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Mar 31
UGI Q2 2025 Earnings Report
UGI delivered strong Q2 results with double-digit EPS growth and raised its fiscal 2025 adjusted EPS guidance.
Key Takeaways
UGI Corporation posted robust second quarter earnings with adjusted diluted EPS rising 12% year-over-year, driven by colder weather and solid operational execution across all business segments.
Adjusted diluted EPS increased to $2.21 from $1.97 in Q2 2024.
Q2 GAAP diluted EPS was $2.19, compared to $2.30 in the prior-year quarter.
Revenue rose to $2.666 billion from $2.467 billion in Q2 2024.
Fiscal 2025 adjusted EPS guidance was increased to $3.00 - $3.15.
UGI
UGI
UGI Revenue by Segment
Revenue by Segment
Utilities Revenue
CapyFin.comMidstream & Marketing Revenue
CapyFin.comUGI International Revenue
CapyFin.comAmeriGas Propane Revenue
CapyFin.com Forward Guidance
UGI raised its fiscal 2025 adjusted EPS guidance based on strong year-to-date performance and favorable operating conditions.
Positive Outlook
- Fiscal 2025 adjusted EPS guidance increased to $3.00 - $3.15.
- Colder-than-average weather boosted volumes and earnings across segments.
- AmeriGas improved margins and delivered increased operating income.
- Strong growth in core market volumes and customer base in Utilities segment.
- International business delivered higher operating income despite lower volumes.
Challenges Ahead
- Lower revenue from UGI International due to volume decline and FX impacts.
- Midstream margins impacted by sale of Hunlock Creek generation asset.
- Flat operating income in Midstream & Marketing despite higher revenue.
- Increased maintenance and uncollectible accounts expenses in Utilities.
- Ongoing structural conservation trends affecting LPG volumes internationally.