Pricing Log in Create free account
Monday 2 November 2026 Export UGI’s income statement to Excel — free account

UGI Corporation

UGI Utilities Utilities Regulated Gas

UGI Corporation’s revenue for fiscal 2025 (year ended September 2025) was $7.3 billion, up 1.07% from fiscal 2024.

Revenue
−4.52%
EPS
+18.4%
Free cash flow
−56.5%
Total debt
+1.37%

Quarter to June 2026, against a year earlier

38.77 0.10 +0.26%
Market cap
$8.3B
P/E
12.4×
Fwd P/E
13.7×
Dividend yield
3.87%
F-score
6/9
Altman Z
1.39
Beneish M
−2.60
Dividend safety
56/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Revenue by segment Fiscal 2016

  • AmeriGas Propane
  • UGI International
  • Midstream & Marketing
  • Utilities

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 2.61
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 — 1 — — — 1 — — — — —
Insider Ownership 0.21%

Capital & Financial Ratios $m

Size
Market Cap 8,290.00
Revenue ttm 7,296.00
Net income ttm 671.00
Free cash flow ttm 402.00
Net debt Q 6,526.00
Valuation
P/E 12.43
Forward P/E 13.70
Price / sales 1.14
Forward P/S Powerpack
Price / FCF 20.71
Price / book 1.59
Financial health
Current ratio Q 1.44
Debt / equity Q 1.35
Interest coverage Q (0.40)
Growth
Revenue growth Q −4.52% (below 0%: shrinking)
Operating income growth Q +52.69% (above 0%: growing)
EPS, this year −15.48% (below 0%: weak)
EPS, next year A +14.33%
Revenue, next year A +0.84%
EPS, past 5 yrs +4.00%
EPS, next 5 yrs A +1.64%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.0×, against a ten-year median of 1.9×; over the ten years it ranged from 1.2× in 2023 to 2.3× in 2021.
P/E against its own 10 years 32.10%
10-year low 10-year high
P/S against its own 10 years 55.80%
10-year low 10-year high
P/B against its own 10 years 42.14%
10-year low 10-year high
EV/Sales against its own 10 years 81.50%
10-year low 10-year high
EV/FCF against its own 10 years 76.68%
10-year low 10-year high

Dividends

Yield
3.87%
Annual rate
1.50
Payout ratio
50.2%
Growth, 2016–25
+5.33%/yr
  1. 0.94 ’16
  2. 0.99 ’17 +5%
  3. 1.03 ’18 +4%
  4. 1.21 ’19 +17%
  5. 1.32 ’20 +9%
  6. 1.37 ’21 +4%
  7. 1.43 ’22 +4%
  8. 1.49 ’23 +4%
  9. 1.50 ’24 +1%
  10. 1.50 ’25 +0%
  11. 1.50 ’26e +0%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 340 228 355 523
Receivables 914 765 755 810
Inventory 433 411 385 352
Other 235 134 169 411
2,045 1,651 1,766 2,274
2023 2024 2025 Q'26
Payables 613 544 511 433
ST’ Debt 706 700 603 354
Other 813 620 664 793
2,274 2,060 1,981 1,580

Compound Annual Growth %

10y 5y 3y
Sales 0.86% 2.13% (10.33%)
Cash Flow 0.53% 2.17% 19.67%
Earnings 9.21% 4.97% (14.19%)
Book Value 2.97% 2.96% (7.64%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate −0.35 Actual −0.20

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.44 −0.23 Beat by 0.21
Q1 FY26 1.50 1.26 Miss by 0.24
Q2 FY26 2.27 2.09 Miss by 0.18
Q3 FY26 −0.35 −0.20 Beat by 0.15
Q4 FY26 −0.32 — Reports 18 November 2026

