UGI (UGI) Financials

$32.06 +0.07 (+0.20%)

Closing price 03:59 PM Eastern

Extended Trading

$32.00 -0.05 (-0.17%)

As of 06:30 PM Eastern

Annual Income Statements for UGI

This table shows UGI's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	281	365	437	719	256	532	1,467	1,073	-1,502	269
Consolidated Net Income / (Loss)	414	489	524	822	308	532	1,467	1,074	-1,502	269
Net Income / (Loss) Continuing Operations	414	489	524	822	308	532	1,467	1,074	-1,502	269
Total Pre-Tax Income	592	710	701	855	401	667	1,989	1,387	-1,837	340
Total Operating Income	835	988	1,010	1,065	617	982	2,350	1,666	-1,444	770
Total Gross Profit	2,955	3,248	3,283	3,576	2,997	3,410	4,833	4,133	1,991	3,681
Total Revenue	6,691	5,686	6,121	7,651	7,320	6,559	7,447	10,106	8,928	7,210
Operating Revenue	6,691	5,686	6,121	7,651	7,320	6,559	7,447	10,106	8,928	7,210
Total Cost of Revenue	3,737	2,438	2,837	4,075	4,323	3,149	2,614	5,973	6,937	3,529
Operating Cost of Revenue	3,737	2,438	2,837	4,075	4,323	3,149	2,614	5,973	6,937	3,529
Total Operating Expenses	2,120	2,260	2,273	2,511	2,380	2,428	2,483	2,467	3,435	2,911
Selling, General & Admin Expense	1,774	1,882	1,868	2,013	1,963	1,911	2,014	2,028	2,158	2,132
Depreciation Expense	313	401	416	455	448	484	502	518	532	551
Other Operating Expenses / (Income)	-28	-22	-11	-32	-31	-21	-33	-79	89	33
Impairment Charge	-	0.00	0.00	75	-	-	0.00	0.00	656	195
Total Other Income / (Expense), net	-243	-278	-309	-210	-216	-315	-361	-279	-393	-430
Interest Expense	242	278	283	230	264	322	310	340	388	403
Interest & Investment Income	-1.20	-0.20	4.30	4.00	9.00	27	-63	-14	2.00	-19
Other Income / (Expense), net	0.00	0.00	-30	16	39	-20	12	75	-7.00	-8.00
Income Tax Expense	178	221	178	33	93	135	522	313	-335	71
Net Income / (Loss) Attributable to Noncontrolling Interest	133	124	87	103	52	0.00	0.00	1.00	0.00	0.00
Basic Earnings per Share	$1.62	$2.11	$2.51	$4.13	$1.44	$2.55	$7.02	$5.11	($7.16)	$1.27
Weighted Average Basic Shares Outstanding	173.12M	173.15M	173.66M	173.91M	178.42M	208.93M	209.06M	209.94M	209.81M	211.31M
Diluted Earnings per Share	$1.60	$2.08	$2.46	$4.06	$1.41	$2.54	$6.92	$4.97	($7.16)	$1.25
Weighted Average Diluted Shares Outstanding	175.67M	175.57M	177.16M	176.91M	181.11M	209.87M	212.13M	215.82M	209.81M	215.27M
Weighted Average Basic & Diluted Shares Outstanding	173.50M	172.80M	173.90M	174M	209.01M	208.42M	209.22M	209.69M	210.90M	214.70M
Cash Dividends to Common per Share	$0.89	$0.93	$0.98	$1.02	$1.15	$1.31	$1.35	$1.41	$1.47	$1.50

This table shows UGI's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	-7.00	244	-954	110	-789	131	94	496	-48	-273	375
Consolidated Net Income / (Loss)	-7.00	243	-954	110	-789	131	94	496	-48	-273	375
Net Income / (Loss) Continuing Operations	-7.00	243	-954	110	-789	131	94	496	-48	-273	375
Total Pre-Tax Income	-8.00	271	-1,323	164	-835	157	120	629	-55	-354	417
Total Operating Income	99	303	-1,204	255	-732	237	232	717	67	-246	487
Total Gross Profit	672	912	-347	958	555	825	919	1,437	741	584	1,107
Total Revenue	2,033	1,934	2,759	3,106	1,659	1,404	2,121	2,467	1,380	1,242	2,030
Operating Revenue	2,033	1,934	2,759	3,106	1,659	1,404	2,121	2,467	1,380	1,242	2,030
Total Cost of Revenue	1,361	1,022	3,106	2,148	1,104	579	1,202	1,030	639	658	923
Operating Cost of Revenue	1,361	1,022	3,106	2,148	1,104	579	1,202	1,030	639	658	923
Total Operating Expenses	573	609	857	703	1,287	588	659	720	673	831	620
Selling, General & Admin Expense	465	496	529	587	523	519	530	591	501	510	497
Depreciation Expense	130	131	131	132	134	135	137	138	139	137	138
Other Operating Expenses / (Income)	-22	-18	197	-16	-26	-66	-8.00	-9.00	-29	51	-15
Total Other Income / (Expense), net	-107	-32	-119	-91	-103	-80	-140	-88	-123	-107	-70
Interest Expense	82	84	92	93	105	98	100	100	103	100	102
Interest & Investment Income	-45	18	1.00	0.00	1.00	-	1.00	1.00	-24	3.00	3.00
Other Income / (Expense), net	20	34	-28	2.00	1.00	18	-41	11	4.00	-10	29
Income Tax Expense	-1.00	28	-369	54	-46	26	26	133	-7.00	-81	42
Basic Earnings per Share	($0.03)	$1.16	($4.54)	$0.52	($3.76)	$0.62	$0.45	$2.36	($0.23)	($1.31)	$1.74
Weighted Average Basic Shares Outstanding	210.19M	209.94M	209.93M	209.86M	209.71M	209.81M	209.78M	209.83M	210.68M	211.31M	214.93M
Diluted Earnings per Share	($0.03)	$1.14	($4.54)	$0.51	($3.76)	$0.63	$0.44	$2.30	($0.23)	($1.26)	$1.74
Weighted Average Diluted Shares Outstanding	210.19M	215.82M	209.93M	216.12M	209.71M	209.81M	215.57M	215.25M	210.68M	215.27M	215.70M
Weighted Average Basic & Diluted Shares Outstanding	209.38M	209.69M	209.56M	209.33M	209.48M	210.90M	209.55M	209.62M	214.69M	214.70M	214.81M
Cash Dividends to Common per Share	$0.36	-	$0.36	$0.36	$0.38	-	$0.38	$0.38	$0.38	-	$0.38

