UGI Q2 revenue rises, adjusted EPS falls

UGI

06/05/2026 22:50

Overview

US energy distributor's fiscal Q2 revenue rose slightly yr/yr to $2.69 bln

Adjusted diluted EPS for fiscal Q2 declined to $2.09 from $2.21 a year earlier

Company agreed to sell electric division for $470 mln, closing expected in Q1 2027

Outlook

UGI updates fiscal 2026 adjusted diluted EPS guidance to $2.75-$2.90 per share

Company says near-term fiscal 2026 earnings expectations have softened due to timing of growth investments and AmeriGas transformation

Result Drivers

UTILITIES BASE RATE INCREASE - Utilities segment benefited from higher gas base rates in Pennsylvania, partially offset by weather normalization adjustment

WARMER WEATHER AND DIVESTITURES - UGI International's lower retail volumes and margin reflected divestitures in Italy and Austria and warmer weather

AMERIGAS VOLUME DECLINE OFFSET - AmeriGas retail gallons fell due to warmer weather and customer attrition, but higher unit margins and fee income offset volume losses

Company press release: ID:nBwb1LPhCa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$2.69 bln
$3.08 bln (1 Analyst)
Q2 Adjusted EPS
Miss
$2.09
$2.38 (1 Analyst)
Q2 EPS
$2.33


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 $42.00, about 19.8% above its May 6 closing price of $35.07

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)