NYSE$UGI

UGI Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

UGI reported record fiscal year 2021 results and issued fiscal year 2022 guidance.

UGI Corporation reported record GAAP net income and adjusted net income for fiscal year 2021. The company completed the acquisition of Mountaineer Gas Company and committed over $100 million to renewable natural gas projects.

  • Record GAAP net income of $1,467 million and adjusted net income of $629 million.
  • Record GAAP diluted earnings per share (“EPS”) of $6.92 and adjusted diluted EPS of $2.96.
  • Reportable segments earnings before interest expense and income tax1 ("EBIT") of $1,134 million.
  • Completed the strategic acquisition of Mountaineer Gas Company, adding approximately 6,200 miles of pipelines and nearly 214,000 customers.

Headline financials

Total Revenue

$1.44B

Previous: $1.12B+27.9%
EPS (adj)

-$0.34

Previous: $0.05-780.0%
Capital Expenditures

$230M

Previous: $184M+25.1%
Free Cash Flow

$204M

Previous: -$44.7M+556.4%
Net Income

$525M

Previous: $9.2M+5606.5%
Operating Income

$804M

Previous: $69M+1065.2%
Gross Profit

$1.45B

Previous: $648M+123.3%
Cash & Equivalents

$855M

Previous: $336M+154.5%
Total Assets

$16.7B

Previous: $14B+19.6%
Stock-Based Comp

$21M

Previous: $15M+40.0%

Revenue & EPS history

UGI · Revenue · Quarterly

$1.44B

Q4 2021+27.9%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

UGI provides an adjusted EPS guidance range of $3.05 - $3.253 per diluted share for the fiscal year ending September 30, 2022. This guidance range assumes normal weather, the current tax regime and includes the negative impact of approximately $0.06 per diluted share related to the accounting for the equity units2 issued in May 2021.

Headwinds

  • includes the negative impact of approximately $0.06 per diluted share related to the accounting for the equity units2 issued in May 2021

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 Q4 2021

Historical avgQ4 2021

-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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