VALLEY FORGE, Pa.--(BUSINESS WIRE)--
UGI Corporation (NYSE: UGI) held its biennial Investor Day in New York City on December 8, 2016. As discussed during the meeting, UGI continues to be a balanced growth and income investment with objectives to grow its adjusted earnings per share by 6-10% annually and its dividend by 4% annually. The presentations included an overview of UGI’s strategy from John Walsh, president and chief executive officer of UGI, a discussion of UGI’s financial outlook from Kirk Oliver, UGI’s chief financial officer, and discussions of key initiatives from the leaders of each of UGI’s four business units:
| Business Unit | Primary Growth Drivers |
Targeted Adjusted |
||||||
|
UGI Utilities
Bob Beard – President and CEO |
Rate base and customer growth | 5% to 7% | ||||||
|
Energy Services
Brad Hall – President |
Extension of Marcellus asset |
8% to 10% | ||||||
|
AmeriGas Propane
Jerry Sheridan – President and CEO |
Cylinder Exchange and National |
7% to 10% | ||||||
|
UGI International
Roger Perreault - President |
Finagaz integration, disciplined |
5% to 8% |
1 Long-term targeted earnings contribution growth by business unit to UGI Corporation.
In addition to the prepared remarks, attendees were invited to attend four informational specialty sessions covering the following topics:
- UGI Utilities – Growth capital and recovery mechanisms
- Energy Services – LNG strategy and asset portfolio
- AmeriGas Propane – Use of technology to improve customer service and drive efficiency
- UGI International – European propane business highlights
Materials from UGI’s Investor Day and a replay of the webcast are available in the Investor Relations section of UGI’s website at http://www.ugicorp.com.
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG 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 nation's largest retail propane distributor.
Comprehensive information about UGI Corporation is available on the Internet at http://www.ugicorp.com.
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