Earnings Call Excerpt
UGI Corp (UGI)
F4Q07 (Qtr End 09/30/07) Earnings Call
November 14, 2007, 04:00 p.m. ET
Executives
Bob Krick – Investor / Media Relations
Lon Greenberg - Chief Executive Officer
Peter Kelly – Chief Financial Officer
John Walsh – President & Chief Operating Officer
Gene Bissell – Chief Executive Officer
Jerry Sheridan - CFO of AmeriGas
Analysts
Shenir Gurshnooney – UBS
Peter Eisele - Snyder Capital Management
Ron Londe - Wachovia
Stewart – Credit Suisse
Barry Klein - Citigroup
Presentation
Operator
Good afternoon and welcome everyone to the UGI and AmeriGas partners Fourth Quarter Fiscal Year 2007 Earnings Results Conference Call and audio webcast.
At this time for opening remarks and introduction, I would like to turn the call over to Mr. Bob Krick. Please go ahead, sir.
Bob Krick
Good afternoon and thank you for joining us today. As we begin, let me remind you that our comments will contain certain forward-looking statements which the management of UGI and AmeriGas believe to be reasonable as of today’s date only. Actual results may differ significantly because of risks and uncertainties that are difficult to predict and many of which are beyond management’s control.
You should read the annual reports on Form 10-K for a full list of factors that could affect results, but among them are adverse weather conditions, price volatility and availability of all energy products including natural gas, propane and fuel oil, increased customer conservation measures, political, economic, legislative and regulatory changes in the US and abroad, currency exchange rates and competition from the same and alternative energy sources.
UGI and AmeriGas undertakes no obligation to release revisions to this forward-looking statements to reflect the events or circumstances occurring after today. With me today are John Walsh, President and COO of UGI, Gene Bissell, President and CEO of AmeriGas and Peter Kelly, CFO of UGI and of course your host, Chairman and CEO of UGI, Lon Greenberg.
Lon Greenberg
Thank you, Bob. Hi everyone and let me welcome you to our call. I trust you have all had the opportunity to read our press releases that reported our 2007 Fiscal Year results.
In the press releases, UGI reported earnings per share of $1.89 for fiscal year 2007. As you noted by reading the press release, there was a $0.12 gain from the sale of a terminal by AmeriGas which adjust for that $0.12 earnings per share worth $1.77 which we consider consistent with our approximately $1.75 earnings guidance.
- To read the full transcript on Seeking Alpha, click here »
