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Argo Acquires UGI's Gas Storage and Supply Assets in Hawaiʻi

1. Isle Gas is acquiring storage and delivery assets from AmeriGas. 2. The deal involves 750,000 gallons of propane storage and a delivery fleet.

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FAQ

Why Neutral?

While the sale may generate immediate cash flow, it does not significantly alter UGI's overall financial health or operational capacity. Historical asset sales in utilities often lead to short-term fluctuations without long-term repercussions.

How important is it?

The article presents a specific corporate transaction involving a UGI subsidiary, relevant for understanding UGI's asset management but not transformational for its market position.

Why Short Term?

The impact is likely immediate, affecting liquidity but stabilizing quickly as the company's fundamentals remain intact. Similar past transactions led to temporary volatility before returning to baseline performance levels.

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AMGUGISPH
HONOLULU--(BUSINESS WIRE)--Isle Gas, a wholly owned subsidiary of AMF Hawaiʻi Investment Holdings, LLC (“AMF”) managed by Argo Infrastructure Partners (“Argo”), announced today that it has reached an agreement with AmeriGas Propane, L.P. (“AmeriGas”) to purchase select non-utility gas storage and delivery assets from AmeriGas, a subsidiary of UGI Corporation (NYSE: UGI). The asset purchase includes approximately 750,000 gallons of propane storage across multiple sites and a delivery fleet of ve.

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