UGI UGI Business Segments
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues from contracts with customers by Business | ||||||
| AmeriGas Propane | $759M-10.5% | $600M-4.3% | $367M-8.7% | $434M-2.5% | $848M+6.7% | |
| Midstream & Marketing | $715M+21.8% | $427M+16.3% | $251M+5.0% | $278M+9.9% | $587M+21.3% | |
| UGI International | $621M-4.5% | $575M-9.9% | —— | $437M-4.0% | $650M-3.4% | |
| Other revenues by Business | ||||||
| AmeriGas Propane | $17M+13.3% | $20M-9.1% | $19M-5.0% | $19M+5.6% | $15M-16.7% | |
| Midstream & Marketing | $0— | $0— | $0-100% | $0— | $0+100% | |
| UGI International | $11M+22.2% | $11M0.0% | —— | $10M+25.0% | $9M-10.0% | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest by Business | ||||||
| AmeriGas Propane | $85M+240% | $24M+152% | —— | —— | $25M— | |
| Midstream & Marketing | $109M-27.3% | $61M-31.5% | —— | —— | $150M— | |
| UGI International | $103M+10.8% | $103M+3.0% | —— | —— | $93M— | |
| Other segment income (loss) by Business | ||||||
| AmeriGas Propane | $8M-20.0% | $11M+37.5% | —— | —— | $10M-2.4% | |
| Midstream & Marketing | $0— | $1M-50.0% | —— | —— | $0-100% | |
| UGI International | $1M-91.7% | $3M-70.0% | —— | —— | $12M+2.1% | |
| Gain (Loss) on Disposition of Business by Business | ||||||
| AmeriGas Propane | $0— | $0— | $17M— | $0— | —— | |
| Midstream & Marketing | $0— | $0— | $0+100% | $0+100% | —— | |
| UGI International | -$62M— | $27M— | —— | -$54M— | —— | |
| Income Tax Expense (Benefit) by Business | ||||||
| AmeriGas Propane | $34M-63.0% | $10M-88.5% | —— | —— | $92M+3,989% | |
| Midstream & Marketing | $26M+425% | $13M+317% | —— | —— | -$8M-194% | |
| UGI International | $18M-53.8% | $10M— | —— | —— | $39M— | |
| Total Assets by Business | ||||||
| AmeriGas Propane | $3.02B-2.9% | $2.94B-4.7% | $2.91B-4.5% | $2.96B-8.2% | $3.11B-10.3% | |
| Midstream & Marketing | $3.27B-3.1% | $3.29B-0.9% | $3.19B+0.1% | $3.19B+0.2% | $3.38B+5.4% | |
| UGI International | $3.19B+0.6% | $3.03B+6.8% | —— | $3.19B+13.7% | $3.17B+4.7% | |
| Earnings before interest expense and income taxes by Business | ||||||
| AmeriGas Propane | $156M+1.3% | $72M-2.7% | —— | -$28M-3.7% | $154M+11.6% | |
| Midstream & Marketing | $150M-2.6% | $88M-7.4% | $17M+13.3% | $27M-37.2% | $154M+0.7% | |
| UGI International | $132M-7.7% | $124M+12.7% | —— | $43M-24.6% | $143M+9.2% | |
| Cost of Sales by Business | ||||||
| AmeriGas Propane | $311M-22.6% | $251M-10.4% | $165M-16.2% | $207M-4.6% | $402M+11.0% | |
| Midstream & Marketing | $512M+33.0% | $288M+25.8% | $174M-0.6% | $201M+20.4% | $385M+36.0% | |
| UGI International | $323M-7.2% | $291M-22.2% | —— | $245M+0.4% | $348M-5.4% | |
| Interest Expense, Nonoperating by Business | ||||||
| AmeriGas Propane | $37M0.0% | $38M+15.2% | $38M+11.8% | $36M-12.2% | $37M-7.5% | |
| Midstream & Marketing | $15M+25.0% | $14M+16.7% | $14M+16.7% | $11M+22.2% | $12M+33.3% | |
| UGI International | $11M0.0% | $11M+10.0% | $12M+9.1% | $13M+18.2% | $11M0.0% | |
| Interest income from intersegment loan by Business | ||||||
| AmeriGas Propane | $0— | $0— | $0— | $0— | $0— | |
| Midstream & Marketing | $0— | $0— | $0— | $0— | $0— | |
