UGI Utilities Sold HVAC Business

UGI Utilities' operating income increased partly due to a decrease in other income, as the prior year included incremental income from the sale of its HVAC business. This indicates a divestiture of the HVAC segment by the utility.

“Operating income increased reflecting higher total margin and the decrease in operating and administrative expenses, partially offset by a decrease in other income as the prior year included incremental income from construction services and the sale of Utility's HVAC business.”

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