Why did UGI's Q2 2024 EPS fall short of forecasts?

The EPS of UGI's Q2 2024 did not fall short of forecasts. In fact, the company's EPS exceeded estimates due to cost management and strategic shifts, despite a revenue shortfall.

1. Cost Management and Strategic Shifts: UGI's active cost management and strategic shifts have improved its financial performance. For instance, the company's non-GAAP EPS of $1.97 for Q2 2024 beat expectations by $0.33. This indicates that UGI's effective cost management and strategic adjustments have positively impacted its profitability.
2. Revenue Shortfall: Although UGI's total revenues were slightly below expectations, the company's gross profit was robust at $741 million. This suggests that while UGI faced some revenue challenges, its profitability was not significantly compromised.

In conclusion, UGI's Q2 2024 EPS did not fall short of forecasts due to effective cost management and strategic shifts, despite a revenue shortfall.