UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 15, 2013
UGI Corporation
(Exact name of registrant as specified in its charter)
Pennsylvania | 1-11071 | 23-2668356 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
460 No. Gulph Road, King of Prussia, Pennsylvania |
19406 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: 610 337-7000
Not Applicable
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 Results of Operations and Financial Condition.
On May 15, 2013, UGI Corporation (the Company) issued a press release announcing revised financial results for the Company for the fiscal quarter ended March 31, 2013. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is being furnished herewith:
99.1 | Press Release of UGI Corporation dated May 15, 2013. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
UGI Corporation | ||||||||
May 15, 2013 | By: | /s/ Hugh J. Gallagher | ||||||
Name: | Hugh J. Gallagher | |||||||
Title: | Treasurer |
EXHIBIT INDEX
The Following Exhibit Is Furnished:
EXHIBIT |
DESCRIPTION | |
99.1 | Press Release of UGI Corporation dated May 15, 2013. |
Exhibit 99.1
Contact: | 610-337-1000 | For Immediate Release: | ||
Hugh J. Gallagher, ext. 1029 | May 15, 2013 | |||
Simon Bowman, ext. 3645 | ||||
Shelly Oates, ext. 3202 |
UGI Revises Second Quarter Earnings
VALLEY FORGE, Pa., May 15 - UGI Corporation (NYSE: UGI) today reported net income attributable to UGI of $171.9 million, or $1.49 per diluted share, for the second quarter of Fiscal 2013 ended March 31, 2013, compared to $133.4 million, or $1.18 per diluted share, for the prior-year period. The increase in net income attributable to UGI was the result of substantially improved performance across all of UGIs business units given the return to more normal winter weather. Results for the current-year period were revised to include the impact of a $1.5 million reduction in net income (approximately $0.02 per diluted share) related to the correction of AmeriGass method of accounting for certain customer credits.
John L. Walsh, president and chief executive officer of UGI, said, Based upon our results to date and including our assessment of business conditions for remainder of Fiscal 2013, we expect earnings per diluted share for Fiscal 2013 to be within our previously-stated guidance range of $2.40 to $2.50, although we believe it is most likely that earnings will end up in the lower half of that range.
About UGI
UGI is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI, through subsidiaries, is the sole General Partner and owns 26% of AmeriGas Partners, L.P. (NYSE:APU), the nations largest retail propane distributor.
Comprehensive information about UGI Corporation is available on the Internet at http://www.ugicorp.com
This press release contains certain forward-looking statements that management believes to be reasonable as of todays date only. Actual results may differ significantly because of risks and uncertainties that are difficult to predict and many of which are beyond managements control. You should read UGIs Annual Report on Form 10-K for a more extensive list of factors that could affect results. Among them are adverse weather conditions, cost volatility and availability of all energy products, including propane, natural gas, electricity and fuel oil, increased customer conservation measures, the impact of pending and future legal proceedings, domestic and international political, regulatory and economic conditions including currency exchange rate fluctuations (particularly the euro), the timing of development of Marcellus Shale gas production, the timing and success of our commercial initiatives and investments to grow our business, and our ability to successfully integrate acquired businesses, including Heritage Propane, and achieve anticipated synergies. UGI undertakes no obligation to release revisions to its forward-looking statements to reflect events or circumstances occurring after today.
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