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UGI Company (NYSE: UGI) on Wednesday introduced monetary outcomes for the primary quarter of 2023, reporting a rise in web revenues.
The Pennsylvania-based firm’s adjusted earnings rose sharply to $1.14 per share from $0.93 per share final yr. Revenues elevated by 3% yearly to $2.76 billion.
On a reported foundation, UGI posted a web lack of $954 million or $4.54 per share for the primary quarter, in comparison with a lack of $97 million of $0.46 per share within the corresponding interval of final yr.
“We had a strong begin to fiscal 2023 with sturdy efficiency from our pure gasoline companies and from the expansion investments that we have now made lately, regardless of the influence of excessive inflation. Compared to the prior-year interval, we had colder climate within the U.S. and this helped to offset the consequences of considerably hotter climate in Europe,” stated UGI’s CEO Roger Perreault.
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