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 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.
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.
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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