UGI Past Earnings Performance
Past criteria checks 4/6
UGI's earnings have been declining at an average annual rate of -12.1%, while the Gas Utilities industry saw earnings growing at 7.3% annually. Revenues have been declining at an average rate of 4.6% per year. UGI's return on equity is 12.8%, and it has net margins of 9.2%.
Key information
-12.14%
Earnings growth rate
-12.71%
EPS growth rate
| Gas Utilities Industry Growth | 10.04% |
| Revenue growth rate | -4.56% |
| Return on equity | 12.85% |
| Net Margin | 9.20% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Seeking Alpha • Aug 25
UGI: A KKR Buyout Is Needed To Save The Bull Case After Disappointing Results
Summary Previously, I believed UGI Corporation would re-rate back to $50/share, but with the recent earnings miss, I believe the timeline to that recovery will be longer. I no longer believe that the turnaround at AmeriGas is imminent and believe they could continue losing customers. Longer term, I still believe the company is undervalued, and a potential buyout in the $40s could realize this sooner. UGI CEO Bob Flexon has previously overseen business sales, and I believe the rumored offer from KKR is credible. Read the full article on Seeking Alpha
Narrative Update • Aug 09
UGI: Pennsylvania Rate Decisions Will Support Future Stock Upside Potential
Analysts have trimmed their 12 month price target for UGI to about $41 from roughly $43, reflecting updated views on fair value, discount rates, revenue growth, profit margins, and future P/E following recent research coverage. What's in the News for UGI No recent news stories for UGI are available from the provided sources as of 6 Aug 2026.Narrative Update • Jun 18
UGI: Pennsylvania Rate Decisions Will Support Future Stock Upside Potential
UGI's updated analyst price target now sits at $43.33, with the modest recalibration in discount rate and forward P/E reflecting a blend of cautious views around Pennsylvania-related risks and a more constructive stance from analysts initiating coverage with a bullish outlook. Analyst Commentary Recent research on UGI highlights a split view, with some bullish analysts focusing on long term earnings power and others emphasizing Pennsylvania related risks and execution questions.Narrative Update • Jun 04
UGI: Pennsylvania Rate Decision Will Support Future Upside Potential
Analysts trimmed their average UGI price target by about $1 to roughly $43, reflecting a mix of cautious views on regulatory and regional risks, as well as more constructive opinions that cite steady revenue growth, resilient margins, and a slightly lower forward P/E assumption. Analyst Commentary Recent research highlights a split view on UGI, with some bullish analysts pointing to potential upside based on current valuation and business mix, while bearish analysts focus on specific regional and regulatory risks that could weigh on execution.Narrative Update • Apr 26
UGI: Extended Buybacks And Stable Margins Will Support Future Upside
Analysts have made a modest adjustment to their outlook on UGI, keeping the fair value estimate steady at $44.50 while fine tuning assumptions around the discount rate, revenue growth, profit margin, and future P/E that shape the updated price target view. What's in the News Between October 1, 2025 and December 31, 2025, UGI repurchased 300,000 shares, representing 0.14% of its shares, for a total of $11.54 million under its existing buyback program.Narrative Update • Apr 10
UGI: Expanded Buybacks And Stable Margins Will Support Future Upside
Analysts now keep their price target for UGI unchanged at $44.50, indicating that only minor model adjustments have been made to the discount rate, revenue growth, profit margin and future P/E assumptions, rather than a shift in overall conviction on the shares. What's in the News From October 1, 2025 to December 31, 2025, UGI repurchased 300,000 shares for $11.54 million, bringing total buybacks under the May 8, 2018 authorization to 4,950,000 shares, or 2.47%, for $206.18 million (Key Developments).Narrative Update • Mar 26
UGI: Expanded Buybacks And Stable Margins Will Support Future Upside
Analysts have kept their UGI price target steady at about $44.50 per share, citing essentially unchanged assumptions for the discount rate, revenue growth, profit margins and future P/E as the basis for maintaining their view. What's in the News From October 1, 2025 to December 31, 2025, UGI repurchased 300,000 shares for $11.54 million, representing 0.14% of shares under its existing buyback program (Key Developments).Narrative Update • Mar 10
UGI: Expanded Buybacks And Stable Margins Will Support Future Upside
Analysts have maintained their UGI fair value estimate at $44.50. Only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions were made, resulting in an unchanged price target outlook.Narrative Update • Feb 23
