AmeriGas

UGI Reports Fiscal 2024 Second Quarter Results, Concludes Strategic Review and Affirms Fiscal 2024 Guidance

Retrieved on: 
Wednesday, May 1, 2024
Other Energy, Utilities, Environment, Oil, Gas, Sustainability, Alternative Energy, Energy, Sale, Internet, Weather, UGI, LPG, Natural gas, AmeriGas, Webcast, UGI Corporation, EPS, Interim, GAAP, Growth, Interest

UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended March 31, 2024 and announced that its Board has unanimously decided to conclude the strategic review of its LPG businesses, which was primarily focused on AmeriGas Propane.

Key Points: 
  • UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended March 31, 2024 and announced that its Board has unanimously decided to conclude the strategic review of its LPG businesses, which was primarily focused on AmeriGas Propane.
  • Concludes the strategic review of the LPG businesses and retains ownership of AmeriGas Propane.
  • Repositions UGI to drive a high-performing, customer centered and results-driven organization, targeting a long-term EPS growth rate of 4 – 6%.
  • Affirms its fiscal 2024 adjusted diluted EPS guidance range of $2.70 - $3.002 per share.

AMERIGAS TEAMSTERS UNANIMOUSLY RATIFY NEW COLLECTIVE BARGAINING AGREEMENT

Retrieved on: 
Friday, April 12, 2024
Transport, Gas, Local, International Brotherhood of Teamsters, AmeriGas, Solidarity, Locals, Pension fund

LOCKPORT, Ill., April 12, 2024 /PRNewswire/ -- Following a month-long strike, members of Teamsters Local 179 who work as drivers and service technicians at AmeriGas Partners L.P. have unanimously ratified a new collective bargaining agreement.

Key Points: 
  • Local 179 Teamsters Secure Substantial Pay Raise, End Strike
    LOCKPORT, Ill., April 12, 2024 /PRNewswire/ -- Following a month-long strike, members of Teamsters Local 179 who work as drivers and service technicians at AmeriGas Partners L.P. have unanimously ratified a new collective bargaining agreement.
  • Local 179 was supported by fellow Teamsters at Locals 705, 142, and 781, who honored their picket lines.
  • "Wealthy executives at AmeriGas and out-of-touch local managers underestimated the strength of our solidarity," said Juan Campos, Director of the Teamsters Tankhaul Division.
  • Teamsters Local 179 represents over 3,000 members throughout Northern Illinois in construction, transportation, and a wide variety of other industries.

Lytx Awards Top Drivers and Coaches for Their Commitment to Improving Road Safety

Retrieved on: 
Wednesday, March 27, 2024
Second Place, MV Transportation, First Place, Transport, Philosophy, Lytx, SAN, Sleep, Artificial intelligence, Old Dominion Freight Line, Attitude, Food, Third place, Student, AmeriGas, CDL, Accident, Love, Injury, UPS, Ryder, Family, Workplace, Parent, Rail transport

SAN DIEGO, March 27, 2024 /PRNewswire/ -- Lytx® Inc., a global leader in video safety and video telematics, today recognized the winners of the 2024 Driver and Coach of the Year awards and their positive influence on roadway safety. Each winner successfully implemented the Lytx Driver Safety Program, which combines industry-leading machine vision and artificial intelligence (MV+AI) technology with customizable coaching tools and reporting, to advance their fleet safety skills.

Key Points: 
  • After reviewing a record number of nominations, Lytx selected the top three drivers and top three coaches from each of the five categories.
  • For more on Lytx's 2024 Driver and Coach of the Year awards, including eligibility, judging process, and prizing, go here .
  • This allows him to mentor younger drivers and remind veteran drivers of the importance of safety for drivers and their communities.
  • Dennis also uses Lytx as a recognition tool to show drivers and fellow teammates when an exceptional job is done within an event.

UGI Corporation Announces Leadership Transition

Retrieved on: 
Tuesday, December 12, 2023
Environment, Utilities, Oil, Gas, Sustainability, Alternative Energy, Energy, NYSE, ITT Inc., UGI Corporation, Harsco, AmeriGas, EPS, U.S. Steel, LPG, UGI, Transport, Management

UGI Corporation (NYSE: UGI ) (the “Company”) announced today that Mario Longhi, incoming Chair of the Board of Directors, has been named interim Chief Executive Officer.

