[UGI Corporation Q2 2025 Earnings Release](index=1&type=section&id=UGI%20Corporation%20Q2%202025%20Earnings%20Release) [Financial and Operational Highlights](index=1&type=section&id=Financial%20and%20Operational%20Highlights) The company reported strong Q2 FY2025 results with a 12% YoY increase in adjusted diluted EPS, leading to raised full-year guidance Q2 & YTD FY2025 Key Financial Metrics | Metric | Q2 FY2025 | Q2 FY2024 | YTD FY2025 | YTD FY2024 | | :--- | :--- | :--- | :--- | :--- | | **GAAP Diluted EPS** | $2.19 | $2.30 | $3.93 | $2.74 | | **Adjusted Diluted EPS** | $2.21 | $1.97 | $3.58 | $3.16 | - The company increased its Fiscal 2025 adjusted EPS guidance to a range of **$3.00 - $3.15 per share**[7](index=7&type=chunk) - Year-to-date reportable segments' EBIT reached **$1,112 million**, compared to $1,073 million in the prior-year period[7](index=7&type=chunk) - As of March 31, 2025, UGI maintained available liquidity of approximately **$1.9 billion**[7](index=7&type=chunk) - Strong results were attributed to effective management of higher demand from colder weather and cost efficiency, with natural gas businesses as the primary growth engine[4](index=4&type=chunk)[5](index=5&type=chunk) [Segment Performance Analysis](index=4&type=section&id=Segment%20Performance%20Analysis) All business segments showed YoY EBIT growth or stability, driven by colder weather benefiting Utilities and AmeriGas Propane [Utilities](index=4&type=section&id=Utilities) The segment's EBIT grew 7% to $241 million, driven by colder weather that increased core market throughput by 18% Utilities Segment Q2 Performance (YoY) | Metric | Q2 2025 | Q2 2024 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | **Revenues** | $773M | $646M | +$127M | +20% | | **EBIT** | $241M | $226M | +$15M | +7% | | **Core Market Throughput (bcf)** | 53 | 45 | +8 | +18% | - The service territory experienced temperatures that were **15% colder** than the prior-year period, significantly boosting core market volumes[15](index=15&type=chunk)[16](index=16&type=chunk) [Midstream & Marketing](index=4&type=section&id=Midstream%20%26%20Marketing) The segment's EBIT remained stable at $154 million as higher marketing margins were offset by lower midstream margins and higher expenses Midstream & Marketing Segment Q2 Performance (YoY) | Metric | Q2 2025 | Q2 2024 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | **Revenues** | $587M | $483M | +$104M | +22% | | **EBIT** | $154M | $153M | +$1M | +1% | - Total margin increased by $2 million, but this was offset by a $2 million increase in operating and administrative expenses, resulting in **flat operating income**[20](index=20&type=chunk)[21](index=21&type=chunk) [UGI International](index=5&type=section&id=UGI%20International) EBIT increased 9% to $143 million, driven by an 8% reduction in operating expenses that offset lower volumes and negative currency effects UGI International Segment Q2 Performance (YoY) | Metric | Q2 2025 | Q2 2024 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | **Revenues** | $650M | $673M | -$23M | -3% | | **EBIT** | $143M | $131M | +$12M | +9% | | **LPG Retail Gallons Sold (M)** | 213 | 221 | -8 | -4% | - Operating and administrative expenses **decreased by $13 million (8%)**, reflecting strong cost control and favorable currency translation effects (~$6 million)[22](index=22&type=chunk)[26](index=26&type=chunk) - Weaker foreign currencies (primarily the euro) **negatively impacted total margin by approximately $9 million**[26](index=26&type=chunk) [AmeriGas Propane](index=5&type=section&id=AmeriGas%20Propane) The segment's EBIT grew 12% to $154 million, driven by 11% colder weather that boosted retail volumes and unit margins AmeriGas Propane Segment Q2 Performance (YoY) | Metric | Q2 2025 | Q2 2024 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | **Revenues** | $848M | $795M | +$53M | +7% | | **EBIT** | $154M | $138M | +$16M | +12% | | **Retail Gallons Sold (M)** | 269 | 261 | +8 | +3% | - Temperatures were **11% colder** than the prior-year period, which was the primary driver for the 3% increase in retail volumes[25](index=25&type=chunk) [Consolidated Financial Statements](index=7&type=section&id=Consolidated%20Financial%20Statements) Consolidated Q2 revenues increased to $2.67 billion, while GAAP net income attributable to UGI slightly decreased to $479 million Consolidated Statement of Earnings (Q2 YoY) | Metric ($ in millions) | Three Months Ended Mar 31, 2025 | Three Months Ended Mar 31, 2024 | | :--- | :--- | :--- | | **Total Revenues** | $2,666 | $2,467 | | **Total EBIT** | $696 | $729 | | **Income Before Income Taxes** | $594 | $629 | | **Net Income Attributable to UGI** | $479 | $496 | Consolidated Earnings Per Share (Q2 YoY) | Metric | Three Months Ended Mar 31, 2025 | Three Months Ended Mar 31, 2024 | | :--- | :--- | :--- | | **Basic EPS** | $2.23 | $2.36 | | **Diluted EPS** | $2.19 | $2.30 | [Reconciliation of Non-GAAP Measures](index=8&type=section&id=Reconciliation%20of%20Non-GAAP%20Measures) The reconciliation from GAAP to non-GAAP measures shows Q2 adjusted net income of $484 million and adjusted diluted EPS of $2.21 Q2 EPS Reconciliation (GAAP to Adjusted) | Metric (per share) | Q2 FY2025 | Q2 FY2024 | | :--- | :--- | :--- | | **Diluted EPS (GAAP)** | **$2.19** | **$2.30** | | Net gains on commodity derivatives | ($0.03) | ($0.50) | | Unrealized losses on currency derivatives | $0.05 | $0.00 | | Other adjustments | $0.00 | $0.17 | | **Total Adjustments** | **$0.02** | **($0.33)** | | **Adjusted Diluted EPS** | **$2.21** | **$1.97** | Q2 Net Income Reconciliation (GAAP to Adjusted) | Metric ($ in millions) | Q2 FY2025 | Q2 FY2024 | | :--- | :--- | :--- | | **Net Income (GAAP)** | **$479** | **$496** | | Total Adjustments | $5 | ($73) | | **Adjusted Net Income** | **$484** | **$423** |

