Categories AlphaGraphs, Earnings, Energy
UGI Earnings: Highlights of UGI Corporation’s Q1 2023 financial results
UGI Corporation (NYSE: UGI) on Wednesday announced financial results for the first quarter of 2023, reporting an increase in net revenues.
The Pennsylvania-based company’s adjusted earnings rose sharply to $1.14 per share from $0.93 per share last year. Revenues increased by 3% annually to $2.76 billion.
On a reported basis, UGI posted a net loss of $954 million or $4.54 per share for the first quarter, compared to a loss of $97 million of $0.46 per share in the corresponding period of last year.
“We had a solid start to fiscal 2023 with robust performance from our natural gas businesses and from the growth investments that we have made in recent years, despite the impact of high inflation. In comparison to the prior-year period, we had colder weather in the U.S. and this helped to offset the effects of significantly warmer weather in Europe,” said UGI’s CEO Roger Perreault.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed
