|
November 05, 2014 VALLEY FORGE, Pa.--(BUSINESS WIRE)-- UGI Corporation (NYSE: UGI) today announced earnings guidance for fiscal years 2014 and 2015. UGI expects to report adjusted diluted earnings per share attributable to UGI for its fiscal year ended September 30, 2014 of approximately $1.99, in line with the previously issued guidance of $1.97 - $2.03. Estimated results for the current fiscal year exclude the impact of mark-to-market losses on unsettled commodity hedging instruments at Midstream & Marketing ($0.03 per diluted share) and AmeriGas Propane ($0.01 per diluted share) as well as the retroactive effects of changes in French tax legislation enacted in the first fiscal quarter of 2014 ($.03 per diluted share). The $1.99 guidance for fiscal year 2014 represents a 26% increase in adjusted diluted earnings per share attributable to UGI versus the prior fiscal year. The increase was primarily the result of better than expected results at Midstream & Marketing and Gas Utility. The extreme cold felt throughout the Northeast and Mid-Atlantic regions this past winter created unprecedented demand for natural gas as well as heightened natural gas price volatility due to locational basis differentials. John Walsh, president and chief executive officer of UGI, said, “We expect earnings for the current fiscal year to be in line with our previously issued guidance. Looking ahead to the fiscal year ending September 30, 2015, assuming normal weather patterns this coming winter, we expect to report earnings in the range of $1.88 to $1.98 per diluted share. We have previously announced a number of significant investment opportunities that we are pursuing and believe our prospects for fiscal year 2016 and beyond are very bright. We look forward to providing investors with more insight on all of our business units as well as discussing our guidance and growth prospects at UGI’s Analyst Day, which will take place tomorrow morning in New York City.” UGI is scheduled to release more detailed results for the fiscal year ended September 30, 2014 at its earnings call on November 13, 2014. |
|
| aus der Diskussion: | UGI Corp. - Gasflaschenlieferant |
| Autor (Datum des Eintrages): | R-BgO (14.11.14 15:08:52) |
| Beitrag: | 5 von 10 (ID:48321925) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |