undamentalytics Newsletter
Sign in

UGI Corp (UGI) stock

Add to watchlist

Add holding +

NYSE: UGI NYSE Gas Utilities Next results ~November 18, 2026

D Fundamentals grade

UGI Corp is a US-listed company in the gas utilities industry. Its financial year ends in September.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 103% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 103% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

UGI Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 5 selling0 purchases and 7 sales by directors and officers, last 12 monthsInsider trades
  • Funds342 adding, 231 cuttingOf 60 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter UGI files

Where UGI stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $7.30bn, down 0.5% on a year earlier, slower than 0.6% a quarter earlier. That puts it 839 of 931 for growth among all the companies we cover. Free-cash-flow margin fell to 2.6% from 6.0% a year earlier. Operating margin widened to 16.2% from 11.6%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 3 financial-health checks. Our cash-flow model value is $-0.59 a share, against a share price of $38.50.

Our model value for UGI is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 18, 2026 (estimated)

UGI Corp's trailing-twelve-month revenue fell 0.5% year on year, with a free-cash-flow margin of 2.6%. Where it lags: revenue growth of -0.5% ranks 11 of 12 gas utilities companies we cover.

Our discounted-cash-flow model values the business at ~$25 per share in the base case (~$11–$43 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 57.8% while net income grew 60.5%: a 118pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 4.6 points on a year ago.

Things to watch

  • Revenue shrinking. Revenue fell 0.5% over the last 12 months.
  • Weak cash conversion. Free cash flow was 28% of net income over the last 12 months.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 42.8% ranks 10 of 12 gas utilities companies we cover (median 39.9%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2026 Q3

Filed August 6, 2026
Earnings per share
-$0.20 against an average estimate of -$0.13: missed by 53.8%
Revenue
$1.33bn, down 4.5% on a year earlier
Share reaction
-3.8% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
adjusted diluted EPS $2.75 to $2.9 (fiscal 2026)
Next report
November 18, 2026; average EPS estimate -$0.91

UGI's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.2%
  • 1 week-1.0%
  • 1 month+4.1%
  • This year+6.7%
  • 1 year+20.7%
  • 5 years+10.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$7.3B
Operating margin
16.2%
Net margin
9.2%
EPS (TTM, diluted)
$3.03

Growth

Revenue growth
−0.5%
Change in growth rate
−1.1 pts
Share count change
+2.0%

Cash

Free cash flow (TTM)
$187M
FCF margin
2.6%

Earnings

Last results
August 6, 2026
Next results (est.)
November 20, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Agreement
  3. Agreement
  4. Agreement
  5. Leadership
  6. Results
  7. Guidance
  8. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

UGI Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 103% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value UGI Corp as an utility or power producer, with every model that fits that kind of business. Cost of equity 7.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.48 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Utility earnings model Net income growing 3% a year, discounted at 8%: for regulated investment that makes free cash flow negative. ~$64 ~$53–$81 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$50 ~$50–$62 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$24 ~$21–$28 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$24 ~$17–$34 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$24 ~$20–$31 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare UGI Corp with utilities and power producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$31.24$33.03$39.94$36.98$25.23$33.68$26.49$19.79$22.94$31.93$38.73
Market value$5.5bn$5.9bn$7.1bn$6.7bn$5.3bn$7.1bn$5.7bn$4.2bn$4.9bn$7.0bn$8.6bn
+ Net debt (− = net cash)$3.6bn$3.6bn$3.7bn$5.4bn$5.7bn$5.6bn$6.2bn$6.4bn$6.5bn$6.3bn$6.2bn
Enterprise value$9.1bn$9.5bn$10.8bn$12.1bn$11.0bn$12.7bn$11.9bn$10.5bn$11.4bn$13.3bn$14.8bn
Multiples
Price / sales 1.0x1.0x0.9x0.9x0.8x1.0x0.6x0.5x0.7x1.0x1.2x
Price / earnings 15.0x13.4x9.8x26.2x10.0x4.9x5.3x—18.4x10.3x12.8x
Price / free cash flow 13.5x18.0x13.8x18.0x11.8x9.0x—31.2x12.8x17.9x45.9x
EV / EBITDA 6.5x6.6x7.1x11.3x7.5x4.5x5.5x—8.6x8.0x8.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

35 /100

Weak moat

How hard UGI's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 3 / 20

    Net income has been a median 3.4% of total assets over 10 years.

