
UGI to Build Dedicated Natural Gas Pipeline and Infrastructure; Prime Data Centers to Develop One of Pennsylvania&#39;s Largest AI and High-Performance Computing Facilities



<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">UGI to Build Dedicated Natural Gas Pipeline and Infrastructure; Prime Data Centers to Develop One of Pennsylvania's Largest AI and High-Performance Computing Facilities</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
UGI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/quote/ugi">UGI</a>), through its subsidiary UGI Energy Services, LLC (UGIES), and Prime Data Centers, LLC (<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fprimedatacenters.com%2F&amp;esheet=54530675&amp;newsitemid=20260506617597&amp;lan=en-US&amp;anchor=Prime&amp;index=2&amp;md5=df7f18018c439c766e7d4ee062a4ec1b" shape="rect">Prime</a>), a leading international developer and owner of hyperscale data centers, today announced a strategic partnership to develop major natural gas supply infrastructure in Pennsylvania's northern tier, in support of one of the state's most significant energy and technology investments.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Under a purchase and sale agreement, UGI Energy Services will sell Prime property to build a proposed on-site gas-fueled electric generation facility. UGI will retain approximately 15 billion cubic feet of underground storage capacity and oil and gas rights associated with the property. The project is expected to support on-site energy resilience and long-duration capacity for future data center operations.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Prime's natural gas demand is expected to exceed 100,000 dekatherms per day within three to five years - a scale that underscores the importance of the project for the region's energy infrastructure.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;This is a significant milestone for UGI Energy Services and a strong fit for our midstream capabilities, where we anticipate that our planned investment could be in excess of $100 million. We&#39;re proud to partner with Prime Data Centers, and as energy demands continue to grow, the northern tier&#39;s direct access to locally produced natural gas and multiple interstate pipeline systems makes this a well-positioned project. We look forward to helping power what will be a landmark investment for Pennsylvania,&#34; said Joseph Hartz, President, UGI Energy Services.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Prime Data Centers is thrilled to partner with UGI Energy Services. Pennsylvania&#39;s northern tier offers a rare combination of direct Marcellus Shale access, robust pipeline infrastructure, and a business environment that welcomes large-scale energy and technology investment — and UGIES brings the midstream expertise and operational scale to match our ambitions. Together, we are building the energy backbone that will power the next generation of AI and high-performance computing in Pennsylvania,&#34; said Nicholas Laag, Chief Executive Officer, Prime Data Centers.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Pennsylvania has the fourth largest natural gas reserves in the world, and this partnership puts that resource to work where it matters most – securing America's energy future and leading the global AI race. This kind of infrastructure is necessary for our energy security, will create good jobs, and drive real economic growth for rural communities that have always been the foundation of Pennsylvania's energy strength. Pennsylvania has the energy, the skilled workers, and the will to lead. This project proves it," said U.S. Senator Dave McCormick.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The northern tier of Pennsylvania is rich with natural gas, providing a significant, built-in energy resilience advantage and long-duration supply security that few data center developments can match. Additionally, major interstate pipeline systems, including Eastern Gas Transmission and Storage and Tennessee Gas Pipeline, as well as the UGI Utilities distribution network, maintain a presence - offering multiple, redundant supply pathways critical to meeting the continuous and growing energy demands of hyperscale data center operations.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Prime Data Centers</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Prime Data Centers is a leading international developer and owner of hyperscale and purpose-built data centers, designed to power the future of artificial intelligence, high-performance computing, and digital transformation. Established in California in 2017, Prime operates 13 campuses comprising 28 data centers, with four gigawatts of operational and planned capacity across premier markets in the United States and Europe, including Chicago, Dallas, Los Angeles, Phoenix, Silicon Valley, Austin, Frankfurt, Berlin, Madrid, and the Nordics.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About UGI Energy Services</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
UGI Energy Services, LLC, a subsidiary of UGI Corporation, markets natural gas, electricity, and liquid fuels to commercial, institutional, and industrial customers. UGI Energy Services owns and operates a broad portfolio of natural gas midstream assets, including liquefied natural gas storage and vaporization facilities, underground storage fields, gathering systems, intrastate and interstate pipelines, compressor stations, and renewable natural gas digesters. For more information, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ugies.com&amp;esheet=54530675&amp;newsitemid=20260506617597&amp;lan=en-US&amp;anchor=www.ugies.com&amp;index=3&amp;md5=f7983176997e0c67451c1414727ac4fe" shape="rect">www.ugies.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About UGI Corporation</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
UGI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/UGI">UGI</a>) is a distributor and marketer of energy products and services across the United States and Europe. Through its subsidiaries, UGI provides natural gas transmission and distribution, electric generation and distribution, midstream services, propane distribution, renewable natural gas generation and marketing, and energy marketing services. For more information, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ugicorp.com&amp;esheet=54530675&amp;newsitemid=20260506617597&amp;lan=en-US&amp;anchor=www.ugicorp.com&amp;index=4&amp;md5=ab9ae730040bdd750df94dc5f0a34335" shape="rect">www.ugicorp.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260506617597r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260506617597/en/" rel="nofollow">https://www.businesswire.com/news/home/20260506617597/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">INVESTOR RELATIONS:
<br xmlns="http://www.w3.org/1999/xhtml"></br>
<br xmlns="http://www.w3.org/1999/xhtml"></br></b><b xmlns="http://www.w3.org/1999/xhtml">610-337-1000 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Tameka Morris, ext. 6297
<br xmlns="http://www.w3.org/1999/xhtml"></br>Arnab Mukherjee, ext. 7498

