UGI Q4 2021 Earnings Report
Key Takeaways
UGI Corporation reported record GAAP net income and adjusted net income for fiscal year 2021. The company completed the acquisition of Mountaineer Gas Company and committed over $100 million to renewable natural gas projects.
Record GAAP net income of $1,467 million and adjusted net income of $629 million.
Record GAAP diluted earnings per share (“EPS”) of $6.92 and adjusted diluted EPS of $2.96.
Reportable segments earnings before interest expense and income tax1 ("EBIT") of $1,134 million.
Completed the strategic acquisition of Mountaineer Gas Company, adding approximately 6,200 miles of pipelines and nearly 214,000 customers.
UGI
UGI
Forward Guidance
UGI provides an adjusted EPS guidance range of $3.05 - $3.253 per diluted share for the fiscal year ending September 30, 2022. This guidance range assumes normal weather, the current tax regime and includes the negative impact of approximately $0.06 per diluted share related to the accounting for the equity units2 issued in May 2021.
Challenges Ahead
- includes the negative impact of approximately $0.06 per diluted share related to the accounting for the equity units2 issued in May 2021