  • Durability 3 / 20

    Operating margin has been a median 13.6%; its worst year was -14.6%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 5.7% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 5.5% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 18, 2026, after the close. Analysts expect revenue of $1.4bn and EPS of −$0.91 (range −$1.95 to −$0.35) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.79 −16% $7.3bn +1%
Next $3.21 +15% $7.7bn +5%

Next year's EPS estimate has moved −3.7% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −0.9% on 90 days ago. In the last 30 days, 0 analysts raised UGI Corp's forecast and 0 cut it.

Consensus EPS forecast UGI Corp, last 90 days
$2.60 $2.80 $3.00 $3.20 $3.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.81 Current fiscal year, 60 days ago: $2.80 Current fiscal year, 30 days ago: $2.80 Current fiscal year, 7 days ago: $2.80 Current fiscal year, Now: $2.79 $2.79 Next fiscal year, 90 days ago: $3.33 Next fiscal year, 60 days ago: $3.26 Next fiscal year, 30 days ago: $3.22 Next fiscal year, 7 days ago: $3.22 Next fiscal year, Now: $3.21 $3.21

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.81$3.33
60 days ago $2.80$3.26
30 days ago $2.80$3.22
7 days ago $2.80$3.22
Now $2.79$3.21

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.13 −$0.20 −53.8%
Mar 2026 $2.11 $2.09 −0.9%
Dec 2025 $1.26 $1.26 0.0%
Sept 2025 −$0.41 −$0.23 +43.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • adjusted diluted EPS fiscal 2026 $2.75 to $2.90 Non-GAAP Maintained
    “Reaffirming the revised fiscal 2026 adjusted diluted EPS guidance range of $2.75 - $2.90 2 per share.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

4 analysts, Oct 2026
Buy4100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026134
  2. Sep 2026134
  3. Aug 2026213
  4. Jul 2026213

Counts of recommendations published by analysts covering UGI Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.6%
of tradable shares
Days to cover
6.71
at average volume
Short interest, 1 month
−3%
to October 15, 2026
Held by institutions
97%
of shares
Held by insiders
0.1%
of shares
Employees
9,400
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +20.7%

$32.09 on October 31, 2025 to $38.73

ThenNowEffect
Revenue (last 12 months) $7.3bn $7.3bn −0.5%
Net margin 5.7% 9.2% +61.3%
P/E multiple 16.7x 12.8x −23.4%
Share count 217m 222m −1.9%

Biggest factor: net margin.

Last 3 years +101.3%

$19.24 on November 3, 2023 to $38.73

ThenNowEffect
Revenue (last 12 months) $9.5bn $7.3bn −22.9%
P/S multiple 0.4x 1.2x +167.9%
Share count 216m 222m −2.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
UGI+35%−16%−30%+22%+38%+7%
Industry peers (median)+12%+2%−7%+9%+15%+11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
UGI75%33%33%58%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
UGI−14%−29%−51%−14%−14%−20%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 60% from December 7, 2018 to March 23, 2020. Getting back needed a 147% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$31.66 – $39.39
From 52-week high
−1.7%
vs 50-day average
+2.9%
vs 200-day average
+7.2%
Volatility (1 year)
24%
Beta vs S&P 500
-0.01

