UGI Q3 revenue falls on divestiture impact
UGI•Outlook
- UGI reaffirmed fiscal 2026 adjusted diluted EPS guidance of $2.75-$2.90.
- The company expects a $65 million PA Gas Utility rate increase, with the first phase effective October 2026.
- UGI said rising natural gas demand is being driven by economic development and data centers.
Result drivers
- Divestitures impact - UGI International results were negatively affected by divestitures in Italy, Austria and Eastern Europe.
- Lower propane volumes - AmeriGas Propane volumes declined due to warmer April temperatures and continued customer attrition.
- Higher gas base rates - The utilities segment margin grew due to higher gas base rates in Pennsylvania.
Quarterly results
- UGI's fiscal third-quarter revenue declined year over year.
- Adjusted diluted EPS loss widened from the prior year.
- The company reaffirmed fiscal 2026 adjusted EPS guidance.
Key details and analyst view
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