UGI Corp (UGI)

NYSE Utilities Gas Utilities S&P MidCap 400

$37.04

-0.18 (-0.48%)

Close of Nov 06, 2026 · end-of-day data

Source: UGI Corp's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$5.69B	$6.12B	$7.65B	$7.21B	$6.45B	$7.35B	$9.98B	$8.76B	$7.04B	$7.15B
Cost of revenue	—	$2.84B	$4.08B	$4.32B	$3.15B	$2.61B	$5.97B	$6.94B	$3.53B	$3.65B
Gross profit	—	$3.28B	$3.58B	$2.89B	$3.30B	$4.73B	$4.01B	$1.82B	$3.52B	$3.49B
Selling, general & admin	—	—	$2.01B	$1.96B	$1.91B	$2.01B	$2.03B	$2.16B	$2.13B	$2.01B
Operating income	$992.40M	$1.01B	$1.06B	$617.00M	$982.00M	$2.35B	$1.67B	-$1.44B	$770.00M	$1.11B
Interest expense	—	—	$230.00M	$258.00M	$322.00M	$310.00M	$329.00M	$379.00M	$394.00M	$411.00M
Pre-tax income	$710.00M	$701.40M	$855.00M	$401.00M	$667.00M	$1.99B	$1.39B	-$1.84B	$340.00M	$696.00M
Income tax	$221.20M	$177.60M	$33.00M	$93.00M	$135.00M	$522.00M	$313.00M	-$335.00M	$71.00M	$18.00M
Net income	$364.70M	$436.60M	$719.00M	$256.00M	$532.00M	$1.47B	$1.07B	-$1.50B	$269.00M	$678.00M
EBITDA	$1.39B	$1.43B	$1.52B	$1.06B	$1.47B	$2.85B	$2.18B	-$912.00M	$1.32B	$1.67B
EPS (basic)	$2.11	$2.51	$4.13	$1.44	$2.55	$7.02	$5.11	$-7.16	$1.27	$3.15
EPS (diluted)	$2.08	$2.46	$4.06	$1.41	$2.54	$6.92	$4.97	$-7.16	$1.25	$3.09
Diluted shares	175.57M	177.16M	176.91M	181.11M	209.87M	212.13M	215.82M	209.81M	215.27M	219.16M
Gross margin	—	53.6%	46.7%	40.0%	51.2%	64.4%	40.2%	20.8%	49.9%	48.9%
Operating margin	17.5%	16.5%	13.9%	8.6%	15.2%	32.0%	16.7%	-16.5%	10.9%	15.5%
Net margin	6.4%	7.1%	9.4%	3.6%	8.2%	20.0%	10.8%	-17.1%	3.8%	9.5%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$502.80M	$558.00M	$452.00M	$447.00M	$336.00M	$855.00M	$405.00M	$241.00M	$213.00M	$335.00M
Receivables	$551.60M	$626.80M	$751.90M	$641.00M	$652.00M	$880.00M	$1.13B	$878.00M	$709.00M	$714.00M
Inventory	$210.30M	$278.60M	$318.20M	$230.00M	$241.00M	$469.00M	$665.00M	$433.00M	$411.00M	$385.00M
Total current assets	$1.42B	$1.70B	$1.89B	$1.57B	$1.54B	$3.27B	$3.80B	$2.04B	$1.65B	$1.77B
Goodwill	$2.99B	$3.11B	$3.16B	$3.46B	$3.52B	$3.77B	$3.61B	$3.03B	$2.87B	$2.85B
Total assets	$10.85B	$11.58B	$11.98B	$13.35B	$13.98B	$16.72B	$17.57B	$15.40B	$15.10B	$15.46B
Total current liabilities	$1.44B	$1.69B	$1.73B	$2.03B	$1.75B	$2.30B	$2.44B	$2.27B	$2.06B	$1.98B
Short-term debt	$29.50M	$177.50M	$18.80M	$24.00M	$53.00M	$110.00M	$149.00M	$57.00M	$235.00M	$117.00M
Long-term debt	$3.77B	$3.99B	$4.15B	$5.78B	$5.98B	$6.34B	$6.48B	$6.54B	$6.44B	$6.53B
Total debt	$3.80B	$4.17B	$4.17B	$5.80B	$6.03B	$6.45B	$6.63B	$6.60B	$6.68B	$6.65B
Total liabilities	$7.25B	$7.84B	$7.88B	$9.52B	$9.85B	$11.19B	$11.50B	$11.01B	$10.74B	$10.68B
Shareholders' equity	$2.84B	$3.16B	$3.68B	$3.82B	$4.13B	$5.52B	$6.07B	$4.39B	$4.34B	$4.78B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$969.70M	$964.40M	$1.08B	$1.08B	$1.10B	$1.48B	$716.00M	$1.11B	$1.18B	$1.23B
Capital expenditures	$563.80M	$638.90M	$574.00M	$705.00M	$655.00M	$690.00M	$804.00M	$974.00M	$796.00M	$837.00M
Free cash flow	$405.90M	$325.50M	$511.00M	$373.00M	$447.00M	$791.00M	-$88.00M	$133.00M	$386.00M	$390.00M
Investing cash flow	-$612.30M	-$768.70M	-$749.00M	-$2.06B	-$649.00M	-$1.11B	-$1.01B	-$1.08B	-$792.00M	-$699.00M
Financing cash flow	-$275.10M	-$146.60M	-$438.00M	$1.04B	-$635.00M	$166.00M	-$51.00M	-$168.00M	-$506.00M	-$406.00M
Dividends paid	$160.70M	$168.90M	$177.00M	$200.00M	$273.00M	$282.00M	$296.00M	$308.00M	$318.00M	$322.00M
Share buybacks	$47.60M	$43.30M	$60.00M	$17.00M	$38.00M	$0	$38.00M	$22.00M	$0	$33.00M
Stock-based compensation	$23.80M	$19.30M	$23.00M	$18.00M	$15.00M	$21.00M	$15.00M	$17.00M	$8.00M	$18.00M
Depreciation & amortization	$400.90M	$416.30M	$455.00M	$448.00M	$484.00M	$502.00M	$518.00M	$532.00M	$551.00M	$561.00M