Key Points: 
  • UGI Corporation (NYSE: UGI ) (the “Company”) announced today that Mario Longhi, incoming Chair of the Board of Directors, has been named interim Chief Executive Officer.
  • “On behalf of the Board, I thank Roger for his many contributions and years of service to UGI.
  • Since joining the company in 2015, Roger has served in a multitude of leadership roles at UGI, helping lead the UGI International and AmeriGas transformation projects as well as driving the development of renewable energy solutions.
  • Prior to United States Steel Corporation, Mr. Longhi spent 23 years at Alcoa, Inc. where he served in various leadership roles across multiple different global business divisions.

Cost Savings from Propane School Buses Sustain Family Business

Retrieved on: 
Wednesday, November 29, 2023
Propane, Mechanics, Environment, Small business, AmeriGas, Transport

BEDFORD, Pa., Nov. 29, 2023 /PRNewswire-PRWeb/ -- With propane school buses, Snyder Bus Lines is proving that eco-friendly practices not only benefit the environment but also sustain a family business. The rural school bus contractor, which serves three school districts, maintains a fleet of around 40 school buses. Over 30 are powered by propane autogas, a domestically produced, affordable, clean alternative fuel.

Key Points: 
  • Cost savings from school buses powered by ROUSH CleanTech propane fuel systems allow small business to survive pandemic, continue serving rural communities.
  • BEDFORD, Pa., Nov. 29, 2023 /PRNewswire-PRWeb/ -- With propane school buses, Snyder Bus Lines is proving that eco-friendly practices not only benefit the environment but also sustain a family business.
  • The rural school bus contractor, which serves three school districts, maintains a fleet of around 40 school buses.
  • "Propane buses have sustained our family business, offering reliability, cost-efficiency and environmental benefits," said Jennifer Snyder, co-owner of Snyder Bus Lines.

UGI Reports Third Quarter Results

Retrieved on: 
Thursday, August 3, 2023
Other Energy, Utilities, Oil, Gas, Other Manufacturing, Alternative Energy, Energy, Engineering, Manufacturing, Advertising, UGI, Public utility, Marketing, AmeriGas, Pennant, UGI Corporation, GAAP, EBIT, Wind, Interest, Future, Midstream, Internet, Acquisition, Natural gas, Webcast, LPG, Growth, ESG, EPS, Environment, NYSE, Propane, Paint, Renewable energy

UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended June 30, 2023.

Key Points: 
  • UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended June 30, 2023.
  • Year-to-date reportable segments earnings before interest expense and income taxes1 ("EBIT") of $1,076 million compared to $1,079 million in the prior-year period.
  • "This quarter, we continued to execute on our strategy, while taking actions to enhance our financial flexibility," said Roger Perreault, President and Chief Executive Officer of UGI Corporation.
  • Based on the results of the first nine months of fiscal 2023 and expectations for the fourth quarter, we anticipate fiscal 2023 adjusted diluted EPS to be at the low end of our guidance range of $2.75 to $2.903.

AmeriGas Partners, L.P. and AmeriGas Finance Corp. Announce Results of Tender Offer for any and all of their Outstanding 5.625% Senior Notes due 2024

Retrieved on: 
Tuesday, May 30, 2023
Alternative Energy, Energy, Utilities, Oil, Gas, Note, Letter, UGI, Tender offer, Settlement date, AmeriGas, Debt-to-GDP ratio, UGI Corporation, Letter of transmittal, Wells Fargo, CUSIP, Mini-tender offer, Annual report, Hand, NYSE, Personal Information Agent, Bank, Security (finance)

Substantially concurrently with the commencement of the Tender Offer, the Offerors issued a conditional notice of full redemption to redeem any 2024 Notes not purchased in the Tender Offer and that remain outstanding pursuant to the indenture governing the 2024 Notes.

Key Points: 
  • Substantially concurrently with the commencement of the Tender Offer, the Offerors issued a conditional notice of full redemption to redeem any 2024 Notes not purchased in the Tender Offer and that remain outstanding pursuant to the indenture governing the 2024 Notes.
  • This announcement is not an offer to purchase or a solicitation of an offer to sell with respect to any 2024 Notes.
  • Any offer to purchase the 2024 Notes has been made by means of the Offer Documents.
  • No offer to purchase will be made in any jurisdiction in which such an offer to purchase would be unlawful.

