Current UGI Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

UGI subsidiary to acquire Columbia Midstream from TC Energy subsidiary
UGI Corporation (stock ticker: UGI) subsidiary UGI Energy Services has signed a definitive agreement to acquire the equity interests of Columbia Midstream Group (CMG) from a subsidiary of TC Energy Corporation (stock ticker: TRP) for approximately $1.275 billion.

The assets owned by CMG include five gathering systems with a capacity of roughly 2,675,000 MMBtu per day and 240 miles of pipeline, located in the southwestern region of the Appalachian Basin. UGI expects that the transaction will be EPS neutral in the 2020 fiscal year, and accretive beginning in the 2021 fiscal year, excluding transaction and integ...

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