This table details how cash moves in and out of UGI's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-50	133	30	-102	65	-154	520	-408	-129	-112
Net Cash From Operating Activities	1,164	970	964	1,085	1,078	1,102	1,481	716	1,107	1,182
Net Cash From Continuing Operating Activities	1,164	970	945	1,081	1,078	1,102	1,481	716	1,107	1,182
Net Income / (Loss) Continuing Operations	414	489	524	822	308	532	1,467	1,074	-1,502	269
Consolidated Net Income / (Loss)	414	489	524	822	308	532	1,467	1,074	-1,502	269
Depreciation Expense	374	401	416	455	448	484	502	518	532	551
Non-Cash Adjustments To Reconcile Net Income	51	51	-12	141	12	95	151	104	966	333
Changes in Operating Assets and Liabilities, net	325	29	37	-337	310	-9.00	-639	-980	1,111	29
Net Cash From Investing Activities	-976	-559	-769	-749	-2,055	-649	-1,113	-1,012	-1,077	-792
Net Cash From Continuing Investing Activities	-976	-559	-769	-749	-2,055	-649	-1,113	-1,012	-1,077	-792
Purchase of Property, Plant & Equipment	-491	-564	-639	-574	-705	-655	-690	-804	-974	-796
Acquisitions	-448	-61	-101	-187	-1,362	-16	-462	-289	-155	-92
Divestitures	-	-	-	-	-	-	39	44	30	93
Sale and/or Maturity of Investments	-	-	-	-	-	0.00	0.00	26	22	3.00
Other Investing Activities, net	-38	66	-29	12	12	22	0.00	11	0.00	0.00
Net Cash From Financing Activities	-217	-275	-147	-438	1,042	-635	166	-51	-168	-506
Net Cash From Continuing Financing Activities	-217	-275	-147	-438	1,042	-635	166	-51	-168	-506
Repayment of Debt	-465	-1,570	-1,066	-191	-749	-535	-440	-977	-1,764	-1,497
Repurchase of Common Equity	-34	-48	-43	-60	-17	-38	0.00	-38	-22	0.00
Payment of Dividends	-402	-418	-431	-440	-992	-273	-282	-296	-308	-318
Issuance of Debt	672	1,747	1,382	218	2,783	209	656	1,257	1,930	1,321
Issuance of Common Equity	12	14	11	35	17	2.00	19	19	12	0.00
Other Financing Activities, net	-	-	0.00	-	-	0.00	0.00	-16	-16	-12
Effect of Exchange Rate Changes	-20	-2.90	-	-	-	28	-14	-61	9.00	4.00
Cash Interest Paid	227	229	202	222	248	311	297	320	332	403
Cash Income Taxes Paid	173	135	98	118	74	75	96	61	-17	80

This table details how cash moves in and out of UGI's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	-89	-215	75	-141	-65	2.00	-38	6.00	-97	17	18
Net Cash From Operating Activities	448	-132	-240	664	433	250	119	522	390	151	164
Net Cash From Continuing Operating Activities	448	-132	-240	664	433	250	119	522	390	151	164
Net Income / (Loss) Continuing Operations	-7.00	243	-954	110	-789	131	94	496	-48	-273	375
Consolidated Net Income / (Loss)	-7.00	243	-954	110	-789	131	94	496	-48	-273	375
Depreciation Expense	130	131	131	132	134	135	137	138	139	137	138
Amortization Expense	-	-	0.00	-	-	-	-6.00	-5.00	-	-	0.00
Non-Cash Adjustments To Reconcile Net Income	80	-22	268	35	694	-31	32	20	78	203	12
Changes in Operating Assets and Liabilities, net	245	-484	315	387	394	15	-138	-127	210	84	-361
Net Cash From Investing Activities	-202	-295	-271	-202	-288	-316	-165	-188	-198	-241	-232
Net Cash From Continuing Investing Activities	-202	-295	-271	-202	-288	-316	-165	-188	-198	-241	-232
Purchase of Property, Plant & Equipment	-196	-253	-210	-204	-256	-304	-156	-169	-205	-266	-211
Acquisitions	-31	-60	-49	-23	-38	-45	-19	-28	-19	-26	-25
Sale of Property, Plant & Equipment	-	-	-	-	-	-	10	-	-	-	4.00
Net Cash From Financing Activities	-315	239	548	-594	-198	76	3.00	-324	-287	102	95
Net Cash From Continuing Financing Activities	-315	239	548	-594	-198	76	3.00	-324	-287	102	95
Repayment of Debt	-425	-80	480	-1,631	-708	95	-244	-321	-684	-248	-699
Repurchase of Common Equity	-42	12	-16	-14	-4.00	12	-4.00	-4.00	-4.00	12	0.00
Payment of Dividends	-75	-76	-76	-75	-79	-78	-79	-78	-81	-80	-81
Issuance of Debt	219	394	155	1,122	590	63	330	79	482	430	875
Effect of Exchange Rate Changes	-20	-27	38	-9.00	-12	-8.00	5.00	-4.00	-	-	-9.00

This table presents UGI's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	10,514	10,847	11,582	11,981	13,347	13,985	16,723	17,575	15,401	15,098
Total Current Assets	1,460	1,424	1,698	1,888	1,566	1,543	3,270	3,802	2,045	1,651
Cash & Equivalents	370	503	558	453	447	336	855	405	241	213
Restricted Cash	69	16	10	9.60	64	21	22	64	99	15
Short-Term Investments	23	31	63	143	29	44	-	-	75	29
Accounts Receivable	620	552	627	752	641	652	880	1,127	878	709
Inventories, net	240	210	279	318	230	241	469	665	433	411
Prepaid Expenses	114	97	84	130	72	96	135	110	123	238
Other Current Assets	16	16	76	83	83	73	781	1,008	160	36
Plant, Property, & Equipment, net	4,994	5,238	5,537	5,808	6,688	6,960	7,558	8,040	8,547	8,763
Total Noncurrent Assets	4,060	4,185	4,348	4,285	5,093	5,482	5,895	5,733	4,809	4,684
Goodwill	2,953	2,989	3,107	3,160	3,456	3,518	3,770	3,612	3,027	2,871
Intangible Assets	610	580	612	514	709	677	583	500	443	391
Other Noncurrent Operating Assets	497	616	629	611	928	1,287	1,542	1,621	1,339	1,422
Total Liabilities & Shareholders' Equity	10,514	10,847	11,582	11,981	13,347	13,985	16,723	17,575	15,401	15,098
Total Liabilities	6,942	7,252	7,841	7,881	9,520	9,848	11,192	11,501	11,007	10,744
Total Current Liabilities	1,679	1,442	1,690	1,732	2,028	1,755	2,297	2,444	2,274	2,060
Short-Term Debt	448	321	544	444	820	400	477	517	706	700
Accounts Payable	393	391	440	562	439	475	837	891	613	544
Other Current Liabilities	405	325	314	343	405	514	594	645	581	816
Total Noncurrent Liabilities	5,263	5,810	6,151	6,149	7,492	8,093	8,895	9,057	8,733	8,684
Long-Term Debt	3,410	3,766	3,995	4,147	5,780	5,981	6,339	6,483	6,543	6,443
Noncurrent Deferred & Payable Income Tax Liabilities	1,138	1,216	1,357	992	541	640	1,137	1,305	928	1,008
Other Noncurrent Operating Liabilities	716	829	800	1,010	1,171	1,472	1,419	1,269	1,262	1,233
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,572	3,595	3,741	4,100	3,827	4,137	5,531	6,074	4,394	4,354
Total Preferred & Common Equity	2,692	2,844	3,163	3,681	3,817	4,128	5,522	6,066	4,386	4,345
Preferred Stock	-	-	-	-	-	0.00	213	162	167	0.00
Total Common Equity	2,692	2,844	3,163	3,681	3,817	4,128	5,309	5,904	4,219	4,345
Common Stock	1,215	1,202	1,189	1,201	1,397	1,416	1,394	1,483	1,503	1,676
Retained Earnings	1,637	1,834	2,107	2,611	2,653	2,908	4,081	4,841	3,027	2,978
Treasury Stock	-45	-37	-39	-20	-16	-49	-26	-40	-55	-56
Accumulated Other Comprehensive Income / (Loss)	-115	-155	-93	-110	-217	-147	-140	-380	-256	-253
Noncontrolling Interest	880	751	578	419	10	9.00	9.00	8.00	8.00	9.00

