HEADLINES

• GAAP net income of $269 million and adjusted net income of $658 million compared to GAAP net loss of $(1,502) million and adjusted net income of $613 million in the prior year.
• GAAP diluted earnings per share (“EPS”) of $1.25 and adjusted diluted EPS of $3.06 compared to GAAP diluted (loss) EPS of $(7.16) and adjusted diluted EPS of $2.84 in the prior year.
• Solid growth in reportable segments earnings before interest expense and income tax1 ("EBIT"), delivering $1,178 million compared to $1,158 million in the prior year.
• Achieved $75 million reduction in operating and administrative expenses across all segments, when compared to the prior year.
• Deployed ~$900 million of capital with 80% allocated in aggregate to the regulated utilities, primarily for infrastructure replacement and betterment, and the Midstream and Marketing segment.
• Paid dividends for the 140th consecutive year, delivering a 10-year compound annual growth rate of 6%.
• Issues fiscal 2025 adjusted diluted EPS guidance range of $2.75 - $3.052.

UGI Corporation has appointed Robert C. Flexon as its new President and Chief Executive Officer, effective November 1, 2024. He will succeed Mario Longhi, who has been serving as the interim CEO since December 2023 and will continue as the non-executive chair of the Board of Directors 1 3 9
.Background on Robert FlexonFlexon, aged 66, brings extensive leadership experience from various roles in the energy sector, including serving as CEO of Dynegy Inc. and Foster Wheeler AG. He previously held the position of Chief Financial Officer at UGI in 2011, which provides him with familiarity with the company. His recent role was as Chair of PG&E Corporation, where he was instrumental in leading the company through its recovery from Chapter 11 bankruptcy 2 7 9
.Plans for Stabilizing Revenues and Growing Free Cash Flow (FCF)In his upcoming role, Flexon has expressed intentions to focus on driving operational improvements and strengthening UGI's financial profile. He aims to build upon the existing company culture while implementing strategies that enhance revenue stability and free cash flow growth. His past successes in transforming organizations suggest a potential for significant operational efficiencies at UGI 3 5 6
. Flexon's strategic vision is expected to align with UGI's long-term goals of delivering consistent growth and enhancing shareholder value 4 9
.Flexon's appointment is viewed positively by the board and stakeholders, who believe his experience will be crucial for navigating future challenges and opportunities within the energy market 1 8
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In 2023 alone, Dominion connected 15 data centers totaling 933 MW of capacity in Virginia, with plans for an additional 15 centers in 2024. This growth is part of a broader trend where data centers are becoming a significant part of Dominion's electricity sales, constituting 24% of sales by the end of 2023 4

D also has hidden assets in their interconnect deals/contracts. Dominion Energy has been tapped to construct transmission projects valued at approximately $2.5 billion under the PJM Interconnection's recent recommendations .

1. Small Modular Reactors (SMRs): In October 2024, Dominion entered a memorandum of understanding with Amazon to explore the development of small modular reactors in Virginia. This collaboration aims to add at least 300 MW of new capacity to the Virginia grid, supporting Amazon's operations while advancing nuclear technology deployment
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