UGI CORP /PA/ has recently released its 10-K report, providing a detailed look at its financial performance and operations. UGI Corporation operates in the distribution, storage, transportation, and marketing of energy products and related services in the United States and internationally. The company operates through four segments: Utilities, Midstream & Marketing, UGI International, and AmeriGas Propane. Key highlights from the report include the company's divestment of non-core operations in Austria and Italy, the completion of the sale of UniverGas in Italy, and the entry into a definitive agreement to divest its cylinder business in the United Kingdom.
In the fiscal year 2025, UGI Corporation reported net income attributable to UGI Corporation of $678 million (equal to $3.09 per diluted share), a significant increase from the $269 million (equal to $1.25 per diluted share) reported in fiscal year 2024. The company's adjusted net income attributable to UGI Corporation was $728 million (equal to $3.32 per diluted share) in fiscal year 2025, compared to $658 million (equal to $3.06 per diluted share) in fiscal year 2024.
The Utilities segment saw an increase in total margin by 4% to $963 million in fiscal year 2025, primarily due to higher core market volumes, while the Midstream & Marketing segment experienced a decrease in total margin by 2% to $494 million. UGI International's adjusted net income decreased by $20 million in fiscal year 2025 compared to the prior year, mainly due to higher income tax expenses and lower margin contributions from its LPG business. AmeriGas Propane's adjusted net income increased by $59 million in fiscal year 2025 compared to the prior year, reflecting lower income tax expenses and higher total margin.
The company's overall performance was significantly influenced by temperatures in its service territories, particularly during the heating-season months of October through March. Adjusted net income attributable to UGI Corporation was positively impacted by colder temperatures in all of its business segments during fiscal year 2025.
UGI Corporation's efforts to optimize its global LPG business portfolio included divesting operations in non-core markets to focus resources where it can achieve superior operational results and deliver enhanced customer value. These strategic divestments and transactions have contributed to the company's financial performance in fiscal year 2025.
Today the company's shares have moved 6.08% to a price of $37.265. For the full picture, make sure to review UGI CORP /PA/'s 10-K report.
