Articles from UGI Corporation

Pine Run Gathering LLC (“Pine Run Gathering”) announced today that it has completed a transaction to acquire Superior Midstream Appalachian, LLC (“Superior Appalachian”) for $120 million subject to customary adjustments. Pine Run Gathering is a joint venture owned by a subsidiary of Stonehenge Energy Resources III, LLC (“Stonehenge”), a portfolio company of Energy Spectrum Partners VIII LP, and UGI Corporation’s wholly owned subsidiary, UGI Energy Services, LLC (“UGIES”).

UGI Corporation (NYSEUGI) will announce its Fiscal 2025 first quarter results after the market closes on February 5, 2025. The company will hold a live internet audio webcast of its conference call to discuss these results at 9:00 AM ET on Thursday, February 6.

UGI Corporation (NYSEUGI) announced today that Michael Sharp has been appointed as President of AmeriGas Propane, effective December 30, 2024.

UGI Corporation (NYSEUGI) today reported financial results for the fiscal year ended September 30, 2024 and provided guidance for fiscal year 2025.

The Board of Directors of UGI Corporation (NYSEUGI) has declared a quarterly dividend of $0.375 per share of the Company’s common stock. The dividend is payable January 1, 2025, to shareholders of record as of December 16, 2024.

UGI Corporation (NYSEUGI), an international distributor and marketer of energy products and services, today announced its designation as a Champion of Board Diversity by The Forum of Executive Women (“The Forum).

UGI Corporation (NYSEUGI) will announce the results of its fiscal year 2024 earnings after the market closes on November 21, 2024. The company will hold a live internet audio webcast of its conference call to discuss the fiscal year 2024 results, its financial outlook and other business updates at 9:00 AM ET on Friday, November 22.

UGI Corporation (NYSEUGI) announced that UGI’s Board of Directors appointed Robert C. Flexon as President and Chief Executive Officer, effective November 1, 2024. Mr. Flexon will replace Mario Longhi, UGI’s Chair who has served as Interim President and Chief Executive Officer since December 2023. Mr. Longhi will be resuming his role as an independent director and will serve as non-executive chair of UGI’s Board of Directors. In addition to his role as President and Chief Executive Officer, Mr. Flexon will serve on the Company’s Board of Directors.

UGI Corporation (NYSEUGI) announced today that Melanie Ruiz and David Bingenheimer were appointed as directors of UGI Corporation, effective November 1, 2024.

UGI Corporation (NYSEUGI) announced today that Tina Faraca was elected a director of UGI Corporation, effective August 7, 2024. Ms. Faraca is the Executive Vice President and President, U.S. Natural Gas Pipelines, for TC Energy Corporation (TSX, NYSE: TRP), a North American energy infrastructure company that safely moves, generates and stores energy, and she is responsible for leading commercial and operational matters across TC Energy’s regulated natural gas transmission and storage business. Ms. Faraca joined TC Energy in 2020.

UGI Corporation (NYSEUGI) today reported financial results for the fiscal quarter ended June 30, 2024.

The Board of Directors of UGI Corporation (NYSEUGI) has declared a quarterly dividend of $0.375 per share of the Company’s common stock. The dividend is payable October 1, 2024, to shareholders of record as of September 16, 2024.

UGI Corporation (NYSEUGI) (the “Company”) today released its 2023 environmental, social and governance (ESG) report titled, The Journey: Managing Climate Risks and Opportunities, which outlines the Company’s progress on all aspects of its ESG journey. UGI is pleased to report that it has achieved a 50% reduction in Scope I (direct) emissions1 and is on track to meet its commitment of a 55% reduction by the end of fiscal 2025. Additionally, UGI has met its commitment to improve spend with diverse Tier I and Tier II suppliers by 25% by fiscal 2025 – a full two years ahead of schedule.

UGI Corporation (NYSEUGI) will announce the results of its third fiscal quarter earnings after the market closes on August 7, 2024. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Thursday, August 8.

UGI Corporation (NYSEUGI) (the “Company”) announced today the early tender results for the previously announced cash tender offer (the “Offer”) by its subsidiaries, AmeriGas Partners, L.P. (“AmeriGas Partners”) and AmeriGas Finance Corp. (together with AmeriGas Partners, the “Offerors”) for the Offerors’ 5.500% Senior Notes due 2025 (the “Notes”). In connection with the foregoing, the Offerors are also increasing the maximum aggregate principal amount of the Notes that they will accept for purchase from the previously announced amount of $450,000,000 to $475,000,000 (as amended herein, the “Tender Cap”).