</p>

UGI Energy Services and Prime Data Centers Forge Strategic Partnership to Power Data Center Campus

UGI Partners with Prime Data Centers for Major Gas Infrastructure Project

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>UGI to Build Dedicated Natural Gas Pipeline and Infrastructure; Prime Data Centers to Develop One of Pennsylvania&amp;#39;s Largest AI and High-Performance Computing Facilities</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>UGI Corporation is partnering with Prime Data Centers to develop significant natural gas infrastructure in Pennsylvania. The partnership, involving over $100 million in investment, will enhance energy resilience and support growing data center demands, expected to exceed 100,000 dekatherms daily within five years, likely positively impacting UGI&#039;s growth prospects.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>UGI partners with Prime Data Centers for a natural gas project.</li><li>UGI to invest over $100 million in Pennsylvania infrastructure.</li><li>Prime&#039;s natural gas demand may exceed 100,000 dekatherms daily.</li><li>Project aims to enhance energy resilience for data centers.</li><li>UGI retains significant gas storage capacity and rights.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Prime Data Centers (N/A)</strong>: Prime&#039;s growth in demand directly boosts UGI&#039;s infrastructure utilization.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This announcement categorically fits under Corporate Developments, as it signifies strategic investment in infrastructure that directly affects UGI&#039;s operational capabilities and future growth trajectories.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>UGI&#039;s planned investment exceeds $100 million, enhancing its midstream service capabilities.</li><li>Expected natural gas demand from Prime may boost UGI&#039;s revenue by 2028.</li><li>Increased energy infrastructure in Pennsylvania can lead to market expansion for UGI.</li><li>Retaining underground storage capacity strengthens UGI&#039;s asset profile and operational flexibility.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>UGI to invest over $100 million in the new project.</li><li>Natural gas demand expected to exceed 100,000 dekatherms per day in 3-5 years.</li><li>UGI retains approximately 15 billion cubic feet of gas storage.</li><li>Partnership focuses on supporting one of Pennsylvania&#039;s largest AI facilities.</li><li>The northern tier has significant natural gas reserves and pipeline infrastructure.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>UGI is poised for medium-term growth as infrastructure developments support rising energy demands.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">UGI to Build Dedicated Natural Gas Pipeline and Infrastructure; Prime Data Centers to Develop One of Pennsylvania's Largest AI and High-Performance Computing Facilities</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
UGI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/quote/ugi">UGI</a>), through its subsidiary UGI Energy Services, LLC (UGIES), and Prime Data Centers, LLC (<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fprimedatacenters.com%2F&amp;esheet=54530675&amp;newsitemid=20260506617597&amp;lan=en-US&amp;anchor=Prime&amp;index=2&amp;md5=df7f18018c439c766e7d4ee062a4ec1b" shape="rect">Prime</a>), a leading international developer and owner of hyperscale data centers, today announced a strategic partnership to develop major natural gas supply infrastructure in Pennsylvania's northern tier, in support of one of the state's most significant energy and technology investments.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Under a purchase and sale agreement, UGI Energy Services will sell Prime property to build a proposed on-site gas-fueled electric generation facility. UGI will retain approximately 15 billion cubic feet of underground storage capacity and oil and gas rights associated with the property. The project is expected to support on-site energy resilience and long-duration capacity for future data center operations.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Prime's natural gas demand is expected to exceed 100,000 dekatherms per day within three to five years - a scale that underscores the importance of the project for the region's energy infrastructure.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;This is a significant milestone for UGI Energy Services and a strong fit for our midstream capabilities, where we anticipate that our planned investment could be in excess of $100 million. We&#39;re proud to partner with Prime Data Centers, and as energy demands continue to grow, the northern tier&#39;s direct access to locally produced natural gas and multiple interstate pipeline systems makes this a well-positioned project. We look forward to helping power what will be a landmark investment for Pennsylvania,&#34; said Joseph Hartz, President, UGI Energy Services.