Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-11071 UGI CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

Key Takeaways UGI expects to hit the upper end of its FY25 adjusted EPS guidance range of $3.00-$3.15.EBIT fell across all segments, with Midstream & Marketing down 37.2% and Utilities down 23.1%.UGI invested $605M year to date, with 80% of that allocated to its natural gas operations.UGI Corporation (UGI) reported a third-quarter fiscal 2025 operating loss of a cent per share, which was narrower than the Zacks Consensus Estimate of a loss of 12 cents. In the year-ago quarter, the company reported earnings ...

Financial Data and Key Metrics Changes - UGI reported year-to-date adjusted diluted earnings per share (EPS) of $3.55, an increase of $0.33 compared to the prior year period, marking a record performance [6][18] - For the fiscal third quarter, adjusted diluted EPS was negative $0.01, down from positive $0.06 in the prior year, reflecting typical seasonal patterns [7][12] - The company expects to achieve the top end of its fiscal 2025 adjusted EPS guidance range of $3 to $3.15 per share [7][18] Business Line Data and Key Metrics Changes - The utility segment added approximately 9,000 residential heating and commercial customers this fiscal year, demonstrating strong fundamentals [9] - AmeriGas is exiting the wholesale business, which represented about 11% of total LPG gallons sold in fiscal 2024 but was essentially breakeven [10][11] - UGI International's LPG volumes declined by 9% due to structural conservation and weather impacts, leading to a $19 million decline in total margin [15][16] Market Data and Key Metrics Changes - The utility segment's EBIT was $30 million for the quarter, down from $39 million in the prior year, with total margin up $4 million due to infrastructure programs [14] - Midstream and marketing EBIT was $27 million for the quarter, down $16 million year-over-year, with total margin decreasing by $9 million [15] - UGI International's EBIT decreased by $14 million, primarily due to lower total margins and higher depreciation expenses [16] Company Strategy and Development Direction - UGI is focusing on optimizing its LPG portfolio, with expected proceeds of approximately $150 million from asset sales during fiscal 2025 [9][19] - The company is concentrating resources on high-return opportunities while providing financial flexibility to support deleveraging objectives [10] - UGI anticipates benefiting from ongoing discussions with potential generators and opportunities to utilize its infrastructure for natural gas and LNG [29][47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong year-to-date performance and operational excellence, despite typical seasonal challenges [6][18] - The company is optimistic about the impact of the One Big Beautiful Bill Act, which is expected to provide additional tax benefits [24][26] - Management highlighted improvements in safety performance as a leading indicator of operational efficiency and company health [40][52] Other Important Information - UGI's leverage ratio was reported at 3.8 times for the quarter, with strong free cash flow generation and available liquidity of approximately $1.9 billion [18] - The company is preparing for the upcoming winter season with a focus on customer service improvements and operational efficiencies [41][44] Q&A Session Summary Question: Can you elaborate on the potential benefits from the One Big Beautiful Bill Act? - Management indicated that the act will allow retroactive adjustments to interest deductibility and enhance tax benefits from investment tax credits [24][26] Question: What is the investment opportunity set for the Pennsylvania Midstream business? - Management noted ongoing discussions with multiple counterparties and expects robust opportunities in both midstream and utility sectors [29][47] Question: What metrics are being focused on for AmeriGas as winter approaches? - Key metrics include safety performance, customer service statistics, delivery efficiency, and free cash flow generation [40][42] Question: Are there any notable contract expiries in the midstream side? - Management stated there are no significant contract expiries anticipated that would cause a major shift in operations [46] Question: What is the outlook for strategic divestitures? - Management emphasized that divestitures are evaluated to ensure they are not dilutive and provide better value than holding the assets [31][32]

UGI (UGI) Q3 2025 Earnings Call August 07, 2025 09:00 AM ET Speaker0Good day and thank you for standing by. Welcome to the UGI Corporation Q3 twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone.You will then hear an automated message advising your hand has been raised. To withdraw your question, ple ...

Fiscal 2025 Third Quarter Earnings Presentation August 7, 2025 About This Presentation This presentation contains statements, estimates and projections that are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended). Such statements use forward-looking words such as "believe," "plan," "anticipate," "continue," "estimate," "expect," "may," or other similar words and terms of similar meaning, although ...

Press Release UGI Reports Third Quarter Results August 6, 2025 VALLEY FORGE, PA - UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended June 30, 2025. HIGHLIGHTS "We have achieved outstanding year-to-date results that showcase the strength of our asset portfolio and our team's commitment to safely and reliably deliver energy solutions to our customers," said Bob Flexon, President and Chief Executive Officer. "Our focus on driving superior business performance, operational ...

