2023-08-30 17:14:17 ET
- UGI Corporation ( NYSE: UGI ) has initiated a process to evaluate potential strategic alternatives, especially focusing on the LPG businesses, the company said Wednesday.
- The company said it is exploring a full range of options with the goal of reducing UGI’s earnings volatility and strengthening its balance sheet.
- The review will also look to optimize the company's cost structure and re-align its capital allocation priorities.
- UGI has engaged Goldman Sachs & Co., LLC, and J.P. Morgan Securities, LLC, as advisors in its review of strategic alternatives.
- Press Release .
- Shares +7.2% at $24.78 after hours.
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UGI explores strategic alternatives for LPG business