UGI Corporation

UGI Corporation reported an adjusted diluted loss of $0.20 per share for its fiscal 2026 third quarter, compared to a loss of $0.01 in the prior-year period, while reaffirming full-year adjusted diluted EPS guidance of $2.75 to $2.90. Total reportable segment EBIT fell to $58 million from $72 million a year earlier, driven by warmer weather and customer attrition at AmeriGas, partially offset by a 33% increase in Utilities segment EBIT to $40 million from higher gas base rates. AmeriGas posted a $53 million EBIT loss as retail gallons declined 10% to 124 million, though management highlighted a 2% year-to-date net attrition rate, the lowest in several years, and expects to resume cash distributions to the parent in fiscal 2027. UGI International EBIT was $41 million, down from $43 million, as lower volumes from divestitures were partially offset by higher unit margins, and the company noted a recent take-private transaction for a European competitor reinforces the value of its international platform. The company also announced a pending $65 million two-step gas rate increase settlement, with $40 million effective October 2026 and $25 million in October 2027, and reported consolidated leverage of 3.8x with AmeriGas leverage at 4.3x, its lowest in 10 years.

UGI Corporation reported a fiscal third-quarter adjusted loss of 20 cents per share, beating the Zacks Consensus Estimate of a loss of 35 cents, while revenue of $1.33 billion missed the $1.55 billion estimate. The adjusted loss widened from a loss of 1 cent per share a year ago, and GAAP loss per share was 62 cents compared with a loss of 76 cents in the prior-year quarter. Lower propane volumes pressured results, with retail gallons sold falling 10% at both AmeriGas Propane and UGI International. The company reaffirmed its fiscal 2026 adjusted EPS guidance of $2.75 to $2.90, and a recommended $65 million Pennsylvania gas rate settlement is pending regulatory approval.