UGI Corporation (NYSE:UGI) Q3 2024 Earnings Conference Call August 8, 2024 9:00 AM ET
Company Participants
Tameka Morris - Senior Director, IR
Mario Longhi - Interim President and CEO
Bob Beard - COO
Sean O'Brien - CFO
Conference Call Participants
Gabriel Moreen - Mizuho
Paul Zimbardo - Jefferies
Operator
Good day and thank you for standing by. Welcome to the UGI Corporation Q3 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Tameka Morris, Senior Director of Investor Relations. Please go ahead.
Tameka Morris
Good morning everyone. Thank you for joining our fiscal 2024 third quarter earnings call. With me today are Mario Longhi, Interim President and CEO; Sean O'Brien, CFO; and Bob Beard, COO.
On today's call we will provide a business update and discuss our financial results before concluding with a question-and-answer session.
Before we begin let me remind you that our comments today include certain forward-looking statements, which management believes to be reasonable as of today's date only.
Actual results may differ significantly because of risks and uncertainties that are difficult to predict. Please read our earnings release and our most recent annual report for an extensive list of factors that could affect results.
We assume no duty to update or revise forward-looking statements to reflect events or circumstances that are different from expectations. We will also describe our business using certain non-GAAP financial measures. Reconciliations of these measures to the comparable GAAP measures are available within our presentation.
And with, I'll turn the call over to Mario.
Mario Longhi
Thank you, Tameka and good morning everyone. UGI delivered solid results for the fiscal third quarter, reporting adjusted earnings per share of $0.06 in comparison to $0.00 in the prior year.
Our team has continued to make steady progress in executing on our key strategic priorities, including our focus on driving sustainable cost savings across the business, which is reflected in the results for the quarter.
In alignment with our objective to strengthen the balance sheet, particularly at AmeriGas and the corporate level, we executed several critical financing transactions during the quarter.
These transactions, some of which Sean will further discuss, have enhanced our overall liquidity, begun to address upcoming maturities, and supported AmeriGas in its journey to stabilize operations.