Monday 2 November 2026 Export UGI’s income statement to Excel — free account

UGI Corporation

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%

Follow UGI

Alert me

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 Segments Filings

UGI Corporation (UGI) revenue by segment, product and region

Where the money comes from and where it goes

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 product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Retail	3,738 52.30%	3,733 52.99%	3,952 45.11%	4,436 44.44%	3,957 53.85%	3,499 54.23%	4,008 55.58%
Energy Marketing	998 13.96%	980 13.91%	2,139 24.42%	2,951 29.57%	1,564 21.28%	1,233 19.11%	1,521 21.09%
Residential	970 13.57%	873 12.39%	1,020 11.64%	875 8.77%	568 7.73%	563 8.73%	553 7.67%
Commercial & Industrial	385 5.39%	344 4.88%	413 4.71%	365 3.66%	218 2.97%	215 3.33%	226 3.13%
Other	251 3.51%	260 3.69%	274 3.13%	286 2.87%	275 3.74%	312 4.84%	314 4.35%
Wholesale	231 3.23%	270 3.83%	325 3.71%	496 4.97%	328 4.46%	211 3.27%	233 3.23%
Pipeline	225 3.15%	246 3.49%	251 2.86%	211 2.11%	181 2.46%	168 2.60%	95 1.32%
Large delivery service	196 2.74%	183 2.60%	177 2.02%	171 1.71%	148 2.01%	142 2.20%	138 1.91%
Off-system sales and capacity releases	74 1.04%	67 0.95%	89 1.02%	76 0.76%	51 0.69%	48 0.74%	46 0.64%
Other	31 0.43%	36 0.51%	43 0.49%	23 0.23%	21 0.29%	14 0.22%	15 0.21%
Peaking	27 0.38%	10 0.14%	31 0.35%	48 0.48%	16 0.22%	6 0.09%	17 0.24%
Other	21 0.29%	16 0.23%	14 0.16%	9 0.09%	8 0.11%	7 0.11%	2 0.03%
Electricity Generation	—	27 0.38%	33 0.38%	34 0.34%	13 0.18%	34 0.53%	43 0.60%
Total Non-Utility	5,491	5,542	7,019	8,471	6,342	5,470	6,233
Total Utility	1,656	1,503	1,742	1,510	1,006	982	978
Revenue	7,147	7,045	8,761	9,981	7,348	6,452	7,211

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
AmeriGas Propane	2,201 30.80%	2,193 31.13%	2,496 28.49%	2,864 28.69%	2,548 34.68%	2,315 35.88%	2,618 36.31%	2,312 40.66%	2,885 43.12%	3,713 44.86%	3,169 44.04%	2,922 44.80%	2,538 41.67%	2,320 41.50%	2,260 39.39%
UGI International	2,077 29.06%	2,240 31.80%	2,927 33.41%	3,652 36.59%	2,617 35.62%	2,104 32.61%	2,339 32.44%	1,869 32.87%	1,809 27.03%	—	—	—	—	—	—
Utilities	1,736 24.29%	1,552 22.03%	1,816 20.73%	1,615 16.18%	1,070 14.56%	1,029 15.95%	1,046 14.51%	751 13.22%	982 14.67%	1,087 13.13%	839 11.66%	785 12.04%	1,026 16.85%	1,048 18.73%	1,241 21.63%
Midstream & Marketing	1,483 20.75%	1,368 19.42%	1,845 21.06%	2,324 23.28%	1,401 19.07%	1,233 19.11%	1,510 20.94%	752 13.23%	1,012 15.13%	—	—	—	—	—	—
Midstream And Marketing, Energy Services	—	—	—	—	—	—	—	—	—	1,389 16.78%	969 13.47%	816 12.52%	1,024 16.81%	1,105 19.77%	—
UGI France	—	—	—	—	—	—	—	—	—	1,296 15.65%	1,323 18.38%	1,121 17.20%	1,051 17.25%	887 15.87%	838 14.60%
International Propane, Other	—	—	—	—	—	—	—	—	—	1,027 12.41%	857 11.91%	825 12.65%	438 7.19%	172 3.08%	118 2.05%
Midstream And Marketing, Electric Generation	—	—	—	—	—	—	—	—	—	85 1.03%	71 0.99%	44 0.67%	49 0.80%	59 1.05%	—
Corporate and Other	—	—	—	—	—	—	—	—	—	—	—	187 2.86%	198 3.25%	204 3.65%	91 1.58%
Intersegment Eliminations	—	—	—	—	—	—	—	—	—	—	—	(179) (2.74%)	(233) (3.83%)	(204) (3.65%)	—
Midstream Marketing	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1,225 21.34%
Electric Utility	—	—	—	—	—	—	—	—	—	—	—	—	—	—	139 2.41%
Business Intersegment, Eliminations [Member] (Deprecated 2012-01-31)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	(172) (3.01%)
Eliminations	(350) (4.90%)	(308) (4.37%)	(323) (3.69%)	(474) (4.75%)	(288) (3.92%)	(229) (3.55%)	(302) (4.19%)	—	—	(319) (3.85%)	—	—	—	—	—
Revenue	7,147	7,045	8,761	9,981	7,348	6,452	7,211	5,686	6,691	8,277	7,195	6,521	6,091	5,591	5,738

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Utilities	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
UGI International	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Midstream & Marketing	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
AmeriGas Propane	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Midstream And Marketing, Energy Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
UGI France	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
International Propane, Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Midstream And Marketing, Electric Generation	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Intersegment Eliminations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Midstream Marketing	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Electric Utility	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
AmeriGas Propane retail gallons sold	Q3 FY2026	124.0M	138.0M	−10.14%
Gas Utility system throughput – core market	Q3 FY2026	12.0B	12.0B	0.00%
Gas Utility system throughput – total	Q3 FY2026	73.0B	82.0B	−10.98%
UGI International LPG retail gallons sold	Q3 FY2026	125.0M	139.0M	−10.07%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q3 FY2024	Q2 FY2024	Q1 FY2024
AmeriGas Propane retail gallons sold	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gas Utility system throughput – core market	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gas Utility system throughput – total	‡	‡	‡	‡	‡	‡	‡	‡	‡
UGI International LPG retail gallons sold	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.