| UGI International | $4M+33.3% | $4M— | $4M— | $5M— | $3M— | |
| Net gains (losses) on commodity derivative instruments by Business | ||||||
| AmeriGas Propane | $27M+800% | -$10M-243% | —— | -$3M-200% | $3M-91.2% | |
| Midstream & Marketing | -$26M-200% | -$2M-103% | $12M-72.1% | -$59M-327% | $26M-36.6% | |
| UGI International | $129M+1,092% | $5M-77.3% | —— | -$50M-350% | -$13M-125% | |
| Income (Loss) from Equity Method Investments by Business | ||||||
| AmeriGas Propane | $0— | $0— | $0— | $0— | $0— | |
| Midstream & Marketing | $5M+66.7% | $4M0.0% | —— | —— | $3M+50.0% | |
| UGI International | $0— | $0+100% | —— | —— | $0+100% | |
| Operating and administrative expenses by Business | ||||||
| AmeriGas Propane | $259M+0.8% | $244M+3.4% | —— | —— | $257M+10.2% | |
| Midstream & Marketing | $36M+16.1% | $35M+20.7% | —— | —— | $31M-0.8% | |
| UGI International | $141M-0.7% | $134M0.0% | —— | —— | $142M-1.7% | |
| D&A by Business | ||||||
| AmeriGas Propane | $41M-8.9% | $44M-2.2% | $43M-2.3% | $45M-2.2% | $45M+2.3% | |
| Midstream & Marketing | $22M+10.0% | $21M+5.0% | $21M+5.0% | $20M-9.1% | $20M-9.1% | |
| UGI International | $26M-10.3% | $29M0.0% | —— | $31M+6.9% | $29M0.0% | |
| Capital expenditures (including the effects of accruals) by Business | ||||||
| AmeriGas Propane | $29M+81.3% | $30M+30.4% | $22M+4.8% | $20M-4.8% | $16M-33.3% | |
| Midstream & Marketing | $5M-81.5% | $17M-46.9% | $25M-56.9% | $30M-25.0% | $27M-18.2% | |
| UGI International | $19M+11.8% | $11M-21.4% | $38M+18.8% | $24M0.0% | $17M-10.5% | |
| Total revenues from contracts with customers by Product | ||||||
| Commercial & Industrial | $206M+17.0% | $139M+32.4% | $43M+10.3% | $61M+15.1% | $176M+22.2% | |
| Energy Marketing | $408M+10.3% | $284M+12.7% | $178M+4.7% | $198M+15.1% | $370M+19.0% | |
| Large delivery service | $59M-7.8% | $53M+1.9% | $40M+2.6% | $40M-2.4% | $64M+18.5% | |
| Off-system sales and capacity releases | -$64M-39.1% | $26M+36.8% | -$7M-200% | $13M+85.7% | -$46M-244% | |
| Other | $3M-62.5% | $5M-37.5% | $8M+14.3% | $7M-22.2% | $8M-27.3% | |
| Peaking | -$65M-4.8% | -$42M-5.0% | -$4M+20.0% | -$5M0.0% | -$62M+10.1% | |
| Pipeline | $53M-10.2% | $54M-6.9% | $55M0.0% | $53M-13.1% | $59M-9.2% | |
| Residential | $499M+15.0% | $361M+30.8% | $109M+6.9% | $151M+11.0% | $434M+22.9% | |
| Retail | $1.22B-6.9% | $1.03B-4.3% | $630M-5.5% | $724M-2.4% | $1.31B+3.6% | |
| Wholesale | $62M-20.5% | $46M-36.1% | $37M-33.9% | $44M-18.5% | $78M-12.4% | |
| Revenue by Product | ||||||
| Midstream Other | $9M+50.0% | $5M+25.0% | $5M+25.0% | $6M+20.0% | $6M+50.0% | |
| Nonutility Other | $60M-11.8% | $60M-14.3% | $51M-8.9% | $62M-6.1% | $68M+1.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does UGI break its business down?
- UGI (UGI) reports total revenues from contracts with customers by business across 3 parts — AmeriGas Propane, Midstream & Marketing and UGI International. Each is extracted from the segment footnotes and tracked over time.
- Where does UGI's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in UGI's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
