# UGI CORP /PA/

Summary updated: 2026-10-03T21:56:58.264073Z
Canonical: https://finbar.com/research/companies/ugi-corp-pa

## Overview

UGI Corporation is an energy distribution and services holding company, operating in the energy sector through four principal businesses: Utilities, Midstream & Marketing, UGI International and AmeriGas Propane. Its activities include distributing natural gas and electricity, delivering propane and other liquefied petroleum gas (LPG), and providing midstream and energy-marketing services. [1](https://www.ugicorp.com/company/corporate-information/about/)[2](https://www.ugicorp.com/investors/investor-overview/ugi-businesses/)

UGI’s U.S. utility operations are concentrated in Pennsylvania and West Virginia, while its propane businesses serve customers in the United States and Europe; UGI International operates across western and central Europe. [3](https://www.ugicorp.com/company/our-businesses/natural-gas-and-electric-utilities/)[2](https://www.ugicorp.com/investors/investor-overview/ugi-businesses/) The company states its purpose as “Delivering Positive Energy Every Day.” [4](https://www.ugicorp.com/company/corporate-information/our-purpose-vision-and-values)

For fiscal 2025, UGI reported net revenues of approximately $7.29 billion and about 9,400 employees as of September 30, 2025. [5](https://app.finbar.com/go?id=D175014)[6](https://www.sec.gov/Archives/edgar/data/884614/000110465925122102/ugi-20250930xars.pdf)
[5](https://app.finbar.com/go?id=D175014)[1](https://www.ugicorp.com/company/corporate-information/about/)[2](https://www.ugicorp.com/investors/investor-overview/ugi-businesses/)[3](https://www.ugicorp.com/company/our-businesses/natural-gas-and-electric-utilities/)[4](https://www.ugicorp.com/company/corporate-information/our-purpose-vision-and-values)[6](https://www.sec.gov/Archives/edgar/data/884614/000110465925122102/ugi-20250930xars.pdf)

## Products & services

UGI’s product and service offerings include natural gas, electricity and propane, alongside energy marketing and infrastructure services. Its utility operations sell natural gas and provide transportation for customers that purchase gas elsewhere; in fiscal 2025, transportation accounted for 81% of Pennsylvania Gas Utility system throughput and gas sales for 19%. The utility also distributes electricity in northeastern Pennsylvania and provides gas transportation to electric-generation and cogeneration facilities. [7](https://app.finbar.com/go?id=P4716661)[8](https://app.finbar.com/go?id=P80084820)[9](https://app.finbar.com/go?id=P99131381)

UGI’s Midstream & Marketing operations market natural gas, liquid fuels and electricity, and provide storage, pipeline transportation, gathering and natural-gas and renewable natural gas (RNG) production services. For RNG, the company sources and delivers fuel nationally to fleets using compressed-natural-gas (CNG) and liquefied-natural-gas (LNG) vehicles, and monetizes associated low-carbon-fuel and renewable-fuel credits. Infrastructure examples include a gathering system with capacity of 635,000 dekatherms per day and a 6.5-mile pipeline with capacity of 100,000 dekatherms per day. [9](https://app.finbar.com/go?id=P99131381)[10](https://app.finbar.com/go?id=P82607024)[11](https://app.finbar.com/go?id=P30022911)

UGI International distributes liquefied petroleum gas (LPG) to retail customers in Europe, while AmeriGas sells propane and related equipment and supplies. AmeriGas delivered about 801 million gallons in fiscal 2025: 92% were retail deliveries and 8% wholesale; retail gallons were allocated among residential (28%), commercial and industrial (42%), motor fuel (22%) and agricultural (3%) customers. Retail LPG revenue across AmeriGas and UGI International was approximately 44% of UGI’s reported fiscal-2025 total revenue, calculated from $3.952 billion of retail LPG revenue and $8.928 billion in total revenue. [9](https://app.finbar.com/go?id=P99131381)[12](https://app.finbar.com/go?id=P14431859)[13](https://app.finbar.com/go?id=T6967622)
[7](https://app.finbar.com/go?id=P4716661)[8](https://app.finbar.com/go?id=P80084820)[9](https://app.finbar.com/go?id=P99131381)[10](https://app.finbar.com/go?id=P82607024)[11](https://app.finbar.com/go?id=P30022911)[12](https://app.finbar.com/go?id=P14431859)[13](https://app.finbar.com/go?id=T6967622)

