UGI Corporation ( UGI Quick Quote UGI - Free Report) reported fourth-quarter fiscal 2020 adjusted loss of 14 cents per share, narrower than the Zacks Consensus Estimate of a loss of 33 cents. In the year-ago quarter, the company reported a loss of 37 cents per share. It generated GAAP earnings of 5 cents per share for the reported quarter against the year-ago quarter’s GAAP loss of 27 cents. Revenues
Revenues of $1,124.3 million for the fiscal fourth quarter missed the Zacks Consensus Estimate of $1,249 million by 10%. The top line also declined 2.3% from the year-ago figure of $1,150 million.
Segmental Revenues AmeriGas Propane: Revenues of $398 million for the quarter under review were down 3.2% from the year-ago number. UGI International: Revenues summed $401 million, up 2.6% from the year-ago figure. Midstream & Marketing: Revenues of $230 million for the reported quarter fell 6.9% year over year. UGI Utilities: Revenues of $129 million were down 3% from the year-ago reported figure. Corporate & Other: This segment incurred a loss of $34 million, wider than the loss of $32 million in fourth-quarter fiscal 2019. Highlights of the Release
AmeriGas Propane increased total investment in the LPG business transformation project to $200 million and the company expects to realize $140 million in permanent annual benefits by fiscal 2022-end.
UGI Utilities invested $348 million of capital, and added nearly 12,000 residential and commercial heating customers in fiscal 2020. This is likely to have a positive impact on the top line in fiscal 2021. Total interest expenses of $75 million were down 1.3% from the prior-year figure. Guidance
The company initiated its fiscal 2021 adjusted earnings per share guidance of $2.65-$2.95. The midpoint of the guided range is nearly 12% higher than UGI Corp.’s fiscal 2020 adjusted earnings per share of $2.67. The Zacks Consensus Estimate for fiscal 2021 earnings is currently pegged at $2.86 per share, which exceeds the midpoint of the above guided range.
UGI Corp. expects to invest $430 million in fiscal 2021. Zacks Rank
UGI Corp. currently has a Zacks Rank #3 (Hold). You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Other Releases National Fuel Gas Company ( NFG Quick Quote NFG - Free Report) posted fourth-quarter fiscal 2020 operating earnings of 40 cents per share, which beat the Zacks Consensus Estimate of 34 cents by 17.7%. MDU Resources Group Inc. ( MDU Quick Quote MDU - Free Report) reported third-quarter 2020 operating earnings of 76 cents per share, which increased 11.8% from the year-ago level. ONE Gas Inc. ( OGS Quick Quote OGS - Free Report) reported third-quarter 2020 earnings of 39 cents per share, which beat the Zacks Consensus Estimate of 36 cents by 8.3% These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early. See the 5 high-tech stocks now>>