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Shares of UGI Corp. Fall on Guidance and Adjusted EPS Miss Shares of UGI Corp. Fall on Guidance and Adjusted EPS Miss Dow Jones By Robert Barba Shares of UGI Corp. (UGI) fell 7.6% in after-hours trading Monday as the energy distribution company guided for lower-than-expected adjusted earnings in 2020 and posted a larger-than-expected loss for the latest quarter. The company said it expects adjusted earnings per share in the range of $2.60 to $2.90. Analysts polled by FactSet expected $3.02 a share. The company said the factors shaping its guidance include normal weather and the return of some pipeline capacity values but at reduced levels. The company also posted an adjusted loss of 9 cents a share in the latest quarter. Analysts expected an adjusted loss of 4 cents a share. |
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