UGI CORPORATION Reports FY2023 Q3 Earnings Results on June 30 2023
August 25, 2023
🌥️Earnings Overview
UGI CORPORATION ($NYSE:UGI) reported their Q3 FY2023 earnings results on June 30 2023. Revenue for the quarter saw a decrease of 18.4% year-over-year, amounting to USD 1659.0 million. Net income for the quarter was a loss of USD 789.0 million compared to a loss of USD 7.0 million in the same period last year.
Price History
On Thursday, June 30 2023, UGI CORPORATION reported its third quarter financial results for FY2023. The stock opened at $26.1 and closed at $25.3, a 5.3% drop from the previous closing price of $26.8. The decline in the stock price was mainly due to the company’s Q3 results which were lower than anticipated. In terms of guidance for the remainder of the fiscal year, UGI CORPORATION provided weak outlooks for both revenue and profits.
Overall, investors were disappointed with UGI CORPORATION’s Q3 earnings results and the weak outlook provided by the company. Shareholders will be hoping for a better showing in the next fiscal quarter and remain cautiously optimistic about the future of the company. 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 |
| 9.46k | -1.39k | -15.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ugi Corporation. More…
| Operations | Investing | Financing |
| 740 | -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 |
| 16.43k | 11.21k | 24.87 |
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 |
| 12.8% | 39.6% | -14.4% |
| FCF Margin | ROE | ROA |
| -1.3% | -16.3% | -5.2% |
Analysis
At GoodWhale, we have conducted an analysis of UGI Corporation’s financials in order to determine what type of investors may be interested in this company. The results of our analysis show that UGI CORPORATION is strong in dividend, medium in profitability and weak in asset growth. Based on these results, UGI CORPORATION is classified as a ‘cow’, meaning that it has the track record of paying out consistent and sustainable dividends. Additionally, UGI CORPORATION has an intermediate health score of 6/10 with regard to its cashflows and debt, which indicates that it may be able to pay off debt and fund future operations. Therefore, we conclude that UGI CORPORATION may be an attractive option for investors who are looking for a steady and consistent source of income. 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
Investors in UGI Corporation should be aware that the company’s total revenue decreased 18.4% for the third quarter of FY2023 compared to the same period in the previous year. Furthermore, the company reported a net loss of USD 789.0 million compared to a loss of USD 7.0 million in the prior year. These results have had a negative effect on the stock price, dropping on the same day. Investors should closely monitor UGI Corporation’s financial performance before investing in the company, as it could be a risky proposition.
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