UGI Corporation - UGI STOCK NEWS

Synthica Energy has commenced the permitting phase for a new anaerobic digestion facility in Lebanon Junction, Kentucky, aiming to convert bourbon distillery byproducts into Renewable Natural Gas (RNG). The facility will occupy 40 acres and process approximately 200,000 tons of food waste annually, utilizing the 'Urban Friendly Digestion' technology. Completion is projected for late 2024. The facility is poised to become one of the largest anaerobic digesters in the U.S. and supports the growing demand for RNG, which is expected to increase significantly in the next two decades.

UGI Corporation will announce its second fiscal quarter earnings on May 4, with a live webcast scheduled for 9:00 AM ET on May 5. Interested parties can access the webcast via this link. A telephonic replay will be available from 12:00 PM ET on May 5 to 11:59 PM ET on May 12, accessible at 855-859-2056. UGI provides energy products and services, including natural gas and electric utilities in Pennsylvania and West Virginia, and operates both domestically and internationally.

Global Clean Energy Holdings (GCEH) has partnered with UGI Corporation's AmeriGas to purchase and distribute renewable LPG produced at GCEH's upcoming Bakersfield biorefinery. Set to process up to 15,000 barrels of renewable feedstock per day, the facility aims to produce around 13 million gallons of renewable LPG in its first year, making it the largest of its kind in the U.S. The multi-year agreement will see AmeriGas serve as the exclusive buyer, highlighting GCEH's commitment to advancing renewable fuel markets in California.

UGI Corporation (NYSE: UGI) announced that its subsidiary, AmeriGas, has signed a multi-year agreement with Global Clean Energy Holdings (OTCQX: GCEH) to purchase and distribute renewable LPG. This partnership will utilize GCEH’s Bakersfield biorefinery, which aims to produce approximately 13 million gallons of renewable LPG annually, making it the largest of its kind in the U.S. AmeriGas will exclusively buy renewable LPG from GCEH, tapping into the growing demand for sustainable fuel solutions in California.

Pennant Midstream has signed agreements with Energy Developments Pty Ltd to deliver renewable natural gas (RNG) from the Carbon Limestone Landfill in Youngstown, OH, into its gathering system. The project, expected to be operational in early 2023, will transport up to 6,500 Mcf of RNG daily. This initiative aims to reduce CO₂ emissions by about 127,500 metric tons per year, equivalent to the emissions from over 27,700 vehicles. UGI Energy Services will oversee construction of an interconnecting pipeline, showcasing its commitment to renewable energy.

UGI Corporation (NYSE: UGI) reported Q1 2022 results, showing a GAAP diluted EPS of $(0.46) and an adjusted EPS of $0.93, down from $1.44 and $1.18 respectively in Q1 2021. Results were affected by record warm December weather and high commodity price volatility, impacting LPG and energy marketing margins. Strategic investments in natural gas partially offset these challenges. Notable developments include a regulatory approval for a joint venture with SHV Energy, a partnership with Vertimass for renewable fuels, and an acquisition of Stonehenge.

UGI Corporation (NYSE: UGI) has declared a quarterly dividend of $0.345 per share, payable on April 1, 2022, to shareholders of record as of March 15, 2022. This marks the 137th consecutive year of dividend payments, with increases for the last 34 years. Additionally, a quarterly dividend of 0.125% per annum will be paid on convertible preferred stock on March 1, 2022. UGI distributes energy products and services across several states and internationally, showcasing its stability and commitment to shareholder returns.

Stonehenge Energy Resources II has completed the sale of Stonehenge Appalachia, a midstream natural gas gathering system, to UGI Energy Services for $190 million. Located in Butler County, Pennsylvania, the system includes over 47 miles of pipeline and compression assets. This transaction marks the second collaboration between Stonehenge and UGI in under a year, reinforcing their partnership in the Appalachian Basin. Stonehenge continues its growth strategy with existing operations in the region and aims to capitalize on future opportunities.