Income statement

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	$1.38B	$2.07B	$2.41B	$1.35B	$1.21B	$1.99B	$2.63B	$1.36B	$1.17B	$2.06B	$2.67B	$1.30B
Cost of revenue	$579.00M	$1.20B	$1.03B	$639.00M	$658.00M	$923.00M	$1.30B	$837.00M	$593.00M	$1.01B	$1.19B	$758.00M
Gross profit	$800.00M	$872.00M	$1.38B	$713.00M	$550.00M	$1.06B	$1.33B	$523.00M	$573.00M	$1.05B	$1.48B	$541.00M
Selling, general & admin	$519.00M	$530.00M	$591.00M	$501.00M	$510.00M	$497.00M	$546.00M	$481.00M	$487.00M	$520.00M	$559.00M	$491.00M
Operating income	$237.00M	$232.00M	$717.00M	$67.00M	-$246.00M	$487.00M	$700.00M	-$93.00M	$13.00M	$454.00M	$758.00M	-$44.00M
Interest expense	$98.00M	$100.00M	$100.00M	$96.00M	$98.00M	$102.00M	$102.00M	$101.00M	$106.00M	$111.00M	$111.00M	$109.00M
Pre-tax income	$157.00M	$120.00M	$629.00M	-$55.00M	-$354.00M	$417.00M	$594.00M	-$228.00M	-$87.00M	$351.00M	$660.00M	-$161.00M
Income tax	$26.00M	$26.00M	$133.00M	-$7.00M	-$81.00M	$42.00M	$115.00M	-$65.00M	-$74.00M	$54.00M	$140.00M	-$28.00M
Net income	$131.00M	$94.00M	$496.00M	-$48.00M	-$273.00M	$375.00M	$479.00M	-$163.00M	-$13.00M	$297.00M	$520.00M	-$133.00M
EBITDA	$372.00M	$369.00M	$855.00M	$206.00M	-$109.00M	$625.00M	$838.00M	$47.00M	$158.00M	$594.00M	$896.00M	$94.00M
EPS (basic)	$0.62	$0.45	$2.36	$-0.23	$-1.31	$1.74	$2.23	$-0.76	$-0.07	$1.38	$2.42	$-0.62
EPS (diluted)	$0.62	$0.44	$2.30	$-0.23	$-1.27	$1.74	$2.19	$-0.76	$-0.07	$1.34	$2.33	$-0.62
Diluted shares	-5.00K	215.57M	215.25M	210.68M	53.00K	215.69M	218.94M	214.81M	737.00K	221.42M	222.71M	214.69M
Gross margin	58.0%	42.0%	57.3%	52.7%	45.5%	53.6%	50.6%	38.5%	49.1%	51.0%	55.5%	41.6%
Operating margin	17.2%	11.2%	29.7%	5.0%	-20.4%	24.5%	26.6%	-6.8%	1.1%	22.0%	28.4%	-3.4%
Net margin	9.5%	4.5%	20.6%	-3.6%	-22.6%	18.9%	18.2%	-12.0%	-1.1%	14.4%	19.5%	-10.2%

