UGI Corporation delivered a robust QQ2 2024 performance driven by its natural gas portfolio, supported by favorable regulated utility dynamics and solid cost control. Reported GAAP metrics show revenue of $2.468B with gross profit of $1.274B and operating income of $683M, while adjusted earnings per share (EPS) for the quarter stood at $1.97, catalyzed by a 32% year-over-year increase in adjusted net income from the natural gas businesses. Management highlighted an ongoing program to improve the earnings quality across the portfolio, including significant cost reductions (approximately $27M YoY), and reiterated guidance for fiscal 2024 adjusted EPS in the $2.70–$3.00 range. The quarter also reflected ongoing strategic actions, notably the LPG business review (AmeriGas) and a multi-year plan to stabilize AmeriGas, optimize capital deployment, and strengthen the balance sheet.