UGI Stock Trades Higher as Its Earnings Surpass Estimates in Q1

Core Viewpoint - UGI Corporation reported strong operating earnings for the first quarter of fiscal 2025, exceeding expectations, but total revenues fell short of estimates and declined year-over-year [1][3]. Financial Performance - Operating earnings for Q1 fiscal 2025 were $1.37 per share, surpassing the Zacks Consensus Estimate of$ 1.21 by 13.2% [1]. - GAAP earnings per share were $1.74, a significant increase from 44 cents in the same quarter last year [2]. - Total revenues amounted to$ 2.03 billion, missing the Zacks Consensus Estimate of $2.15 billion by 5.5% and declining 4.3% from$ 2.12 billion in the prior year [3]. Investment and Growth - UGI invested nearly $236 million in Q1 fiscal 2025, with 84% allocated to natural gas businesses [4]. - The company added over 4,000 customers in its Utilities segment during the quarter [4]. - Substantial completion was achieved on several RNG facilities, which will produce over 650 million cubic feet of RNG from dairy feedstock at full capacity [5]. Segment Performance - AmeriGas Propane reported EBIT of$ 71 million, up 4.2% year-over-year [7]. - UGI International's EBIT was $110 million, down 5.9% from the previous year [7]. - Midstream & Marketing's EBIT decreased by 6.9% to$ 95 million [7]. - UGI Utilities saw EBIT increase by 4.4% to $141 million [7]. Guidance - UGI reiterated its fiscal 2025 adjusted earnings guidance at$ 2.75- $3.05 per share, with the Zacks Consensus Estimate at$ 3 per share [8]. - The company plans to invest $800-$ 900 million in fiscal 2025 to enhance operations [8].