UGI Posts Higher Q1 Profit

(RTTNews) - UGI Corp. (UGI) reported net income for the first quarter of $122.0 million or $1.05 per share, compared to $102.5 million or $0.90 per share for the year-ago quarter.

Excluding items, adjusted net income for the first quarter was $123.5 million or $1.06 per share, compared to $101.2 million or $0.88 per share in the prior year quarter.

Revenue for the first quarter rose to $2.32 billion from $2.02 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.03 per share on revenue of $2.27 billion for the first quarter. Analysts' estimates typically exclude special items.