Why UGI Stock Is Tanking Today
Shares of UGI (NYSE: UGI) tumbled more than 10% by 11 a.m. EST on Tuesday. Weighing on the utility stock were its fourth-quarter results and outlook for fiscal 2020.
UGI reported a loss of $51.5 million, or $0.27 per share, for its fiscal fourth quarter. That missed the analysts' consensus estimate by $0.20 per share. The main issue was higher costs associated with two acquisitions it completed during the quarter: the buyout of its former MLP AmeriGas, and Columbia Midstream Group.
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Source Fool.com
