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UGI UGI Regulated natural gas utilities — Goodwill

Other segment segments

AmeriGas Propane
$1.1B0.0%

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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-K, filed November 21, 2025.

Filed
Nov 21, 2025
Fiscal year
FY2025
Accession
0000884614-25-000053
Line itemUtilitiesMidstream & MarketingUGI InternationalAmeri Gas PropaneTotal
Balance September 30, 2023$432$336$911$1,348$3,027
Impairment of goodwill(195)(195)
Dispositions(12)(12)
Foreign currency translation5151
Balance September 30, 20244323369501,1532,871
Dispositions(41)(26)(67)
Foreign currency translation4848
Balance September 30, 2025$432$336$957$1,127$2,852

ITEM 16. FORM 10-K SUMMARY

FAQ

What is UGI's regulated natural gas utilities — goodwill?
UGI (UGI) reported regulated natural gas utilities — goodwill of $432M in Q3 2025.
How has UGI's regulated natural gas utilities — goodwill changed year-over-year?
UGI's regulated natural gas utilities — goodwill decreased by 0.0% year-over-year, from $432M to $432M.
What does regulated natural gas utilities — goodwill mean?
This represents the carrying value of goodwill associated with the regulated natural gas utility segment, arising from past business combinations. It reflects the premium paid over the fair value of net identifiable assets, representing expected future economic benefits. Monitoring this balance is essential for assessing the segment's long-term value and potential for future impairment risks.

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