UGI Corporation (NYSEUGI) announced today that its subsidiaries, AmeriGas Partners, L.P. (“AmeriGas Partners”) and AmeriGas Finance Corp. (together with AmeriGas Partners, the “Offerors”), have commenced an offer to purchase for cash up to $450,000,000 of the outstanding aggregate principal amount of the Offerors’ 5.500% Senior Notes due 2025 (the “Notes”), upon terms and subject to the conditions set forth in the Offer to Purchase, dated June 11, 2024 (as may be amended or supplemented from time to time, the “Offer to Purchase”) (the “Offer”).

UGI Corporation (NYSEUGI) (The “Company” or “UGI”) today announced the pricing of its offering of $610,000,000 aggregate principal amount of 5.00% convertible senior notes due 2028 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $600,000,000 aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on June 11, 2024, subject to customary closing conditions. UGI also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $90,000,000 principal amount of notes.

UGI Corporation (NYSEUGI) (The “Company” or “UGI”) today announced its intention to offer, subject to market and other conditions, $600,000,000 aggregate principal amount of convertible senior notes due 2028 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). UGI also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $90,000,000 principal amount of notes.

UGI Corporation (NYSEUGI) (the “Company”) announced today the unsuccessful final remarketing of its 0.125% Series A Cumulative Perpetual Convertible Preferred Stock, without par value, with a liquidation preference of $1,000 per share (the “Convertible Preferred Stock”), originally issued on May 25, 2021 as part of Company’s corporate units (the “Corporate Units”), and the settlement rate of the purchase contracts that form part of Corporate Units. As of the date of this release, 2,200,000 Corporate Units were outstanding, each consisting of one purchase contract (each, a “Purchase Contract”) and a 10% undivided beneficial interest in one share of Convertible Preferred Stock.

UGI Corporation (NYSEUGI) (The “Company”) announced today the period beginning on May 23, 2024 and ending on, and including, May 30, 2024, as the final remarketing period for its 0.125% Series A Cumulative Perpetual Convertible Preferred Stock, without par value, with a liquidation preference of $1,000 per share (the “Convertible Preferred Stock”), originally issued on May 25, 2021 as part of Company’s equity units. No assurance can be given that the Convertible Preferred Stock will be successfully remarketed during the final remarketing period.

The Board of Directors of UGI Corporation (NYSEUGI) has declared a quarterly dividend of $0.375 per share of the Company’s common stock. The dividend is payable July 1, 2024, to shareholders of record as of June 14, 2024. UGI has paid common dividends for 140 consecutive years.

UGI Corporation (NYSEUGI) today reported financial results for the fiscal quarter ended March 31, 2024 and announced that its Board has unanimously decided to conclude the strategic review of its LPG businesses, which was primarily focused on AmeriGas Propane.

UGI Corporation (NYSEUGI) will announce the results of its second fiscal quarter earnings after the market closes on May 1, 2024. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Thursday, May 2.

UGI Corporation (NYSEUGI) today reported financial results for the fiscal quarter ended December 31, 2023.

The Board of Directors of UGI Corporation (NYSEUGI) has declared a quarterly dividend of $0.375 per share of the Company’s common stock. The dividend is payable April 1, 2024, to shareholders of record as of March 15, 2024. UGI has paid common dividends for 139 consecutive years and raised its dividend in each of the last 36 years.

UGI Corporation (NYSEUGI) will announce the results of its first fiscal quarter earnings after the market closes on January 31, 2024. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Thursday, February 1.

UGI Corporation (NYSEUGI) (the “Company”) announced today that Mario Longhi, incoming Chair of the Board of Directors, has been named interim Chief Executive Officer. Roger Perreault has stepped down as President and Chief Executive Officer and as a member of the Board, effective immediately.

UGI Corporation (NYSEUGI) reported financial results for the fiscal year ended September 30, 2023 and provided guidance for fiscal year 2024.

The Board of Directors of UGI Corporation (NYSEUGI) has declared a quarterly dividend of $0.375 per share of the Company’s common stock. The dividend is payable January 1, 2024, to shareholders of record as of December 15, 2023. UGI has paid common dividends for 139 consecutive years and raised its dividend in each of the last 36 years.

UGI Corporation (NYSEUGI) announced today that Jason Rich has been appointed Vice President and Treasurer, effective immediately.

