What is the primary revenue source for UGI Corporation (UGI)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze UGI's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out UGI Corporation's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How UGI Corporation Makes Money: UGI Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

Operating margin improved by 1.19 percentage points year over year.

Revenue: USD 6.10B
Largest revenue segment share (Retail): 47.98%
Cost of revenue: USD 2.96B
Selling, general and administrative: USD 1.57B

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

RevenueIntersegment revenues · Revenues
Cost of revenueCost of sales
Selling, general and administrativeOperating and administrative expenses · SellingGeneralAndAdministrativeExpense
Largest revenue segment share (Retail)Retail · segment_value / revenue * 100
Operating marginOperating income (loss) · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Property, plant and equipment: USD 8.86B
Goodwill: USD 2.78B
Accounts receivable: USD 768.00M
Total liabilities: USD 10.41B
Shareholder equity: USD 5.22B

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty, plant, and equipment, after accumulated depreciation, depletion, and amortization · PropertyPlantAndEquipmentNet
Shareholder equityTotal equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesTotal liabilities · Liabilities
Accounts receivableAccounts receivable, after allowance for credit loss, current · AccountsReceivableNetCurrent

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 142.11% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 684.00M
Operating cash flow: USD 972.00M
Cash conversion: 142.11%
Free cash flow: USD 355.00M

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

Net incomeNet income (loss) attributable to ugi corporation · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Cash dividends: USD 241.00M
Share repurchases: USD 23.00M
Stock issuance proceeds: USD 15.00M
Net shareholder return: USD 249.00M

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)
Stock issuance proceedsIssuances of common stock · ProceedsFromIssuanceOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?