## Geographic presence

UGI’s operations are concentrated in the United States and Europe. Its U.S. utility operations serve eastern and central Pennsylvania and West Virginia, including electricity distribution in two northeastern Pennsylvania counties. Its Midstream & Marketing operations are primarily in the Mid-Atlantic, including the Marcellus and Utica regions of Pennsylvania, eastern Ohio, and the West Virginia panhandle. [9](https://app.finbar.com/go?id=P99131381)[14](https://app.finbar.com/go?id=P3947136)

UGI International’s geographic footprint includes Austria, Belgium, the Czech Republic, Denmark, Finland, France, Hungary, Luxembourg, the Netherlands, Norway, Poland, Romania, Slovakia, Sweden, and the United Kingdom. [15](https://app.finbar.com/go?id=P2058281) The company reports that France represented approximately 20% of consolidated revenue in each period shown; it does not provide a full country-by-country revenue breakdown. Its filing states that reportable segments other than UGI International derive revenue from U.S. sources. [16](https://app.finbar.com/go?id=P60760011)

UGI’s executive offices are in King of Prussia, Pennsylvania. [17](https://app.finbar.com/go?id=P113302240) The FY2025 filing does not provide a geographic breakdown of employees. [18](https://www.sec.gov/Archives/edgar/data/884614/000088461425000053/ugi-20250930.htm)
[9](https://app.finbar.com/go?id=P99131381)[14](https://app.finbar.com/go?id=P3947136)[15](https://app.finbar.com/go?id=P2058281)[16](https://app.finbar.com/go?id=P60760011)[17](https://app.finbar.com/go?id=P113302240)[18](https://www.sec.gov/Archives/edgar/data/884614/000088461425000053/ugi-20250930.htm)

## Business segments

UGI reports four operating segments. In FY2025, Utilities focused on regulated natural-gas distribution in Pennsylvania, Maryland and West Virginia, and electric distribution in northeastern Pennsylvania; it contributed about 23% of consolidated revenue and 34% of the four segments’ combined EBIT. Midstream & Marketing covers natural-gas, liquid-fuels and electricity marketing, storage and transportation, gathering, and natural-gas and renewable natural gas production; it contributed about 17% of revenue and 25% of segment EBIT. [18](https://www.sec.gov/Archives/edgar/data/884614/000088461425000053/ugi-20250930.htm)

UGI International distributes LPG in European markets and contributed about 29% of revenue and 27% of segment EBIT. AmeriGas Propane distributes propane in the United States to residential, commercial and industrial, motor-fuel, agricultural and wholesale customers; it contributed about 31% of revenue and 14% of segment EBIT. These approximate shares are calculated from FY2025 reported segment figures; revenue shares use consolidated revenue, and EBIT shares use the combined EBIT of the four reportable segments. [18](https://www.sec.gov/Archives/edgar/data/884614/000088461425000053/ugi-20250930.htm)

UGI’s investor materials also use descriptive labels such as “Regulated Utilities,” “International LPG” and “U.S. LPG”; these describe the same businesses rather than a separate operating-segment structure. [19](https://www.ugicorp.com/investors/investor-overview/overview)[2](https://www.ugicorp.com/investors/investor-overview/ugi-businesses/)
[18](https://www.sec.gov/Archives/edgar/data/884614/000088461425000053/ugi-20250930.htm)[19](https://www.ugicorp.com/investors/investor-overview/overview)[2](https://www.ugicorp.com/investors/investor-overview/ugi-businesses/)

## Company history

Founded in Philadelphia in 1882 as United Gas Improvement Company, UGI was described as the first public-utility holding company in the United States. It distributed most of its investments in three electric utilities to shareholders in 1943, left holding-company status in 1953, entered propane distribution in 1959, and adopted the name UGI Corporation in 1968. [20](https://www.ugicorp.com/company/corporate-information/our-history)