UGI Corporation (NYSEUGI) will announce the results of its fiscal year 2023 earnings after the market closes on November 16, 2023. The company will hold a live internet audio webcast of its conference call to discuss the fiscal year 2023 results, its financial outlook and other business updates at 9:00 AM ET on Friday, November 17.

UGI Corporation (NYSEUGI) announced today that Frank S. Hermance intends to retire from its Board at the annual shareholder meeting to be held in January 2024. Hermance’s decision complies with the mandatory retirement age set forth in UGI’s corporate governance documents. Mario Longhi has been nominated to succeed Hermance as Chair of the Board.

UGI Corporation (NYSEUGI) announced today that Santiago Seage was elected a director of UGI Corporation, effective September 18, 2023. Mr. Seage is the Chief Executive Officer of Atlantica Sustainable Infrastructure plc NASDAQ: AYNASDAQAY)

UGI Corporation (NYSEUGI) announced today that its Board of Directors has initiated a process to evaluate potential strategic alternatives with the intent to unlock and maximize shareholder value. In consultation with financial and legal advisors, the strategic review, focused on the LPG businesses, will consider a range of strategic, operational and financial alternatives. The company is exploring a full range of options with the goal of reducing UGI’s earnings volatility and strengthening its balance sheet. Embedded within the review will also be actions to optimize the company's cost structure and re-align its capital allocation priorities.

Under SEGMENT RESULTS, the third bullet point of the AmeriGas Propane section of release dated August 2, 2023, should read: Total margin increased $36 million largely attributable to higher LPG unit margins ($44 million), partially offset by the impact of lower retail volumes. (instead of: Total margin increased $5 million primarily due to the increase in our PA Gas Utility base rates and reflects benefits from the Distribution System Improvement Charge (DSIC) and Infrastructure Replacement and Expansion Program (IREP).  The effect of the warmer weather was offset by the weather normalization adjustment.).

The Board of Directors of UGI Corporation (NYSEUGI) has declared a quarterly dividend of $0.375 per share of the Company’s common stock. The dividend is payable October 1, 2023, to shareholders of record as of September 15, 2023. UGI has paid common dividends for 139 consecutive years and raised its dividend in each of the last 36 years.

UGI Corporation (NYSEUGI) will announce the results of its third fiscal quarter earnings after the market closes on August 2, 2023. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Thursday, August 3.

UGI Corporation (NYSEUGI) announced today that Kathleen Shea Ballay has been appointed General Counsel and Chief Legal Officer, UGI Corporation effective on June 12. Monica Gaudiosi is retiring as UGI’s Vice President, General Counsel, and Secretary, but will remain with the Company until mid-July to assist with the transition.

UGI Corporation (NYSEUGI) announced today that its subsidiaries, AmeriGas Partners, L.P. (“AmeriGas Partners”) and AmeriGas Finance Corp., (together with AmeriGas Partners, the “Offerors”) have received, as of 5:00 p.m., New York City time, on May 26, 2023 (the “Expiration Time”), tenders from holders of $639,774,000 in aggregate principal amount (excluding tenders through guaranteed delivery procedures), representing approximately 94.78%, of the Offerors’ 5.625% Senior Notes due 2024 (CUSIP: 030981 AH7) (the “2024 Notes”), in connection with its previously announced tender offer (the “Tender Offer”), which commenced on May 22, 2023 and is described in the Offer to Purchase, dated May 22, 2023, and the related Letter of Transmittal and Notice of Guaranteed Delivery (the “Offer Documents”).

UGI Corporation (NYSEUGI) announced today that its subsidiaries, AmeriGas Partners, L.P. (“AmeriGas Partners”) and AmeriGas Finance Corp. (together with AmeriGas Partners, the “Issuers”) priced their offering of $500,000,000 in aggregate principal amount of 9.375% senior notes due 2028 (the “Notes”) in an offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States in compliance with Regulation S under the Securities Act.

UGI Corporation (NYSEUGI) announced today that its subsidiaries, AmeriGas Partners, L.P. (“AmeriGas Partners”) and AmeriGas Finance Corp., (together with AmeriGas Partners, the “Offerors”) have commenced an offer to purchase for cash any and all of the Offerors’ outstanding 5.625% Senior Notes due 2024 (the “2024 Notes”), upon terms and subject to the conditions set forth in the Offer to Purchase, dated May 22, 2023, and the related Letter of Transmittal and Notice of Guaranteed Delivery (the "Offer").

UGI Corporation (NYSEUGI) announced today that its subsidiaries, AmeriGas Partners, L.P. (“AmeriGas Partners”) and AmeriGas Finance Corp. (together with AmeriGas Partners, the “Issuers”), intend to offer, subject to market and other conditions, $500,000,000 in aggregate principal amount of senior notes due 2028 (the “Notes”) in an offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States in compliance with Regulation S under the Securities Act.

UGI Corporation (NYSEUGI) today reported financial results for the fiscal quarter ended March 31, 2023.

The Board of Directors of UGI Corporation (NYSEUGI) has declared a quarterly dividend of $0.375 per share of the Company’s common stock, representing a 4.2% increase. The dividend is payable July 1, 2023, to shareholders of record as of June 15, 2023.

UGI Corporation (NYSEUGI) will announce the results of its second fiscal quarter earnings after the market closes on May 3, 2023. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Thursday, May 4.

UGI Corporation (NYSEUGI) announced today that Sean P. O’Brien will succeed Ted Jastrzebski as Chief Financial Officer (CFO), effective on April 11. Jastrzebski has announced his intent to retire but will remain with the Company until early June to complete key projects and ensure a smooth transition.

UGI Corporation (NYSEUGI) announced today that James B. Stallings, Jr. will resign from the UGI Board of Directors for personal reasons effective March 31, 2023.

UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI Corporation (NYSEUGI), and Archaea Energy Inc. (“Archaea”), a subsidiary of bp NYSE: BPNYSEBP)

UGI Corporation (NYSEUGI) today reported financial results for the fiscal quarter ended December 31, 2022.

The Board of Directors of UGI Corporation (NYSEUGI) has declared a quarterly dividend of $0.36 per share of the Company’s common stock. The dividend is payable April 1, 2023 to shareholders of record as of March 15, 2023. UGI has paid common dividends for 138 consecutive years and raised its dividend in each of the last 35 years.

UGI Corporation (NYSEUGI) announced today that in December 2022 it received a rating upgrade to AAA in the 2022 MSCI environmental, social and governance (ESG) ratings assessment. According to MSCI, UGI performed in the top 7%1 of all peer companies evaluated globally in 2022, for actions across ESG matters. This reflects UGI’s robust governance practices, ongoing dedication to the health and safety of our employees and the customers we serve, and environmental strategies to manage emissions.

UGI Corporation (NYSEUGI) will announce the results of its first fiscal quarter earnings after the market closes on February 1, 2023. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Thursday, February 2.

UGI Corporation (NYSEUGI) announced today that MBL Bioenergy has entered an agreement to develop its second and third clusters of dairy manure waste to renewable natural gas (“RNG”) projects in South Dakota. In total, these additional projects will represent approximately $150 million of investment by MBL Bioenergy, of which 100% of the funds will be provided by UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI. MBL Bioenergy is a joint venture partnership between UGIES, Sevana Bioenergy and a subsidiary of California Bioenergy (“CalBio”) with the sole purpose of developing RNG projects in South Dakota.

UGI Corporation (NYSEUGI) announced today that it no longer expects to sell its French energy marketing business in the first quarter of Fiscal 2023, as extended negotiations with the potential buyer have been discontinued. The delay in exiting this business will not have an impact on our previously announced Fiscal 2023 adjusted diluted EPS guidance of $2.85 - $3.15.

UGI Corporation (NYSEUGI) announced today that Robert F. Beard has been appointed Chief Operations Officer (COO) reporting to UGI’s President and Chief Executive Officer, Roger Perreault, effective immediately.

UGI Corporation (NYSEUGI) reported financial results for the fiscal year ended September 30, 2022 and provided guidance for fiscal year 2023.

The Board of Directors of UGI Corporation (NYSEUGI) has declared a quarterly dividend of $0.36 per share of the Company’s common stock. The dividend is payable January 1, 2023 to shareholders of record as of December 15, 2022. UGI has paid common dividends for 138 consecutive years and raised its dividend in each of the last 35 years.

UGI Corporation (NYSEUGI) announced today that Cayuga RNG has entered into an agreement to develop its fifth project to produce renewable natural gas (“RNG”) in upstate New York. Cayuga RNG is a joint venture of UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI, and Global Common Ventures, LLC (“GCV”).

