UGI Corporation (UGI) Income Statement
UGI FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsUGI revenue and net income
Where UGI's revenue goes
FY2025Each bar shows an amount and its share of revenue. UGI kept 9.3% of revenue as net income.
UGI profit margins
UGI growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.1% | −10.3% | +2.1% | +0.9% |
| Gross profit | −1.3% | −4.2% | +1.3% | +2.1% |
| Operating income | +43.8% | −12.7% | +2.4% | +2.9% |
| Net income | +152.0% | −14.2% | +5.0% | +9.2% |
| EPS (diluted) | +8.5% | +3.9% | +4.5% | +5.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
UGI quarterly EPS vs estimates
UGI beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 19, 2026 (estimate $-0.32).
UGI income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.29B | $7.21B | $8.93B | $10.11B | $7.45B | $6.56B | $7.32B | $7.65B | $6.12B | $5.69B |
| Cost of revenue | $3.65B | $3.53B | $6.94B | $5.97B | $2.61B | $3.15B | $4.32B | $4.08B | $2.84B | $2.44B |
| Gross profit | $3.63B | $3.68B | $1.99B | $4.13B | $4.83B | $3.41B | $3.00B | $3.58B | $3.28B | $3.25B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $2.01B | $2.13B | $2.38B | $2.03B | $2.01B | $1.91B | $1.96B | $2.01B | $1.87B | $1.88B |
| Total operating expenses | $2.53B | $2.91B | $3.44B | $2.47B | $2.48B | $2.43B | $2.38B | $2.51B | $2.27B | $2.26B |
| Operating income | $1.11B | $770.0M | −$1.44B | $1.67B | $2.35B | $982.0M | $617.0M | $1.06B | $1.01B | $988.0M |
| Interest income | $12.0M | $11.0M | $6.0M | $329.0M | $310.0M | $295.0M | $211.0M | $3.2M | $1.7M | $200,000 |
| Interest expense | $411.0M | $394.0M | $379.0M | $329.0M | $310.0M | $309.0M | $253.3M | $225.1M | $219.6M | $224.4M |
| Income before taxes | $696.0M | $340.0M | −$1.84B | $1.39B | $1.99B | $667.0M | $401.0M | $855.0M | $701.4M | $710.0M |
| Income taxes | $18.0M | $71.0M | −$335.0M | $313.0M | $522.0M | $135.0M | $93.0M | $33.0M | $177.6M | $221.2M |
| Net income | $678.0M | $269.0M | −$1.50B | $1.07B | $1.47B | $532.0M | $256.0M | $719.0M | $436.6M | $364.7M |
| EBITDA | $1.67B | $1.28B | −$926.0M | $2.23B | $2.80B | $1.47B | $1.11B | $1.54B | $1.34B | $1.34B |
| EPS (diluted) | $3.32 | $3.06 | −$0.92 | $2.96 | $2.96 | $2.67 | $2.27 | $2.74 | $2.29 | $2.06 |
| Gross margin | 49.9% | 51.1% | 22.3% | 40.9% | 64.9% | 52.0% | 40.9% | 46.7% | 53.6% | 57.1% |
| Operating margin | 15.2% | 10.7% | −16.2% | 16.5% | 31.6% | 15.0% | 8.4% | 13.9% | 16.5% | 17.4% |
| Net margin | 9.3% | 3.7% | −16.8% | 10.6% | 19.7% | 8.1% | 3.5% | 9.4% | 7.1% | 6.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.33B | $2.69B | $2.08B | $1.20B | $1.39B | $2.67B | $2.03B | $1.24B | $1.38B | $2.47B | $2.12B | $1.40B |
| Cost of revenue | $758.0M | $1.52B | $1.01B | $593.0M | $837.0M | $1.30B | $923.0M | $658.0M | $639.0M | $1.03B | $1.20B | $579.0M |
| Gross profit | $573.0M | $1.16B | $1.07B | $604.0M | $557.0M | $1.36B | $1.11B | $584.0M | $741.0M | $1.44B | $919.0M | $825.0M |
| Sales, general & admin | — | $559.0M | $520.0M | $487.0M | $481.0M | $546.0M | $497.0M | $491.0M | — | $591.0M | $558.0M | $519.0M |
