AmeriGas TurnaroundThere is skepticism regarding AmeriGas' turnaround after years of decline, although management remains optimistic.
Operational ConstraintsOperational constraints at AmeriGas and Midstream have somewhat limited the ability to fully capitalize on the increased demand from colder weather.
Regulatory And International ChallengesChallenges include operational fixes at AmeriGas still being a work-in-progress, a difficult comp year for Midstream & Marketing, potential regulatory lag at UGI Utilities, and impacts at UGI International related to damages at its LPG supply terminal in France.