UGI Utilities and Argo Infrastructure Partners Reach Agreement on Purchase and Sale of UGI’s PA Electric Utility
UGI Corporation (UGI)
Last ugi corporation earnings: 2/5 04:18 pm
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Source: Business Wire
Sharpens UGI's focus on its core natural gas business while placing Electric Division customers and employees into the hands of Argo, a committed and experienced infrastructure operator with deep experience supporting regulated utilitiesMarks Argo’s 20th investment, and 4th utility investment in Pennsylvania, bringing expanded capital investment and long-term infrastructure management experience to a growing region within the Commonwealth VALLEY FORGE, Pa. & NEW YORK--(BUSINESS WIRE)--UGI Utilities, Inc. (UGI Utilities), a wholly owned subsidiary of UGI Corporation (NYSE: UGI), today announced a definitive agreement to sell its Electric Division to funds managed by Argo Infrastructure Partners LP (Argo), a well-established mid-market manager of essential infrastructure and utility assets.The purchase price is approximately $470 million with working capital adjustments. After-tax proceeds will be used to reduce UGI debt and for general corporate purposes, strengthening UGI's balance
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UGI
News
- UGI to sell Electric Division to Argo Infrastructure Partners for $470m [Yahoo! Finance]Yahoo! Finance
- UGI (UGI) had its "buy (b-)" rating reaffirmed by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- 2 injured, diesel spilled after Shasta deputy crash with tanker truck [USA TODAY]USA TODAY
- UGI Corporation to Hold Fiscal 2026 Second Quarter Earnings Conference Call on Thursday, May 7 [Yahoo! Finance]Yahoo! Finance
- UGI Corporation to Hold Fiscal 2026 Second Quarter Earnings Conference Call on Thursday, May 7Business Wire
UGI
Earnings
- 2/4/26 - Miss
UGI
Sec Filings
- 4/29/26 - Form SCHEDULE
- 4/14/26 - Form 4
- 3/27/26 - Form SCHEDULE
- UGI's page on the SEC website