earnings
confidence high
sentiment positive
materiality 0.65
UGI reports Q1 adjusted EPS $1.14, up from $0.93; segment EBIT $411M
UGI CORP /PA/
2023-Q1 EPS reported
-$4.54
revenue$2,759,000,000
- GAAP diluted EPS loss of $(4.54) vs $(0.46) prior year; adjusted diluted EPS $1.14 vs $0.93.
- Reportable segments EBIT $411M, up from $348M; AmeriGas and Midstream & Marketing contributed growth.
- Utilities EBIT up $30M on 17% higher core volume from colder weather and higher gas rates.
- Committed over $450M to renewable natural gas projects; MSCI ESG rating upgraded to AAA.
- Available liquidity approximately $1.2 billion; reaffirms long-term 6-10% EPS growth target.