Balance sheet

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Cash & equivalents	$241.00M	$204.00M	$263.00M	$183.00M	$213.00M	$240.00M	$426.00M	$350.00M	$335.00M	$251.00M	$494.00M	$476.00M
Receivables	$878.00M	$1.19B	$1.19B	$827.00M	$709.00M	$1.02B	$1.18B	$825.00M	$714.00M	$1.05B	$1.18B	$768.00M
Inventory	$433.00M	$441.00M	$375.00M	$379.00M	$411.00M	$381.00M	$341.00M	$359.00M	$385.00M	$392.00M	$319.00M	$352.00M
Total current assets	$2.04B	$2.29B	$2.21B	$1.72B	$1.65B	$2.05B	$2.30B	$1.80B	$1.77B	$2.10B	$2.51B	$2.27B
Goodwill	$3.03B	$3.07B	$3.05B	$3.03B	$2.87B	$2.81B	$2.85B	$2.89B	$2.85B	$2.83B	$2.79B	$2.78B
Total assets	$15.40B	$15.72B	$15.62B	$15.07B	$15.10B	$15.41B	$15.75B	$15.36B	$15.46B	$15.81B	$16.12B	$15.63B
Total current liabilities	$2.27B	$2.34B	$1.82B	$1.89B	$2.06B	$2.04B	$1.86B	$2.55B	$1.98B	$2.68B	$2.51B	$1.58B
Short-term debt	$57.00M	$54.00M	$54.00M	$286.00M	$235.00M	$253.00M	$18.00M	$905.00M	$117.00M	$807.00M	$807.00M	$18.00M
Long-term debt	$6.54B	$6.77B	$6.73B	$6.29B	$6.44B	$6.60B	$6.60B	$5.68B	$6.53B	$5.97B	$5.99B	$6.70B
Total debt	$6.60B	$6.82B	$6.78B	$6.57B	$6.68B	$6.85B	$6.62B	$6.59B	$6.65B	$6.77B	$6.79B	$6.71B
Total liabilities	$11.01B	$11.28B	$10.79B	$10.38B	$10.74B	$10.82B	$10.72B	$10.48B	$10.68B	$10.80B	$10.69B	$10.41B
Shareholders' equity	$4.39B	$4.42B	$4.82B	$4.68B	$4.34B	$4.58B	$5.01B	$4.87B	$4.78B	$5.00B	$5.42B	$5.21B

Cash flow

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Operating cash flow	$250.00M	$119.00M	$522.00M	$390.00M	$151.00M	$164.00M	$684.00M	$289.00M	$90.00M	$66.00M	$664.00M	$242.00M
Capital expenditures	$304.00M	$156.00M	$169.00M	$205.00M	$266.00M	$211.00M	$146.00M	$222.00M	$258.00M	$221.00M	$170.00M	$226.00M
Free cash flow	-$54.00M	-$37.00M	$353.00M	$185.00M	-$115.00M	-$47.00M	$538.00M	$67.00M	-$168.00M	-$155.00M	$494.00M	$16.00M
Investing cash flow	-$316.00M	-$165.00M	-$188.00M	-$198.00M	-$241.00M	-$232.00M	-$135.00M	-$132.00M	-$200.00M	-$145.00M	-$152.00M	-$172.00M
Financing cash flow	$76.00M	$3.00M	-$324.00M	-$287.00M	$102.00M	$95.00M	-$363.00M	-$237.00M	$99.00M	-$6.00M	-$247.00M	-$73.00M
Dividends paid	$78.00M	$79.00M	$78.00M	$81.00M	$80.00M	$81.00M	$80.00M	$80.00M	$81.00M	$81.00M	$80.00M	$80.00M
Share buybacks	$0	$0	$0	$0	$0	$0	$17.00M	$0	$16.00M	$12.00M	$11.00M	$0
Depreciation & amortization	$135.00M	$137.00M	$138.00M	$139.00M	$137.00M	$138.00M	$138.00M	$140.00M	$145.00M	$140.00M	$138.00M	$138.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.