UGI Corporation Reports Q3 Net Loss of $163 Million, Revenue Slightly Up

UGI Corporation reported its financial results for the third quarter and nine months ended June 30, 2025, revealing a net loss of $163 million, or $0.76 per diluted share, compared to a net loss of $48 million, or $0.23 per diluted share, in the same period last year. Total revenues for the quarter increased slightly to $1.394 billion from $1.380 billion year-over-year. For the nine-month period, net income attributable to UGI Corporation was $691 million, or $3.16 per diluted share, up from $542 million, or $2.52 per diluted share, in the prior year. The increase in nine-month net income was attributed to higher contributions from various segments, particularly in the Utilities and Midstream & Marketing sectors.

The company experienced significant operational changes, including a $53 million loss on disposals of non-core assets related to its global LPG business. UGI International completed the sale of its LPG distribution business in Italy and is in the process of divesting its cylinder business in the UK, which is expected to close in the fourth quarter of Fiscal 2025. Additionally, AmeriGas OLP has entered into an agreement to sell its propane business in Hawaii, with expected gains upon completion of the transaction.

UGI's operational metrics showed a mixed performance across its segments. The Utilities segment reported a total margin increase of 2% to $168 million, driven by higher revenues from gas utility operations, while Midstream & Marketing saw a 10% revenue increase to $278 million but a 10% decrease in total margin to $77 million. UGI International's revenues decreased by 4% to $437 million, reflecting lower LPG retail volumes sold, while AmeriGas Propane reported a slight revenue decline of 2% to $434 million, attributed to lower retail volumes.

The company’s financial position improved, with cash and cash equivalents rising to $350 million as of June 30, 2025, compared to $213 million at the end of the previous fiscal year. UGI's total available liquidity, including cash and borrowing capacity, reached approximately $1.9 billion. Looking ahead, UGI expects to maintain sufficient liquidity to support its operations and long-term commitments, despite ongoing market challenges and regulatory matters, including pending rate cases in Pennsylvania and West Virginia. The company remains focused on optimizing its portfolio and enhancing operational efficiencies across its business segments.