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UGI beats 2Q profit forecasts

KING OF PRUSSIA, Pa. (AP) _ UGI Corp. (UGI) on Monday reported fiscal second-quarter net income of $219.9 million.

The King Of Prussia, Pennsylvania-based company said it had profit of $1.24 per share. Earnings, adjusted for non-recurring costs and to extinguish debt, came to $1.31 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The natural gas and electric utilities operator. posted revenue of $2.17 billion in the period.

UGI expects full-year earnings in the range of $2.30 to $2.45 per share.

UGI shares have climbed slightly more than 8 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $49.94, an increase of 24 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UGI at https://www.zacks.com/ap/UGI


Keywords: UGI, Earnings Report