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±6.7%
After a week
6 up, 6 down
typical move ±4.9%
After a month
7 up, 5 down
typical move ±6.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −3.8% +0.5% −0.8% +6.8%
May 7, 2026 −7.8% +0.5% −3.0% −1.1%
February 5, 2026 −8.2% +0.6% −5.3% −9.1%
November 21, 2025 +9.8% +2.5% +12.1% +10.1%
August 7, 2025 −2.9% +0.7% −1.2% −5.2%
May 8, 2025 +4.3% +0.6% +5.2% +5.8%
February 6, 2025 +2.0% −0.6% +3.1% +3.5%
November 22, 2024 +18.4% +0.7% +16.1% +14.1%
August 8, 2024 −3.7% +2.8% −0.9% −1.8%
May 2, 2024 −6.1% +2.2% −3.7% −2.3%
February 1, 2024 +10.8% +2.4% +5.8% +12.5%
November 17, 2023 +2.6% +0.9% +1.2% +9.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

UGI Corp in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) UGI Corp
$7B $7.5B $8B $8.5B $9B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $8.9B Revenue (TTM), FY24 Q1: $8.3B Revenue (TTM), FY24 Q2: $7.7B Revenue (TTM), FY24 Q3: $7.4B Revenue (TTM), FY24 Q4: $7.2B Revenue (TTM), FY25 Q1: $7.1B Revenue (TTM), FY25 Q2: $7.3B Revenue (TTM), FY25 Q3: $7.3B Revenue (TTM), FY25 Q4: $7.3B Revenue (TTM), FY26 Q1: $7.3B Revenue (TTM), FY26 Q2: $7.4B Revenue (TTM), FY26 Q3: $7.3B $7.3B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $8.9B
FY24 Q1 $8.3B
FY24 Q2 $7.7B
FY24 Q3 $7.4B
FY24 Q4 $7.2B
FY25 Q1 $7.1B
FY25 Q2 $7.3B
FY25 Q3 $7.3B
FY25 Q4 $7.3B
FY26 Q1 $7.3B
FY26 Q2 $7.4B
FY26 Q3 $7.3B
Revenue growth, TTM YoY UGI Corp
-30% -20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -11.7% Revenue growth, TTM YoY, FY24 Q1: -18.7% Revenue growth, TTM YoY, FY24 Q2: -22.2% Revenue growth, TTM YoY, FY24 Q3: -22.1% Revenue growth, TTM YoY, FY24 Q4: -19.2% Revenue growth, TTM YoY, FY25 Q1: -14.1% Revenue growth, TTM YoY, FY25 Q2: -4.4% Revenue growth, TTM YoY, FY25 Q3: -0.5% Revenue growth, TTM YoY, FY25 Q4: 1.1% Revenue growth, TTM YoY, FY26 Q1: 3.1% Revenue growth, TTM YoY, FY26 Q2: 0.6% Revenue growth, TTM YoY, FY26 Q3: -0.5% -0.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -11.7%
