| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 1.3K | 51.3% | 4.5% |
| Total Income | 1.3K | 51.3% | 4.5% |
| Expenditure | 1.3K | 29.6% | 7.6% |
| PBT | -161.00 | 124.4% | 29.4% |
| Net Profit | -133.00 | 125.6% | 18.4% |
| OPM | -3.39% | 31.82pp | 3.45pp |
| NPM | -10.24% | 29.74pp | 1.75pp |
| EPS | -0.62 | 125.6% | 18.4% |
UGI Corporation Reports Q3 FY26 Results
06 Aug 2026 · 6 Aug, 6:12 pm
Summary
UGI Corporation announced its financial results for the fiscal quarter ended June 30, 2026, reporting GAAP diluted EPS of $(0.62) and adjusted diluted EPS of $(0.20). Year-to-date, adjusted diluted EPS stood at $3.17, while reportable segments EBIT reached $1,187 million, showing a slight increase year-over-year despite divestitures and weather impacts. The company reaffirmed its fiscal 2026 adjusted diluted EPS guidance. Management highlighted strong business fundamentals and opportunities driven by rising natural gas demand, while also noting segment-specific challenges and strategic initiatives.
Key Highlights
- 1
For the fiscal quarter ended June 30, 2026, UGI Corporation reported GAAP diluted earnings per share of $(0.62) and adjusted diluted EPS of $(0.20).
- 2
Year-to-date, GAAP diluted EPS was $3.08 and adjusted diluted EPS was $3.17, compared to $3.16 and $3.55 respectively in the prior-year period.
- 3
Year-to-date reportable segments EBIT was $1,187 million, a slight increase from $1,184 million in the prior-year period, despite impacts from LPG divestitures and warmer weather.
- 4
The company reaffirmed its revised fiscal 2026 adjusted diluted EPS guidance range of $2.75 - $2.90 per share.
- 5
UGI International reported a decrease in total margin by $6 million, primarily due to divestitures, while AmeriGas Propane saw its total margin decrease by $26 million due to lower retail gallons and reduced fee income.
- 6
The Utilities segment reported an increase in operating income of $10 million, driven by higher total margin due to increased gas base rates in PA.
- 7
UGI completed several debt transactions to extend maturities and reduce borrowing costs, projecting annualized savings of approximately $30 million.
Management Comments
Bob Flexon
The fundamentals across our businesses remain strong. With rising natural gas demand across our regions driven by economic development and load growth from data centers and power generation, we see meaningful opportunities ahead. At our PA Gas Utility, we reached a settlement in the gas base rate case, subject to final approval, which reinforces the focus of our business on customer affordability and investments that drive safety and reliability. UGI International offset the impact of divestitures to deliver comparable year-to-date EBIT on a year-over-year basis, while continuing to generate top-tier return on capital employed and free cash flow conversion. At AmeriGas, the transformation is taking hold and this is driving improved volume retention and favorable trends across several leading indicators, including safety, net promoter score, zero fills, and out-of-gas incidents. As we finish fiscal 2026, our focus is on being fully prepared for the upcoming winter heating season across all segments, and at AmeriGas in particular. With our portfolio of well-positioned businesses and through disciplined execution, we are building a more resilient and profitable UGI that will create long-term value for shareholders.
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