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v3.25.3

Segment Information (Tables) | 12 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following tables provide information about the Company’s reportable segments and the reconciliation to corresponding consolidated amounts:
| Total |  | Elim- inations (a) |  | Utilities |  | Midstream & Marketing |  | UGI International |  | AmeriGas Propane |  | Corporate & Other (d)
2025 |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 7,287 |  |  | $ | — |  |  | $ | 1,681 |  |  | $ | 1,213 |  |  | $ | 2,119 |  |  | $ | 2,276 |  |  | $ | (2) |
Intersegment revenues | — |  |  | (350) |  |  | 80 |  |  | 270 |  |  | — |  |  | — |  |  | — |
Cost of sales | 3,654 |  |  | (350) |  |  | 774 |  |  | 989 |  |  | 1,179 |  |  | 1,054 |  |  | 8 |
Operating and administrative expenses (b) | 2,011 |  |  | (107) |  |  | 412 |  |  | 129 |  |  | 543 |  |  | 924 |  |  | 110 |
Depreciation and amortization | 561 |  |  | — |  |  | 178 |  |  | 81 |  |  | 123 |  |  | 178 |  |  | 1 |
Income (loss) from equity investees | 5 |  |  | — |  |  | — |  |  | 6 |  |  | (1) |  |  | — |  |  | — |
Other segment income (loss) (c) | 41 |  |  | (119) |  |  | 6 |  |  | 3 |  |  | 41 |  |  | 46 |  |  | 64 |
Earnings (loss) before interest expense and income taxes | 1,107 |  |  | (12) |  |  | 403 |  |  | 293 |  |  | 314 |  |  | 166 |  |  | (57) |
Interest expense | (411) |  |  | 12 |  |  | (100) |  |  | (49) |  |  | (46) |  |  | (144) |  |  | (84) |
Income tax benefit (expense) | (18) |  |  | — |  |  | (66) |  |  | 25 |  |  | (26) |  |  | 14 |  |  | 35 |
Net income (loss) attributable to UGI | $ | 678 |  |  | $ | — |  |  | $ | 237 |  |  | $ | 269 |  |  | $ | 242 |  |  | $ | 36 |  |  | $ | (106) |
Total assets | $ | 15,462 |  |  | $ | (376) |  |  | $ | 6,434 |  |  | $ | 3,187 |  |  | $ | 3,134 |  |  | $ | 2,914 |  |  | $ | 169 |
Capital expenditures (including the effects of accruals) | $ | 844 |  |  | $ | — |  |  | $ | 556 |  |  | $ | 114 |  |  | $ | 93 |  |  | $ | 81 |  |  | $ | — |
| Total |  | Elim- inations (a) |  | Utilities |  | Midstream & Marketing |  | UGI International |  | AmeriGas Propane |  | Corporate & Other (d)
2024 |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 7,210 |  |  | $ | — |  |  | $ | 1,549 |  |  | $ | 1,152 |  |  | $ | 2,279 |  |  | $ | 2,271 |  |  | $ | (41) |
Intersegment revenues | — |  |  | (266) |  |  | 49 |  |  | 217 |  |  | — |  |  | — |  |  | — |
Cost of sales | 3,529 |  |  | (266) |  |  | 650 |  |  | 864 |  |  | 1,301 |  |  | 1,059 |  |  | (79) |
Operating and administrative expenses (b) | 2,132 |  |  | (84) |  |  | 387 |  |  | 125 |  |  | 578 |  |  | 933 |  |  | 193 |
Depreciation and amortization | 551 |  |  | — |  |  | 166 |  |  | 86 |  |  | 119 |  |  | 178 |  |  | 2 |
Income (loss) from equity investees | (19) |  |  | — |  |  | — |  |  | 12 |  |  | (5) |  |  | — |  |  | (26) |
Other segment income (loss) (c) | (245) |  |  | (84) |  |  | 5 |  |  | 7 |  |  | 47 |  |  | 41 |  |  | (261) |
Earnings (loss) before interest expense and income taxes | 734 |  |  | — |  |  | 400 |  |  | 313 |  |  | 323 |  |  | 142 |  |  | (444) |
Interest expense | (394) |  |  | — |  |  | (93) |  |  | (41) |  |  | (44) |  |  | (156) |  |  | (60) |
Income tax benefit (expense) | (71) |  |  | — |  |  | (70) |  |  | (34) |  |  | (17) |  |  | (9) |  |  | 59 |
Net income (loss) attributable to UGI | $ | 269 |  |  | $ | — |  |  | $ | 237 |  |  | $ | 238 |  |  | $ | 262 |  |  | $ | (23) |  |  | $ | (445) |
