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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 Corporation (NYSE: UGI) has announced that its joint venture, Cayuga RNG, will develop its fourth renewable natural gas (RNG) project in Schuyler County, New York. The project, set for completion in the second half of 2024, will produce approximately 150 million cubic feet of RNG annually. This initiative is part of UGI's commitment of nearly $250 million to RNG projects across multiple states. The project aims to provide environmental benefits while supporting local farmers, with GHI Energy as the exclusive marketer for the RNG produced.
Archaea Energy reported strong financial results for Q2 and the first half of 2022, with revenues of $77.2 million and net income of $32.6 million for Q2. For the six months, revenues reached $134.1 million but net income was slightly negative at $0.5 million. The company increased its full-year Adjusted EBITDA guidance to $132.5 million - $147.5 million and capital expenditures to $325 million - $365 million. Recent strategic moves include the acquisition of INGENCO and the formation of a joint venture with Republic Services, aiming to boost their renewable natural gas production.
UGI Corporation (NYSE: UGI) reported Q3 fiscal results, showing a decline in GAAP diluted EPS to $(0.03) and adjusted diluted EPS to $0.06, compared to $0.71 and $0.13 in the prior year. Year-to-date, GAAP diluted EPS is $3.84, down from $4.48. Q3 EBIT rose to $100 million from $98 million. The company announced a $49.45 million gas rate increase pending PA PUC approval. Despite strong customer growth, UGI expects to be at the lower end of its EPS guidance of $2.90 to $3.00 due to economic uncertainties and inflationary pressures.
UGI Corporation (NYSE: UGI) has declared a quarterly dividend of $0.36 per share, payable on October 1, 2022, to shareholders on record as of September 15, 2022. This marks the company's 138th consecutive year of paying dividends and a 35-year streak of annual increases. Additionally, a 0.125% per annum cash dividend on convertible preferred stock is set for September 1, 2022.
UGI operates in energy distribution and marketing, including natural gas and electric utilities, LPG distribution, and energy marketing services.
Archaea Energy Inc. (NYSE: LFG) has signed a five-year RNG purchase and sale agreement with UGI Utilities for 331,785 MMBtu of renewable natural gas (RNG) annually from its Assai RNG facility, effective July 1, 2022. This partnership marks Archaea's second term agreement with a U.S. utility, aiming to enhance sustainability efforts and reduce environmental footprints. Archaea, a prominent RNG producer, focuses on long-term contracts to provide sustainable decarbonizing solutions, leveraging its expertise in RNG development and operation.
UGI Corporation (NYSE:UGI) will release its third fiscal quarter earnings report after market closure on August 3. The company will host a live audio webcast to discuss the results at 9:00 AM ET on August 4. UGI operates energy distribution and marketing, including natural gas, electric utilities, and LPG services in regions like Pennsylvania and internationally in Europe. Investors can access the webcast stream at UGI's official investor relations page.
UGI Corporation has announced the appointment of Michelle Bimson Maggi as the first woman to chair the National Propane Gas Association (NPGA). As Vice President of Law at AmeriGas, she brings extensive experience in legal and risk management. Bimson Maggi aims to enhance NPGA’s advocacy and diversity efforts, emphasizing the importance of the propane industry to the U.S. economy. The industry employs over 57,000 workers and plays a significant role in environmental contributions.
UGI Energy Services LLC (UGIES), a subsidiary of UGI Corporation, has contributed $200,000 to 70 schools through Pennsylvania's Opportunity Scholarship Tax Credit (OSTC) program. This year's spring visit involved meeting with 17 organizations, presenting approximately one-third of the contributions in-person. Since 2014, UGIES has donated over $2 million in scholarships to assist students in low-achieving districts. The company emphasizes its commitment to education and community support, marking its seventh year in the OSTC program.
UGI Energy Services announced a major investment in renewable natural gas (RNG) through an agreement with MBL Bioenergy, funding over $70 million for RNG projects in South Dakota. The first cluster of projects will be located at three farms near Sioux Falls and is expected to produce approximately 300 million cubic feet of RNG annually by 2024. This partnership aims to reduce greenhouse gas emissions and bolster UGI's earnings from RNG projects, as they continue to explore sustainable energy solutions.
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