Financial Data and Key Metrics Changes - UGI reported adjusted earnings per share (EPS) of 0.06forQ32024,comparedto0.00 in the prior year [4] - Year-to-date adjusted diluted EPS reached 3.22,markinga231.9 billion at the end of the quarter [4] Business Line Data and Key Metrics Changes - The Utility segment's EBIT increased by 5millionto39 million, driven by higher gas and electric base rates [11] - Midstream & Marketing reported EBIT of 43million,a2 million increase year-over-year [12] - UGI International's EBIT rose by 35millionto57 million, attributed to higher LPG unit margins and reduced operating expenses [12] - AmeriGas experienced a 19milliondeclineinEBITduetolowertotalmargin,withretailvolumesdown1370 million to 100millioninpermanentcostsavingsbytheendoffiscal2025[7]−UGIcontinuestoprioritizeinvestmentsinitsnaturalgasbusinesses,with772.70 to 3[7]−ThecompanyanticipatesamaterialimpactfromrepairstoasupplyterminalinFrance,forecastinga0.01 to 0.02EPSimpactforthefiscalyear[15]−Managementemphasizedongoingeffortstostrengthenthebalancesheetandreduceabsolutedebtbyapproximately300 million since the beginning of fiscal 2023 [17][29] Other Important Information - UGI completed several key financing activities, including issuing 700millioninconvertibleseniornotesandrepurchasing475 million of senior notes [16][17] - Bob Beard, COO, announced his retirement at the end of the calendar year, with plans for a seamless transition [18] Q&A Session Summary Question: Impact of dock damage in France on EPS and supply margins - Management confirmed that insurance will cover capital required for repairs, and alternative logistics plans are in place to mitigate customer impact [20] Question: Update on AmeriGas initiatives and investment approach - Management stated that the removal of the EBITDA covenant allows for better focus on stability and efficiency improvements within AmeriGas [21][22] Question: Prospects for additional asset sales - Management indicated ongoing portfolio analysis to identify value-adding opportunities, with more updates expected [23] Question: Declines in CapEx across businesses - Management explained that the reduction in CapEx is part of a strategy to stabilize AmeriGas and focus on essential maintenance capital [24][25] Question: Future leverage metrics for UGI Corp and AmeriGas - Management aims to decrease leverage metrics, with significant progress noted in reducing absolute debt [28][29]