This table presents UGI's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Total Assets	17,111	17,128	16,429	15,243	15,716	15,624	15,066	15,412
Total Current Assets	3,509	3,456	2,760	2,035	2,285	2,214	1,716	2,047
Cash & Equivalents	670	317	321	260	204	263	183	240
Restricted Cash	14	227	82	78	98	45	28	6.00
Short-Term Investments	773	238	110	31	41	38	39	52
Accounts Receivable	1,234	1,578	1,487	955	1,188	1,192	827	1,023
Inventories, net	496	618	433	410	441	375	379	381
Prepaid Expenses	176	331	233	272	193	203	222	200
Other Current Assets	19	147	94	29	120	98	38	145
Plant, Property, & Equipment, net	7,839	8,176	8,255	8,394	8,601	8,608	8,571	8,750
Total Noncurrent Assets	5,763	5,496	5,414	4,814	4,830	4,802	4,779	4,615
Goodwill	3,671	3,697	3,709	3,060	3,070	3,048	3,030	2,805
Intangible Assets	523	488	472	460	430	415	400	371
Other Noncurrent Operating Assets	1,569	1,311	1,233	1,294	1,330	1,339	1,349	1,439
Total Liabilities & Shareholders' Equity	17,111	17,128	16,429	15,243	15,716	15,624	15,066	15,412
Total Liabilities	11,106	11,940	11,215	10,870	11,284	10,793	10,376	10,824
Total Current Liabilities	2,068	3,380	2,273	2,083	2,341	1,823	1,886	2,039
Short-Term Debt	323	1,393	515	537	611	387	633	668
Accounts Payable	843	1,014	757	541	741	579	462	599
Other Current Liabilities	902	973	1,001	1,005	989	857	791	772
Total Noncurrent Liabilities	9,038	8,560	8,942	8,787	8,943	8,970	8,490	8,785
Long-Term Debt	6,399	6,323	6,702	6,579	6,769	6,730	6,288	6,596
Noncurrent Deferred & Payable Income Tax Liabilities	1,291	958	958	905	913	1,030	1,019	1,021
Other Noncurrent Operating Liabilities	1,348	1,279	1,282	1,303	1,261	1,210	1,183	1,168
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,005	5,188	5,214	4,373	4,432	4,831	4,690	4,588
Total Preferred & Common Equity	5,996	5,180	5,205	4,364	4,423	4,822	4,681	4,580
Preferred Stock	162	167	167	167	167	167	0.00	0.00
Total Common Equity	5,834	5,013	5,038	4,197	4,256	4,655	4,681	4,580
Common Stock	1,474	1,482	1,492	1,500	1,501	1,505	1,675	1,679
Retained Earnings	4,674	3,808	3,842	2,974	3,042	3,460	3,331	3,272
Treasury Stock	-41	-46	-55	-55	-55	-56	-56	-58
Accumulated Other Comprehensive Income / (Loss)	-273	-231	-241	-222	-232	-254	-269	-313
Noncontrolling Interest	9.00	8.00	9.00	9.00	9.00	9.00	9.00	8.00