FY24 Q1 -18.7%
FY24 Q2 -22.2%
FY24 Q3 -22.1%
FY24 Q4 -19.2%
FY25 Q1 -14.1%
FY25 Q2 -4.4%
FY25 Q3 -0.5%
FY25 Q4 1.1%
FY26 Q1 3.1%
FY26 Q2 0.6%
FY26 Q3 -0.5%
Operating margin (TTM) UGI Corp
-20% -10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -16.2% Operating margin (TTM), FY24 Q1: -0.1% Operating margin (TTM), FY24 Q2: 5.9% Operating margin (TTM), FY24 Q3: 17.0% Operating margin (TTM), FY24 Q4: 10.7% Operating margin (TTM), FY25 Q1: 14.4% Operating margin (TTM), FY25 Q2: 13.8% Operating margin (TTM), FY25 Q3: 11.6% Operating margin (TTM), FY25 Q4: 15.2% Operating margin (TTM), FY26 Q1: 14.6% Operating margin (TTM), FY26 Q2: 15.4% Operating margin (TTM), FY26 Q3: 16.2% 16.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -16.2%
FY24 Q1 -0.1%
FY24 Q2 5.9%
FY24 Q3 17.0%
FY24 Q4 10.7%
FY25 Q1 14.4%
FY25 Q2 13.8%
FY25 Q3 11.6%
FY25 Q4 15.2%
FY26 Q1 14.6%
FY26 Q2 15.4%
FY26 Q3 16.2%
FCF margin (TTM) UGI Corp
0% 2% 4% 6% 8% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 1.5% FCF margin (TTM), FY24 Q1: 6.6% FCF margin (TTM), FY24 Q2: 5.7% FCF margin (TTM), FY24 Q3: 6.1% FCF margin (TTM), FY24 Q4: 5.4% FCF margin (TTM), FY25 Q1: 5.3% FCF margin (TTM), FY25 Q2: 7.7% FCF margin (TTM), FY25 Q3: 6.0% FCF margin (TTM), FY25 Q4: 5.4% FCF margin (TTM), FY26 Q1: 3.8% FCF margin (TTM), FY26 Q2: 3.2% FCF margin (TTM), FY26 Q3: 2.6% 2.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 1.5%
FY24 Q1 6.6%
FY24 Q2 5.7%
FY24 Q3 6.1%
FY24 Q4 5.4%
FY25 Q1 5.3%
FY25 Q2 7.7%
FY25 Q3 6.0%
FY25 Q4 5.4%
FY26 Q1 3.8%
FY26 Q2 3.2%
FY26 Q3 2.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar UGI took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $7.3B
  2. Selling, general and admin $2B · 27.6%
  3. Other operating costs $4.2B · 57.2%
  4. Operating income $1.1B · 15.2%
  5. Interest and other $411M · 5.6%
  6. Net income $678M · 9.3%

