UGI Corporation reported strong financial results for the fiscal quarter ending December 31, 2024. Key highlights include a GAAP diluted EPS of $1.74 and adjusted diluted EPS of $1.37, up 14% from the prior year. Reportable segments' EBIT was $420 million, slightly down from $425 million in the prior year. The company maintained $1.5 billion in liquidity and filed for a $110 million rate increase for UGI Utilities. AmeriGas also announced plans to redeem its 2025 Senior Notes using an intercompany loan.
Operationally, UGI benefited from strong natural gas demand, higher rates in West Virginia, and reduced expenses in its Global LPG business. The company is focusing on improving AmeriGas Propane's processes and service quality. CEO Bob Flexon highlighted disciplined execution, operational improvements, and strategic priorities like capital allocation and portfolio optimization to drive growth and shareholder value. UGI's Q1 performance and strategic initiatives position it for sustained success.
2025-02-06
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