| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 2.7K | 29.1% | 1.3% |
| Total Income | 2.7K | 29.1% | 1.3% |
| Expenditure | 1.9K | 18.4% | 1.3% |
| PBT | 660.00 | 88.0% | 11.1% |
| Net Profit | 520.00 | 75.1% | 8.6% |
| OPM | 28.43% | 6.45pp | 1.85pp |
| NPM | 19.50% | 5.12pp | 1.31pp |
| EPS | 2.42 | 75.4% | 8.5% |
UGI Reports Q2 FY26 GAAP EPS $2.33 and Adjusted EPS $2.09
07 May 2026 · 7 May, 6:07 pm
Summary
UGI Corporation reported financial results for the fiscal quarter ended March 31, 2026. Q2 GAAP diluted earnings per share was $2.33 and adjusted diluted EPS was $2.09. Year-to-date reportable segments EBIT reached $1,129 million. The company updated its Fiscal 2026 adjusted diluted EPS guidance to a range of $2.75 - $2.90 per share. Bob Flexon, President and CEO, noted the company's strategic priorities and solid performance in natural gas businesses.
Key Highlights
- 1
Q2 GAAP diluted earnings per share was $2.33, while adjusted diluted EPS was $2.09, compared to GAAP diluted EPS of $2.19 and adjusted diluted EPS of $2.21 in the prior-year period.
- 2
Year-to-date GAAP diluted EPS reached $3.68, and adjusted diluted EPS was $3.35, compared to GAAP diluted EPS of $3.93 and adjusted diluted EPS of $3.58 in the prior-year period.
- 3
Year-to-date reportable segments earnings before interest expense and income taxes (EBIT) totaled $1,129 million compared to $1,112 million in the prior-year period.
- 4
Available liquidity stood at approximately $2.1 billion, with net leverage of 3.7x as of March 31, 2026.
- 5
The company announced a strategic partnership with Prime Data Centers to develop major natural gas supply infrastructure in Pennsylvania's northern tier.
- 6
UGI executed a definitive agreement to sell its electric division for approximately $470 million, subject to working capital adjustment.
- 7
Fiscal 2026 adjusted diluted EPS guidance is updated to a range of $2.75 - $2.90 per share.
Management Comments
Bob Flexon
"Our year-to-date results reflect the continued execution of our strategic priorities, with reportable segment EBIT ahead of the prior year. Our natural gas businesses delivered a solid performance, supported by higher gas base rates at our Utilities where we have also returned approximately $25 million to customers through our Pennsylvania weather normalization rider. UGI International continued to generate strong free cash flow while navigating a dynamic operating environment. At AmeriGas, we made tangible progress on our operational turnaround, including on-shoring our call center and driving year-over-year improvement in safety, customer satisfaction, routing and logistics efficiencies, as we better position the business for the upcoming heating season. We were also pleased to end the quarter with consolidated leverage below our targeted range for Fiscal 2026. "Looking beyond the quarter, I am increasingly confident in our ability to create long-term value. Although near-term Fiscal 2026 earnings expectations have softened due to timing of growth investments in Midstream & Marketing and steady progression of the AmeriGas transformation, we remain firmly committed to our long-term trajectory and growth targets. We are optimally situated to serve the growing demand for safe, reliable and affordable energy solutions across our service territories, reinforced by our recent strategic partnerships. At the same time, the 1 transformation underway at AmeriGas, disciplined capital allocation approach and continued improvement in leverage and liquidity are strengthening our foundation. Together, these advantages position UGI to deliver sustainable returns for our shareholders over the long-term."
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