AmeriGas Partners, L.P. and AmeriGas Finance Corp. Price Senior Notes Offering

Retrieved on: 
Monday, May 22, 2023
Alternative Energy, Energy, Utilities, Oil, Gas, Note, UGI, Issuer, AmeriGas, SEC Rule 144A, Debt-to-GDP ratio, UGI Corporation, Person, Sale, Annual report, Hand, NYSE, Regulation, Security (finance)

UGI Corporation (NYSE: UGI) announced today that its subsidiaries, AmeriGas Partners, L.P. (“AmeriGas Partners”) and AmeriGas Finance Corp. (together with AmeriGas Partners, the “Issuers”) priced their offering of $500,000,000 in aggregate principal amount of 9.375% senior notes due 2028 (the “Notes”) in an offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States in compliance with Regulation S under the Securities Act.

Key Points: 
  • UGI Corporation (NYSE: UGI) announced today that its subsidiaries, AmeriGas Partners, L.P. (“AmeriGas Partners”) and AmeriGas Finance Corp. (together with AmeriGas Partners, the “Issuers”) priced their offering of $500,000,000 in aggregate principal amount of 9.375% senior notes due 2028 (the “Notes”) in an offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States in compliance with Regulation S under the Securities Act.
  • The closing of the offering is expected to occur on or about May 31, 2023, subject to customary closing conditions.
  • Private Securities Litigation Reform Act of 1995, including statements regarding the Issuers’ expectations regarding the aggregate principal amount of the Notes to be sold and the intended use of proceeds from the offering of the Notes.
  • UGI and the Issuers disclaim any obligation to update or revise any forward-looking statements.

AmeriGas Partners, L.P. and AmeriGas Finance Corp. Commence Cash Tender Offer for any and all of their Outstanding 5.625% Senior Notes due 2024

Retrieved on: 
Monday, May 22, 2023
Energy, Other Energy, Utilities, Oil, Gas, Note, Letter, UGI, Issuer, AmeriGas, Debt-to-GDP ratio, Expiration date, UGI Corporation, Letter of transmittal, Personal Information Agent, Expiration, Wells Fargo, Annual report, Hand, NYSE, Life insurance, Security (finance)

Subject to certain exceptions, tendered 2024 Notes can only be withdrawn before 5 p.m., New York City time on the Expiration Date (the “Withdrawal Deadline”).

Key Points: 
  • Subject to certain exceptions, tendered 2024 Notes can only be withdrawn before 5 p.m., New York City time on the Expiration Date (the “Withdrawal Deadline”).
  • Following the Withdrawal Deadline, holders who have tendered their 2024 Notes may not withdraw such 2024 Notes unless the Offerors are required to extend withdrawal rights under applicable law.
  • This announcement is not an offer to purchase or a solicitation of an offer to sell with respect to any 2024 Notes.
  • Any offer to purchase the 2024 Notes will be made by means of an Offer to Purchase and related Letter of Transmittal and Notice of Guaranteed Delivery.

AmeriGas Partners, L.P. and AmeriGas Finance Corp. Commence Senior Notes Offering

Retrieved on: 
Monday, May 22, 2023
Other Energy, Environment, Utilities, Oil, Gas, Sustainability, Energy, Note, UGI, Issuer, AmeriGas, SEC Rule 144A, Debt-to-GDP ratio, UGI Corporation, Person, Sale, Annual report, Hand, NYSE, Regulation, Security (finance)

Private Securities Litigation Reform Act of 1995, including statements regarding the Issuers’ expectations regarding the aggregate principal amount of the Notes to be sold and the intended use of proceeds from the offering of the Notes.

Key Points: 
  • Private Securities Litigation Reform Act of 1995, including statements regarding the Issuers’ expectations regarding the aggregate principal amount of the Notes to be sold and the intended use of proceeds from the offering of the Notes.
  • Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements.
  • Readers are strongly encouraged to read the full cautionary statements contained in AmeriGas Partners’ most recent annual report and in UGI’s filings with the SEC, and in UGI’s and the Issuers’ other communications with investors.
  • UGI and the Issuers disclaim any obligation to update or revise any forward-looking statements.