UGI Backs FY Adj. EPS Outlook

(RTTNews) - UGI Corp.(UGI) said that it expects to report earnings per share of $1.98 to $2.08 and continues to expect adjusted earnings per share to be at the upper end, or slightly above, guidance range of $1.95 to $2.05 per share for the fiscal year ended September 30, 2016.

John L. Walsh, president and chief executive officer of UGI, said, "In conjunction with the guidance revision issued today by AmeriGas, we wanted to confirm that we expect adjusted earnings to be at the upper end, or slightly above, our guidance range. This has been a year of strong execution during which we made significant progress on our growth initiatives and anticipate delivering record EPS in spite of warm weather."

Walsh continued, "We are pleased to announce our guidance for fiscal year 2017. Assuming normal weather patterns and excluding mark-to-market gains and losses on commodity derivative instruments and Finagaz integration expenses, we expect to report adjusted diluted earnings of $2.30 to $2.45 per share for the year ending September 30, 2017."

UGI noted that it will provide more details on the full-year fiscal year 2016 performance and expectations for fiscal year 2017 during its earnings call on November 10, 2016.