Ugi Corp - UGI STOCK NEWS

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.

UGI Corporation reported its fiscal Q2 2022 results, highlighting GAAP diluted EPS of $4.32 and adjusted diluted EPS of $1.91, compared to $2.33 and $1.99 in Q2 2021. Year-to-date adjusted EPS is $2.84, up from $3.17 year-over-year. The company maintains a strong liquidity position with $1.9 billion available. UGI's Board approved a quarterly dividend increase to $0.36, marking 35 consecutive years of increases. Adjusted EPS guidance for fiscal 2022 was revised to $2.90 - $3.00.

UGI Corporation (NYSE: UGI) has announced a quarterly dividend of $0.36 per share, marking a 4.3% increase. This dividend will be payable on July 1, 2022 to shareholders on record as of June 15, 2022. This increase represents the 35th year of consecutive dividend growth and reflects UGI's strong balance sheet and confidence in cash generation. Over the last decade, UGI’s dividend has achieved a compound annual growth rate of 7.2%, surpassing the company’s 4% commitment to its shareholders.

UGI Corporation (NYSE: UGI) has acquired a 33% stake in Ag-Grid Energy LLC, a renewable energy producer. Ag-Grid operates small-scale renewable projects in Connecticut and Massachusetts, focusing on converting dairy and food waste into renewable energy. Currently, Ag-Grid has four operational projects generating 1,300 kilowatts, with two more projects under construction expected to add 1,500 kilowatts by December 2022. This investment aims to enhance UGI's renewable energy portfolio and supports environmental sustainability efforts.

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.