UGI Corporation (UGI - Free Report) reported first-quarter fiscal 2019 adjusted earnings of 81 cents per share, which missed the Zacks Consensus Estimate of $1.12 by 27.68%. The bottom line declined 19.8% from the prior-year quarter’s tally of $1.01.
Excluding one-time items, the company reported GAAP earnings of 36 cents per share in the reported quarter compared with the year-ago quarter’s figure of $2.07.
Revenues
Revenues of $2,200.2 million in the quarter under review surpassed the Zacks Consensus Estimate of $2,043 million by 7.68%. Also, the top line improved 3.5% from the year-ago quarter’s figure of $2,125.2 million.
Operational Highlights
Total operating income in the quarter under review was $167.7 million compared with $395 million in the year-ago quarter.
Total interest expenses amounted to $60.2 million, up 3.4% from the prior-year quarter’s tally.
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.
Recent Utility Releases
Dominion Energy Inc. (D - Free Report) reported fourth-quarter 2018 operating earnings of 89 cents per share, which lagged the Zacks Consensus Estimate of 91 cents by 2.2%.
National Fuel Gas Co. (NFG - Free Report) posted first-quarter fiscal 2019 operating earnings of $1.12 per share, which beat the Zacks Consensus Estimate of $1.07 by 4.7%.
Xcel Energy Inc. (XEL - Free Report) posted fourth-quarter 2018 operating earnings of 42 cents per share, in line with the Zacks Consensus Estimate.
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UGI Corporation (UGI - Free Report) reported first-quarter fiscal 2019 adjusted earnings of 81 cents per share, which missed the Zacks Consensus Estimate of $1.12 by 27.68%. The bottom line declined 19.8% from the prior-year quarter’s tally of $1.01.
Excluding one-time items, the company reported GAAP earnings of 36 cents per share in the reported quarter compared with the year-ago quarter’s figure of $2.07.
Revenues
Revenues of $2,200.2 million in the quarter under review surpassed the Zacks Consensus Estimate of $2,043 million by 7.68%. Also, the top line improved 3.5% from the year-ago quarter’s figure of $2,125.2 million.
Operational Highlights
Total operating income in the quarter under review was $167.7 million compared with $395 million in the year-ago quarter.
Total interest expenses amounted to $60.2 million, up 3.4% from the prior-year quarter’s tally.
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.
Recent Utility Releases
Dominion Energy Inc. (D - Free Report) reported fourth-quarter 2018 operating earnings of 89 cents per share, which lagged the Zacks Consensus Estimate of 91 cents by 2.2%.
National Fuel Gas Co. (NFG - Free Report) posted first-quarter fiscal 2019 operating earnings of $1.12 per share, which beat the Zacks Consensus Estimate of $1.07 by 4.7%.
Xcel Energy Inc. (XEL - Free Report) posted fourth-quarter 2018 operating earnings of 42 cents per share, in line with the Zacks Consensus Estimate.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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