StockNews.AI
UGI
StockNews.AI
60 days

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

1. AmeriGas to sell gas storage and delivery assets to Isle Gas. 2. Transaction involves 750,000 gallons of propane storage, impacting UGI's asset portfolio.

M&A
-0.14%Current Return
VS
-0.53%S&P 500
$36.3706/20 07:34 AM EDTEvent Start
$36.3206/23 06:32 AM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Neutral?

The sale of non-core assets may streamline operations but reduce immediate revenue. Historical cases show asset divestitures can stabilize or enhance long-term value.

How important is it?

The transaction indicates a strategic repositioning by UGI, which could impact investor sentiment. However, its immediate financial implications appear limited due to the non-utility nature of the assets.

Why Long Term?

The full impact of operational streamlining and efficiency gains will be realized over time. Past instances reveal that such divestitures often take time to reflect in stock valuations.

Related Companies

UGIAMFARGX
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.

Related News