U.S. Markets close in 5 hrs 51 mins

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

Zacks Equity Research

UGI Corporation UGI 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.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.


See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Dominion Energy Inc. (D) : Free Stock Analysis Report
 
Xcel Energy Inc. (XEL) : Free Stock Analysis Report
 
National Fuel Gas Company (NFG) : Free Stock Analysis Report
 
UGI Corporation (UGI) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research