This table displays calculated financial ratios and metrics derived from UGI's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-19.16%	-15.03%	7.65%	25.00%	-4.33%	-10.40%	13.54%	35.71%	-11.66%	-19.24%
EBITDA Growth	-11.66%	14.88%	0.55%	9.98%	-28.13%	30.98%	98.06%	-21.12%	-140.68%	242.87%
EBIT Growth	-16.97%	18.34%	-0.78%	10.27%	-39.32%	46.65%	145.53%	-26.29%	-183.34%	152.52%
NOPAT Growth	-16.27%	16.46%	10.89%	35.75%	-53.72%	65.27%	121.29%	-25.57%	-178.35%	160.27%
Net Income Growth	-22.27%	18.07%	7.16%	56.93%	-62.53%	72.73%	175.75%	-26.79%	-239.85%	117.91%
EPS Growth	-16.67%	30.00%	18.27%	65.04%	-65.27%	80.14%	172.44%	-28.18%	-244.06%	117.46%
Operating Cash Flow Growth	15.75%	-16.68%	-0.55%	12.51%	-0.65%	2.23%	34.39%	-51.65%	54.61%	6.78%
Free Cash Flow Firm Growth	-24.46%	-4.96%	-56.78%	158.98%	-326.75%	146.34%	-38.29%	13.35%	-79.07%	562.09%
Invested Capital Growth	0.47%	2.22%	7.35%	5.67%	22.14%	1.68%	13.37%	7.49%	-8.93%	0.11%
Revenue Q/Q Growth	-3.30%	-1.84%	2.30%	2.12%	-1.65%	-0.39%	4.40%	5.16%	-5.60%	-2.20%
EBITDA Q/Q Growth	1.19%	-5.65%	9.55%	2.71%	-10.88%	10.27%	35.48%	-16.83%	-9.27%	-27.94%
EBIT Q/Q Growth	0.34%	-7.66%	12.43%	4.00%	-17.49%	15.72%	46.07%	-20.94%	-5.99%	-40.14%
NOPAT Q/Q Growth	1.45%	-7.42%	15.57%	-2.16%	-20.10%	31.12%	38.95%	-18.41%	-4.79%	-38.52%
Net Income Q/Q Growth	1.85%	-11.45%	23.31%	1.04%	-28.46%	35.61%	54.26%	-20.80%	-8.06%	-60.03%
EPS Q/Q Growth	2.56%	-9.57%	10.31%	2.27%	-23.78%	17.59%	52.42%	-20.73%	-7.67%	-60.19%
Operating Cash Flow Q/Q Growth	4.34%	-8.41%	1.23%	3.81%	-0.44%	-1.29%	24.87%	-44.15%	52.69%	-7.73%
Free Cash Flow Firm Q/Q Growth	-7.45%	-19.69%	-18.34%	25.57%	-410.43%	155.02%	-61.57%	-20.93%	111.07%	-20.36%
Invested Capital Q/Q Growth	-0.45%	0.59%	2.59%	0.65%	20.48%	1.41%	12.08%	9.40%	0.97%	-1.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.16%	57.13%	53.64%	46.74%	40.94%	51.99%	64.90%	40.90%	22.30%	51.05%
EBITDA Margin	18.07%	24.43%	22.82%	20.08%	15.08%	22.05%	38.46%	22.35%	-10.29%	18.21%
Operating Margin	12.48%	17.38%	16.50%	13.92%	8.43%	14.97%	31.56%	16.49%	-16.17%	10.68%
EBIT Margin	12.48%	17.38%	16.02%	14.13%	8.96%	14.67%	31.72%	17.23%	-16.25%	10.57%
Profit (Net Income) Margin	6.19%	8.60%	8.56%	10.74%	4.21%	8.11%	19.70%	10.63%	-16.82%	3.73%
Tax Burden Percent	69.96%	68.85%	74.68%	96.14%	76.81%	79.76%	73.76%	77.43%	81.76%	79.12%
Interest Burden Percent	70.88%	71.86%	71.55%	79.09%	61.13%	69.33%	84.21%	79.67%	126.60%	44.62%
Effective Tax Rate	30.04%	31.15%	25.32%	3.86%	23.19%	20.24%	26.24%	22.57%	0.00%	20.88%
Return on Invested Capital (ROIC)	8.33%	9.58%	10.13%	12.92%	5.24%	7.81%	16.06%	10.84%	-8.58%	5.42%
ROIC Less NNEP Spread (ROIC-NNEP)	3.32%	4.14%	4.03%	7.88%	1.97%	3.65%	11.59%	7.30%	-16.09%	0.46%
Return on Net Nonoperating Assets (RNNOA)	3.11%	4.06%	4.15%	8.05%	2.53%	5.55%	14.29%	7.67%	-20.12%	0.73%
Return on Equity (ROE)	11.44%	13.64%	14.28%	20.97%	7.77%	13.36%	30.35%	18.51%	-28.70%	6.15%
Cash Return on Invested Capital (CROIC)	7.87%	7.38%	3.04%	7.40%	-14.70%	6.14%	3.52%	3.62%	0.77%	5.32%
Operating Return on Assets (OROA)	8.10%	9.25%	8.74%	9.18%	5.18%	7.04%	15.38%	10.15%	-8.80%	5.00%
Return on Assets (ROA)	4.02%	4.58%	4.67%	6.98%	2.43%	3.89%	9.55%	6.26%	-9.11%	1.76%
Return on Common Equity (ROCE)	8.46%	10.54%	11.69%	18.30%	7.35%	13.33%	29.62%	17.88%	-27.75%	6.02%
Return on Equity Simple (ROE_SIMPLE)	15.38%	17.19%	16.56%	22.33%	8.07%	12.89%	26.57%	17.71%	-34.25%	6.19%
Net Operating Profit after Tax (NOPAT)	584	680	754	1,024	474	783	1,733	1,290	-1,011	609
NOPAT Margin	8.73%	11.96%	12.32%	13.38%	6.47%	11.94%	23.27%	12.77%	-11.32%	8.45%
Net Nonoperating Expense Percent (NNEP)	5.02%	5.44%	6.10%	5.04%	3.26%	4.15%	4.47%	3.54%	7.51%	4.96%
Cost of Revenue to Revenue	55.84%	42.87%	46.36%	53.26%	59.06%	48.01%	35.10%	59.10%	77.70%	48.95%
SG&A Expenses to Revenue	26.51%	33.10%	30.51%	26.31%	26.82%	29.14%	27.04%	20.07%	24.17%	29.57%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	31.68%	39.75%	37.14%	32.82%	32.51%	37.02%	33.34%	24.41%	38.47%	40.37%
Earnings before Interest and Taxes (EBIT)	835	988	980	1,081	656	962	2,362	1,741	-1,451	762
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,209	1,389	1,397	1,536	1,104	1,446	2,864	2,259	-919	1,313
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.67	2.11	2.01	2.09	1.87	1.41	1.47	1.02	1.07	1.24
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	1,039.50	0.00	0.00	8.16	3.38	6.03	4.96
Price to Revenue (P/Rev)	0.67	1.05	1.04	1.01	0.98	0.89	1.05	0.60	0.51	0.75
Price to Earnings (P/E)	16.00	16.44	14.53	10.70	27.90	10.94	5.32	5.64	0.00	19.97
Dividend Yield	3.42%	2.69%	2.66%	2.31%	3.43%	4.69%	3.62%	4.88%	6.81%	6.00%
Earnings Yield	6.25%	6.08%	6.88%	9.35%	3.58%	9.14%	18.81%	17.74%	0.00%	5.01%
Enterprise Value to Invested Capital (EV/IC)	1.25	1.43	1.40	1.48	1.33	1.17	1.22	1.03	1.03	1.09
Enterprise Value to Revenue (EV/Rev)	1.31	1.81	1.77	1.58	1.81	1.80	1.87	1.26	1.29	1.70
Enterprise Value to EBITDA (EV/EBITDA)	7.25	7.41	7.75	7.88	11.97	8.17	4.87	5.64	0.00	9.34
Enterprise Value to EBIT (EV/EBIT)	10.51	10.41	11.05	11.19	20.14	12.28	5.91	7.32	0.00	16.10
Enterprise Value to NOPAT (EV/NOPAT)	15.02	15.12	14.36	11.81	27.88	15.08	8.06	9.88	0.00	20.14
Enterprise Value to Operating Cash Flow (EV/OCF)	7.54	10.61	11.23	11.15	12.26	10.72	9.43	17.81	10.41	10.38
Enterprise Value to Free Cash Flow (EV/FCFF)	15.91	19.63	47.82	20.62	0.00	19.17	36.72	29.58	127.82	20.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.08	1.14	1.21	1.12	1.72	1.54	1.23	1.15	1.65	1.64
Long-Term Debt to Equity	0.95	1.05	1.07	1.01	1.51	1.45	1.15	1.07	1.49	1.48
Financial Leverage	0.94	0.98	1.03	1.02	1.28	1.52	1.23	1.05	1.25	1.57
Leverage Ratio	2.85	2.98	3.06	3.01	3.20	3.43	3.18	2.96	3.15	3.49
Compound Leverage Factor	2.02	2.14	2.19	2.38	1.95	2.38	2.67	2.35	3.99	1.56
Debt to Total Capital	51.92%	53.20%	54.82%	52.82%	63.30%	60.67%	55.20%	53.54%	62.26%	62.13%
