UGI Corporation: Championing Sustainable Energy and Financial Resilience with Strong Shareholder Returns

UGI Corporation's Commitment to Sustainable Energy Solutions and Financial Resilience

UGI Corporation, a prominent energy distributor and marketer based in Valley Forge, Pennsylvania, continues to demonstrate its commitment to providing safe, reliable, and sustainable energy solutions. The company operates across various segments, including natural gas transmission and distribution, electric generation, midstream services, and propane distribution. UGI’s diverse offerings enable it to meet the evolving energy needs of customers in both the United States and Europe, ensuring access to essential resources while promoting affordability and sustainability. The recent announcement of a quarterly dividend of $0.375 per share, payable on January 1, 2025, underscores UGI's dedication to returning value to its shareholders, reinforcing its strong position in the energy sector.

In the fiscal year ending September 30, 2024, UGI reports significant financial recovery, achieving a GAAP net income of $269 million and an adjusted net income of $658 million. This marks a dramatic turnaround from the previous year’s substantial GAAP net loss of $(1,502) million. The company also sees improved earnings per share, with a GAAP diluted EPS of $1.25 and an adjusted diluted EPS of $3.06. These results reflect UGI's strategic focus on operational excellence and cost efficiency, illustrated by a $75 million reduction in operating and administrative expenses across all segments. The company’s commitment to infrastructure improvement is evident, as approximately 80% of the nearly $900 million capital deployed is directed towards regulated utilities.

UGI’s Board Chair, Mario Longhi, emphasizes the company’s strategic execution, spotlighting record earnings before interest expense and income tax (EBIT) from natural gas operations. President and CEO Robert Flexon views fiscal 2025 as pivotal for resetting the business and advancing UGI’s long-term value creation strategy. The company maintains a strong dividend history, proudly celebrating 140 consecutive years of payments, which showcases its resilience and commitment to shareholder returns. UGI's guidance for adjusted diluted EPS for fiscal 2025 is set between $2.75 and $3.05, reflecting a focus on sustainable growth and operational excellence.

In addition to its financial achievements, UGI Corporation remains focused on enhancing its energy solutions portfolio. The company’s commitment to renewable natural gas generation aligns with the growing demand for sustainable energy alternatives, further positioning UGI as a leader in the energy industry. UGI will host a live audio webcast on November 22, 2024, to discuss its recent earnings and ongoing initiatives, ensuring transparency and engagement with its stakeholders as it navigates the evolving energy landscape. Interested parties can learn more about UGI and its services at https://www.ugicorp.com.