock. Each holder of a corporate unit will receive 2.2973 shares of UGI common stock, with cash paid for any fractional shares. The settlement rate was based on the volume-weighted average price of UGI's common stock over the 20 trading days ending May 30, 2024. The settlement of the purchase contracts is expected around June 3, 2024.

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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.

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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.

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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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UGI (NYSE: UGI) will reveal its second fiscal quarter earnings on May 1, 2024, through a live webcast on May 2, 2024. Interested parties can access the webcast on the company's website.
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UGI Corporation (NYSE: UGI) reported strong financial results for the fiscal quarter ended December 31, 2023, with a Q1 GAAP diluted EPS of $0.44 and adjusted diluted EPS of $1.20. The reportable segments earnings before interest expense and income taxes1 (EBIT) was $425 million, showing a 3.4% increase from the prior-year period. The company also achieved a 77% increase in EBIT from UGI International, due to the continued exit of the non-core energy marketing business, higher LPG volumes, and increased unit margins. UGI Corporation maintained a strong liquidity of approximately $1.5 billion as of December 31, 2023, and received approval for a gas rate case in West Virginia, allowing for a $13.9 million annual distribution rate increase. However, AmeriGas experienced a decline in its year-over-year financial results, prompting the need for renewed focus on execution. The company's strategic priorities include delivering reliable earnings growth, returning cash to shareholders through dividends, achieving sustainable cost savings, and strengthening the balance sheet.
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UGI Corporation (NYSE: UGI) has declared a quarterly dividend of $0.375 per share of the Company’s common stock, payable on April 1, 2024. The Board of Directors also declared a quarterly dividend of 0.125% per annum, payable in cash, on the Company’s convertible preferred stock. UGI has a strong track record of paying common dividends for 139 consecutive years and raising its dividend in each of the last 36 years.
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UGI Corporation (UGI) will release its first fiscal quarter earnings on January 31, 2024, followed by a live internet audio webcast on February 1 at 9:00 AM ET to discuss the results and current activities. Interested parties can listen to the webcast live or in replay on the company's website.
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UGI Corporation (NYSE: UGI) announced the appointment of Mario Longhi as interim CEO, succeeding Roger Perreault. The company is undergoing a strategic review process to unlock shareholder value. Longhi, a former CEO of United States Steel Corporation, will lead the company during the CEO search process and the ongoing strategic review. UGI also reaffirms its fiscal year 2024 guidance of adjusted EPS in the range of $2.70 - $3.00 per diluted share.
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Ugi Corp

NYSE:UGI

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7.12B
214.58M
0.11%
93.74%
6.53%
Utilities - Regulated Gas
Gas & Other Services Combined
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KING OF PRUSSIA