Short-Term Debt to Total Capital	6.03%	4.18%	6.58%	5.11%	7.86%	3.80%	3.86%	3.95%	6.06%	6.09%
Long-Term Debt to Total Capital	45.89%	49.02%	48.24%	47.71%	55.43%	56.86%	51.34%	49.59%	56.20%	56.04%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.73%	1.24%	1.43%	0.00%
Noncontrolling Interests to Total Capital	11.85%	9.77%	6.98%	4.82%	0.10%	0.09%	0.07%	0.06%	0.07%	0.08%
Common Equity to Total Capital	36.23%	37.02%	38.20%	42.36%	36.61%	39.25%	43.00%	45.16%	36.24%	37.79%
Debt to EBITDA	3.19	2.94	3.25	2.99	5.98	4.41	2.38	3.10	-7.89	5.44
Net Debt to EBITDA	2.81	2.55	2.80	2.59	5.49	4.14	2.07	2.89	-7.44	5.24
Long-Term Debt to EBITDA	2.82	2.71	2.86	2.70	5.24	4.14	2.21	2.87	-7.12	4.91
Debt to NOPAT	6.60	6.01	6.02	4.48	13.93	8.15	3.93	5.43	-7.17	11.73
Net Debt to NOPAT	5.81	5.20	5.18	3.89	12.79	7.63	3.43	5.06	-6.76	11.30
Long-Term Debt to NOPAT	5.84	5.54	5.30	4.05	12.20	7.64	3.66	5.03	-6.47	10.58
Altman Z-Score	1.48	1.56	1.55	1.84	1.40	1.32	1.74	1.70	0.77	1.19
Noncontrolling Interest Sharing Ratio	26.04%	22.76%	18.11%	12.71%	5.41%	0.24%	2.39%	3.38%	3.30%	2.10%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.87	0.99	1.00	1.09	0.77	0.88	1.42	1.56	0.90	0.80
Quick Ratio	0.60	0.75	0.74	0.78	0.55	0.59	0.76	0.63	0.53	0.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	551	524	226	586	-1,330	616	380	431	90	597
Operating Cash Flow to CapEx	237.22%	171.99%	150.95%	189.02%	152.91%	168.24%	214.64%	89.05%	113.66%	148.49%
Free Cash Flow to Firm to Interest Expense	2.28	1.89	0.80	2.55	-5.04	1.91	1.23	1.27	0.23	1.48
Operating Cash Flow to Interest Expense	4.81	3.49	3.41	4.72	4.08	3.42	4.78	2.11	2.85	2.93
Operating Cash Flow Less CapEx to Interest Expense	2.78	1.46	1.15	2.22	1.41	1.39	2.55	-0.26	0.34	0.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.53	0.55	0.65	0.58	0.48	0.49	0.59	0.54	0.47
Accounts Receivable Turnover	10.26	9.71	10.39	11.10	10.51	10.15	9.72	10.07	8.91	9.09
Inventory Turnover	11.27	10.83	11.61	13.66	15.77	13.37	7.36	10.53	12.64	8.36
Fixed Asset Turnover	1.40	1.11	1.14	1.35	1.17	0.96	1.03	1.30	1.08	0.83
Accounts Payable Turnover	8.76	6.22	6.83	8.14	8.64	6.89	3.98	6.91	9.22	6.10
Days Sales Outstanding (DSO)	35.58	37.60	35.14	32.89	34.73	35.98	37.54	36.24	40.98	40.17
Days Inventory Outstanding (DIO)	32.38	33.71	31.45	26.73	23.14	27.30	49.57	34.65	28.89	43.65
Days Payable Outstanding (DPO)	41.65	58.71	53.44	44.85	42.25	52.97	91.60	52.80	39.57	59.83
Cash Conversion Cycle (CCC)	26.31	12.60	13.14	14.77	15.62	10.30	-4.49	18.09	30.30	23.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,025	7,181	7,709	8,146	9,950	10,117	11,470	12,329	11,228	11,240
Invested Capital Turnover	0.95	0.80	0.82	0.97	0.81	0.65	0.69	0.85	0.76	0.64
Increase / (Decrease) in Invested Capital	33	156	528	437	1,804	167	1,353	859	-1,101	12
Enterprise Value (EV)	8,771	10,285	10,829	12,096	13,213	11,810	13,962	12,750	11,529	12,267
Market Capitalization	4,495	5,996	6,344	7,692	7,143	5,821	7,801	6,049	4,520	5,372
Book Value per Share	$15.58	$16.42	$18.25	$21.17	$21.89	$19.82	$25.39	$28.20	$20.14	$20.24
Tangible Book Value per Share	($5.04)	($4.19)	($3.20)	$0.04	($2.00)	($0.32)	$4.57	$8.56	$3.58	$5.04
Total Capital	7,430	7,682	8,280	8,690	10,427	10,518	12,347	13,074	11,643	11,497
Total Debt	3,857	4,087	4,539	4,590	6,600	6,381	6,816	7,000	7,249	7,143
Total Long-Term Debt	3,410	3,766	3,995	4,147	5,780	5,981	6,339	6,483	6,543	6,443
Net Debt	3,395	3,538	3,907	3,986	6,060	5,980	5,939	6,531	6,834	6,886
Capital Expenditures (CapEx)	491	564	639	574	705	655	690	804	974	796
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-234	-246	-80	-5.00	-182	-213	573	1,406	62	34
Debt-free Net Working Capital (DFNWC)	229	303	552	600	358	188	1,450	1,875	477	291
Net Working Capital (NWC)	-219	-18	7.40	156	-462	-212	973	1,358	-229	-409
Net Nonoperating Expense (NNE)	170	191	230	202	166	251	266	216	491	340
Net Nonoperating Obligations (NNO)	3,452	3,586	3,968	4,046	6,123	5,980	5,939	6,255	6,834	6,886
Total Depreciation and Amortization (D&A)	374	401	416	455	448	484	502	518	532	551
Debt-free, Cash-free Net Working Capital to Revenue	-3.49%	-4.33%	-1.31%	-0.07%	-2.49%	-3.25%	7.69%	13.91%	0.69%	0.47%
Debt-free Net Working Capital to Revenue	3.42%	5.33%	9.02%	7.84%	4.89%	2.87%	19.47%	18.55%	5.34%	4.04%
Net Working Capital to Revenue	-3.27%	-0.32%	0.12%	2.04%	-6.31%	-3.23%	13.07%	13.44%	-2.57%	-5.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.62	$2.11	$2.51	$4.13	$1.44	$2.55	$7.02	$5.11	($7.16)	$1.27
Adjusted Weighted Average Basic Shares Outstanding	173.12M	173.15M	173.66M	173.91M	178.42M	208.93M	209.06M	209.94M	209.81M	211.31M
Adjusted Diluted Earnings per Share	$1.60	$2.08	$2.46	$4.06	$1.41	$2.54	$6.92	$4.97	($7.16)	$1.25
Adjusted Weighted Average Diluted Shares Outstanding	175.67M	175.57M	177.16M	176.91M	181.11M	209.87M	212.13M	215.82M	209.81M	215.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	172.44M	172.98M	173.15M	173.85M	209.01M	208.42M	209.22M	209.69M	210.90M	214.70M
Normalized Net Operating Profit after Tax (NOPAT)	584	680	754	1,096	474	826	1,733	1,290	-552	763
Normalized NOPAT Margin	8.73%	11.96%	12.32%	14.32%	6.47%	12.60%	23.27%	12.77%	-6.18%	10.59%
Pre Tax Income Margin	8.84%	12.49%	11.46%	11.18%	5.48%	10.17%	26.71%	13.72%	-20.58%	4.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.45	3.56	3.46	4.70	2.48	2.99	7.62	5.12	-3.74	1.89
NOPAT to Interest Expense	2.41	2.45	2.66	4.45	1.80	2.43	5.59	3.79	-2.61	1.51
EBIT Less CapEx to Interest Expense	1.42	1.53	1.21	2.20	-0.19	0.95	5.39	2.76	-6.25	-0.08
NOPAT Less CapEx to Interest Expense	0.39	0.42	0.41	1.96	-0.88	0.40	3.37	1.43	-5.12	-0.46
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	97.20%	85.52%	82.19%	53.53%	322.08%	51.32%	19.22%	27.56%	-20.51%	118.22%
Augmented Payout Ratio	105.43%	95.25%	90.45%	60.83%	327.60%	58.46%	19.22%	31.10%	-21.97%	118.22%

