UGI Corp ( (UGI) ) has released its Q3 earnings. Here is a breakdown of the information UGI Corp presented to its investors.
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UGI Corporation is a distributor and marketer of energy products and services in the US and Europe, providing natural gas, electric generation, propane distribution, and renewable energy solutions. In its latest earnings report, UGI Corporation announced a GAAP diluted EPS of $(0.76) and an adjusted diluted EPS of $(0.01) for the third quarter, reflecting a decline from the previous year. However, year-to-date results showed improvement with a GAAP diluted EPS of $3.16 and adjusted EPS of $3.55. The company executed strategic asset sales in its Global LPG businesses, generating approximately $150 million, and expects to reach the top end of its fiscal 2025 adjusted EPS guidance range. Key financial metrics revealed mixed performance across segments. Utilities saw a 12% revenue increase, but operating income decreased by 22% due to higher expenses. Midstream & Marketing revenues rose by 10%, though operating income fell by 34% due to lower margins and increased expenses. UGI International experienced a 4% revenue decline, with operating income dropping by 25% due to lower retail volumes and margins. AmeriGas Propane’s revenues decreased by 2%, maintaining a consistent operating loss compared to the prior year. Looking ahead, UGI Corporation remains focused on enhancing operational excellence and financial flexibility, with management optimistic about achieving sustainable growth and value creation for shareholders.