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Jun 30, 2022
UGI Q3 2022 Earnings Report
UGI's Q3 2022 financial performance was impacted by commodity price volatility and inflationary pressures, but the company delivered reportable segments EBIT of $100 million.
Key Takeaways
UGI Corporation reported Q3 GAAP diluted EPS of $(0.03) and adjusted diluted EPS of $0.06, compared to the prior-year period's GAAP diluted EPS of $0.71 and adjusted diluted EPS of $0.13. Despite challenging market conditions, the company achieved reportable segments EBIT of $100 million, slightly above the $98 million from the previous year.
Q3 GAAP diluted EPS was $(0.03), and adjusted diluted EPS was $0.06.
Reportable segments EBIT reached $100 million, compared to $98 million in the prior-year period.
The company has a strong balance sheet with approximately $2.1 billion in available liquidity.
UGI is progressing with its renewables strategy, committing to fully fund three RNG projects in South Dakota with a total investment of ~$70 million.
UGI
UGI
Forward Guidance
UGI now expects to be at the bottom end, or slightly below, its fiscal 2022 adjusted diluted EPS guidance range of $2.90 to $3.00 per share.
Challenges Ahead
- Continued economic uncertainty due to persistent inflation
- Commodity price volatility
- Customer price sensitivity
- Labor shortages