UGI: Expanded Buybacks And Stable Margins Will Support Future Upside
Analysts have maintained their price target for UGI at around $44.50, making only minor adjustments to assumptions such as the discount rate and forward P/E to refine their assessment rather than indicate a significant change in outlook. What's in the News From October 1, 2025 to December 31, 2025, UGI repurchased 300,000 shares, representing 0.14% of its shares, for $11.54 million under its existing buyback program.Analysis Article • Feb 12
UGI (NYSE:UGI) Has Affirmed Its Dividend Of $0.375
UGI Corporation ( NYSE:UGI ) will pay a dividend of $0.375 on the 1st of April. This means that the annual payment will...Narrative Update • Feb 07
UGI: Share Repurchases And Higher Margin Outlook Will Support Future Upside
Analysts have nudged their price target for UGI to $44.50 from $44.00, citing updated assumptions around revenue growth, profit margins and future P/E that slightly adjust their valuation view. What's in the News From July 1, 2025 to September 30, 2025, UGI repurchased 500,000 shares for $16.53 million, representing 0.23% of its shares.Narrative Update • Jan 24
UGI: Ongoing Share Buybacks Will Support Future Upside Potential
Analysts have modestly adjusted their price target on UGI to reflect small updates to the discount rate and future P/E assumptions, keeping fair value essentially unchanged at about US$44.00 per share. What's in the News From July 1, 2025 to September 30, 2025, UGI repurchased 500,000 shares for US$16.53 million, representing 0.23% of its shares under the existing buyback program (Key Developments).Narrative Update • Jan 09
UGI: Ongoing Share Repurchases Will Support Future Upside Potential
Analysts have kept their fair value estimate for UGI steady at $44.00 while making small adjustments to assumptions such as the discount rate and future P/E. This reflects a fine tuning of their price target framework rather than a major shift in view.Narrative Update • Dec 24
UGI: Future Share Repurchases And Stronger Revenue Outlook Will Support Upside Potential
Analysts have raised their price target on UGI by 1 dollar to 44 dollars, reflecting improved expectations for revenue growth despite a modest trimming of long term profit margin and discount rate assumptions. What's in the News Completed share repurchase of 4,650,000 shares, or 2.33% of outstanding stock, totaling 194.64 million dollars under the buyback program announced on May 8, 2018 (Key Developments) Repurchased 500,000 shares, or 0.23% of outstanding stock, for 16.53 million dollars between July 1, 2025 and September 30, 2025, marking the final tranche of the multi year buyback program (Key Developments) Valuation Changes The fair value estimate has risen slightly from 43 dollars to 44 dollars per share.Narrative Update • Dec 10
UGI: Ongoing Share Repurchases Will Support Future Cash Flow Stability
Analysts have nudged their price target for UGI slightly higher to approximately $43.00 per share, reflecting modestly lower discount rate assumptions and stable long term forecasts for revenue growth, profit margins, and future valuation multiples. What's in the News Completed a multi year share repurchase program originally announced on May 8, 2018, totaling 4,650,000 shares, or 2.33% of outstanding shares, for $194.64 million (company filing) In the most recent tranche from July 1, 2025 to September 30, 2025, repurchased 500,000 shares, representing 0.23% of shares outstanding, for $16.53 million (company filing) Ongoing capital returns via buybacks signal management confidence in long term cash flow stability and balance sheet capacity (company commentary/market interpretation) Valuation Changes Fair Value Estimate maintained at approximately $43.00 per share, indicating no material change to the central valuation outcome.Narrative Update • Nov 26
UGI: Share Repurchases And Profit Outlook Will Balance Risk And Reward Ahead
Analysts have raised their price target for UGI from $41.00 to $43.00. This reflects adjustments to profit margin and growth expectations based on recent financial analysis.Analysis Article • Nov 25
UGI (NYSE:UGI) Has Affirmed Its Dividend Of $0.375
The board of UGI Corporation ( NYSE:UGI ) has announced that it will pay a dividend on the 1st of January, with...Narrative Update • Sep 04
Higher Pennsylvania Rates And Renewable Gas Will Boost Grid Resiliency
As consensus forecasts for both revenue growth (7.0% per annum) and future P/E (13.63x) remained stable, analysts maintained their price target for UGI at $41.00. What's in the News UGI completed the repurchase of 4,150,000 shares (2.09% of shares outstanding) for $178.11 million under its buyback program announced in 2018, with no shares repurchased from April 1 to June 30, 2025.Seeking Alpha • Apr 18
UGI: This Dividend Aristocrat Is Outperforming And Undervalued
