secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0000884614-22-000058
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000088461422000058/0000884614-22-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000088461422000058/ugi-20221117.htm
  HTML page:      https://secwatch.observer/filing/0000884614-22-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer