what does ugi stand for

What Does Ugi Stand For? UGI Corporation (NYSE: UGI) is a holding company that distributes and markets energy products and services through our subsidiaries and the company’s common stock is a balanced growth and income investment. UGI Corporation has paid common dividends for more than 137 consecutive years.

What does UGI Corp do? UGI Corporation (NYSE: UGI) is a holding company that distributes and markets energy products and services through our subsidiaries and the company’s common stock is a balanced growth and income investment. UGI Corporation has paid common dividends for more than 137 consecutive years.

How old is UGI? Between 1987 and 1991, UGI was the nation’s tenth most profitable energy-gas distributor, averaging an annual return of 11.7 percent on equity. UGI is the oldest public-utility holding company in the United States, having been incorporated in 1882 as the United Gas Improvement Co.

How long has UGI been in business?

UGI Corporation boasts a rich history as an organization that spans more than 135 years. Our businesses have thrived through the Great Depression, two World Wars and the major divestment of assets following the Public Utility Holding Company Act of 1935.

Is AmeriGas owned by UGI?

UGI Corp. agreed to acquire 69.2 million publicly held AmeriGas common units previously not owned, consolidating its ownership of AmeriGas. As part of the transaction, AmeriGas will no longer be a Master Limited Partnership (MLP) and will become a wholly owned subsidiary of UGI.

When did UGI buy AmeriGas?

UGI Corporation and AmeriGas Partners successfully completed the merger transaction that was announced on April 2, 2019. UGI acquired the approximately 69.2 million public common units of AmeriGas it did not already own in completing the buy-in of AmeriGas, the nation’s largest retail propane marketer.

How does UGI make money?

Volatility in net income at UGI can occur as a result of gains and losses on commodity and certain foreign currency derivative instruments not associated with current-period transactions but included in earnings in accordance with U.S. generally accepted accounting principles (“GAAP”).

What companies does UGI own?

The Company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities.

Is UGI natural gas?

UGI Utilities, Inc. operates a regulated natural gas distribution business and an electric utility. The gas utility serves approximately 672,000 customers in eastern and central Pennsylvania and more than 500 customers in portions of one Maryland county.

Who owns United gas?

HOUSTON (AP) _ United Gas Pipe Line Co. which has 9,800 miles of pipeline and assets of $1.2 billion is being sold by Occidental Petroleum Corp. to Dallas-based LaSalle Energy Corp., officials said.

How many customers does UGI have?

About us. UGI Utilities, Inc. is a natural gas and electric utility committed to delivering reliable, safe and affordable energy to our 700,000 customers in 45 counties in Pennsylvania and one county in Maryland.

Is Blue Rhino owned by AmeriGas?

Blue Rhino is a brand of Ferrellgas, one of the nation’s largest employee-owned propane leaders.

Who is the CEO of AmeriGas?

Hugh J. Gallagher is President and Chief Executive Officer of AmeriGas Propane (September 2018). Previously, Hugh served as Vice President of Finance and Chief Financial Officer of AmeriGas Propane (since April 2013).

Does UGI have an app?

UGI Utilities Official application for Gas & Electric customers which lets you pay your bill, view and compare power/gas usage, view and update account information, request help, view energy savings tips, find authorized payment locations, and much more. All from the convenience of your mobile device.

Is AmeriGas a public company?

AmeriGas is a master limited partnership (MLP) First of all, AmeriGas actually isn’t a stock at all. Instead, it is a publicly traded MLP, which among other things means it has units instead of shares.

What does a gas leak smell like?

Rotten Egg Smell Natural gas and propane have a distinctive smell for a reason. For safety purposes, utility companies use an additive called mercaptan that gives the colorless and odorless gases a smell that is hard to miss. Most people describe this smell like something like rotten eggs, sewage, or sulfur.

Who bought petrolane?

Petrolane Partners L.P., the biggest marketer of propane gas in the Midwest and the nation, is being acquired by Quantum Chemical Corp. and CS First Boston Inc. in a transaction valued at $1.2 billion, the companies said Tuesday.

Where is united gas from?

Headquartered in Shreveport, Louisiana, United and its major subsidiaries, Union Producing Company, United Gas Pipeline Company, Atlas Processing, UGC Instruments, and Duval Mining, performed integrated exploration, production, processing, and distribution of oil and natural gas and other raw materials.

Who owns Titan propane?

AmeriGas Partners agrees to acquire Heritage Operating and Titan Energy Partners. AmeriGas Partners of Valley Forge is reinforcing its position as the country’s largest propane distributor by agreeing to pay $2.9 billion for the nation’s third-largest LP distributor.

Was AmeriGas sold?

(Reuters) – Energy distributor UGI Corp said on Tuesday it would buy the remaining nearly 75 percent it does not own in retail propane marketer AmeriGas Partners LP in a cash-and-stock deal valued at $2.44 billion.

Did Ferrellgas sell Blue Rhino?

Ferrellgas Partners, L.P. has sold Blue Rhino Global Sourcing, Inc. (BRGS) to an undisclosed buyer. BRGS is a leading designer and supplier of branded and private label consumer barbecue accessories, outdoor heating products and fireplace accessories as well as commercial cooking products.

When did Ferrellgas sell Blue Rhino?

Ferrellgas announces merger agreement with Blue Rhino In 2004 the company had a nationwide exchange network of 29,000 selling locations.

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