UGIC - UGI Corporation (UGI) Q2 2024 Earnings Call Transcript
2024-05-02 12:59:10 ET
UGI Corporation (UGI)
Q2 2024 Earnings Conference Call
May 02, 2024 09:00 AM ET
Company Participants
Tameka Morris - Senior Director of Investor Relations
Mario Longhi - Interim President & Chief Executive Officer
Bob Beard - Chief Operating Officer
Sean O'Brien - Chief Financial Officer
Conference Call Participants
Christopher Jeffrey - Mizuho Securities
Paul Fremont - Ladenburg
Presentation
Operator
Good day, and thank you for standing by. Welcome to the UGI Corporation Q2 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Tameka Morris, Senior Director of Investor Relations. Please go ahead.
Tameka Morris
Good morning, everyone. Thank you for joining our fiscal 2024 second quarter earnings call. With me today are Mario Longhi, Interim President and CEO; Sean O'Brienm CFO; and Bob Beard, COO. On today's call we will provide a strategic update on the business and discuss our financial results for the quarter, before concluding with a question-and-answer session.
Before we begin let me remind you that our comments today include certain forward-looking statements which management believes to be reasonable as of today's date only. Actual results may differ significantly because of risks and uncertainties that are difficult to predict. Please read our earnings release and our most recent annual report for an extensive list of factors that could affect results. We assume no duty to update or revise forward-looking statements to reflect events or circumstances that are different from expectations. We will also describe our business using certain non-GAAP financial measures. Reconciliations of these measures to the comparable GAAP measures are available within our presentation.
Now I'm pleased to turn the call over to Mario.
Mario Longhi
Thank you, Tameka, and good morning, everyone. I'd like to begin by commenting on UGI's second quarter and year-to-date financial results, before providing a broader strategic update. UGI had a strong fiscal 2024 second quarter, reporting adjusted earnings per share of $1.97, which was a $0.29 increase over the prior year. This performance reflects the resilience of our portfolio and the dedication of our people and was largely driven by the natural gas businesses. These natural gas businesses delivered record second quarter earnings, a 32% increase in adjusted net income over the prior year....
UGI Corporation (UGI) Q2 2024 Earnings Call Transcript