UGI Corporation UGI delivered third-quarter fiscal 2018 adjusted earnings of 9 cents per share, missing the Zacks Consensus Estimate of 13 cents by 30.8%. The bottom line is at breakeven with the prior-year quarter’s earnings of 9 cents.
On a GAAP basis, the company reported earnings of 30 cents per share against the loss of 11 cents in the year-ago quarter.
Revenues
Revenues of $1,440.9 million in the quarter under review beat the Zacks Consensus Estimate of $1,265 million by 13.5%. Also, the top line improved 24.9% from the year-ago figure of $1,153.5 million.
Revenue growth can primarily be attributable to volume expansion across all segments on account of colder weather than the previous year’s temperatures coupled with benefits from recent acquisitions and projects consistently driving earnings.
UGI Corporation Price, Consensus and EPS Surprise
Operational Highlights
Operating earnings in the quarter under discussion were $28.5 million versus $2.8 million loss in the year-earlier period.
Total interest expenses amounted to $56.5 million, down 0.5% from the prior-year figure.
Guidance
UGI Corporation reaffirms its EPS guidance for fiscal year 2018 in the range of $2.7-$2.8 per share, above the prior projection of $2.45-$2.65.
Zacks Rank
UGI Corporation currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to Consider
CenterPoint Energy, Inc. CNP will report second-quarter 2018 results on Aug 3. The Zacks Consensus Estimate for the quarter is pegged at 32 cents per share.
Southwest Gas Corporation SWX will report second-quarter 2018 results on Aug 6. The Zacks Consensus Estimate for the quarter is pegged at 31 cents per share.
North Oil & Gas, Inc. NOG will report second-quarter 2018 results on Aug 14. The Zacks Consensus Estimate for the quarter is pegged at 8 cents per share.
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