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UGI Corp's (UGI) Q1 Earnings Beat Estimates, Revenues Miss
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UGI Corporation (UGI - Free Report) delivered first-quarter fiscal 2020 adjusted earnings $1.17 per share, which beat the Zacks Consensus Estimate of $1.02 by 14.7%. The bottom line increased 44.4% from the prior-year quarter’s figure of 81 cents.
The company generated GAAP earnings of $1 in the reported quarter compared with the year-ago quarter’s GAAP earnings of 36 cents.
Revenues
Revenues of $2,006.6 million in the quarter missed the Zacks Consensus Estimate of $2,111 million by 4.9%. The top line declined 8.7% from the year-ago quarter’s figure of $2,200.2 million.
AmeriGas Propane: The segment generated revenues of $730.4 million in the quarter under review, down 11% from year-ago quarter’s tally.
UGI International: This segment generated revenues of $651.4 million, down 8.3% from year-ago quarter’s figure.
Midstream & Marketing: This segment generated revenues of $372.5 million in the quarter under review, down 19% from year-ago quarter’s figure
UGI Utilities: This segment generated revenues of $329.3 million in the quarter under review, up from year-ago quarter’s reported figure of $322.7 million.
Corporate & Other: This segment incurred a loss of $77 million narrower than a loss of $112.8 million incurred in fiscal first-quarter 2019.
Operational Highlights
Despite weather that was 10.3% warmer than normal and 2.7% warmer than the prior-year period, LPG retail volume increased 3.7% year over year or 246.4 million gallons reflecting strong bulk volumes associated with crop drying.
Total interest expenses amounted to $84.1 million, up 39.7% from the prior-year quarter’s tally.
On October 11, 2019, Gas Utility's new base rates went into effect. In the quarter under review, Auburn IV expansion completed and placed into service on Nov 1.
MDU Resources Group Inc. (MDU - Free Report) delivered fourth-quarter 2019 operating earnings of 47 cents per share, which increased 20.5% from the year-ago quarter’s level.
Xcel Energy (XEL - Free Report) posted fourth-quarter 2019 operating earnings of 56 cents per share, which beat the Zacks Consensus Estimate of 53 cents by 5.6%.
CMS Energy Corporation (CMS - Free Report) reported fourth-quarter 2019 adjusted earnings of 68 cents, which missed the Zacks Consensus Estimate of 69 cents.
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UGI Corp's (UGI) Q1 Earnings Beat Estimates, Revenues Miss
UGI Corporation (UGI - Free Report) delivered first-quarter fiscal 2020 adjusted earnings $1.17 per share, which beat the Zacks Consensus Estimate of $1.02 by 14.7%. The bottom line increased 44.4% from the prior-year quarter’s figure of 81 cents.
The company generated GAAP earnings of $1 in the reported quarter compared with the year-ago quarter’s GAAP earnings of 36 cents.
Revenues
Revenues of $2,006.6 million in the quarter missed the Zacks Consensus Estimate of $2,111 million by 4.9%. The top line declined 8.7% from the year-ago quarter’s figure of $2,200.2 million.
UGI Corporation Price, Consensus and EPS Surprise
UGI Corporation price-consensus-eps-surprise-chart | UGI Corporation Quote
Segment Revenues
AmeriGas Propane: The segment generated revenues of $730.4 million in the quarter under review, down 11% from year-ago quarter’s tally.
UGI International: This segment generated revenues of $651.4 million, down 8.3% from year-ago quarter’s figure.
Midstream & Marketing: This segment generated revenues of $372.5 million in the quarter under review, down 19% from year-ago quarter’s figure
UGI Utilities: This segment generated revenues of $329.3 million in the quarter under review, up from year-ago quarter’s reported figure of $322.7 million.
Corporate & Other: This segment incurred a loss of $77 million narrower than a loss of $112.8 million incurred in fiscal first-quarter 2019.
Operational Highlights
Despite weather that was 10.3% warmer than normal and 2.7% warmer than the prior-year period, LPG retail volume increased 3.7% year over year or 246.4 million gallons reflecting strong bulk volumes associated with crop drying.
Total interest expenses amounted to $84.1 million, up 39.7% from the prior-year quarter’s tally.
On October 11, 2019, Gas Utility's new base rates went into effect. In the quarter under review, Auburn IV expansion completed and placed into service on Nov 1.
Zacks Rank
UGI currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Releases
MDU Resources Group Inc. (MDU - Free Report) delivered fourth-quarter 2019 operating earnings of 47 cents per share, which increased 20.5% from the year-ago quarter’s level.
Xcel Energy (XEL - Free Report) posted fourth-quarter 2019 operating earnings of 56 cents per share, which beat the Zacks Consensus Estimate of 53 cents by 5.6%.
CMS Energy Corporation (CMS - Free Report) reported fourth-quarter 2019 adjusted earnings of 68 cents, which missed the Zacks Consensus Estimate of 69 cents.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>