The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Gabriel Moreen - Mizuho Securities USA LLC - Analyst
: Hey, good morning everyone. Maybe I can start off with the last comment on the dock damage in France. I'm just curious, one, the
EPS impact, if you're confident about recovering the damage costs from insurance, why that's going to hit EPS? Or is it going to be
just a timing thing? And then also the larger implications around supply and margins and your degree of confidence that you can
maintain margins, if I guess you have to scramble a little bit for supply?
Question: Gabriel Moreen - Mizuho Securities USA LLC - Analyst
: Thanks, Mario. And then maybe if I can shift to an update at AmeriGas and how you feel broader picture things are progressing on
your initiatives there, particularly with the facilities having been swapped out and I guess, being unburdened by the EBITDA covenant
there. Does that change your approach in terms of how you think about investing in that business going forward? And I guess the
metrics you're looking at as you head into the winter and heating season here?
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AUGUST 08, 2024 / 1:00PM, UGI.N - Q3 2024 UGI Corp Earnings Call
Question: Gabriel Moreen - Mizuho Securities USA LLC - Analyst
: Great. And then last one for me, if I could. You got the power plant sale under agreements. You divested some smaller property in
UGI International. Can you just talk about where things stand maybe prospectively for any additional asset sales as you look across
the portfolio?
Question: Paul Zimbardo - Jefferies LLC - Analyst
: Hi, good morning team. Thank you. -- I had a two part question on CapEx. Just noticing declines pretty much across the board, but
particularly the utilities looks like it's down about 25%, $100 million year-to-date. If you could discuss like what the driver is there?
And also looking at the LPG businesses, international and aircraft, like notably down as well. If we should think about those as kind
of like the new run rates for the LPG businesses and just some color on what's happening at the utilities? Thanks.
Question: Paul Zimbardo - Jefferies LLC - Analyst
: Okay, great. Thank you for the color across the board. And then the last one, I have was just on the leverage metrics. Nice to see the
improvement through June 30. Just as we fast forward to a year from now, do you think that those stay the same levels, increase or
decrease for UGI Corp and AmeriGas?
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