UGI reports fiscal 2023 GAAP net loss of $1.5B, adjusted EPS $2.84; guides FY2024 EPS $2.70-$3.00

UGI CORP /PA/

2023-FY EPS reported -$7.16 revenue$8,928,000,000

GAAP net loss $1,502M ($7.16 EPS) vs prior net income $1,073M ($4.97 EPS); adjusted EPS $2.84 vs $2.90.
Record EBIT at Utilities and Midstream & Marketing; Utilities deployed $563M capital, added ~13,000 customers.
Divested UK and Belgium energy marketing in fiscal year; completed sale of France portfolio in October 2023.
Committed over $500M to renewable RNG projects; two NY RNG plants with annual capacity 140M cubic feet.
Fiscal 2024 adjusted EPS guidance $2.70-$3.00, assuming normal weather and current tax regime.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UGI CORP /PA/ reported the fiscal year ending September 30, 2024 results: EPS adjusted diluted EPS guidance range of $2.70 - $3.00. Guidance initiated.

Period: the fiscal year ending September 30, 2024
EPS: adjusted diluted EPS guidance range of $2.70 - $3.00
Guidance: initiated
Result: guidance update

Exact text from the filing

UGI provides an adjusted EPS guidance range of $2.70 - $3.00 2 per diluted share for the fiscal year ending September 30, 2024.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UGI CORP /PA/ reported the fiscal year ended September 30, 2023 results: net income GAAP net loss of $(1,502) million and adjusted net income of $613 million, EPS GAAP diluted (loss) earnings per share ("EPS") of $(7.16) and adjusted diluted EPS of $2.84. Guidance initiated.

Period: the fiscal year ended September 30, 2023
Net income: GAAP net loss of $(1,502) million and adjusted net income of $613 million
EPS: GAAP diluted (loss) earnings per share ("EPS") of $(7.16) and adjusted diluted EPS of $2.84
Guidance: initiated
Result: reported results

Exact text from the filing

UGI Corporation (NYSE: UGI) reported financial results for the fiscal year ended September 30, 2023 and provided guidance for fiscal year 2024.

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Source: SEC EDGAR

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