NYSE$UGI
UGI Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
UGI reported solid results driven by strong performance in natural gas businesses and strategic growth investments, despite inflationary pressures.
UGI Corporation reported a GAAP diluted EPS of $(4.54) and an adjusted diluted EPS of $1.14 for Q1 2023, compared to a GAAP diluted EPS of $(0.46) and an adjusted diluted EPS of $0.93 in the prior-year period. The company's Q1 EBIT was $411 million, up from $348 million in the prior-year period. Strong performance was driven by natural gas businesses and growth investments, offsetting the impact of high inflation.
- Q1 GAAP diluted EPS was $(4.54), and adjusted diluted EPS was $1.14, compared to $(0.46) and $0.93, respectively, in the prior-year period.
- Q1 EBIT for reportable segments reached $411 million, compared to $348 million in the prior-year period.
- The company has approximately $1.2 billion in available liquidity.
- Over $450 million has been committed to renewables projects to date.
Headline financials
Revenue & EPS history
UGI · Revenue · Quarterly
$2.76B
Forward guidance
UGI is confident in its strategic priorities and the resiliency of its diversified business, which it believes will continue to enable growth and create long-term shareholder value.
Tailwinds
- Commitments to fully fund renewable natural gas (RNG) projects in New York and South Dakota, bringing total renewables investment to over $450 million to date.
- Strategic priorities
- Resiliency of diversified business
- Enable growth
- Create long-term shareholder value
Headwinds
- Adverse weather conditions resulting in reduced demand
- Cost volatility and availability of energy products
- Changes in domestic and foreign laws and regulations
- Inability to timely recover costs through utility rate proceedings
- Increased customer conservation measures due to high energy prices and improvements in energy efficiency
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.7%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+1.0%
Avg return
30 days after
44%
30 / 68 earnings
Positive
+17.2%
Q4 2024
Best reaction
-11.0%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -7.8% | +2.9% | +7.9% | |
| Q1 2026 | -2.0% | +0.8% | -2.9% | |
| Q4 2025 | +9.9% | +11.2% | +8.5% | |
| Q2 2025 | +4.1% | +3.2% | +5.8% | |
| Q1 2025 | +2.0% | +2.4% | +5.2% | |
| Q4 2024 | +17.2% | +23.3% | +12.2% | |
| Q3 2024 | -3.5% | -3.7% | -1.3% | |
| Q2 2024 | -5.2% | -4.7% | -0.4% | |
| Q1 2024 | +11.7% | +6.1% | +9.5% | |
| Q4 2023 | +2.3% | -0.1% | +3.5% | |
| Q3 2023 | -4.3% | -8.0% | -4.6% | |
| Q2 2023 | -9.1% | -7.9% | -14.1% | |
| Q1 2023 | +7.0% | +0.8% | -5.6% | |
| Q4 2022 | +4.5% | +9.5% | -0.6% | |
| Q3 2022 | -4.6% | -6.9% | -9.1% | |
| Q2 2022 | +4.5% | +5.9% | +21.7% | |
| Q1 2022 | -5.0% | -10.9% | -20.7% | |
| Q4 2021 | -3.0% | -1.3% | -0.8% | |
| Q3 2021 | +0.9% | +1.4% | +0.7% | |
| Q2 2021 | +1.6% | +4.5% | +5.3% | |
| Q1 2021 | +2.1% | +3.3% | +12.9% | |
| Q4 2020 | -0.6% | +0.8% | -2.0% | |
| Q3 2020 | +1.2% | +4.3% | +5.2% | |
| Q2 2020 | -4.7% | +2.9% | +20.9% | |
| Q1 2020 | +3.8% | +1.0% | -11.1% | |
| Q4 2019 | -11.0% | -6.6% | -4.7% | |
| Q3 2019 | -6.8% | -6.9% | -6.1% | |
| Q2 2019 | -1.4% | +0.5% | -2.8% | |
| Q1 2019 | -7.8% | -6.1% | -3.7% | |
| Q4 2018 | +3.4% | +1.6% | +4.3% | |
| Q3 2018 | -1.3% | +0.6% | +1.7% | |
| Q2 2018 | +0.8% | +0.3% | +4.5% | |
| Q1 2018 | +0.7% | -2.1% | -6.1% | |
| Q4 2017 | -0.1% | +0.6% | +3.3% | |
| Q3 2017 | -5.4% | -5.7% | -3.4% | |
| Q2 2017 | -2.9% | -1.3% | +2.0% | |
| Q1 2017 | +1.0% | +0.5% | +4.2% | |
| Q4 2016 | -8.0% | -2.8% | -1.4% | |
| Q3 2016 | +1.8% | +1.6% | +0.5% | |
| Q2 2016 | -0.9% | — | — | |
| Q1 2016 | +0.7% | — | — | |
| Q4 2015 | -1.6% | — | — | |
| Q3 2015 | -3.9% | — | — | |
| Q2 2015 | -2.0% | — | — | |
| Q1 2015 | -4.3% | — | — | |
| Q4 2014 | -3.4% | — | — | |
| Q3 2014 | -1.7% | — | — | |
| Q2 2014 | +0.8% | — | — | |
| Q1 2014 | -4.1% | — | — | |
| Q4 2013 | -1.0% | — | — | |
| Q3 2013 | +0.3% | — | — | |
| Q2 2013 | -1.2% | — | — | |
| Q1 2013 | +2.4% | — | — | |
| Q4 2012 | +0.4% | — | — | |
| Q3 2012 | -2.2% | — | — | |
| Q2 2012 | +0.2% | — | — | |
| Q1 2012 | -0.5% | — | — | |
| Q4 2011 | -3.0% | — | — | |
| Q3 2011 | -8.1% | — | — | |
| Q2 2011 | +1.5% | — | — | |
| Q1 2010 | +0.3% | — | — | |
| Q1 2011 | +0.0% | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q2 2010 | -0.2% | — | — | |
| Q4 2008 | -0.2% | — | — | |
| Q3 2010 | +0.6% | — | — | |
| Q3 2009 | +0.6% | — | — | |
| Q4 2009 | +0.6% | — | — |
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