Energy distributor UGI's Q1 revenue slightly rises

Reuters
Feb 05
Energy distributor UGI's Q1 revenue slightly rises

Overview

  • Energy distributor's Q1 revenue missed analyst expectations

  • Adjusted EPS for Q1 meets analyst expectations

  • Company to divest LPG businesses in 5 countries for €48 mln

Outlook

  • UGI plans disciplined capital deployment and executing long-term growth strategy

Result Drivers

  • STRONG GAS DEMAND - UGI's natural gas businesses saw strong results driven by increased gas demand and impact of gas base rate case

  • OPERATIONAL IMPROVEMENTS - Global LPG segment offset divestiture impacts through operational improvements and margin management

  • COLDER WEATHER - Colder weather increased core market volumes in Utilities segment by 16%

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

Miss

$2.08 bln

$2.49 bln (1 Analyst)

Q1 Adjusted EPS

Meet

$1.26

$1.26 (1 Analyst)

Q1 EPS

$1.34

Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the natural gas utilities peer group is "buy."

  • Wall Street's median 12-month price target for UGI Corp is $44.50, about 10.2% above its February 4 closing price of $40.39

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw8FKnzva

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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