UGI's Q1 Earnings and Sales Lower Than Estimates, New Storage Online

UGI Corporation UGI reported a fiscal first-quarter 2026 earnings of $1.26 per share, which missed the Zacks Consensus Estimate of $1.50 by 16%. The bottom line also decreased 8.03% from $1.37 per share in the year-ago quarter.

GAAP earnings per share in the fiscal first quarter of 2026 were $1.34 compared with $1.74 in the year-ago quarter.

Total Revenues of UGI

Revenues of $2.08 billion missed the Zacks Consensus Estimate of $2.13 billion by 2.07%. The top line increased 2.61% from the year-ago quarter’s $2.03 billion.

Highlights of UGI’s Q1 Release

UGI’s earnings before interest expense and income tax for the fiscal first quarter of 2026 were $462 million, a 11% decline from $519 million in the year-ago quarter.

UGI’s interest expenses were $111 million, a 8.82% increase from $102 million in the year-ago quarter.

UGI filed new gas base rate cases for UGI Utilities and Mountaineer Gas subsequent to the quarter, requesting overall distribution rate increases of $99 million and $27 million, respectively.

In January 2026, the company entered into definitive agreements for the divestiture of the LPG businesses in the Czech Republic, Hungary, Poland, Slovakia and Romania for an enterprise value of nearly $56.59 ( €48 ) million. Since fiscal 2025, UGI International entered into divestiture agreements of its LPG operations in seven countries, generating $215 million in cash proceeds.

UGI invested $225 million in the fiscal first quarter of 2026, with 73% invested in the regulated utilities businesses.

In the fiscal first quarter of 2026, New Carlisle LNG storage and vaporization facility started its operation.

UGI’s Segmental Results

AmeriGas Propane:  Earnings before interest expense and income taxes (EBIT) of $72 million in the fiscal first quarter of 2026 were down 2.70% from the year-ago level.

UGI International: Earnings before interest expense and income tax of $124 million in the fiscal first quarter of 2026 were up 12.7% from the year-ago level.

Midstream & Marketing: EBIT of $88 million in the fiscal first quarter of 2026 declined 7.37% from the year-ago level.

UGI Utilities: EBIT of $157 million in the fiscal first quarter of 2026 rose 10.2% from the year-ago level.

UGI’s 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.

Upcoming Releases

ONE Gas, Inc. OGS is scheduled to report fourth-quarter results on Feb. 18. The Zacks Consensus Estimate for earnings is pegged at $1.42 per share, which indicates a year-over-year increase of 5.97%.

The Zacks Consensus Estimate for fourth-quarter sales is pinned at $675.21 million, which suggests year-over-year growth of 7.06%.

Clean Energy Fuels CLNE is scheduled to report fourth-quarter results on Feb. 24. The Zacks Consensus Estimate for earnings is pegged at 3 cents per share, which indicates a year-over-year fall of 250.0%.

The Zacks Consensus Estimate for fourth-quarter sales is pinned at $92.38 million, which suggests a year-over-year decline of 15.50%.

Northwest Natural NWN is scheduled to report fourth-quarter results on Feb. 27. The Zacks Consensus Estimate for earnings is pegged at $1.36 per share, which indicates a year-over-year fall of 3.55%.

The Zacks Consensus Estimate for fourth-quarter sales is pinned at $394.99 million, which suggests year-over-year growth of 6.50%.

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This article originally published on Zacks Investment Research (zacks.com).

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