EPS $

Dec Mar Jun Sep Year
’26 1.34 2.33 (0.62) — —
’25 1.74 2.19 (0.76) (0.06) 3.09
’24 0.44 2.30 (0.23) (1.27) 1.25
’23 (4.54) 0.51 (3.76) 0.61 (7.16)
’22 (0.46) 4.32 (0.03) 1.13 4.97
’21 1.44 2.33 0.71 2.43 6.92
’20 1.00 1.07 0.41 0.04 2.54
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 2,083 2,685 1,331 — —
’25 2,030 2,666 1,394 1,197 7,287
’24 2,121 2,467 1,380 1,242 7,210
’23 2,759 3,106 1,659 1,404 8,928
’22 2,673 3,466 2,033 1,934 10,106
’21 1,932 2,581 1,496 1,438 7,447
’20 2,007 2,229 1,199 1,124 6,559
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 66 664 242 — —
’25 164 684 289 90 1,227
’24 119 522 390 151 1,182
’23 (240) 664 433 250 1,107
’22 (594) 994 448 (132) 716
’21 151 495 401 434 1,481
’20 118 444 401 139 1,102
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 (77) 514 70 — —
’25 (43) 547 161 (105) 560
’24 (27) 362 208 (64) 479
’23 (450) 460 174 (21) 163
’22 (780) 825 252 (341) (44)
’21 (36) 378 245 243 830
’20 (64) 284 272 (45) 447
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 5,686 6,121 7,651 7,320 6,559 7,447 10,106 8,928 7,210 7,287 7,296 +2.8% 7,348 7,730 7,976 +3.1%
Gross margin, % 57.13 53.64 46.74 40.94 51.99 64.90 40.90 22.30 51.05 49.86 51.34 (7.3) pt
EBT 710 701 855 401 667 1,989 1,387 (1,837) 340 696 763 (0.2%)
EBT margin, % 12.49 11.46 11.18 5.48 10.17 26.71 13.72 (20.58) 4.72 9.55 10.46 (2.9) pt
Net income 489 524 822 308 532 1,467 1,074 (1,502) 269 678 671 +3.7%
Per share, $
Per share, $ Revenue 32.84 35.24 43.99 41.03 31.39 35.62 48.14 42.55 34.12 33.90 33.98 +0.4%
Earnings 2.11 2.51 4.13 1.44 2.55 7.02 5.11 (7.16) 1.27 3.15 3.12 +4.6%
Cash flow 5.60 5.55 6.24 6.04 5.27 7.08 3.41 5.28 5.59 5.71 4.95 +0.2%
Capex (3.26) (3.68) (3.30) (3.95) (3.14) (3.11) (3.62) (4.50) (3.33) (3.10) (3.07) (0.5%)
Free cash flow 2.34 1.87 2.94 2.09 2.14 3.97 (0.21) 0.78 2.27 2.61 1.87 +1.2%
Book value 20.76 21.54 23.58 21.45 19.80 26.46 28.93 20.94 20.60 22.27 24.32 +0.8%
Shares, m 173 174 174 178 209 209 210 210 211 215 215 +2.4%
Valuation, ×
Valuation, × P/E 21.44 18.82 13.29 33.51 12.98 6.07 6.33 0.00 19.10 10.56 12.43 14.2
P/S 1.38 1.35 1.25 1.23 1.05 1.20 0.67 0.52 0.73 0.98 1.14 1.0
P/B 2.18 2.20 2.33 2.34 1.67 1.68 1.15 1.09 1.21 1.49 1.59 1.7
EV/Sales 2.01 1.99 1.79 2.06 1.97 1.99 1.32 1.29 1.69 1.91 2.04 1.8
EV/FCF 28.09 37.50 26.80 40.37 28.89 17.89 (302.69) 70.65 25.47 24.87 36.94 (0.2)
Cash, $m
Cash, $m Operating cash flow 970 964 1,085 1,078 1,102 1,481 716 1,107 1,182 1,227 1,062 +2.6%
Capex (564) (639) (574) (705) (655) (651) (760) (944) (703) (667) (660) +1.9%
Free cash flow 406 326 511 373 447 830 (44) 163 479 560 402 +3.6%
Balance, $m
Balance, $m Working capital (18) 7 156 (462) (212) 973 1,358 (229) (409) (215) 694 +31.6%
Net debt 3,569 3,970 4,128 6,089 6,024 5,939 6,531 6,909 6,915 6,779 6,526 +7.4%
Shareholders’ equity 3,595 3,741 4,100 3,827 4,137 5,531 6,074 4,394 4,354 4,786 5,222 +3.2%
Returns, %
Returns, % ROA 3.41 3.89 6.10 2.02 3.89 9.55 6.26 (9.11) 1.76 4.44 4.33 +1.0 pt
ROIC 8.62 8.19 8.09 3.89 6.04 12.81 8.26 (7.98) 4.27 5.98 6.28 (2.6) pt
ROE 10.18 11.90 18.34 6.46 13.36 31.03 19.11 (29.63) 6.27 14.84 13.28 +4.7 pt
People
People Employees 13,320 8,100 7,700 7,550 6,500 5,800 4,700 5,160 4,850 4,600 — (11.1%)
Revenue/emp, $m 0.43 0.76 0.99 0.97 1.01 1.28 2.15 1.73 1.49 1.58 — +15.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Where the money comes from and where it goes Fiscal 2016