Summary Dividend Aristocrats, including UGI Corporation, are outperforming in 2025, with UGI showing strong earnings and a solid dividend history since the 1970s. UGI's Q1 non-GAAP EPS of $1.37 beat expectations, driven by strong natural gas and international propane segments, despite a revenue miss. UGI's valuation remains attractive with a P/E multiple of 11.5x, supported by rising profits and a market shift towards less cyclical industries. Key risks include operational challenges, higher interest rates, and unfavorable rate case outcomes, but the long-term technical trend remains bullish. Read the full article on Seeking AlphaSeeking Alpha • Dec 10
UGI Corporation: Winning Combination Of High Yield And Low Valuation
Summary UGI Corporation offers a compelling investment opportunity with a 5.3% dividend yield, 36 years of dividend raises, and a 140-year track record of consecutive payments. Despite recent price gains, UGI stock remains undervalued with a forward P/E of 9.7, significantly below its historical average of 15. The company's diversified operations and strategic investments in natural gas and renewable energy position it for long-term growth, targeting a 9% CAGR rate base growth through 2027. Read the full article on Seeking AlphaSeeking Alpha • Sep 27
UGI Corporation: Solid Liquidity, Encouraging Dividend Plans, Mixed Chart
Summary The Utilities sector leads the S&P 500 in 2024, with UGI Corporation showing value despite mixed technicals. UGI's consistent dividends, cost control, and improved liquidity position highlight its balanced growth and income potential. Key risks include higher interest rates, regulatory changes, and political outcomes, but UGI's valuation remains favorable with a current P/E of 8-9. Technical analysis shows UGI's shares rangebound between $22 and $26, with a breakout above $26 potentially targeting $30. Read the full article on Seeking Alpha
New Narrative • Aug 29
Sustainable Initiatives And Divestitures Propel Growth, Amid Analyst Concerns Over Shrinking Profit Margins
UGI's focus on sustainable cost savings and strategic financing transactions aims to boost financial stability and operational efficiency, enhancing net margins.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How UGI makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 7,296 | 671 | 2,018 | 0 |
| 31 Mar 26 | 7,359 | 641 | 2,014 | 0 |
| 31 Dec 25 | 7,340 | 600 | 2,002 | 0 |
| 30 Sep 25 | 7,287 | 678 | 1,980 | 0 |
| 30 Jun 25 | 7,332 | 418 | 2,014 | 0 |
| 31 Mar 25 | 7,318 | 533 | 2,014 | 0 |
| 31 Dec 24 | 7,119 | 550 | 2,019 | 0 |
| 30 Sep 24 | 7,210 | 269 | 2,043 | 0 |
| 30 Jun 24 | 7,372 | 673 | 2,087 | 0 |
| 31 Mar 24 | 7,651 | -68 | 2,101 | 0 |
| 31 Dec 23 | 8,290 | -454 | 2,127 | 0 |
| 30 Sep 23 | 8,928 | -1,502 | 2,130 | 0 |
| 30 Jun 23 | 9,458 | -1,389 | 2,040 | 0 |
| 31 Mar 23 | 9,832 | -607 | 2,004 | 0 |
| 31 Dec 22 | 10,192 | 216 | 1,960 | 0 |
| 30 Sep 22 | 10,106 | 1,073 | 1,997 | 0 |
| 30 Jun 22 | 9,610 | 1,354 | 1,966 | 0 |
| 31 Mar 22 | 9,073 | 1,511 | 1,961 | 0 |
| 31 Dec 21 | 8,188 | 1,067 | 1,935 | 0 |
| 30 Sep 21 | 7,447 | 1,467 | 1,906 | 0 |
| 30 Jun 21 | 7,133 | 951 | 1,856 | 0 |
| 31 Mar 21 | 6,836 | 886 | 1,835 | 0 |
| 31 Dec 20 | 6,484 | 623 | 1,820 | 0 |
| 30 Sep 20 | 6,559 | 532 | 1,847 | 0 |
| 30 Jun 20 | 6,585 | 471 | 1,806 | 0 |
| 31 Mar 20 | 6,750 | 384 | 1,848 | 0 |
| 31 Dec 19 | 7,127 | 404 | 1,901 | 0 |
| 30 Sep 19 | 7,320 | 256 | 1,916 | 0 |
| 30 Jun 19 | 7,443 | 332 | 1,969 | 0 |
| 31 Mar 19 | 7,520 | 386 | 1,983 | 0 |
| 31 Dec 18 | 7,726 | 417 | 1,993 | 0 |
| 30 Sep 18 | 7,651 | 719 | 1,982 | 0 |
| 30 Jun 18 | 7,492 | 699 | 1,963 | 0 |
| 31 Mar 18 | 7,205 | 628 | 1,917 | 0 |
| 31 Dec 17 | 6,566 | 572 | 1,856 | 0 |
| 30 Sep 17 | 6,121 | 437 | 1,829 | 0 |
| 30 Jun 17 | 5,983 | 388 | 1,829 | 0 |
| 31 Mar 17 | 5,960 | 468 | 1,831 | 0 |
| 31 Dec 16 | 5,759 | 481 | 1,819 | 0 |
| 30 Sep 16 | 5,686 | 365 | 1,834 | 0 |
| 30 Jun 16 | 5,792 | 399 | 1,821 | 0 |
| 31 Mar 16 | 5,810 | 348 | 1,795 | 0 |
| 31 Dec 15 | 6,293 | 362 | 1,781 | 0 |
| 30 Sep 15 | 6,691 | 281 | 1,751 | 0 |
Quality Earnings: UGI has high quality earnings.
Growing Profit Margin: UGI's current net profit margins (9.2%) are higher than last year (5.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: UGI's earnings have declined by 12.1% per year over the past 5 years.
Accelerating Growth: UGI's earnings growth over the past year (60.5%) exceeds its 5-year average (-12.1% per year).
Earnings vs Industry: UGI earnings growth over the past year (60.5%) exceeded the Gas Utilities industry 22%.
Return on Equity
High ROE: UGI's Return on Equity (12.8%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/09 12:49 |
| End of Day Share Price | 2026/09/09 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
UGI Corporation is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Gross | Barclays |
| Carl Kirst | BMO Capital Markets Equity Research |
| Julien Dumoulin-Smith | BofA Global Research |