AmeriGas

UGI Corporation Announces Leadership Transition

Retrieved on: 
Tuesday, December 12, 2023

UGI Corporation (NYSE: UGI ) (the “Company”) announced today that Mario Longhi, incoming Chair of the Board of Directors, has been named interim Chief Executive Officer.

Key Points: 
  • UGI Corporation (NYSE: UGI ) (the “Company”) announced today that Mario Longhi, incoming Chair of the Board of Directors, has been named interim Chief Executive Officer.
  • “On behalf of the Board, I thank Roger for his many contributions and years of service to UGI.
  • Since joining the company in 2015, Roger has served in a multitude of leadership roles at UGI, helping lead the UGI International and AmeriGas transformation projects as well as driving the development of renewable energy solutions.
  • Prior to United States Steel Corporation, Mr. Longhi spent 23 years at Alcoa, Inc. where he served in various leadership roles across multiple different global business divisions.

Cost Savings from Propane School Buses Sustain Family Business

Retrieved on: 
Wednesday, November 29, 2023

BEDFORD, Pa., Nov. 29, 2023 /PRNewswire-PRWeb/ -- With propane school buses, Snyder Bus Lines is proving that eco-friendly practices not only benefit the environment but also sustain a family business. The rural school bus contractor, which serves three school districts, maintains a fleet of around 40 school buses. Over 30 are powered by propane autogas, a domestically produced, affordable, clean alternative fuel.

Key Points: 
  • Cost savings from school buses powered by ROUSH CleanTech propane fuel systems allow small business to survive pandemic, continue serving rural communities.
  • BEDFORD, Pa., Nov. 29, 2023 /PRNewswire-PRWeb/ -- With propane school buses, Snyder Bus Lines is proving that eco-friendly practices not only benefit the environment but also sustain a family business.
  • The rural school bus contractor, which serves three school districts, maintains a fleet of around 40 school buses.
  • "Propane buses have sustained our family business, offering reliability, cost-efficiency and environmental benefits," said Jennifer Snyder, co-owner of Snyder Bus Lines.

UGI Reports Third Quarter Results

Retrieved on: 
Thursday, August 3, 2023

UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended June 30, 2023.

Key Points: 
  • UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended June 30, 2023.
  • Year-to-date reportable segments earnings before interest expense and income taxes1 ("EBIT") of $1,076 million compared to $1,079 million in the prior-year period.
  • "This quarter, we continued to execute on our strategy, while taking actions to enhance our financial flexibility," said Roger Perreault, President and Chief Executive Officer of UGI Corporation.
  • Based on the results of the first nine months of fiscal 2023 and expectations for the fourth quarter, we anticipate fiscal 2023 adjusted diluted EPS to be at the low end of our guidance range of $2.75 to $2.903.

AmeriGas Partners, L.P. and AmeriGas Finance Corp. Announce Results of Tender Offer for any and all of their Outstanding 5.625% Senior Notes due 2024

Retrieved on: 
Tuesday, May 30, 2023

Substantially concurrently with the commencement of the Tender Offer, the Offerors issued a conditional notice of full redemption to redeem any 2024 Notes not purchased in the Tender Offer and that remain outstanding pursuant to the indenture governing the 2024 Notes.

Key Points: 
  • Substantially concurrently with the commencement of the Tender Offer, the Offerors issued a conditional notice of full redemption to redeem any 2024 Notes not purchased in the Tender Offer and that remain outstanding pursuant to the indenture governing the 2024 Notes.
  • This announcement is not an offer to purchase or a solicitation of an offer to sell with respect to any 2024 Notes.
  • Any offer to purchase the 2024 Notes has been made by means of the Offer Documents.
  • No offer to purchase will be made in any jurisdiction in which such an offer to purchase would be unlawful.

AmeriGas Partners, L.P. and AmeriGas Finance Corp. Price Senior Notes Offering

Retrieved on: 
Monday, May 22, 2023

UGI Corporation (NYSE: UGI) announced today that its subsidiaries, AmeriGas Partners, L.P. (“AmeriGas Partners”) and AmeriGas Finance Corp. (together with AmeriGas Partners, the “Issuers”) priced their offering of $500,000,000 in aggregate principal amount of 9.375% senior notes due 2028 (the “Notes”) in an offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States in compliance with Regulation S under the Securities Act.