This table displays calculated financial ratios and metrics derived from UGI's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	35.90%	34.49%	3.22%	-10.39%	-18.40%	-27.40%	-23.12%	-20.57%	-16.82%	-11.54%	-4.29%
EBITDA Growth	-51.84%	-49.41%	-1,650.70%	-73.56%	-339.76%	-16.67%	129.25%	121.34%	135.18%	-130.51%	103.11%
EBIT Growth	-69.64%	-57.77%	-2,024.14%	-80.86%	-714.29%	-24.33%	115.50%	183.27%	109.71%	-200.39%	170.16%
NOPAT Growth	-72.94%	-52.13%	-1,670.59%	-82.60%	-839.39%	-27.22%	121.56%	230.57%	109.15%	-187.08%	140.98%
Net Income Growth	-104.67%	-53.71%	-893.75%	-88.22%	-11,171.43%	-46.09%	109.85%	350.91%	93.92%	-308.40%	298.94%
EPS Growth	-104.23%	-53.28%	-886.96%	-88.19%	-12,433.33%	-44.74%	109.69%	350.98%	93.88%	-300.00%	295.45%
Operating Cash Flow Growth	11.72%	-130.41%	59.60%	-33.20%	-3.35%	289.39%	149.58%	-21.39%	-9.93%	-39.60%	37.82%
Free Cash Flow Firm Growth	-51,144.05%	25.22%	-31.64%	-866.64%	62.51%	321.14%	158.63%	500.70%	46.44%	-114.18%	-57.72%
Invested Capital Growth	10.12%	7.49%	5.03%	3.39%	-1.33%	-8.93%	-5.39%	-2.65%	2.17%	0.11%	0.74%
Revenue Q/Q Growth	-41.34%	-4.87%	42.66%	12.58%	-46.59%	-15.37%	51.07%	16.31%	-44.06%	-10.00%	63.45%
EBITDA Q/Q Growth	-83.07%	87.95%	-335.26%	135.33%	-253.47%	165.33%	-17.44%	146.00%	-75.61%	-156.67%	649.58%
EBIT Q/Q Growth	-91.14%	183.19%	-465.58%	120.86%	-384.44%	134.88%	-25.10%	232.42%	-90.25%	-460.56%	301.56%
NOPAT Q/Q Growth	-92.95%	292.05%	-410.20%	120.29%	-399.59%	138.59%	-8.10%	211.11%	-91.70%	-467.16%	354.33%
Net Income Q/Q Growth	-100.75%	3,571.43%	-492.59%	111.53%	-817.27%	116.60%	-28.24%	427.66%	-109.68%	-468.75%	237.36%
EPS Q/Q Growth	-100.69%	3,900.00%	-498.25%	111.23%	-837.25%	116.76%	-30.16%	422.73%	-110.00%	-447.83%	238.10%
Operating Cash Flow Q/Q Growth	-54.93%	-129.46%	-81.82%	376.67%	-34.79%	-42.26%	-52.40%	338.66%	-25.29%	-61.28%	8.61%
Free Cash Flow Firm Q/Q Growth	-3,469.24%	39.25%	-142.43%	84.55%	-64.75%	458.38%	-35.73%	5.59%	-122.02%	5.10%	291.61%
Invested Capital Q/Q Growth	-2.23%	9.40%	-1.68%	-1.68%	-6.70%	0.97%	2.15%	1.16%	-2.08%	-1.07%	2.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.05%	47.16%	-12.58%	30.84%	33.45%	58.76%	43.33%	58.25%	53.70%	47.02%	54.53%
EBITDA Margin	12.25%	24.20%	-39.91%	12.52%	-35.99%	27.78%	15.18%	34.90%	15.22%	-9.58%	32.22%
Operating Margin	4.87%	15.67%	-43.64%	8.21%	-44.12%	16.88%	10.94%	29.06%	4.86%	-19.81%	23.99%
EBIT Margin	5.85%	17.43%	-44.65%	8.27%	-44.06%	18.16%	9.01%	29.51%	5.14%	-20.61%	25.42%
Profit (Net Income) Margin	-0.34%	12.56%	-34.58%	3.54%	-47.56%	9.33%	4.43%	20.11%	-3.48%	-21.98%	18.47%
Tax Burden Percent	87.50%	89.67%	72.11%	67.07%	94.49%	83.44%	78.33%	78.86%	87.27%	77.12%	89.93%
Interest Burden Percent	-6.72%	80.42%	107.39%	63.81%	114.23%	61.57%	62.83%	86.40%	-77.46%	138.28%	80.81%
Effective Tax Rate	0.00%	10.33%	0.00%	32.93%	0.00%	16.56%	21.67%	21.14%	0.00%	0.00%	10.07%
Return on Invested Capital (ROIC)	3.05%	11.93%	-26.31%	4.62%	-26.09%	10.68%	6.02%	14.91%	2.23%	-8.90%	13.34%
ROIC Less NNEP Spread (ROIC-NNEP)	1.58%	11.46%	-28.01%	3.60%	-30.70%	9.66%	4.77%	13.88%	0.81%	-10.37%	12.44%
Return on Net Nonoperating Assets (RNNOA)	1.48%	12.04%	-34.83%	3.79%	-35.53%	12.07%	6.92%	18.62%	1.21%	-16.26%	19.32%
Return on Equity (ROE)	4.52%	23.97%	-61.15%	8.41%	-61.63%	22.75%	12.94%	33.53%	3.43%	-25.16%	32.66%
Cash Return on Invested Capital (CROIC)	5.07%	3.62%	-0.21%	-6.60%	-7.28%	0.77%	5.49%	-1.01%	6.67%	5.32%	6.95%
Operating Return on Assets (OROA)	3.50%	10.27%	-26.83%	4.76%	-25.76%	9.83%	4.55%	14.09%	2.50%	-9.75%	11.63%
Return on Assets (ROA)	-0.21%	7.40%	-20.77%	2.04%	-27.81%	5.05%	2.24%	9.60%	-1.69%	-10.39%	8.45%
Return on Common Equity (ROCE)	4.36%	23.16%	-58.83%	8.15%	-59.57%	22.00%	12.47%	32.36%	3.36%	-24.63%	31.99%
Return on Equity Simple (ROE_SIMPLE)	22.62%	0.00%	4.17%	-11.68%	-31.85%	0.00%	-10.26%	-1.41%	14.38%	0.00%	12.01%
Net Operating Profit after Tax (NOPAT)	69	272	-843	171	-512	198	182	565	47	-172	438
NOPAT Margin	3.41%	14.05%	-30.55%	5.51%	-30.89%	14.08%	8.57%	22.92%	3.40%	-13.86%	21.57%
Net Nonoperating Expense Percent (NNEP)	1.47%	0.47%	1.70%	1.02%	4.61%	1.02%	1.26%	1.03%	1.41%	1.47%	0.90%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	1.54%	-	-	-	3.70%
Cost of Revenue to Revenue	66.95%	52.84%	112.58%	69.16%	66.55%	41.24%	56.67%	41.75%	46.30%	52.98%	45.47%
SG&A Expenses to Revenue	22.87%	25.65%	19.17%	18.90%	31.53%	36.97%	24.99%	23.96%	36.30%	41.06%	24.48%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.18%	31.49%	31.06%	22.63%	77.58%	41.88%	31.07%	29.19%	48.77%	66.91%	30.54%
Earnings before Interest and Taxes (EBIT)	119	337	-1,232	257	-731	255	191	728	71	-256	516
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	249	468	-1,101	389	-597	390	322	861	210	-119	654
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.25	1.02	1.42	1.34	1.26	1.07	1.14	1.09	1.03	1.24	1.32
Price to Tangible Book Value (P/TBV)	4.45	3.38	8.60	7.87	7.82	6.03	6.42	4.24	3.84	4.96	4.32
Price to Revenue (P/Rev)	0.76	0.60	0.70	0.69	0.56	0.51	0.59	0.66	0.65	0.75	0.85
Price to Earnings (P/E)	5.39	5.64	32.97	0.00	0.00	0.00	0.00	0.00	7.13	19.97	11.02
Dividend Yield	4.02%	4.88%	4.20%	4.48%	5.75%	6.81%	6.41%	6.22%	6.55%	6.00%	5.31%
Earnings Yield	18.57%	17.74%	3.03%	0.00%	0.00%	0.00%	0.00%	0.00%	14.02%	5.01%	9.07%
Enterprise Value to Invested Capital (EV/IC)	1.13	1.03	1.17	1.14	1.10	1.03	1.05	1.03	1.01	1.09	1.13
Enterprise Value to Revenue (EV/Rev)	1.32	1.26	1.40	1.39	1.29	1.29	1.46	1.57	1.56	1.70	1.83
Enterprise Value to EBITDA (EV/EBITDA)	4.69	5.64	13.09	2,724.61	0.00	0.00	23.65	11.83	6.30	9.34	7.95
Enterprise Value to EBIT (EV/EBIT)	5.78	7.32	25.10	0.00	0.00	0.00	0.00	25.49	9.02	16.10	11.99
Enterprise Value to NOPAT (EV/NOPAT)	8.05	9.88	25.61	0.00	0.00	0.00	0.00	0.00	11.59	20.14	14.73
Enterprise Value to Operating Cash Flow (EV/OCF)	9.93	17.81	13.30	18.41	16.85	10.41	8.23	9.07	8.96	10.38	10.62
Enterprise Value to Free Cash Flow (EV/FCFF)	23.35	29.58	0.00	0.00	0.00	127.82	18.63	0.00	15.31	20.54	16.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.12	1.15	1.49	1.38	1.63	1.65	1.67	1.47	1.48	1.64	1.58
Long-Term Debt to Equity	1.07	1.07	1.22	1.29	1.50	1.49	1.53	1.39	1.34	1.48	1.44
Financial Leverage	0.94	1.05	1.24	1.05	1.16	1.25	1.45	1.34	1.48	1.57	1.55
Leverage Ratio	2.89	2.96	3.22	2.99	3.12	3.15	3.41	3.19	3.34	3.49	3.45
Compound Leverage Factor	-0.19	2.38	3.45	1.91	3.56	1.94	2.15	2.76	-2.59	4.82	2.79
