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UGI Corporation Q1 Earnings Miss Estimates, Revenues Up Y/Y

UGI CorporationUGI 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

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.

UGI Corporation Price, Consensus and EPS Surprise

UGI Corporation Price, Consensus and EPS Surprise | UGI Corporation Quote

Operational Highlights

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.

Zacks Rank

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 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 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 posted fourth-quarter 2018 operating earnings of 42 cents per share, in line with the Zacks Consensus Estimate.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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