Key Points: 
  • UGI Corporation (NYSE: UGI) announced today that its subsidiaries, AmeriGas Partners, L.P. (“AmeriGas Partners”) and AmeriGas Finance Corp. (together with AmeriGas Partners, the “Issuers”) priced their offering of $500,000,000 in aggregate principal amount of 9.375% senior notes due 2028 (the “Notes”) in an offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States in compliance with Regulation S under the Securities Act.
  • The closing of the offering is expected to occur on or about May 31, 2023, subject to customary closing conditions.
  • Private Securities Litigation Reform Act of 1995, including statements regarding the Issuers’ expectations regarding the aggregate principal amount of the Notes to be sold and the intended use of proceeds from the offering of the Notes.
  • UGI and the Issuers disclaim any obligation to update or revise any forward-looking statements.

AmeriGas Partners, L.P. and AmeriGas Finance Corp. Commence Cash Tender Offer for any and all of their Outstanding 5.625% Senior Notes due 2024

Retrieved on: 
Monday, May 22, 2023

Subject to certain exceptions, tendered 2024 Notes can only be withdrawn before 5 p.m., New York City time on the Expiration Date (the “Withdrawal Deadline”).

Key Points: 
  • Subject to certain exceptions, tendered 2024 Notes can only be withdrawn before 5 p.m., New York City time on the Expiration Date (the “Withdrawal Deadline”).
  • Following the Withdrawal Deadline, holders who have tendered their 2024 Notes may not withdraw such 2024 Notes unless the Offerors are required to extend withdrawal rights under applicable law.
  • This announcement is not an offer to purchase or a solicitation of an offer to sell with respect to any 2024 Notes.
  • Any offer to purchase the 2024 Notes will be made by means of an Offer to Purchase and related Letter of Transmittal and Notice of Guaranteed Delivery.

AmeriGas Partners, L.P. and AmeriGas Finance Corp. Commence Senior Notes Offering

Retrieved on: 
Monday, May 22, 2023

Private Securities Litigation Reform Act of 1995, including statements regarding the Issuers’ expectations regarding the aggregate principal amount of the Notes to be sold and the intended use of proceeds from the offering of the Notes.

Key Points: 
  • Private Securities Litigation Reform Act of 1995, including statements regarding the Issuers’ expectations regarding the aggregate principal amount of the Notes to be sold and the intended use of proceeds from the offering of the Notes.
  • Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements.
  • Readers are strongly encouraged to read the full cautionary statements contained in AmeriGas Partners’ most recent annual report and in UGI’s filings with the SEC, and in UGI’s and the Issuers’ other communications with investors.
  • UGI and the Issuers disclaim any obligation to update or revise any forward-looking statements.

AWH Announces Leadership Transition

Retrieved on: 
Tuesday, May 9, 2023

This leadership transition comes as the Company prepares to enter the next phase of its growth story.

Key Points: 
  • This leadership transition comes as the Company prepares to enter the next phase of its growth story.
  • Hartmann brings with him a wealth of experience and expertise in leadership, strategy, and operations.
  • He has held several progressive leadership positions throughout his career, including serving as President of BuyBuy Baby and CEO of True Value Company.
  • We are confident that under his leadership, Ascend will continue to drive value for our shareholders, customers, and employees."

UGI Reports Second Quarter Results and Updates Fiscal 2023 Guidance

Retrieved on: 
Wednesday, May 3, 2023

UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended March 31, 2023.

Key Points: 
  • UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended March 31, 2023.
  • Updated fiscal 2023 adjusted diluted EPS guidance to a range of $2.75 - $2.902 per share.
  • Roger Perreault, President and Chief Executive Officer of UGI Corporation said, "Our fiscal second quarter was impacted by warm weather across all of our reportable segments as well as severe weather events in the West.
  • “Given the fiscal second quarter results and our year-to-date performance, we expect adjusted diluted EPS for fiscal 2023 to be within a revised guidance range of $2.75 to $2.902.

IntelliShift Appoints Jeff Cohen as Chief Revenue Officer

Retrieved on: 
Tuesday, April 18, 2023

IntelliShift , the connected fleet intelligence platform for safety and operations teams, today at NAFA I&E , the premier fleet management association and event of the year, announced that Jeff Cohen has joined the company as the Chief Revenue Officer (CRO).

Key Points: 
  • IntelliShift , the connected fleet intelligence platform for safety and operations teams, today at NAFA I&E , the premier fleet management association and event of the year, announced that Jeff Cohen has joined the company as the Chief Revenue Officer (CRO).
  • Prior to IntelliShift, Cohen spent five years at Trackunit, an off-highway telematics provider for the construction industry.
  • He first served as their President, and then as the Chief Commercial Officer (CCO).
  • “Jeff brings over 15 years of telematics sales leadership experience to IntelliShift,” said John Cunningham Jr, Founder and CEO at IntelliShift.