UGI (US:UGI)2024-05-02 15:49Financial Performance & Targets - UGI Corporation reaffirmed its FY24 adjusted diluted EPS guidance range of $2.70 - $3.00[35] - Targeted EPS growth rate is 4 - 6% for FY24-27[41] - Targeted rate base growth is 9%+ for FY24-27[41] - The company is aiming for a leverage ratio of 3.5 – 4.0x[41] Q2 FY24 Results - Q2 FY24 GAAP Diluted EPS was $2.30, compared to $0.51 in Q2 FY23[53, 70] - Q2 FY24 Adjusted Diluted EPS was $1.97[53] - YTD FY24 Adjusted Diluted EPS was $3.16[53] - YTD FY24 Adjusted diluted EPS growth in YTD was ~9%[53] - Available liquidity as of March 31, 2024, was $1.7 billion[12] Capital Allocation & Strategy - The company plans to reduce debt by $350 - $450 million in FY24 at AmeriGas Propane[12] - The company expects to realize ~$70 - $100 million in permanent savings by FY25[77] - Approximately 85% of total capital is invested in natural gas businesses[18]