UGI Corp ( (UGI) ) has released its Q4 earnings. Here is a breakdown of the information UGI Corp presented to its investors.
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UGI Corporation, a major distributor and marketer of energy products and services in the US and Europe, has reported robust financial results for the fiscal year 2024, showcasing significant growth in several key metrics.
The company highlighted a GAAP net income of $269 million, with adjusted net income climbing to $658 million from the previous year’s $613 million. This improvement reflects strong performance across its business segments despite challenging weather conditions and other market factors.
UGI’s fiscal 2024 results were marked by a notable reduction in operating and administrative expenses by $75 million, and a strategic capital deployment of approximately $900 million, primarily directed towards regulated utilities and midstream and marketing segments. The company’s solid execution of its strategy resulted in record earnings before interest expense and income tax (EBIT) from its natural gas businesses, amounting to $1,178 million, a slight increase from the previous year.
Looking ahead, UGI Corporation is optimistic about fiscal 2025, issuing guidance for adjusted diluted earnings per share in the range of $2.75 to $3.05. The company aims to build on its current momentum and leverage its asset base to enhance its financial profile, driven by a focus on operational excellence and sustainable growth.