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 not all forward-looking statements contain such words. These s ...

UGI (UGI) came out with quarterly earnings of $2.21 per share, beating the Zacks Consensus Estimate of $1.80 per share. This compares to earnings of $1.97 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 22.78%. A quarter ago, it was expected that this natural gas and electric utilities operator. Would post earnings of $1.21 per share when it actually produced earnings of $1.37, delivering a surprise of 13.22%. Over the last f ...

Investors with an interest in Utility - Gas Distribution stocks have likely encountered both UGI (UGI) and Atmos Energy (ATO) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets com ...

Core Insights - Dividend Aristocrats are showing strong performance in 2025, with the ProShares S&P 500 Dividend Aristocrats ETF (NOBL) down only 3.4% year to date, outperforming the S&P 500 by more than 6 percentage points of alpha [1] Group 1 - The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has demonstrated resilience in a challenging market environment [1] - The ETF's performance indicates a potential investment opportunity in Dividend Aristocrats, which are known for their consistent dividend payments [1] - The 6 percentage points of alpha suggests that Dividend Aristocrats may be a favorable choice for investors seeking stability and income [1]

UGI Corporation (UGI) is expanding operations through strategic acquisitions, which should drive its performance. UGI’s capital investments help in system upgradation by replacement of aging infrastructure.  However, this Zacks Rank #3 (Hold) company faces competition from other clean sources and risks related to the seasonality of its business.Factors Acting in Favor of UGIUGI continues to make systematic capital investments to address the various capital projects, increase the safety and reliability of na ...

Core Viewpoint - UGI is currently considered a superior value option compared to Atmos Energy based on various valuation metrics [7] Valuation Metrics - UGI has a forward P/E ratio of 10.91, while Atmos Energy has a forward P/E of 20.88 [5] - UGI's PEG ratio is 2.27, compared to Atmos Energy's PEG ratio of 2.94 [5] - UGI's P/B ratio is 1.55, whereas Atmos Energy's P/B ratio is 1.82 [6] Earnings Outlook - Both UGI and Atmos Energy have a Zacks Rank of 2 (Buy), indicating an improving earnings outlook due to positive analyst estimate revisions [3] - The Zacks Rank system favors companies with strong earnings estimate revision trends, which applies to both UGI and Atmos Energy [2][3] Value Grades - UGI has been assigned a Value grade of B, while Atmos Energy has received a Value grade of F, highlighting UGI's stronger valuation position [6]

It has been about a month since the last earnings report for UGI (UGI) . Shares have added about 2.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is UGI due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. UGI Stock Trades Higher as Its Earnings Surpass Estimates in Q1U ...

Core Viewpoint - UGI has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, making it a valuable tool for investors [2][4]. - The recent upgrade for UGI reflects an optimistic earnings outlook, likely leading to increased buying pressure and a rise in stock price [3][5]. Earnings Estimate Revisions - UGI is projected to earn $3.04 per share for the fiscal year ending September 2025, showing a year-over-year decline of 0.7% [8]. - Over the past three months, the Zacks Consensus Estimate for UGI has increased by 1.9%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - UGI's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Core Viewpoint - UGI is currently viewed as a superior value opportunity compared to Atmos Energy based on various valuation metrics [7] Valuation Metrics - UGI has a forward P/E ratio of 10.94, while Atmos Energy has a forward P/E of 20.85 [5] - UGI's PEG ratio is 2.28, compared to Atmos Energy's PEG ratio of 2.94 [5] - UGI's P/B ratio stands at 1.55, whereas Atmos Energy's P/B ratio is 1.82 [6] - UGI has been assigned a Value grade of B, while Atmos Energy has a Value grade of D [6] Earnings Outlook - Both UGI and Atmos Energy hold a Zacks Rank of 2 (Buy), indicating positive revisions to their earnings estimates [3]