UGI Corporation
Overview
UGI Corporation is a Fortune 500 company that provides essential energy services to customers around the world. The company is involved in the distribution and marketing of energy products and services, including natural gas, liquid fuels, and electricity. It operates in the United States, Europe, and other international markets.
History
UGI Corporation was founded in 1882 as United Gas Improvement Company. The company initially focused on the gas lighting business, but quickly expanded into other areas of energy production and distribution. Over the years, UGI Corporation has grown through strategic acquisitions and organic growth, becoming a leading player in the global energy market.
Business Operations
UGI Corporation operates through four main business segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities.
AmeriGas Propane
AmeriGas Propane is the largest retail propane distributor in the United States, serving over 1.7 million customers in all 50 states. The segment provides propane for use in home heating, water heating, and cooking, as well as for commercial applications.
UGI International
UGI International operates in 17 European countries and provides liquefied petroleum gas (LPG) and natural gas liquids (NGL) to over 615,000 customers. The segment also operates several electric generation facilities in Europe.
Midstream & Marketing
The Midstream & Marketing segment engages in the storage, transportation, and marketing of natural gas and other energy commodities in the United States. The segment operates a network of natural gas pipelines and storage facilities.
UGI Utilities
UGI Utilities is a natural gas and electric utility company that serves over 700,000 customers in Pennsylvania and Maryland.
Financial Performance
UGI Corporation is a publicly traded company listed on the New York Stock Exchange under the ticker symbol 'UGI'. The company has a strong track record of financial performance, with consistent revenue growth and profitability.
Corporate Governance
UGI Corporation is governed by a Board of Directors, which is responsible for overseeing the company's strategy and operations. The Board is composed of independent directors who bring a diverse range of skills and experience to the company.
Environmental, Social, and Governance (ESG)
UGI Corporation is committed to operating in a socially responsible and environmentally sustainable manner. The company has a comprehensive Environmental, Social, and Governance (ESG) program that focuses on reducing its environmental impact, investing in its employees, and contributing to the communities in which it operates.