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May 7, 2026·SEC
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Feb 4, 2026·SEC
UGI Corporation(UGI)Earnings, Financials & Key Ratios
UGI•NYSE•Utilities
$34.92
11.3× P/E·Price updated Jul 6, 2026
AboutUGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.4 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,600 propane distribution location. The company also distributes liquefied petroleum gases (LPG) to residential, commercial, industrial, agricultural, wholesale and automobile fuel customers; and provides logistics, storage, and other services to third-party LPG distributors. In addition, it engages in the retail sale of natural gas, liquid fuels, and electricity to approximately 12,600 residential, commercial, and industrial customers at 42,400 locations. Further, the company distributes natural gas to approximately 672,000 customers in eastern and central Pennsylvania counties through its distribution system of approximately 12,400 miles of gas mains; and supplies electricity to approximately 62,500 customers in northeastern Pennsylvania through 2,600 miles of lines and 14 substations. Additionally, it operates electric generation facilities, which include coal-fired, landfill gas-fueled, solar-powered, and natural gas-fueled facilities; a natural gas liquefaction, storage, and vaporization facility; propane storage and propane-air mixing stations; and rail transshipment terminals. It also manages natural gas pipeline and storage contracts; develops, owns, and operates pipelines, gathering infrastructure, and gas storage facilities. UGI Corporation was incorporated in 1991 and is based in King of Prussia, Pennsylvania.Show more
- Revenue$7.29B+1.1%
- EBITDA$1.67B+26.3%
- Net Income$678M+152.0%
- Free Cash Flow$390M+1.0%
- EBITDA Margin22.89%+24.9%
- Net Margin9.3%+149.4%
- ROE14.84%+141.2%
- Interest Coverage2.69+44.6%
- Debt/Equity1.58-3.7%
UGI Price & Volume
UGI Corporation (UGI) stock price & volume — 10-year historical chart
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Seasonal Volatility Masks Structural Earnings Growth Challenges
Investment Thesis • Updated 2026Q2
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Seasonal volatility and leverage
Key Thesis Takeaways
- UGI Corporation faces a complex outlook where extreme seasonal revenue swings, peaking at $2.7 billion in winter quarters, complicate the assessment of core regulated utility performance.
- While the company maintains a $9.1 billion net PPE base to drive long-term infrastructure growth, the reliance on external financing to bridge seasonal cash flow deficits—evidenced by a 2025Q4 free cash flow deficit of $168 million—remains a primary concern.
- Investors should monitor the ongoing strategic review of non-regulated segments, as the current 11.47x TTM P/E ratio may not fully account for the risks associated with maintaining dividend sustainability during off-peak periods.
Verdict Logic
while the 4.1% dividend yield is attractive, the OCF-to-dividend coverage ratio has shown extreme instability, dropping to as low as 0.8x in 2026Q1, which warrants caution regarding long-term payout reliability.
UGI Growth Metrics
UGI Corporation (UGI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years0.86%
5 Years2.13%
3 Years-10.33%
TTM0.56%
Profit CAGR
10 Years9.21%
5 Years4.97%
3 Years-14.19%
TTM20.26%
EPS CAGR
10 Years6.8%
5 Years4.08%
3 Years-14.65%
TTM17.28%
Return on Capital
10 Years7.89%
5 Years6.58%
3 Years1.34%
Last Year8.35%
UGI Recent Earnings
UGI Corporation (UGI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$2.09-0.9%
$2.11
Rev
$2.7B-12.9%
$3.1B
Q1 2026
Feb 4, 2026Metric
Actual
Est
EPS
$1.26-16.0%
$1.50
Rev
$2.1B-16.4%
$2.5B
Q4 2025
Nov 20, 2025Metric
Actual
Est
EPS
$0.23+39.1%
$0.38
Rev
$1.2B-21.5%
$1.5B
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.01+89.7%
$0.10
Rev
$1.4B-8.5%
$1.5B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $2.09vs $2.11-0.9% | $2.7Bvs $3.1B-12.9% |
| Q1 2026 | Feb 4, 2026 | $1.26vs $1.50-16.0% | $2.1Bvs $2.5B-16.4% |
| Q4 2025 | Nov 20, 2025 | $0.23vs $0.38+39.1% | $1.2Bvs $1.5B-21.5% |
| Q3 2025 | Aug 6, 2025 | $0.01vs $0.10+89.7% | $1.4Bvs $1.5B-8.5% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for UGI Corporation (UGI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $34.92 | $7.5B | 11.30 | 1.07% | 9.3% | 14.84% | 4.21% | |
| $48.65 | $2.05B | 17.56 | 11.83% | 9.56% | 8.27% | — | |
| $78.46 | $4.64B | 17.95 | -4.5% | 14.12% | 10.44% | — | |
| $88.51 | $6.41B | 14.56 | -62.05% | 18.55% | 11.53% | — | |
| $47.05 | $22.56B | 24.13 | 21.76% | 14.1% | 8.4% | — | |
| $75.65 | $4.75B | 17.31 | 16.5% | 11.77% | 8.2% | — |
Compare UGI vs Peers
UGI Corporation (UGI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
UGI SEC Filings & Documents
UGI Corporation (UGI) SEC filings — annual & quarterly reports (10-K, 10-Q)
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UGI Frequently Asked Questions
UGI Corporation (UGI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is UGI Corporation's revenue?
UGI Corporation (UGI) reported $7.36B in revenue for fiscal year 2025. This represents a 372% increase from $1.56B in 1996.
How fast is UGI Corporation growing?
UGI Corporation (UGI) grew revenue by 1.1% over the past year. Growth has been modest.
Is UGI profitable?
Yes, UGI Corporation (UGI) is profitable, generating $641.0M in net income for fiscal year 2025 (9.3% net margin).
Dividend & Returns
Does UGI pay dividends?
Yes, UGI Corporation (UGI) pays a dividend with a yield of 4.21%. This makes it attractive for income-focused investors.
What is UGI's return on equity?
UGI Corporation (UGI) has a return on equity (ROE) of 14.8%. This is reasonable for most industries.
What is UGI Corporation's free cash flow?
UGI Corporation (UGI) generated $238.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Industry Metrics
Is UGI's dividend sustainable?
UGI Corporation (UGI) has a dividend payout ratio of 47%. This suggests the dividend is well-covered and sustainable.