Jun 30, 2023

UGI Q3 2023 Earnings Report

UGI's financial performance was impacted by higher operating and administrative expenses, although strategic actions were taken to enhance financial flexibility.

Key Takeaways

UGI Corporation reported a GAAP diluted loss per share of $(3.76) and adjusted diluted EPS of $0.00 for Q3 2023. The company is focusing on cost savings and balance sheet improvements amidst a challenging environment.

Q3 GAAP diluted EPS was $(3.76), and adjusted diluted EPS was $0.00.

Year-to-date GAAP diluted EPS was $(7.78), and adjusted diluted EPS was $2.81.

Year-to-date reportable segments EBIT was $1,076 million.

UGI anticipates fiscal 2023 adjusted diluted EPS to be at the low end of its guidance range of $2.75 to $2.90.

Total Revenue
$1.66B
Previous year: $2.03B
-18.4%
EPS
-$3.76
Previous year: $0.06
-6370.7%
Gross Profit
$645M
Previous year: $672M
-4.0%
Cash and Equivalents
$260M
Previous year: $670M
-61.2%
Free Cash Flow
$177M
Previous year: $252M
-29.8%
Total Assets
$15.2B
Previous year: $17.1B
-10.9%

UGI

UGI

Forward Guidance

UGI anticipates fiscal 2023 adjusted diluted EPS to be at the low end of its guidance range of $2.75 to $2.90.