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Prime Data Centers is thrilled to partner with UGI Energy Services. Pennsylvania&#39;s northern tier offers a rare combination of direct Marcellus Shale access, robust pipeline infrastructure, and a business environment that welcomes large-scale energy and technology investment — and UGIES brings the midstream expertise and operational scale to match our ambitions. Together, we are building the energy backbone that will power the next generation of AI and high-performance computing in Pennsylvania,&#34; said Nicholas Laag, Chief Executive Officer, Prime Data Centers.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Pennsylvania has the fourth largest natural gas reserves in the world, and this partnership puts that resource to work where it matters most – securing America's energy future and leading the global AI race. This kind of infrastructure is necessary for our energy security, will create good jobs, and drive real economic growth for rural communities that have always been the foundation of Pennsylvania's energy strength. Pennsylvania has the energy, the skilled workers, and the will to lead. This project proves it," said U.S. Senator Dave McCormick.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The northern tier of Pennsylvania is rich with natural gas, providing a significant, built-in energy resilience advantage and long-duration supply security that few data center developments can match. Additionally, major interstate pipeline systems, including Eastern Gas Transmission and Storage and Tennessee Gas Pipeline, as well as the UGI Utilities distribution network, maintain a presence - offering multiple, redundant supply pathways critical to meeting the continuous and growing energy demands of hyperscale data center operations.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Prime Data Centers</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Prime Data Centers is a leading international developer and owner of hyperscale and purpose-built data centers, designed to power the future of artificial intelligence, high-performance computing, and digital transformation. Established in California in 2017, Prime operates 13 campuses comprising 28 data centers, with four gigawatts of operational and planned capacity across premier markets in the United States and Europe, including Chicago, Dallas, Los Angeles, Phoenix, Silicon Valley, Austin, Frankfurt, Berlin, Madrid, and the Nordics.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About UGI Energy Services</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
UGI Energy Services, LLC, a subsidiary of UGI Corporation, markets natural gas, electricity, and liquid fuels to commercial, institutional, and industrial customers. UGI Energy Services owns and operates a broad portfolio of natural gas midstream assets, including liquefied natural gas storage and vaporization facilities, underground storage fields, gathering systems, intrastate and interstate pipelines, compressor stations, and renewable natural gas digesters. For more information, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ugies.com&amp;esheet=54530675&amp;newsitemid=20260506617597&amp;lan=en-US&amp;anchor=www.ugies.com&amp;index=3&amp;md5=f7983176997e0c67451c1414727ac4fe" shape="rect">www.ugies.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About UGI Corporation</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
UGI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/UGI">UGI</a>) is a distributor and marketer of energy products and services across the United States and Europe. Through its subsidiaries, UGI provides natural gas transmission and distribution, electric generation and distribution, midstream services, propane distribution, renewable natural gas generation and marketing, and energy marketing services. For more information, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ugicorp.com&amp;esheet=54530675&amp;newsitemid=20260506617597&amp;lan=en-US&amp;anchor=www.ugicorp.com&amp;index=4&amp;md5=ab9ae730040bdd750df94dc5f0a34335" shape="rect">www.ugicorp.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260506617597r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260506617597/en/" rel="nofollow">https://www.businesswire.com/news/home/20260506617597/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">INVESTOR RELATIONS:
<br xmlns="http://www.w3.org/1999/xhtml"></br>
<br xmlns="http://www.w3.org/1999/xhtml"></br></b><b xmlns="http://www.w3.org/1999/xhtml">610-337-1000 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Tameka Morris, ext. 6297
<br xmlns="http://www.w3.org/1999/xhtml"></br>Arnab Mukherjee, ext. 7498

</p>

UGI Corporation is partnering with Prime Data Centers to develop significant natural gas infrastructure in Pennsylvania. The partnership, involving over $100 million in investment, will enhance energy resilience and support growing data center demands, expected to exceed 100,000 dekatherms daily within five years, likely positively impacting UGI's growth prospects.

UGI Energy Services and Prime Data Centers Forge Strategic Partnership to Power Data Center Campus

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News