UGI Corporation reported unaudited earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported total revenues of $2,023.2 million against $1,688.8 million for the same period last year. Total operating income was $296.1 million against $188.3 million for the same period last year. Income before income taxes was $235.8 million against $152.2 million for the same period last year. Net income attributable to the company was $102.6 million or $0.90 per diluted share against $87.0 million or $0.77 per diluted share for the same period last year.

For the year, the company reported total revenues of $6,853.6 million against $6,014.5 million for the same period last year. Total operating income was $629.1 million against $552.0 million for the same period last year. Income before income taxes was $369.8 million against $372.4 million for the same period last year. Net income attributable to the company was $215.0 million or $1.89 per diluted share against $206.8 million or $1.83 per diluted share for the same period last year. Capital expenditures decreased $7.8 million primarily due to the absence of expenditures from the LNG expansion project, which was completed in August, and lower electric generation expenditures ($2.7 million) primarily due to the prior-year outage at Hunlock. These decreases were partially offset by increased expenditures in the current-year period related to natural gas storage enhancements. Operating income was higher due to the increase in total margin and the absence of expenses recorded in the prior year associated with a planned outage at the Conemaugh generating station partially offset by higher current-year depreciation expense and higher operating and administrative costs.