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UGI's Q1 Earnings and Sales Lower Than Estimates, New Storage Online
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Key Takeaways
UGI reported Q1 EPS of $1.26 and revenue of $2.08B, both missing estimates, with EPS down year over year.
UGI's EBIT fell 11%, and interest expense rose, while the company filed new gas rate cases seeking $126M.
UGI brought the New Carlisle LNG storage and vaporization facility online in Q1 and invested $225M.
UGI Corporation (UGI - Free Report) reported a fiscal first-quarter 2026 earnings of $1.26 per share, which missed the Zacks Consensus Estimate of $1.50 by 16%. The bottom line also decreased 8.03% from $1.37 per share in the year-ago quarter.
GAAP earnings per share in the fiscal first quarter of 2026 were $1.34 compared with $1.74 in the year-ago quarter.
Total Revenues of UGI
Revenues of $2.08 billion missed the Zacks Consensus Estimate of $2.13 billion by 2.07%. The top line increased 2.61% from the year-ago quarter’s $2.03 billion.
UGI’s earnings before interest expense and income tax for the fiscal first quarter of 2026 were $462 million, a 11% decline from $519 million in the year-ago quarter.
UGI’s interest expenses were $111 million, a 8.82% increase from $102 million in the year-ago quarter.
UGI filed new gas base rate cases for UGI Utilities and Mountaineer Gas subsequent to the quarter, requesting overall distribution rate increases of $99 million and $27 million, respectively.
In January 2026, the company entered into definitive agreements for the divestiture of the LPG businesses in the Czech Republic, Hungary, Poland, Slovakia and Romania for an enterprise value of nearly $56.59 ( €48 ) million. Since fiscal 2025, UGI International entered into divestiture agreements of its LPG operations in seven countries, generating $215 million in cash proceeds.
UGI invested $225 million in the fiscal first quarter of 2026, with 73% invested in the regulated utilities businesses.
In the fiscal first quarter of 2026, New Carlisle LNG storage and vaporization facility started its operation.
UGI’s Segmental Results
AmeriGas Propane: Earnings before interest expense and income taxes (EBIT) of $72 million in the fiscal first quarter of 2026 were down 2.70% from the year-ago level.
UGI International: Earnings before interest expense and income tax of $124 million in the fiscal first quarter of 2026 were up 12.7% from the year-ago level.
Midstream & Marketing: EBIT of $88 million in the fiscal first quarter of 2026 declined 7.37% from the year-ago level.
UGI Utilities: EBIT of $157 million in the fiscal first quarter of 2026 rose 10.2% from the year-ago level.
ONE Gas, Inc. (OGS - Free Report) is scheduled to report fourth-quarter results on Feb. 18. The Zacks Consensus Estimate for earnings is pegged at $1.42 per share, which indicates a year-over-year increase of 5.97%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $675.21 million, which suggests year-over-year growth of 7.06%.
Clean Energy Fuels (CLNE - Free Report) is scheduled to report fourth-quarter results on Feb. 24. The Zacks Consensus Estimate for earnings is pegged at 3 cents per share, which indicates a year-over-year fall of 250.0%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $92.38 million, which suggests a year-over-year decline of 15.50%.
Northwest Natural (NWN - Free Report) is scheduled to report fourth-quarter results on Feb. 27. The Zacks Consensus Estimate for earnings is pegged at $1.36 per share, which indicates a year-over-year fall of 3.55%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $394.99 million, which suggests year-over-year growth of 6.50%.
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UGI's Q1 Earnings and Sales Lower Than Estimates, New Storage Online
Key Takeaways
UGI Corporation (UGI - Free Report) reported a fiscal first-quarter 2026 earnings of $1.26 per share, which missed the Zacks Consensus Estimate of $1.50 by 16%. The bottom line also decreased 8.03% from $1.37 per share in the year-ago quarter.
GAAP earnings per share in the fiscal first quarter of 2026 were $1.34 compared with $1.74 in the year-ago quarter.
Total Revenues of UGI
Revenues of $2.08 billion missed the Zacks Consensus Estimate of $2.13 billion by 2.07%. The top line increased 2.61% from the year-ago quarter’s $2.03 billion.
UGI Corporation Price, Consensus and EPS Surprise
UGI Corporation price-consensus-eps-surprise-chart | UGI Corporation Quote
Highlights of UGI’s Q1 Release
UGI’s earnings before interest expense and income tax for the fiscal first quarter of 2026 were $462 million, a 11% decline from $519 million in the year-ago quarter.
UGI’s interest expenses were $111 million, a 8.82% increase from $102 million in the year-ago quarter.
UGI filed new gas base rate cases for UGI Utilities and Mountaineer Gas subsequent to the quarter, requesting overall distribution rate increases of $99 million and $27 million, respectively.
In January 2026, the company entered into definitive agreements for the divestiture of the LPG businesses in the Czech Republic, Hungary, Poland, Slovakia and Romania for an enterprise value of nearly $56.59 ( €48 ) million. Since fiscal 2025, UGI International entered into divestiture agreements of its LPG operations in seven countries, generating $215 million in cash proceeds.
UGI invested $225 million in the fiscal first quarter of 2026, with 73% invested in the regulated utilities businesses.
In the fiscal first quarter of 2026, New Carlisle LNG storage and vaporization facility started its operation.
UGI’s Segmental Results
AmeriGas Propane: Earnings before interest expense and income taxes (EBIT) of $72 million in the fiscal first quarter of 2026 were down 2.70% from the year-ago level.
UGI International: Earnings before interest expense and income tax of $124 million in the fiscal first quarter of 2026 were up 12.7% from the year-ago level.
Midstream & Marketing: EBIT of $88 million in the fiscal first quarter of 2026 declined 7.37% from the year-ago level.
UGI Utilities: EBIT of $157 million in the fiscal first quarter of 2026 rose 10.2% from the year-ago level.
UGI’s 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.
Upcoming Releases
ONE Gas, Inc. (OGS - Free Report) is scheduled to report fourth-quarter results on Feb. 18. The Zacks Consensus Estimate for earnings is pegged at $1.42 per share, which indicates a year-over-year increase of 5.97%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $675.21 million, which suggests year-over-year growth of 7.06%.
Clean Energy Fuels (CLNE - Free Report) is scheduled to report fourth-quarter results on Feb. 24. The Zacks Consensus Estimate for earnings is pegged at 3 cents per share, which indicates a year-over-year fall of 250.0%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $92.38 million, which suggests a year-over-year decline of 15.50%.
Northwest Natural (NWN - Free Report) is scheduled to report fourth-quarter results on Feb. 27. The Zacks Consensus Estimate for earnings is pegged at $1.36 per share, which indicates a year-over-year fall of 3.55%.
The Zacks Consensus Estimate for fourth-quarter sales is pinned at $394.99 million, which suggests year-over-year growth of 6.50%.