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Oil and Gas Energy News Update

Monday, May 2, 2011

UGI Reports Lower Q2 Earnings, Falls Below EPS Expectation; Shares Down 0.5%

UGI Reports Lower Q2 Earnings, Falls Below EPS Expectation; Shares Down 0.5%



May 2, 2011

UGI (UGI), a holding company that distributes and markets energy products and related services through its subsidiaries, today posted its Q2 earnings, with net income attributable to UGI of $149.4 mln, or $1.32 per diluted share, lower than the prior-year's $157.1 mln, or $1.43 per diluted share. This compares to Thomson Reuters estimate for a $1.48 Q2 EPS.

This includes the impact of an after-tax loss of $3.3 mln, or $0.03 per share concerning stoppage of hedge accounting for interest rate protection agreements at AmeriGas.

Shares are lower by 0.57% at $33.11.

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