UGI Q2 2023 Earnings Report

Reported second quarter results impacted by warm weather and severe weather events, but natural gas businesses delivered solid results due to weather normalization rider and fee-based contract structures.

Key Takeaways

UGI Corporation reported Q2 GAAP diluted EPS of $0.51 and adjusted diluted EPS of $1.68, compared to the prior-year period. The results were impacted by warm weather across all reportable segments and severe weather events. The company updated its fiscal 2023 adjusted diluted EPS guidance to a range of $2.75 - $2.90.

Q2 GAAP diluted EPS of $0.51 and adjusted diluted EPS of $1.68 compared to GAAP diluted EPS of $4.32 and adjusted diluted EPS of $1.91 in the prior-year period.

Q2 reportable segments EBIT of $576 million compared to $631 million in the prior-year period.

Available liquidity of approximately $1.9 billion as of March 31, 2023.

Updated fiscal 2023 adjusted diluted EPS guidance to a range of $2.75 - $2.90 per share.

Total Revenue

$3.11B

Previous year: $3.47B