Debt to Total Capital	52.82%	53.54%	59.80%	58.06%	61.94%	62.26%	62.48%	59.57%	59.61%	62.13%	61.29%
Short-Term Debt to Total Capital	2.54%	3.95%	10.80%	4.14%	4.67%	6.06%	5.17%	3.24%	5.45%	6.09%	5.64%
Long-Term Debt to Total Capital	50.28%	49.59%	49.00%	53.91%	57.26%	56.20%	57.31%	56.33%	54.16%	56.04%	55.65%
Preferred Equity to Total Capital	1.27%	1.24%	1.29%	1.34%	1.45%	1.43%	1.41%	1.40%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.07%	0.06%	0.06%	0.07%	0.08%	0.07%	0.08%	0.08%	0.08%	0.08%	0.07%
Common Equity to Total Capital	45.84%	45.16%	38.85%	40.53%	36.53%	36.24%	36.03%	38.96%	40.32%	37.79%	38.64%
Debt to EBITDA	2.48	3.10	7.10	1,443.40	-8.46	-7.89	14.47	7.01	3.80	5.44	4.43
Net Debt to EBITDA	1.94	2.89	6.38	1,340.80	-8.02	-7.44	13.80	6.67	3.66	5.24	4.25
Long-Term Debt to EBITDA	2.36	2.87	5.82	1,340.40	-7.82	-7.12	13.27	6.63	3.45	4.91	4.02
Debt to NOPAT	4.25	5.43	13.88	-18.85	-7.38	-7.17	-1,317.86	-16.37	6.98	11.73	8.21
Net Debt to NOPAT	3.33	5.06	12.48	-17.51	-6.99	-6.76	-1,256.61	-15.57	6.73	11.30	7.87
Long-Term Debt to NOPAT	4.05	5.03	11.38	-17.50	-6.82	-6.47	-1,208.75	-15.48	6.35	10.58	7.45
Altman Z-Score	1.46	1.43	1.03	1.37	1.02	1.14	1.09	1.26	1.08	0.97	1.21
Noncontrolling Interest Sharing Ratio	3.54%	3.38%	3.78%	3.04%	3.34%	3.30%	3.65%	3.50%	2.04%	2.10%	2.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.70	1.56	1.02	1.21	0.98	0.90	0.98	1.21	0.91	0.80	1.00
Quick Ratio	1.29	0.63	0.63	0.84	0.60	0.53	0.61	0.82	0.56	0.46	0.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-967	-587	-1,424	-220	-362	1,299	835	881	-194	-184	353
Operating Cash Flow to CapEx	228.57%	-52.17%	-114.29%	325.49%	169.14%	82.24%	81.51%	308.88%	190.24%	56.77%	79.23%
Free Cash Flow to Firm to Interest Expense	-11.79	-6.99	-15.48	-2.37	-3.45	13.25	8.35	8.81	-1.88	-1.84	3.46
Operating Cash Flow to Interest Expense	5.46	-1.57	-2.61	7.14	4.12	2.55	1.19	5.22	3.79	1.51	1.61
Operating Cash Flow Less CapEx to Interest Expense	3.07	-4.58	-4.89	4.95	1.69	-0.55	-0.27	3.53	1.80	-1.15	-0.42
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.60	0.59	0.60	0.57	0.58	0.54	0.50	0.48	0.49	0.47	0.46
Accounts Receivable Turnover	9.23	10.07	6.71	6.19	8.64	8.91	5.99	5.71	8.27	9.09	6.44
Inventory Turnover	12.48	10.53	11.94	18.38	16.29	12.64	9.51	9.69	8.75	8.36	7.91
Fixed Asset Turnover	1.29	1.30	1.29	1.22	1.17	1.08	0.99	0.91	0.87	0.83	0.82
Accounts Payable Turnover	6.95	6.91	7.00	9.14	10.66	9.22	5.74	5.86	6.88	6.10	4.85
Days Sales Outstanding (DSO)	39.54	36.24	54.42	58.97	42.24	40.98	60.89	63.90	44.11	40.17	56.68
Days Inventory Outstanding (DIO)	29.25	34.65	30.58	19.86	22.40	28.89	38.40	37.67	41.74	43.65	46.16
Days Payable Outstanding (DPO)	52.51	52.80	52.11	39.96	34.22	39.57	63.64	62.28	53.06	59.83	75.25
Cash Conversion Cycle (CCC)	16.27	18.09	32.89	38.87	30.42	30.30	35.65	39.29	32.79	23.98	27.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,270	12,329	12,122	11,918	11,120	11,228	11,469	11,602	11,361	11,240	11,554
Invested Capital Turnover	0.89	0.85	0.86	0.84	0.84	0.76	0.70	0.65	0.66	0.64	0.62
Increase / (Decrease) in Invested Capital	1,036	859	581	391	-150	-1,101	-653	-316	241	12	85
Enterprise Value (EV)	12,727	12,750	14,231	13,623	12,218	11,529	12,063	12,004	11,480	12,267	13,035
Market Capitalization	7,291	6,049	7,122	6,743	5,295	4,520	4,850	5,057	4,800	5,372	6,061
Book Value per Share	$27.78	$28.20	$23.91	$24.04	$20.05	$20.14	$20.29	$22.21	$22.33	$20.24	$21.33
Tangible Book Value per Share	$7.81	$8.56	$3.95	$4.09	$3.23	$3.58	$3.60	$5.69	$5.97	$5.04	$6.54
Total Capital	12,727	13,074	12,904	12,431	11,489	11,643	11,812	11,948	11,611	11,497	11,852
Total Debt	6,722	7,000	7,716	7,217	7,116	7,249	7,380	7,117	6,921	7,143	7,264
Total Long-Term Debt	6,399	6,483	6,323	6,702	6,579	6,543	6,769	6,730	6,288	6,443	6,596
Net Debt	5,265	6,531	6,934	6,704	6,747	6,834	7,037	6,771	6,671	6,886	6,966
Capital Expenditures (CapEx)	196	253	210	204	256	304	146	169	205	266	207
Debt-free, Cash-free Net Working Capital (DFCFNWC)	307	1,406	687	489	120	62	212	432	213	34	378
Debt-free Net Working Capital (DFNWC)	1,764	1,875	1,469	1,002	489	477	555	778	463	291	676
Net Working Capital (NWC)	1,441	1,358	76	487	-48	-229	-56	391	-170	-409	8.00
Net Nonoperating Expense (NNE)	76	29	111	61	277	67	88	69	95	101	63
Net Nonoperating Obligations (NNO)	5,265	6,255	6,934	6,704	6,747	6,834	7,037	6,771	6,671	6,886	6,966
Total Depreciation and Amortization (D&A)	130	131	131	132	134	135	131	133	139	137	138
Debt-free, Cash-free Net Working Capital to Revenue	3.19%	13.91%	6.74%	4.97%	1.27%	0.69%	2.56%	5.65%	2.89%	0.47%	5.31%
Debt-free Net Working Capital to Revenue	18.36%	18.55%	14.41%	10.19%	5.17%	5.34%	6.69%	10.17%	6.28%	4.04%	9.50%
Net Working Capital to Revenue	14.99%	13.44%	0.75%	4.95%	-0.51%	-2.57%	-0.68%	5.11%	-2.31%	-5.67%	0.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	$1.16	($4.54)	$0.52	($3.76)	$0.62	$0.45	$2.36	($0.23)	($1.31)	$1.74
Adjusted Weighted Average Basic Shares Outstanding	210.19M	209.94M	209.93M	209.86M	209.71M	209.81M	209.78M	209.83M	210.68M	211.31M	214.93M
Adjusted Diluted Earnings per Share	($0.03)	$1.14	($4.54)	$0.51	($3.76)	$0.63	$0.44	$2.30	($0.23)	($1.26)	$1.74
Adjusted Weighted Average Diluted Shares Outstanding	210.19M	215.82M	209.93M	216.12M	209.71M	209.81M	215.57M	215.25M	210.68M	215.27M	215.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	209.38M	209.69M	209.56M	209.33M	209.48M	210.90M	209.55M	209.62M	214.69M	214.70M	214.81M
Normalized Net Operating Profit after Tax (NOPAT)	69	272	-843	171	-53	198	182	565	90	-172	438
Normalized NOPAT Margin	3.41%	14.05%	-30.55%	5.51%	-3.21%	14.08%	8.57%	22.92%	6.54%	-13.86%	21.57%
Pre Tax Income Margin	-0.39%	14.01%	-47.95%	5.28%	-50.33%	11.18%	5.66%	25.50%	-3.99%	-28.50%	20.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.45	4.01	-13.39	2.76	-6.96	2.60	1.91	7.28	0.69	-2.56	5.06
NOPAT to Interest Expense	0.85	3.23	-9.16	1.84	-4.88	2.02	1.82	5.65	0.46	-1.72	4.29
EBIT Less CapEx to Interest Expense	-0.94	1.00	-15.67	0.57	-9.40	-0.50	0.45	5.59	-1.30	-5.22	3.03
NOPAT Less CapEx to Interest Expense	-1.55	0.22	-11.44	-0.35	-7.32	-1.08	0.36	3.96	-1.54	-4.38	2.26
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	21.53%	27.56%	138.89%	-49.67%	-22.01%	-20.51%	-68.50%	-461.76%	46.95%	118.22%	58.18%
Augmented Payout Ratio	25.22%	31.10%	162.04%	-59.54%	-23.60%	-21.97%	-70.70%	-461.76%	46.95%	118.22%	57.45%

