Liquefied petroleum gas (LPG) distributor UGI International has completed the sale of its Italian LPG distribution business, UniverGas, to a consortium of local energy companies, including Goldengas, SCG Gas, and Beyfin.
This strategic divestiture aligns with UGI International’s ongoing efforts to optimise its portfolio and concentrate on key markets where it can deliver superior operational performance.
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The transaction is set to bolster UGI Corporation’s financial position, as the proceeds from the sale will primarily be directed towards reducing the company’s debt, in line with its capital allocation strategy.
UGI International president Julie Fazio said: “We are strategically reshaping our portfolio to focus on markets where we have built significant market presence and operational expertise.
“By exiting this market, which has historically represented less than 5% of UGI International’s EBIT, we can concentrate our resources and investments to deliver the greatest value to our customers and stakeholders while maintaining our competitive position.”
UGI International operates across 15 European countries and has a substantial customer base in various sectors, ranging from residential to automobile fuel.
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By GlobalDataFor the second quarter of 2025, UGI Corporation, the parent company of UGI International, reported a GAAP diluted earnings per share (EPS) of $2.19 and an adjusted diluted EPS of $2.21.
These figures demonstrate a mixed performance compared to the previous year’s GAAP diluted EPS of $2.30 and adjusted diluted EPS of $1.97.
The company’s reportable segments’ earnings before interest and income taxes (EBIT) reached $1.112bn, showing an improvement from the $1.073bn recorded in the same period last year.
UGI Corporation’s financial health appears robust, with available liquidity standing at approximately $1.9bn as of 31 March 2025.
Additionally, the company has increased its Fiscal 2025 adjusted EPS guidance to a range of $3 to $3.15 per share, indicating a positive outlook for the future.
