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UGI UGI AmeriGas Propane — Goodwill

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Other financials

Income statement

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Revenue$1.3B-4.5%
Gross profit$573.0M+2.9%
Operating income-$44.0M+52.7%
Net income-$133.0M+18.4%
EPS (diluted)-$0.62+18.4%

Balance sheet

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Cash & equivalents$523.0M+41.4%
Total debt$7.0B+16.2%
Total equity$5.2B+7.0%
Total assets$15.6B+1.8%

Cash flow

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Operating cash flow$242.0M-16.3%
CapEx$226.0M+1.8%
Free cash flow$16.0M-76.1%

Valuation

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Market cap$7.62B-1.8%
Enterprise value$14.13B+5.2%
P/E11.1×
P/S0.0×

Profitability

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Gross margin51.3%+2.1pp
Operating margin16.2%
Net margin9.4%
FCF margin-2.1%-7.3pp

Returns & leverage

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Return on equity13.6%
Debt / equity1.3×+0.1×
Current ratio1.4×+0.7×

Where this comes from

Reported directly by UGI in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: UGI’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 2:21 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000884614-26-000052

With respect to AmeriGas Propane's Fiscal 2025 goodwill impairment test, the Company performed a quantitative assessment. Based on our evaluation, we determined that AmeriGas Propane’s fair value exceeded its carrying value by more than 25%. While the Company believes that its judgments used in the quantitative assessment of AmeriGas Propane’s fair value are reasonable based upon currently available facts and circumstances, if AmeriGas Propane were not able to achieve its anticipated results and/or if its discount rate were to increase, its fair value would be adversely affected, which may result in an impairment. There was $1.1 billion of goodwill in the AmeriGas Propane reporting unit as of June 30, 2026.

Item 1. Financial Statements (unaudited)

FAQ

What is UGI's amerigas propane — goodwill?
UGI (UGI) reported amerigas propane — goodwill of $1.1B in Q2 2026.
How has UGI's amerigas propane — goodwill changed year-over-year?
UGI's amerigas propane — goodwill decreased by 0.0% year-over-year, from $1.1B to $1.1B.
What does amerigas propane — goodwill mean?
This represents the intangible asset value recorded when the purchase price of an acquired business exceeds the fair value of its identifiable net assets. It reflects the premium paid for expected synergies, brand reputation, and customer relationships within the propane distribution segment. Changes in this balance often signal impairment testing outcomes or strategic divestitures.

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