UGI CORPORATION Reports Fourth Quarter Financial Results for FY2023
December 5, 2023
🌥️Earnings Overview
On November 17 2023, UGI CORPORATION ($NYSE:UGI) reported their financial results for the fourth quarter of FY2023, which ended on September 30 2023. Total revenue year-over-year decreased by 27.4% to USD 1404.0 million, and net income dropped by 46.3% to USD 131.0 million.
Share Price
The results were strong and saw the company’s stock open at $22.2 and close at $22.5, representing a 3.8% increase from the prior closing price of $21.7. The strong financial results were attributed to the company’s diversified business model and efficient cost management strategies. Looking ahead, UGI CORPORATION is well-positioned to continue to deliver strong performance in the years to come. The company is confident that its focus on innovation and customer service will continue to propel its growth and increase shareholder value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ugi Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 8.93k | -1.5k | -16.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ugi Corporation. More…
| Operations | Investing | Financing |
| 725 | -1.01k | -51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ugi Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.24k | 10.87k | 20.83 |
Key Ratios Snapshot
Some of the financial key ratios for Ugi Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.8% | 39.6% | -16.3% |
| FCF Margin | ROE | ROA |
| -2.2% | -20.9% | -6.0% |
Analysis
GoodWhale conducted an analysis of UGI CORPORATION‘s financials and concluded that the company is strong in dividend, medium in profitability and weak in asset and growth. After considering some of the key metrics, we classified UGI CORPORATION as a ‘cow’, a type of company which has the track record of paying out consistent and sustainable dividends. Investors who are looking for steady and consistent returns may be interested in such companies. We also rate UGI CORPORATION’s health score as 6/10, which indicates that the company has intermediate health, considering their cashflows and debt, and may be able to sustain future operations in times of crisis. More…
Peers
UGI Corp competes with Chesapeake Utilities Corp, SSE PLC, and Spire Inc in the energy sector. All four companies are engaged in the business of providing energy services, including natural gas, electricity, and propane. All four companies have a presence in the United States, with UGI Corp and Chesapeake Utilities Corp having their headquarters in the US. SSE PLC is headquartered in the UK, while Spire Inc is headquartered in Missouri, US.
– Chesapeake Utilities Corp ($NYSE:CPK)
The company’s market cap is 2.17B as of 2022 and its ROE is 10.92%. The company is a diversified energy delivery company that provides natural gas and electricity to customers in Delaware, Maryland, and Virginia. The company also provides propane gas service in Maryland and Delaware.
– SSE PLC ($LSE:SSE)
SSE PLC is a Scottish electricity company that is headquartered in Perth. The company has a market cap of 16.48B as of 2022 and a Return on Equity of 29.62%. SSE PLC is involved in the generation, transmission, distribution and supply of electricity. The company also has a retail division which supplies gas and electricity to customers in the UK.
– Spire Inc ($NYSE:SR)
Spire Inc. is a publicly traded energy services holding company based in St. Louis, Missouri. The Company, through its subsidiaries, engages in the purchase, sale, and transportation of natural gas in the United States. It operates through two segments: Gas Utility and Gas Marketing. The Gas Utility segment provides retail natural gas service to approximately 547,200 residential, commercial, and industrial customers in Missouri, Alabama, and Mississippi. The Gas Marketing segment purchases, sells, and transports natural gas to electric utilities, local distribution companies, interstate pipelines, producers, and other market participants.
Summary
UGI Corporation recently released its fourth quarter financial results for the fiscal year 2023 and the results were not encouraging. Revenue declined by 27.4% to USD 1404.0 million compared to the same quarter last year, and net income dropped by 46.3% to USD 131.0 million. Despite the weak earnings, the stock price moved up on the news.
Investors may want to take a closer look at UGI Corporation’s financials to determine if now is a good time to invest in it. Further, investors should analyze the company’s long-term prospects, competitive landscape, and strategic initiatives to determine whether it is a suitable investment.
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