UGI reports FY2022 adjusted EPS $2.90 vs $2.96; issues FY2023 guidance $2.85-$3.15

UGI CORP /PA/

2022-FY EPS reported $4.97 revenue$10,106,000,000

GAAP net income $1,073M ($4.97 diluted EPS) vs $1,467M ($6.92) prior year; adjusted net income $626M ($2.90 diluted EPS) vs $629M ($2.96).
Reportable segments EBIT record $1,166M (up from $1,134M), driven by Utilities and Midstream & Marketing.
Divested UK energy marketing Oct 21, 2022; plans to sell French unit in Q1 FY2023 and wind down Belgium/Netherlands operations.
FY2023 adjusted diluted EPS guidance $2.85-$3.15; long-term 6%-10% EPS growth target reiterated.
Record capital spending $562M in FY2022; added over 14,000 residential/commercial heating customers at Utilities.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UGI CORP /PA/ reported the fiscal year ended September 30, 2022 results: net income GAAP net income of $1,073 million and adjusted net income of $626 million, EPS GAAP diluted earnings per share (“EPS”) of $4.97 and adjusted diluted EPS of $2.90. Guidance initiated.

Period: the fiscal year ended September 30, 2022
Net income: GAAP net income of $1,073 million and adjusted net income of $626 million
EPS: GAAP diluted earnings per share (“EPS”) of $4.97 and adjusted diluted EPS of $2.90
Guidance: initiated
Result: reported results

Exact text from the filing

UGI Corporation (the “Company”) issued a press release announcing financial results for the Company for the fiscal quarter and year ended September 30, 2022.

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Source: SEC EDGAR

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