NYSE$UGI

UGI Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

UGI reported a GAAP net loss and an adjusted net income, driven by record earnings in Utilities and Midstream & Marketing segments and actions to alleviate pressures in Global LPG businesses.

UGI Corporation reported a GAAP net loss of $(1,502) million and adjusted net income of $613 million for fiscal year 2023. The company issued fiscal 2024 adjusted diluted EPS guidance range of $2.70 - $3.00. Strategic accomplishments included record earnings at the Utilities and Midstream & Marketing segments, and the divestiture of energy marketing businesses in the UK and Belgium.

  • GAAP net loss of $(1,502) million and adjusted net income of $613 million.
  • GAAP diluted (loss) earnings per share (“EPS”) of $(7.16) and adjusted diluted EPS of $2.84.
  • Reportable segments earnings before interest expense and income tax of $1,158 million.
  • Issued fiscal 2024 adjusted diluted EPS guidance range of $2.70 - $3.00.

Headline financials

Total Revenue

$1.4B

Previous: $1.93B-27.4%
EPS (adj)

$0.03

Previous: $1.13-97.3%
Capital Expenditures

$304M

Previous: $253M+20.2%
Free Cash Flow

-$54M

Previous: -$385M+86.0%
Net Income

$131M

Previous: $244M-46.3%
Operating Income

$255M

Previous: $355M-28.2%
Gross Profit

$568M

Previous: $912M-37.7%
Cash & Equivalents

$241M

Previous: $405M-40.5%
Total Assets

$15.4B

Previous: $17.6B-12.4%
Stock-Based Comp

$17M

Previous: $15M+13.3%

Revenue & EPS history

UGI · Revenue · Quarterly

$1.4B

Q4 2023-27.4%vs Q4 2022
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

UGI provides an adjusted EPS guidance range of $2.70 - $3.00 per diluted share for the fiscal year ending September 30, 2024. This guidance range assumes normal weather and the current tax regime.

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 2023

Historical avgQ4 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

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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