| Total operating expenses | $617.0M | $559.0M | $617.0M | $591.0M | $650.0M | $665.0M | $620.0M | $682.0M | $674.0M | $720.0M | $687.0M | $588.0M |
| Operating income | −$44.0M | $602.0M | $454.0M | $13.0M | −$93.0M | $700.0M | $487.0M | −$98.0M | $67.0M | $717.0M | $232.0M | $237.0M |
| Interest income | — | — | — | $133.0M | $76.0M | $86.0M | $77.0M | $108.0M | — | — | — | — |
| Interest expense | $109.0M | $111.0M | $111.0M | $106.0M | $101.0M | $102.0M | $102.0M | $98.0M | $96.0M | $100.0M | $100.0M | $110.0M |
| Income before taxes | −$161.0M | $660.0M | $351.0M | −$87.0M | −$228.0M | $594.0M | $417.0M | −$354.0M | −$55.0M | $629.0M | $120.0M | $157.0M |
| Income taxes | −$28.0M | $140.0M | $54.0M | −$74.0M | −$65.0M | $115.0M | $42.0M | −$81.0M | −$7.0M | $133.0M | $26.0M | $26.0M |
| Net income | −$133.0M | $520.0M | $297.0M | −$13.0M | −$163.0M | $479.0M | $375.0M | −$273.0M | −$48.0M | $496.0M | $94.0M | $131.0M |
| EBITDA | $86.0M | $687.0M | $602.0M | $164.0M | $13.0M | $834.0M | $657.0M | −$119.0M | $180.0M | $867.0M | $357.0M | $390.0M |
| EPS (diluted) | −$0.20 | $2.09 | $1.26 | −$0.25 | −$0.01 | $2.21 | $1.37 | −$0.17 | $0.06 | $1.97 | $1.20 | $0.02 |
| Gross margin | 43.1% | 43.2% | 51.4% | 50.5% | 40.0% | 51.2% | 54.5% | 47.0% | 53.7% | 58.2% | 43.3% | 58.8% |
| Operating margin | −3.3% | 22.4% | 21.8% | 1.1% | −6.7% | 26.3% | 24.0% | −7.9% | 4.9% | 29.1% | 10.9% | 16.9% |
| Net margin | −10.0% | 19.4% | 14.3% | −1.1% | −11.7% | 18.0% | 18.5% | −22.0% | −3.5% | 20.1% | 4.4% | 9.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in UGI's financial statements (latest annual report filed November 21, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
UGI financial results
In fiscal year 2025 (ended September 30, 2025), UGI reported revenue of $7.3 billion, up 1.1% from the year before. It had net income of $678.0 million (up 152.0%), a net profit margin of 9.3%. Diluted earnings per share came to $3.32. Over five years revenue grew at an average rate of 2.1% a year.
See the UGI stock overview for the latest quote and news, or the UGI chart for price history and technical indicators.
UGI income statement FAQ
What is UGI's annual revenue?
UGI reported total revenue of $7.3 billion for fiscal year 2025, which ended on September 30, 2025. That was up 1.1% from $7.2 billion the previous year.
Is UGI profitable?
Yes. UGI reported net income of $678.0 million in fiscal 2025, a net profit margin of 9.3%; its operating margin was 15.2%.
What is UGI's gross margin?
UGI's gross margin was 49.9% in fiscal 2025: for every $100 of revenue, UGI kept $50 after the direct cost of its products and services.
How fast is UGI growing?
Revenue grew 2.1% a year on average over the last five fiscal years, from $6.6 billion to $7.3 billion.
What are UGI's earnings per share?
UGI earned $3.32 per diluted share in fiscal 2025, compared with $3.06 a year earlier.
When will UGI report its next earnings?
UGI is expected to report results for the quarter ending September 30, 2026 on November 19, 2026.
When does UGI's fiscal year end?
UGI's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 21, 2025.