Total assets | $ | 15,098 |  |  | $ | (733) |  |  | $ | 5,963 |  |  | $ | 3,183 |  |  | $ | 2,906 |  |  | $ | 3,051 |  |  | $ | 728 |
Capital expenditures (including the effects of accruals) | $ | 805 |  |  | $ | — |  |  | $ | 482 |  |  | $ | 150 |  |  | $ | 87 |  |  | $ | 86 |  |  | $ | — |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 8,928 |  |  | $ | — |  |  | $ | 1,780 |  |  | $ | 1,596 |  |  | $ | 2,965 |  |  | $ | 2,581 |  |  | $ | 6 |
Intersegment revenues | — |  |  | (326) |  |  | 74 |  |  | 251 |  |  | — |  |  | — |  |  | 1 |
Cost of sales | 6,937 |  |  | (325) |  |  | 953 |  |  | 1,360 |  |  | 2,045 |  |  | 1,250 |  |  | 1,654 |
Operating and administrative expenses (b) | 2,158 |  |  | (85) |  |  | 392 |  |  | 133 |  |  | 623 |  |  | 950 |  |  | 145 |
Depreciation and amortization | 532 |  |  | — |  |  | 152 |  |  | 86 |  |  | 116 |  |  | 177 |  |  | 1 |
Income (loss) from equity investees | 2 |  |  | — |  |  | — |  |  | 6 |  |  | (4) |  |  | — |  |  | — |
Other segment income (loss) (c) | (761) |  |  | (84) |  |  | 8 |  |  | 17 |  |  | 57 |  |  | 64 |  |  | (823) |
Earnings (loss) before interest expense and income taxes | (1,458) |  |  | — |  |  | 365 |  |  | 291 |  |  | 234 |  |  | 268 |  |  | (2,616) |
Interest expense | (379) |  |  | — |  |  | (82) |  |  | (45) |  |  | (37) |  |  | (163) |  |  | (52) |
Income tax benefit (expense) | 335 |  |  | — |  |  | (64) |  |  | (53) |  |  | (25) |  |  | (34) |  |  | 511 |
Net income (loss) attributable to UGI | $ | (1,502) |  |  | $ | — |  |  | $ | 219 |  |  | $ | 193 |  |  | $ | 172 |  |  | $ | 71 |  |  | $ | (2,157) |
Total assets | $ | 15,401 |  |  | $ | (173) |  |  | $ | 5,691 |  |  | $ | 3,160 |  |  | $ | 3,105 |  |  | $ | 3,415 |  |  | $ | 203 |
Capital expenditures (including the effects of accruals) | $ | 956 |  |  |  |  | $ | 563 |  |  | $ | 130 |  |  | $ | 129 |  |  | $ | 134 |  |  | $ | — |
(a)Represents the elimination of intersegment transactions principally among Midstream & Marketing, Utilities and AmeriGas Propane. (b)For the Utilities reportable segment, operating and administrative expenses less revenue-related taxes (i.e. gross receipts and business occupation taxes) is considered a significant segment expense and was $388, $363, and $368 in Fiscal 2025, Fiscal 2024, and Fiscal 2023, respectively. (c)Excluding Corporate & Other, other segment items principally represent other operating and non-operating income and expenses. (d)Corporate & Other includes specific items attributable to our reportable segments that are not included in the segment profit measures used by our CODM. The following table presents such pre-tax gains (losses) which have been included in Corporate & Other, and the reportable segments to which they relate, for Fiscal 2025, Fiscal 2024 and Fiscal 2023:
|  | Location on Income Statement |  | Midstream & Marketing |  | UGI International |  | AmeriGas Propane
2025 |  |  |  |  |  |  |  |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Revenues |  | $ | (1) |  |  | $ | — |  |  | $ | — |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Cost of Sales |  | $ | 38 |  |  | $ | (48) |  |  | $ | 1 |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Other operating expense (income), net |  | $ | — |  |  | $ | 1 |  |  | $ | — |
Unrealized gains (losses) on foreign currency derivative instruments |  | Other non-operating income (expense), net |  | $ | — |  |  | $ | (10) |  |  | $ | — |
