logo
  

UGI Corp. Does Not Expect Selling French Energy Marketing Business In Q1; Backs FY23 Outlook

UGI Corp. (UGI) announced Friday that it no longer expects to sell its French energy marketing business in the first quarter of fiscal 2023, as extended negotiations with the potential buyer have been discontinued.

The company said the delay in exiting this business will not have an impact on our previously announced fiscal 2023 adjusted earnings per share guidance in the range of $2.85 to $3.15, which includes $0.10 to $0.12 loss from the non-core European energy marketing business.

On average, four analysts polled by Thomson Reuters expect the company to report earnings of $2.84 per share for the year. Analysts' estimates typically exclude one-time items.

The company also reinforced its long-term financial commitments of 6 to 10 percent earnings per share growth and 4 percent dividend growth.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Drug major Pfizer Inc. reported Tuesday higher earnings in its fourth quarter, above market estimates, and an all-time high revenues in its fiscal 2022. Meanwhile, the company projects sharply lower adjusted earnings and revenues in its fiscal 2023, below Wall Street estimates, reflecting projected decline for COVID-19 products. In pre-market activity on the NYSE, Pfizer shares were losing around Oil major Exxon Mobil Corp. (XOM) reported Tuesday that fourth-quarter net income was $12.75 billion or $3.09 per share, up from $8.87 million or $2.08 per share in the prior-year quarter. Excluding special items, adjusted earnings were $3.40 per share, compared to $2.05 per share in the prior-year... La Mirada, California-based Daiso California LLC is recalling certain Matsunaga Mini Shiruko Sand Biscuits citing undeclared soy, an allergen, the U.S. Food and Drug Administration said. The recall incolves Matsunaga Mini Shiruko Sand Biscuits with sku 4902773016966, packaged in four pink and cream bags chained together. Each individual serving is 25g for an entire product weight of 100g.
RELATED NEWS
Follow RTT