NYSE$UGI

UGI Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

UGI reported solid third quarter results, reflecting a reduction in operating expenses and strategic execution.

UGI reported solid fiscal third quarter results with adjusted diluted EPS of $0.06, demonstrating progress in executing key strategic priorities, including cost savings and stabilization of AmeriGas.

  • Q3 GAAP diluted EPS was $(0.23) and adjusted diluted EPS was $0.06.
  • Year-to-date reportable segments EBIT reached $1,185 million.
  • Operating and administrative expenses decreased by $38 million year-over-year.
  • Over $1 billion of debt was refinanced year-to-date, with $460 million in debt reduction at AmeriGas Propane.

Headline financials

Total Revenue

$1.38B

Previous: $1.66B-16.8%
EPS

-$0.23

Previous: -$3.76+93.9%
Utility Throughput Core

12

No prior period
Utility Throughput Total

78

No prior period
Utility HDD vs Normal

-26.1%

No prior period
Utility CapEx

$126M

No prior period
Midstream HDD vs Normal

-23.5%

No prior period
Midstream CapEx

$40M

No prior period
UGI Intl LPG Gallons

152.0M

No prior period
AmeriGas Gallons

142.0M

No prior period
AmeriGas HDD vs Normal

-5.5%

No prior period
AmeriGas CapEx

$21M

No prior period
Capital Expenditures

-$530M

Previous: -$670M+20.9%
Free Cash Flow

-$578M

Previous: -$1.46B+60.4%
Net Income

-$48M

Previous: -$789M+93.9%
Operating Income

$67M

Previous: -$732M+109.2%
Gross Profit

$741M

Previous: $555M+33.5%
Cash & Equivalents

$183M

Previous: $260M-29.6%
Total Assets

$15.1B

Previous: $15.2B-1.2%

Revenue & EPS history

UGI · Revenue · Quarterly

$1.38B

Q3 2024-16.8%vs Q3 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

UGI expects to be within the fiscal 2024 adjusted diluted EPS guidance range of $2.70 - $3.00 per share.

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 Q3 2024

Historical avgQ3 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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