Shares of revenue. Source: UGI's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Sept 2009 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 5.7 5.6 6.1 6.5 7.2 8.3 6.7 5.7 6.1 7.7 7.3 6.6 7.4 10.1 8.9 7.2 7.3 7.3
EBITDA 0.9 0.9 0.9 0.9 1.2 1.4 1.2 1.4 1.4 1.5 1.1 1.5 2.9 2.2 −0.9 1.3 1.7 1.7
Operating income 0.7 0.7 0.6 0.5 0.8 1.0 0.8 1.0 1.0 1.1 0.6 1.0 2.4 1.7 −1.4 0.8 1.1 1.2
Net income 0.3 0.3 0.2 0.2 0.3 0.3 0.3 0.4 0.4 0.7 0.3 0.5 1.5 1.1 −1.5 0.3 0.7 0.7
Diluted EPS $1.57 $2.36 $2.17 $1.24 $1.60 $1.92 $1.60 $2.08 $2.46 $4.06 $1.41 $2.54 $6.92 $4.97 −$7.16 $1.25 $3.09 $3.03
Growth (year on year)
Revenue −13.7% −2.6% +8.9% +7.1% +10.3% +15.0% −19.2% −15.0% +7.7% +25.0% −4.3% −10.4% +13.5% +35.7% −11.7% −19.2% +1.1% −0.5%
EBITDA +15.2% −1.9% +0.1% −1.9% +39.9% +14.6% −11.7% +14.9% +2.7% +6.6% −29.9% +37.7% +94.5% −23.4% −141.8% — +26.3% +24.3%
Operating income +17.1% −3.8% −2.5% −16.2% +54.3% +21.0% −17.0% +18.3% +2.2% +5.4% −42.1% +59.2% +139.3% −29.1% −186.7% — +43.8% +39.3%
Net income +20.0% +1.0% −6.0% −14.3% +32.3% +21.3% −16.7% +29.8% +19.7% +64.7% −64.4% +107.8% +175.8% −26.9% −240.0% — +152.0% +60.5%
Diluted EPS +18.6% +50.0% −8.1% −42.9% +29.0% +20.0% −16.7% +30.0% +18.3% +65.0% −65.3% +80.1% +172.4% −28.2% −244.1% — +147.2% +57.5%
Margins
EBITDA margin 15.4% 15.5% 14.3% 13.1% 16.6% 16.5% 18.1% 24.4% 23.3% 19.9% 14.5% 22.4% 38.3% 21.6% −10.2% 18.3% 22.9% 23.9%
Operating margin 11.9% 11.8% 10.5% 8.3% 11.6% 12.1% 12.5% 17.4% 16.5% 13.9% 8.4% 15.0% 31.6% 16.5% −16.2% 10.7% 15.2% 16.2%
Net margin 4.5% 4.7% 4.0% 3.2% 3.9% 4.1% 4.2% 6.4% 7.1% 9.4% 3.5% 8.1% 19.7% 10.6% −16.8% 3.7% 9.3% 9.2%
Free-cash-flow margin 6.3% 4.5% 3.2% 5.6% 4.4% 6.6% 10.1% 7.1% 5.3% 6.7% 5.1% 6.8% 10.6% −0.9% 1.5% 5.4% 5.4% 2.6%
Cash flow
Cash from operations 0.7 0.6 0.6 0.7 0.8 1.0 1.2 1.0 1.0 1.1 1.1 1.1 1.5 0.7 1.1 1.2 1.2 1.1
Capital spending 0.3 0.3 0.4 0.3 0.5 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.7 0.8 1.0 0.8 0.8 0.9
Free cash flow 0.4 0.3 0.2 0.4 0.3 0.5 0.7 0.4 0.3 0.5 0.4 0.4 0.8 −0.1 0.1 0.4 0.4 0.2
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 —
Free cash flow after stock pay 0.4 0.2 0.2 0.4 0.3 0.5 0.6 0.4 0.3 0.5 0.4 0.4 0.8 −0.1 0.1 0.4 0.4 —
Balance sheet
Cash 0.3 0.3 0.2 0.3 0.4 0.4 0.4 0.5 0.6 0.5 0.4 0.3 0.9 0.4 0.2 0.2 0.3 0.5
Total debt 2.1 2.0 2.2 3.5 3.8 3.7 3.9 4.1 4.2 4.2 5.8 6.0 6.4 6.6 6.6 6.7 6.6 6.7
Net debt (negative = net cash) 1.9 1.7 1.9 3.2 3.4 3.3 3.5 3.6 3.6 3.7 5.4 5.7 5.6 6.2 6.4 6.5 6.3 6.2
Diluted shares 164m 166m 169m 170m 173m 175m 176m 176m 177m 177m 181m 210m 212m 216m 210m 215m 219m 222m
Returned to shareholders
Dividends 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Buybacks — — — 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total returned 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.4 0.4