Loss on extinguishments of debt |  | Loss on extinguishments of debt |  | $ | — |  |  | $ | — |  |  | $ | (9) |
Gain (loss) on disposals of businesses |  | (Gain) loss on disposals of businesses |  | $ | — |  |  | $ | (53) |  |  | $ | 17 |
Interest income from intersegment loan |  | Other operating expense (income), net |  | $ | — |  |  | $ | 12 |  |  | $ | — |
2024 |  |  |  |  |  |  |  |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Revenues |  | $ | — |  |  | $ | 1 |  |  | $ | — |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Cost of sales |  | $ | 63 |  |  | $ | (5) |  |  | $ | 21 |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Other operating expense (income), net |  | $ | — |  |  | $ | (3) |  |  | $ | — |
Unrealized gains (losses) on foreign currency derivative instruments |  | Other non-operating income (expense), net |  | $ | — |  |  | $ | (31) |  |  | $ | — |
Loss on extinguishments of debt |  | Loss on extinguishments of debt |  | $ | (1) |  |  | $ | — |  |  | $ | (8) |
Impairments of equity method investments and assets |  | Income (loss) from equity investees; Other operating expense (income), net |  |  |  | $ | (33) |  |  |
Loss associated with impairment of AmeriGas Propane goodwill |  | Impairment of goodwill |  | $ | — |  |  | $ | — |  |  | $ | (195) |
Costs associated with exit of the UGI International energy marketing business |  | Revenues |  | $ | — |  |  | $ | (42) |  |  | $ | — |
Costs associated with exit of the UGI International energy marketing business |  | Operating and administrative expenses; Other operating expense (income), net |  | $ | — |  |  | $ | (13) |  |  | $ | — |
Costs associated with exit of the UGI International energy marketing business |  | (Gain) loss on disposals of businesses |  | $ | — |  |  | $ | (29) |  |  | $ | — |
Loss on disposal of business |  | (Gain) loss on disposals of businesses |  | $ | (66) |  |  | $ | — |  |  | $ | — |
AmeriGas operations enhancement for growth project |  | Operating and administrative expenses |  | $ | — |  |  | $ | — |  |  | $ | (25) |
Restructuring costs |  | Operating and administrative expenses |  | $ | (1) |  |  | $ | (57) |  |  | $ | (1) |
2023 |  |  |  |  |  |  |  |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Revenues |  | $ | 6 |  |  | $ | 4 |  |  | $ | — |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Cost of Sales |  | $ | (236) |  |  | $ | (1,402) |  |  | $ | (16) |
Unrealized gains (losses) on foreign currency derivative instruments |  | Other non-operating income (expense), net |  | $ | — |  |  | $ | (38) |  |  | $ | — |
Loss on extinguishments of debt |  | Loss on extinguishments of debt |  | $ | — |  |  | $ | — |  |  | $ | (9) |
Loss associated with impairment of AmeriGas Propane goodwill |  | Impairment of goodwill |  | $ | — |  |  | $ | — |  |  | $ | (656) |
Costs associated with exit of the UGI International energy marketing business |  | Revenues; Operating and administrative expenses |  | $ | — |  |  | $ | (27) |  |  | $ | — |
Costs associated with exit of the UGI International energy marketing business |  | (Gain) loss on disposals of businesses |  | $ | — |  |  | $ | (221) |  |  | $ | — |
AmeriGas operations enhancement for growth project |  | Operating and administrative expenses |  | $ | — |  |  | $ | — |  |  | $ | (24) |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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