Frequently Asked Questions About UGI's Financials

When does UGI's financial year end?

According to the most recent income statement we have on file, UGI's fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has UGI's net income changed over the last 9 years?

UGI's net income appears to be on a downward trend, with a most recent value of $269 million in 2024, falling from $414 million in 2015. The previous period was -$1.50 billion in 2023.

What is UGI's operating income?

UGI's total operating income in 2024 was $770 million, based on the following breakdown:

Total Gross Profit: $3.68 billion
Total Operating Expenses: $2.91 billion

How has UGI revenue changed over the last 9 years?

Over the last 9 years, UGI's total revenue changed from $6.69 billion in 2015 to $7.21 billion in 2024, a change of 7.8%.

How much debt does UGI have?

UGI's total liabilities were at $10.74 billion at the end of 2024, a 2.4% decrease from 2023, and a 54.8% increase since 2015.

How much cash does UGI have?

In the past 9 years, UGI's cash and equivalents has ranged from $213 million in 2024 to $855 million in 2021, and is currently $213 million as of their latest financial filing in 2024.

How has UGI's book value per share changed over the last 9 years?

Over the last 9 years, UGI's book value per share changed from 15.58 in 2015 to 20.24 in 2024, a change of 29.9%.

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This page (NYSE:UGI) was last updated on 4/15/2025 by MarketBeat.com Staff

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UGI (UGI) Financials

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UGI (UGI) Financials

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