Record Adjusted Earnings Per Share
UGI delivered record adjusted earnings per share of $3.32, surpassing the revised guidance range of $3 to $3.15.
Significant Free Cash Flow Generation
Approximately $530 million of free cash flow was generated, inclusive of cash from asset sales of selected LPG territories.
AmeriGas EBIT Growth
AmeriGas achieved a 17% EBIT growth due to operational improvements and tax benefits.
Utility Customer Growth
The utility segment added over 11,500 residential heating and commercial customers, increasing the customer base to roughly 967,000.
Successful Portfolio Optimization
UGI achieved approximately $150 million from LPG divestitures, excluding the divestiture of the Austrian business.
Operational Improvements at AmeriGas
Achieved a 30% reduction in recordable incidents and improved routing and delivery processes, resulting in approximately 10% savings in fuel costs.
Strategic Vision and EPS Growth Expectations
Raised long-term EPS growth expectations with a target of 5% to 7% compound annual growth rate.