UGI Corporation (NYSE:UGI) delivered second-quarter fiscal 2019 adjusted earnings of $1.43 per share, which missed the Zacks Consensus Estimate of $1.58 by 9.49%. The bottom line declined 15.4% from the prior-year quarter’s figure of $1.69.
Excluding one-time items, the company generated GAAP earnings of $1.38 in the reported quarter compared with the year-ago quarter’s figure of $1.57.
Revenues
Revenues of $2,606 million in the quarter surpassed the Zacks Consensus Estimate of $2,591 million by 0.57%. However, the top line declined 7.3% from the year-ago quarter’s figure of $2,812 million.
UGI Corporation Price, Consensus and EPS Surprise
UGI Corporation Price, Consensus and EPS Surprise | UGI Corporation Quote
Operational Highlights
Total operating income amounted to $538.8 million compared with $591 million in the year-ago quarter.
Total interest expenses amounted to $61 million, up 5% from the prior-year quarter’s tally.
Warmer-than-normal weather during the critical heating months of January and February led to decline in retail volume in AmeriGas,UGI International and Midstream & Marketing operations.
Guidance
The company reaffirmed fiscal 2019 EPS guidance in the range of $2.40-$2.60.
Zacks Rank
UGI currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Releases
MDU Resources Group Inc (NYSE:MDU) delivered first-quarter 2019 operating earnings of 21 cents per share, which missed the Zacks Consensus Estimate of 24 cents by 12.5%.
ONE Gas, Inc (NYSE:OGS) generated first-quarter 2019 operating earnings of $1.76 per share, which beat the Zacks Consensus Estimate of $1.73 by 1.7%.
ONEOK Inc (NYSE:OKE) came up with first-quarter 2019 operating earnings of 81 cents per share, which beat the Zacks Consensus Estimate of 73 cents by 10.96%.
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