UGI Corporation (NYSEUGI) announced today that it has entered into an agreement to divest of its energy marketing business in the United Kingdom (UK) to British Gas, for an undisclosed amount, effective on October 21, 2022. At the date of the agreement, this business that was operated as AvantiGas ON, supplied natural gas to approximately 13,000 business meter points on the gas grid in the UK.

UGI Corporation (NYSEUGI) will announce the results of its fiscal year 2022 earnings after the market closes on November 17. The company will hold a live internet audio webcast of its conference call to discuss the fiscal year 2022 results, key strategic priorities for fiscal 2023, its financial outlook and other business updates. The live webcast will take place at 9:00 AM ET on Friday, November 18.

UGI Corporation (NYSEUGI) announced today that John L. Walsh will retire from the UGI Board at the annual meeting of shareholders to be held in January 2023.

UGI Corporation (NYSEUGI) announced today that Cayuga RNG has entered into an agreement to develop its fourth project to produce renewable natural gas (“RNG”) in upstate New York. Cayuga RNG is a joint venture of UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI, and Global Common Ventures, LLC (“GCV”).

UGI Corporation (NYSEUGI) today reported financial results for the fiscal quarter ended June 30, 2022.

The Board of Directors of UGI Corporation (NYSEUGI) has declared a quarterly dividend of $0.36 per share of the company’s common stock. The dividend is payable October 1, 2022 to shareholders of record as of September 15, 2022. UGI has paid common dividends for 138 consecutive years and raised its dividend in each of the last 35 years.

UGI Corporation (NYSEUGI) will announce the results of its third fiscal quarter earnings after the market closes on August 3. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Thursday, August 4.

In partnership with the National Propane Gas Association (NPGA), UGI Corporation (NYSEUGI) is pleased to announce that Michelle Bimson Maggi, Vice President of Law – AmeriGas, has been appointed the first woman to chair NPGA. AmeriGas Propane (“AmeriGas”), the nation’s largest retail propane marketer, is a subsidiary of UGI Corporation.

UGI Corporation (NYSEUGI) (“The Company”) today announced that it has achieved a 35% reduction in Scope I (direct) emissions and is on track to meet its commitment of a 55% reduction by the end of fiscal 2025. The Company has also approved more than $200 million for investment in renewable solutions to date, and is on track to meet its commitment to invest over $1 billion by 2025.

UGI Corporation (NYSEUGI) today reported financial results for the fiscal quarter ended March 31, 2022.

The Board of Directors of UGI Corporation (NYSEUGI) has declared a quarterly dividend of $0.36 per share of the company’s common stock, representing a 4.3% increase. The dividend is payable July 1, 2022 to shareholders of record as of June 15, 2022.

UGI Corporation (NYSEUGI) announced today that its subsidiary, UGI Energy Services, LLC, acquired a 33% equity interest in Ag-Grid Energy LLC (“Ag-Grid”), a renewable energy producer with projects in the United States. Ag-Grid currently develops and operates small scale renewable power projects that support local energy demands while lowering emissions.

UGI Corporation (NYSEUGI) will announce the results of its second fiscal quarter earnings after the market closes on May 4. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Thursday, May 5.

UGI Corporation (NYSEUGI) announced today that its subsidiary, AmeriGas Propane (“AmeriGas”), the nation’s largest retail propane marketer, has entered into an agreement with Global Clean Energy Holdings, Inc. (OTCQX: GCEH) to purchase and distribute renewable LPG. AmeriGas will leverage its supply and logistics infrastructure and sales and marketing teams to market and distribute renewable LPG to new and existing customers primarily in the state of California.

Pennant Midstream, LLC (“Pennant”), announced that the company has signed a series of agreements throughout 2021 with a subsidiary of Energy Developments Pty Ltd (“EDL”) headquartered in Brisbane, Australia to accept delivery of renewable natural gas (“RNG") into its natural gas gathering system. Pennant is a partnership between UGI Energy Services, LLC (“UGIES”), which is a subsidiary of UGI Corporation (NYSEUGI), Harvest Midstream I, L.P, and a subsidiary of Williams Companies.

UGI Corporation (NYSEUGI) today reported financial results for the fiscal quarter ended December 31, 2021.

The Board of Directors of UGI Corporation (NYSEUGI) has declared a quarterly dividend of $0.345 per share of the company’s common stock. The dividend is payable April 1, 2022 to shareholders of record as of March 15, 2022. UGI has paid common dividends for 137 consecutive years and raised its dividend in each of the last 34 years.