UGI Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2023
November 16, 2023 at 05:20 pm EST
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UGI Corporation reported earnings results for the fourth quarter and full year ended September 30, 2023. For the fourth quarter, the company reported sales was USD 1,404 million compared to USD 1,934 million a year ago. Revenue was USD 1,404 million compared to USD 1,934 million a year ago. Net income was USD 131 million compared to USD 244 million a year ago. Basic earnings per share from continuing operations was USD 0.62 compared to USD 1.16 a year ago. Diluted earnings per share from continuing operations was USD 0.61 compared to USD 1.13 a year ago.
For the full year, the company reported sales was USD 8,928 million compared to USD 10,106 million a year ago. Revenue was USD 8,928 million compared to USD 10,106 million a year ago. Net loss was USD 1,502 million compared to net income of USD 1,073 million a year ago. Basic loss per share from continuing operations was USD 7.16 compared to basic earnings per share from continuing operations of USD 5.11 a year ago. Diluted loss per share from continuing operations was USD 7.16 compared to diluted earnings per share from continuing operations of USD 4.97 a year ago.
UGI Corporation is a holding company, which distributes, stores, transports and markets energy products and related services. In the United States, the Company owns and operates a retail propane marketing and distribution business, natural gas and electric distribution utilities, and energy marketing, midstream infrastructure, storage, natural gas gathering and processing, natural gas production, electricity generation and energy services businesses. In Europe, the Company markets and distributes propane and other liquified petroleum gas (LPG), and market other energy products and services. It operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and Utilities. The AmeriGas Propane segment operates propane distribution business. The UGI International segment consists of LPG distribution businesses in Austria, Belgium, the Czech Republic, Denmark, Finland, France, Hungary, Italy, Luxembourg, the Netherlands, Norway, Poland, Romania and others.
UGI CORPORATION 