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · June 30, 2026
What it owns · $15.6bn
Short-term assets $2.3bnLonger-term assets $13.4bn
What it owes, and who funded it · $15.6bn
Short-term liabilities $1.6bnLonger-term liabilities $8.8bnShareholders' equity $5.2bn
  • Short-term assets cover short-term liabilities $2.3bn of assets due within a year against $1.6bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.3bn short-term assets against $8.8bn of longer-dated liabilities.
  • More cash than debt $476m of cash against $6.7bn of debt.
  • Debt below 40% of shareholders' equity Debt is 128% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 120% to 128% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.1bn of operating cash flow against $6.7bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.2bn against $437m of interest.

From UGI Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$39M
Dividends (TTM)
$322M
Returned to shareholders
193%
of free cash flow
Buybacks, last 3 fiscal years
$55M
Diluted share count
+2.0%
year over year
Total shareholder yield
4.3%
dividends 3.9% + buybacks 0.5% of market value
Dividend payout ratio
48%
of net income paid out
Sales & admin spending
28.2%
of revenue
Days sales outstanding
38 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in gas utilities
Last 12 months unless stated UGI ATO SR NFG NJR SGU Median
Revenue, last 12 months $7.3bn $4.9bn $2.7bn $2.5bn $2.2bn $1.9bn $1.7bn
Revenue growth, last 12 months −0.5% 6.5% 19.2% 15.1% 6.4% 7.6% 6.4%
Revenue growth, 3-year average −8.3% 3.7% −4.8% 3.9% −2.4% −1.2% 0.8%
Revenue growth, latest quarter −4.5% 4.8% 19.2% 1.1% 16.8% 17.2% 3.7%
Gross margin — 75.1% — 87.7% 32.2% 22.7% 56.6%
Operating margin 16.2% 37.0% 21.6% 40.3% 24.8% 7.1% 19.4%
Operating margin, 3-year average 14.9% 34.1% 19.9% 29.2% 25.3% 5.6% 19.6%
Net margin 9.2% 28.5% 20.1% 26.9% 16.4% 4.6% 11.4%
Cash from operations / revenue 14.6% 41.0% 22.3% 50.6% 29.6% 3.7% 19.0%
Free-cash-flow margin 2.6% −41.1% −8.1% 8.8% 20.5% 3.0% 2.2%
Free-cash-flow margin, 3-year average 4.9% −33.4% −5.8% 7.2% 16.7% 4.1% 2.6%
Stock pay / revenue — — 0.3% 0.7% — — 0.8%
Change in share count 2.0% 4.6% 1.3% 2.3% 0.9% −4.2% 1.3%

Median of all 12 companies we cover in gas utilities. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 gas utilities companies
Measure Company Peer median Rank
Revenue growth Growth -0.5% 6.5% 11 of 12
Change in growth rate Growth -1.1pp -1.1pp 6 of 12
Operating margin Profitability 16.2% 21.6% 8 of 12
Net margin Profitability 9.2% 13.1% 9 of 12
Free-cash-flow margin Cash generation 2.6% 2.6% 6 of 12
Long-term debt as % of assets Balance sheet 42.8% 39.9% 10 of 12
Change in share count Balance sheet 2.0% 2.0% 6 of 10
Days sales outstanding Balance sheet 38 days 35 days 6 of 8

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 30, 2025
Products and services
Line of business Revenue YoY
Nonutility $5.5B ▼ 0.9%
Retail $3.7B ▲ 0.1%
Utility $1.7B ▲ 10.2%
Energy Marketing $998M ▲ 1.8%
Residential $970M ▲ 11.1%
Commercial and Industrial $385M ▲ 11.9%
Nonutility Other $251M ▼ 3.5%
Wholesale $231M ▼ 14.4%
Pipeline $225M ▼ 8.5%
Large Delivery Service $196M ▲ 7.1%
Off System Sales and Capacity Releases $74M ▲ 10.4%
Utility Other $31M ▼ 13.9%
Peaking $27M ▲ 170.0%
Midstream Other $21M ▲ 31.2%

These categories overlap or exclude eliminations, so shares aren't shown.

From UGI Corp's 10-K filed November 21, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$7B
Institutions reporting
618
Shares held vs prior quarter
▲ 4.8%
Positions opened / closed
87 / 67

