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Equity
 12 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Equity
Note 13 — Equity
On February 2, 2022, the Board of Directors authorized an extension of an existing share repurchase program for up to 8,000,000 shares of Common Stock for an additional four-year period, expiring February 2026. During Fiscal 2025 and Fiscal 2023, the Company purchased and placed in treasury stock 1,000,000 shares and 600,000 shares at a total cost of $33 and $22, respectively. In Fiscal 2024, there were no share repurchases made under the program.
UGI Preferred Stock and Common Stock share activity for Fiscal 2025, Fiscal 2024 and Fiscal 2023 is as follows:
Preferred StockCommon Stock
Issued/OutstandingIssuedTreasuryOutstanding
Balance at September 30, 2022220,000 210,560,494 (978,282)209,582,212 
Issued: 
Employee and director plans— 345,558 167,313 512,871 
Repurchases of common stock— — (600,000)(600,000)
Balance at September 30, 2023220,000 210,906,052 (1,410,969)209,495,083 
Issued:   
Settlement of Equity Units(220,000)5,054,030 — 5,054,030 
Employee and director plans— 164,250 (27,751)136,499 
Balance at September 30, 2024— 216,124,332 (1,438,720)214,685,612 
Issued:   
Employee and director plans— 908,950 (118,517)790,433 
Repurchases of common stock— — (1,000,000)(1,000,000)
Balance at September 30, 2025— 217,033,282 (2,557,237)214,476,045 
UGI has 5,000,000 shares of UGI Series Preference Stock authorized for issuance. UGI had no shares of UGI Series Preference Stock outstanding at September 30, 2025 and 2024.

Equity Units

In May 2021, the Company issued 2.2 million Equity Units with a total notional value of $220. The Company received approximately $213 of proceeds from the issuance of the Equity Units, net of offering expenses and underwriting costs and commissions, and issued 220,000 shares of Convertible Preferred Stock which was recorded in “Preferred stock” on the accompanying Consolidated Balance Sheet.

Pursuant to the terms of the Equity Units, during Fiscal 2024, the Company announced the unsuccessful final remarketing of its Convertible Preferred Stock. As a result, each holder of an Equity Unit received 2.2973 shares of Common Stock, without par value, with cash paid in lieu of any fractional shares. The Company also (i) made the final contract adjustment payment to settle the 2024 Purchase Contract in full; (ii) canceled the Convertible Preferred Stock; and (iii) in a non-cash transaction, converted the Equity Units into 5,054,030 shares of Common Stock and issued the shares to the holders of the Equity Units under the 2024 Purchase Contract.