UGI (UGI) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +91.67%. A quarter ago, it was expected that this natural gas and electric utilities operator. would post earnings of $1.8 per share when it actually produced earnings of $2.21, delivering a surprise of +22.78%.Over the last four q ...

Core Insights - Wall Street is experiencing a strong rally, driven by solid corporate earnings, resilient economic data, the AI boom, and retail investor enthusiasm, despite concerns over trade policy and Federal Reserve actions [1] Dividend Growth Strategy - Dividend investing is gaining traction as it provides consistent income, especially in uncertain markets, with a focus on stocks that have a strong history of year-over-year dividend growth leading to higher returns [2][4] - Stocks with a solid dividend growth history are typically mature companies, offering downside protection and acting as a hedge against market volatility [4][5] - Selected dividend growth stocks include Boyd Gaming Corporation, TE Connectivity, UGI Corporation, NetEase Inc., and Garmin Ltd., which show strong earnings revisions and growth potential [3][9] Stock Selection Criteria - Stocks selected for dividend growth should have a 5-Year Historical Dividend Growth greater than zero, indicating a solid dividend growth history [6] - Additional criteria include 5-Year Historical Sales Growth and EPS Growth greater than zero, ensuring a strong record of revenue and earnings growth [7] - Valuation metrics such as Price/Cash Flow less than the industry average and a 52-Week Price Change greater than the S&P 500 are also important for stock selection [8] Company Profiles - **Boyd Gaming Corporation (BYD)**: A multi-jurisdictional gaming company with a positive earnings estimate revision of $0.31 and an earnings surprise of 9.12% over the past four quarters, holding a Zacks Rank 1 and a Growth Score of A [10][11] - **TE Connectivity (TEL)**: A global technology company with a solid earnings estimate revision of $0.22 and an estimated growth of 12.30%, also holding a Zacks Rank 1 and a Growth Score of B [11][12] - **UGI Corporation (UGI)**: A holding company for energy products with an estimated earnings growth rate of 2.29% and an average earnings surprise of 75.67%, holding a Zacks Rank 2 and a Growth Score of B [13] - **NetEase Inc. (NTES)**: An Internet technology company with a positive earnings estimate revision and an estimated earnings growth rate of 20.14%, holding a Zacks Rank 2 and a Growth Score of A [14] - **Garmin Ltd. (GRMN)**: An OEM of navigation equipment with a positive earnings estimate revision of $0.03 and an estimated earnings growth rate of 7.85%, holding a Zacks Rank 2 and a Growth Score of B [15]

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - Turnaround stocks, such as UGI Corp., can present significant investment opportunities if the underlying business fundamentals are strong [2] Group 2 - The article emphasizes the importance of performing due diligence and drawing independent conclusions before making investment decisions [4][5]

Core Insights - UGI Corporation (UGI) is positioned as a strong investment option in the utility sector due to strategic investments in infrastructure modernization, disciplined capital allocation, and operational improvements [1] Growth Projections - The Zacks Consensus Estimate for fiscal 2025 earnings per share (EPS) has increased by 2.3% to $3.13 over the past 90 days [2] - Projected sales for fiscal 2025 are $7.81 billion, reflecting a year-over-year increase of 8.4% [2] - UGI's long-term earnings growth rate is estimated at 5.2%, with a trailing four-quarter average earnings surprise of 75.7% [2] Return on Equity - UGI's return on equity (ROE) stands at 16.21%, surpassing the industry average of 9.24%, indicating more effective utilization of funds compared to peers [3] Liquidity Position - The company's current ratio is 1.23, which is significantly better than the industry average of 0.63, suggesting sufficient short-term assets to cover liabilities [4] Debt Management - UGI's total debt to capital ratio is 58.34%, which is lower than the sector average of 60.33% [5] - The time-to-interest earned ratio is 2.5, indicating the company's capability to meet future interest obligations comfortably [5] Strategic Investments - UGI is making strategic investments to enhance safety and reliability in natural gas production and storage, with $160 million invested in the fiscal second quarter, 79% of which was allocated to natural gas businesses [6][7] - The company plans to invest $800-$900 million in fiscal 2025 and $3.7-$4.1 billion through fiscal 2027 to strengthen operations [7] Dividend History - UGI has a long-standing history of paying dividends for 141 years, with a 10-year compound annual growth rate (CAGR) of 6% from fiscal 2014-2024 [10] - The current dividend yield is 4.17%, outperforming the Zacks S&P 500 composite's yield of 1.19% [10] Share Price Performance - Over the past three months, UGI shares have increased by 8.5%, compared to the industry's growth of 1.9% [11]