UGI formed a holding company in 1992 and expanded into international propane in 1999 with the acquisition of Austria’s Flaga GmbH. In 2001, it acquired a 20% stake in France’s Antargaz, while subsidiary AmeriGas acquired Columbia Propane. UGI Utilities acquired PG Energy’s gas utility operations in 2006, and AmeriGas acquired Heritage Propane in 2012. [20](https://www.ugicorp.com/company/corporate-information/our-history) [21](https://www.sec.gov/Archives/edgar/data/884614/000089322001500674/w53079e8-k.txt) [22](https://www.sec.gov/Archives/edgar/data/100548/000136231006000397/c70103e10vk.htm)

UGI completed its acquisition of Totalgaz in France in 2015. In 2019, it acquired Columbia Midstream Group and completed a merger that brought AmeriGas fully under UGI. In 2021, it completed the acquisition of Mountaintop Energy Holdings, owner of Mountaineer Gas. [20](https://www.ugicorp.com/company/corporate-information/our-history) [23](https://www.ugicorp.com/static-files/c34f69ce-baa0-4e4e-942e-482578446fb5) [24](https://www.ugicorp.com/news-releases/news-release-details/ugi-corporation-completes-acquisition-mountaineer-gas/)
[20](https://www.ugicorp.com/company/corporate-information/our-history)[21](https://www.sec.gov/Archives/edgar/data/884614/000089322001500674/w53079e8-k.txt)[22](https://www.sec.gov/Archives/edgar/data/100548/000136231006000397/c70103e10vk.htm)[23](https://www.ugicorp.com/static-files/c34f69ce-baa0-4e4e-942e-482578446fb5)[24](https://www.ugicorp.com/news-releases/news-release-details/ugi-corporation-completes-acquisition-mountaineer-gas/)

## Sources

1. [www.ugicorp.com](https://www.ugicorp.com/company/corporate-information/about/)
2. [www.ugicorp.com](https://www.ugicorp.com/investors/investor-overview/ugi-businesses/)
3. [www.ugicorp.com](https://www.ugicorp.com/company/our-businesses/natural-gas-and-electric-utilities/)
4. [www.ugicorp.com](https://www.ugicorp.com/company/corporate-information/our-purpose-vision-and-values)
5. [UGI CORP /PA/ — Full financial report (2025 Y)](https://app.finbar.com/go?id=D175014)
6. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/884614/000110465925122102/ugi-20250930xars.pdf)
7. [UGI CORP /PA/ — Full financial report (2025 Y)](https://app.finbar.com/go?id=P4716661)
8. [UGI CORP /PA/ — Full financial report (2025 Y)](https://app.finbar.com/go?id=P80084820)
9. [UGI CORP /PA/ — Full financial report (2025 Y)](https://app.finbar.com/go?id=P99131381)
10. [UGI CORP /PA/ — Full financial report (2025 Y)](https://app.finbar.com/go?id=P82607024)
11. [UGI CORP /PA/ — Full financial report (2025 Y)](https://app.finbar.com/go?id=P30022911)
12. [UGI CORP /PA/ — Full financial report (2025 Y)](https://app.finbar.com/go?id=P14431859)
13. [UGI CORP /PA/ — Full financial report (2025 Y)](https://app.finbar.com/go?id=T6967622)
14. [UGI CORP /PA/ — Full financial report (2025 Y)](https://app.finbar.com/go?id=P3947136)
15. [UGI CORP /PA/ — Full financial report (2025 Y)](https://app.finbar.com/go?id=P2058281)
16. [UGI CORP /PA/ — Full financial report (2025 Y)](https://app.finbar.com/go?id=P60760011)
17. [UGI CORP /PA/ — Full financial report (2025 Y)](https://app.finbar.com/go?id=P113302240)
18. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/884614/000088461425000053/ugi-20250930.htm)
19. [www.ugicorp.com](https://www.ugicorp.com/investors/investor-overview/overview)
20. [www.ugicorp.com](https://www.ugicorp.com/company/corporate-information/our-history)
21. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/884614/000089322001500674/w53079e8-k.txt)
22. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/100548/000136231006000397/c70103e10vk.htm)
23. [www.ugicorp.com](https://www.ugicorp.com/static-files/c34f69ce-baa0-4e4e-942e-482578446fb5)
24. [www.ugicorp.com](https://www.ugicorp.com/news-releases/news-release-details/ugi-corporation-completes-acquisition-mountaineer-gas/)

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