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UGIBearishEarningsnews
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UGI Q2 Earnings Surpass Estimates, Revenues Decline Y/Y

May 2, 2024, 11:16 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- UGI reported Q2 2024 earnings of $1.97/share, exceeding estimates, but revenues missed. - Segment revenues declined across AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. - Total interest expenses increased to $100 million, with adjusted earnings guidance of $2.70-$3 per share. - UGI aims for 4-6% long-term EPS growth rate with a current Zacks Rank #3. - Upcoming releases from ONE Gas, Southwest Gas, and Atmos Energy expected soon. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Earnings

  • UGI reported Q2 2024 earnings of $1.97/share, exceeding estimates, but revenues missed.
  • Segment revenues declined across AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities.
  • Total interest expenses increased to $100 million, with adjusted earnings guidance of $2.70-$3 per share.
  • UGI aims for 4-6% long-term EPS growth rate with a current Zacks Rank #3.
  • Upcoming releases from ONE Gas, Southwest Gas, and Atmos Energy expected soon.

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