Top buyers and sellers, Q2 2026: 342 institutions bought and 231 sold ; the biggest buyer was AQR Capital Management LLC (+2.5M shares) and the biggest seller Federated Hermes, Inc (−1.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $914M 26.5M 13.0% ▲ 3.1%
FMR LLC $483M 14.0M 6.9% ▼ 0.7%
Vanguard Portfolio Management LLC $436M 12.6M 6.2% ▲ 5.7%
Vanguard Capital Management LLC $333M 9.6M 4.7% ▲ 0.4%
Neuberger Berman Group LLC $283M 8.2M 4.0% ▼ 2.7%
State Street Corp $240M 6.9M 3.4% ▲ 1.8%
LSV Asset Management $215M 6.2M 3.1% ▲ 0.5%
Fuller & Thaler Asset Management, Inc. $203M 5.9M 2.9% ▲ 10.1%
Snyder Capital Management L P $185M 5.4M 2.6% 0.0%
Geode Capital Management, LLC $157M 4.5M 2.2% ▲ 1.1%
Northern Trust Corp $122M 3.5M 1.7% ▲ 0.9%
Mitsubishi Ufj Trust & Banking Corp $120M 3.5M 1.7% ▲ 40.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not UGI Corp's complete shareholder register. Values are as reported by the filers ; 5 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $3.6M 7 trades by 5 insiders · 0% under pre-set plans
Net ▼ $3.6M net selling
Insider Date Trade Shares Price Value
Shea-Ballay Kathleen GC and Chief Legal Officer June 18, 2026 Sell 25,360 $33.62 $852,603
Tematio Jean Felix VP, CAO & Corporate Controller February 11, 2026 Sell 12,840 $38.07 $488,819
Hartz Joseph L. President of Subsidiary December 17, 2025 Sell 5,000 $38.45 $192,250
O'Brien Sean Chief Financial Officer December 5, 2025 Sell 23,773 $37.65 $895,053
O'Brien Sean Chief Financial Officer December 5, 2025 Sell 4,936 $37.65 $185,840
Bell Hans G. President of Subsidiary November 26, 2025 Sell 11,300 $38.91 $439,683
Hartz Joseph L. President of Subsidiary November 25, 2025 Sell 15,000 $38.68 $580,200

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 5 trades and filings

No trades in UGI Corp disclosed in the last 12 months; 5 earlier trades on record.

  • Daniel S. Goldman(D-NY 10):Sale (full), $1,001 - $15,000, traded April 10, 2023, filed May 19, 2023
  • Daniel S. Goldman(D-NY 10):Sale (full), $1,001 - $15,000, traded April 10, 2023, filed May 19, 2023
  • Daniel S. Goldman(D-NY 10):Sale (partial), $1,001 - $15,000, traded March 1, 2023, filed April 17, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 20, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 5, 2026
  • November 21, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on UGI Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

UGI Corp in brief

What does UGI Corp do?
UGI Corp is a US-listed company in the gas utilities industry. Its financial year ends in September.
What is UGI Corp's stock ticker?
UGI Corp trades under the ticker UGI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is UGI Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, UGI Corp reported revenue of $7.3B, 0.5% lower than a year earlier, according to its SEC filings.
What is UGI Corp's free cash flow?
UGI Corp's free-cash-flow margin is 2.6% of revenue over the trailing twelve months, ranking 6 of the 12 gas utilities companies we cover.
Who are UGI Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is UGI Corp buying back stock, and does it pay a dividend?
UGI Corp spent $39M on share repurchases over the trailing twelve months, and its diluted share count still rose 2.0% over the year.
What is UGI Corp's market cap?
On November 2, 2026, UGI Corp's market capitalisation was about $8.6B, with a price-to-earnings ratio of 12.8 and net debt of $6.2B. Market figures come from third-party market data and may be delayed.
Does UGI Corp pay a dividend?
Yes: UGI Corp paid $322M in dividends over the trailing twelve months, a dividend yield of 3.87% and a payout ratio of 48.0%.
How much debt does UGI Corp have?
UGI Corp's debt-to-equity ratio is 128.4%, from its latest balance sheet (119.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are UGI Corp's competitors?
In our Gas Utilities peer group, the companies closest to UGI Corp are Atmos Energy, Spire Inc, National Fuel GAS Co, NEW Jersey Resources Corp and Star Group, L.p. The side-by-side comparison below sets their revenue, margins and growth against UGI Corp's.
Are insiders buying or selling UGI Corp stock?
Over the last 12 months, UGI Corp's directors and officers reported 0 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is UGI Corp's next earnings date?
Around November 18, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — UGI Corp announces its own schedule.