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Why UGI Stock Is Tanking Today

TheMotleyFool

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Why UGI Stock Is Tanking TodayPhoto, wide shot, wide-angle lens, soft focus, Gas company, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-tcjRuj5bqFkp1mtfRW3UniKc.png?st=2023-05-05T12%3A32%3A34Z&se=2023-05-05T14%3A32%3A34Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-05T04%3A49%3A27Z&ske=2023-05-06T04%3A49%3A27Z&sks=b&skv=2021-08-06&sig=BKOkdc9cKdFUkBJnHork/AsFKQ6z1sIxTLjeoW/ivEM%3D

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.

Image source: Getty Images.

Source Fool.com

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