UGI Corp's Net Income Soars to $678 Million

By Philip Seaworth • Sunday, November 23 06:03 • Permanent Link

UGI Corporation, a company engaged in the distribution, storage, transportation, and marketing of energy products and related services in the United States and internationally, has recently released its 10-K report. The company operates through four segments: Utilities, Midstream & Marketing, UGI International, and AmeriGas Propane. UGI distributes propane to approximately 801 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers, and provides other energy-related services. The company's 10-K provides detailed financial information, including an analysis of its segment results and recent developments.

In the "Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations" section of the 10-K, UGI highlights its fiscal 2025 results compared to fiscal 2024. The company's net income attributable to UGI Corporation was $678 million in fiscal 2025, equal to $3.09 per diluted share, compared to $269 million, equal to $1.25 per diluted share, in fiscal 2024. The report includes an analysis of the performance of each segment, such as Utilities, Midstream & Marketing, UGI International, and AmeriGas Propane, providing detailed information on revenues, total margin, operating and administrative expenses, and operating income.

The 10-K also discusses recent developments, including UGI's divestment of non-core operations in the global LPG business. In October 2025, UGI International entered into a definitive agreement to divest its LPG distribution business located in Austria, with the expectation of recognizing a gain upon closing. Additionally, the report details the completion of the sale of UniverGas, UGI International's LPG distribution business in Italy, and the sale of its cylinder business in the United Kingdom. The company also completed the sale of its propane business located in Hawaii through AmeriGas Propane, recording a pre-tax gain of $17 million in fiscal 2025. These transactions and their financial impacts are detailed in the report.

Furthermore, the 10-K provides an analysis of non-GAAP financial measures used by UGI management, such as "adjusted net income attributable to UGI Corporation" and "adjusted diluted earnings per share." The report explains the rationale behind using these measures and reconciles them with the comparable GAAP measures for fiscal 2025 and fiscal 2024.

Following these announcements, the company's shares moved 7.06%, and are now trading at a price of $37.61. For the full picture, make sure to review UGI CORP /PA/'s 10-K report.

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