Fiscal 2016: revenue by segment, and margins
AmeriGas Propane 2,312 40.66%
UGI International 1,869 32.87%
Midstream & Marketing 752 13.23%
Utilities 751 13.22%
Gross margin 57.13%
Operating margin 17.38%
Pre-tax margin 12.49%

Revenue by segment since 2009

UGI Corporation vs peers in Utilities Regulated Gas (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NI NiSource, Inc $21.4B 22.8× 21.9× +5.99% (above 0%: growing) +44.85% (above 0%: growing) −278.39% (below 0%: shrinking) 84.64% 25.22% Compare
UGI UGI Corporation $8.3B 12.4× 13.7× −4.52% (below 0%: shrinking) n/m −56.52% (below 0%: shrinking) 43.05% (3.31%)
SWX Southwest Gas Corporation $6.7B 12.2× 21.4× −9.63% (below 0%: shrinking) n/m −157.57% (below 0%: shrinking) 89.27% 23.54% Compare
BKH Black Hills Corporation $6.3B 20.1× 19.0× +3.14% (above 0%: growing) +33.81% (above 0%: growing) +24.09% (above 0%: growing) 74.93% 21.42% Compare
NJR NewJersey Resources Corporation $5.4B 14.8× 15.0× +16.80% (above 0%: growing) n/m −3.14% (below 0%: shrinking) 57.69% 9.13% Compare
SR Spire Inc. $5.2B 9.9× 21.9× −0.40% (below 0%: shrinking) +1,131.03% (above 0%: growing) +0.22% (above 0%: growing) 75.92% 5.57% Compare
OGS ONE Gas, Inc. $4.9B 17.1× 16.2× −2.86% (below 0%: shrinking) +39.62% (above 0%: growing) +511.45% (above 0%: growing) 78.07% 20.08% Compare
MDU MDU Resources Group, Inc. $4.2B 20.9× 20.1× +6.87% (above 0%: growing) +42.86% (above 0%: growing) −58.85% (below 0%: shrinking) 64.77% 12.78% Compare
CPK Chesapeake Utilities Corporation $3.3B 22.1× 21.2× +4.72% (above 0%: growing) +2.91% (above 0%: growing) +38.63% (above 0%: growing) 74.39% 26.20% Compare
Median of peers $5.3B 18.6× 20.7× +3.93% +41.24% −1.46% 75.43% 20.75%

All 14 Utilities Regulated Gas stocks →

UGI Corporation (UGI) Latest News

27 Oct

Impact 3 · · 24/7 Wall St.

3 Oct

Impact 3 · · Simply Wall St.

28 Aug

Impact 5 ·

21 Aug

Impact 4 ·

18 Aug

Impact 4 · · Stocktwits

14 Aug

Impact 3 ·

13 Aug

Impact 3 ·
Impact 3 · · The Motley Fool transcript

9 Aug

Impact 3 · · MarketBeat transcript

6 Aug

Impact 3 · · Moby transcript

5 Aug

Impact 3 ·

1 Jul

Impact 3 ·

7 Jun

Impact 4 · · Simply Wall St.
Impact 3 ·

13 May

Impact 4 · · Business Wire
Impact 4 · · Simply Wall St.

12 May

Impact 3 · · Business Wire

11 May

Impact 3 · · Business Wire
Impact 3 · · Business Wire
Impact 3 · · Business Wire

8 May

Impact 3 · · Zacks

7 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby

6 May

Impact 4 · · Business Wire
Impact 4 · · Business Wire
Impact 3 · · Zacks

4 May

Impact 4 · · MarketBeat

29 Apr

Impact 4 · · power-technology.com

28 Apr

Impact 4 · · Business Wire

6 Mar

Impact 3 ·
stockrow.com/UGI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com