UGI Corp (UGI)
NYSE:UGI
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated meaningful progress on strategic priorities, with notable balance-sheet strengthening (net leverage 3.7x), strong liquidity (~$2.1B), robust free cash flow generation at UGI International (> $800M over 3 years), operational improvements at AmeriGas (safety, customer metrics, reshored call center) and promising growth initiatives (Prime Data Centers partnership, Auburn expansion). Offsetting these positives were short-term earnings headwinds: adjusted EPS declines (Q2 and YTD), a downward guidance revision driven mainly by midstream timing issues and higher interest expense, and volume pressure from warmer weather and some divestitures. On balance the company appears to be in a stronger financial and operational position with manageable near-term challenges.Company Guidance
Balance Sheet Strength and Liquidity
Net leverage at UGI Corporation was 3.7x at quarter end, below the targeted <=3.75x level and the lowest in 5 years; available liquidity was approximately $2.1 billion, an increase of about $200 million year-over-year.
UGI International Financial Performance and Cash Generation
UGI International reported a return on capital employed of ~15% and has generated more than $800 million in free cash flow over the past 3 years; net leverage for the segment remains consistently below 2x and liquidity was approximately $900 million.
Capital Rebalancing to Improve Cost of Capital
UGI International will pay a one-time special dividend of $300 million to UGI Corporation, which will be contributed to AmeriGas to retire indebtedness (including ~$150 million of intercompany loans) to materially reduce consolidated borrowing costs and accelerate deleveraging at AmeriGas.
Utilities Operational and Rate-Base Progress
Utilities deployed approximately $280 million of capital year-to-date, added more than 6,000 new heating customers, and delivered utilities EBIT of $250 million (up $9 million year-over-year); total margin increased $23 million primarily from higher Pennsylvania gas base rates.
Customer Bill Stability via Weather Normalization
Weather normalization riders in Pennsylvania and West Virginia mitigated approximately $19 million of weather impact this quarter and customers saved about $26 million on heating bills this past winter.
AmeriGas Operational Transformation
AmeriGas reported substantial operational improvements: recordable incident and lost time injury rates reduced by roughly 50% over two years, customer service call volumes down 32%, Net Promoter Score up 67%, route optimization implemented, call center reshored to U.S. with >250 agents, and a 9% improvement in EBIT over the 2-year period.
Strategic Growth Opportunities — Data Centers and Auburn Pipeline
Announced a strategic partnership with Prime Data Centers with expected natural gas demand from Prime to exceed 100,000 dekatherms/day within 3–5 years; oversubscribed open season for the Auburn pipeline expansion (pending FERC) with expected capital investment of ~$25–30 million.
Credit and Rating Momentum at AmeriGas
AmeriGas net leverage declined to 4.7x (lowest in 5 years) and Fitch revised AmeriGas outlook from negative to stable (building on a prior Moody's positive outlook), validating operational and financial improvements.
UGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
UGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $35.07 | $32.32 | -7.84% |
Feb 04, 2026 | $39.98 | $37.45 | -6.34% |
Nov 20, 2025 | $34.43 | $36.86 | +7.06% |
Aug 07, 2025 | $34.38 | $34.04 | -0.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does UGI Corp (UGI) report earnings?
UGI Corp (UGI) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is UGI Corp (UGI) earnings time?
UGI Corp (UGI) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UGI EPS forecast?
UGI EPS forecast for the fiscal quarter 2026 (Q3) is -0.11.