Mar 31, 2024

UGI Q2 2024 Earnings Report

UGI reported strong fiscal second quarter performance, driven by natural gas businesses and effective cost control.

Key Takeaways

UGI Corporation reported a strong fiscal second quarter, with GAAP diluted EPS of $2.30 and adjusted diluted EPS of $1.97, compared to the prior-year period. The company's natural gas businesses delivered the highest second quarter earnings, reporting a 32% growth over the prior year. The Board has decided to retain ownership of AmeriGas Propane.

Q2 GAAP diluted EPS of $2.30 and adjusted diluted EPS of $1.97, compared to the prior-year period.

Natural gas businesses delivered the highest second quarter earnings, reporting a 32% growth over the prior year.

The Board has decided to retain ownership of AmeriGas Propane.

UGI affirms its fiscal 2024 adjusted diluted EPS guidance range of $2.70 - $3.00 per share.

Total Revenue
$2.47B
Previous year: $3.11B
-20.6%
EPS
$1.97
Previous year: $1.68
+17.3%
Gross Profit
$1.27B
Previous year: $958M
+33.0%
Cash and Equivalents
$263M
Previous year: $321M
-18.1%
Free Cash Flow
$353M
Previous year: $460M
-23.3%
Total Assets
$15.6B
Previous year: $16.4B
-4.9%

UGI

UGI

UGI Revenue by Segment

Forward Guidance

UGI is on track to deliver full-year results within its fiscal 2024 adjusted EPS guidance range of $2.70 - $3.00 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income