XML 46 R36.htm IDEA: XBRL DOCUMENT
v3.25.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information |
Three Months Ended June 30, 2025 |  | Total |  | Eliminations |  | Utilities |  | Midstream & Marketing |  | UGI International |  | AmeriGas Propane |  | Corporate & Other (b)
Revenues from external customers |  | $ | 1,394 |  |  | $ | — |  |  | $ | 275 |  |  | $ | 246 |  |  | $ | 437 |  |  | $ | 434 |  |  | $ | 2 |
Intersegment revenues |  | $ | — |  |  | $ | (44) |  | (a) | $ | 12 |  |  | $ | 32 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Cost of sales |  | $ | 837 |  |  | $ | (44) |  | (a) | $ | 115 |  |  | $ | 201 |  |  | $ | 245 |  |  | $ | 207 |  |  | $ | 113 |
Operating income (loss) |  | $ | (93) |  |  | $ | (4) |  | (a) | $ | 29 |  |  | $ | 27 |  |  | $ | 43 |  |  | $ | (28) |  |  | $ | (160) |
Loss on extinguishments of debt |  | (10) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (10) |
Other non-operating income (expense), net |  | (24) |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | (25) |
Earnings (loss) before interest expense and income taxes |  | (127) |  |  | (4) |  | (a) | 30 |  |  | 27 |  |  | 43 |  |  | (28) |  |  | (195) |
Interest expense |  | (101) |  |  | 5 |  | (a) | (24) |  |  | (11) |  |  | (13) |  |  | (36) |  |  | (22) |
Income (loss) before income taxes |  | $ | (228) |  |  | $ | 1 |  |  | $ | 6 |  |  | $ | 16 |  |  | $ | 30 |  |  | $ | (64) |  |  | $ | (217) |
Depreciation and amortization |  | $ | 140 |  |  | $ | — |  |  | $ | 44 |  |  | $ | 20 |  |  | $ | 31 |  |  | $ | 45 |  |  | $ | — |
Capital expenditures (including the effects of accruals) |  | $ | 220 |  |  | $ | — |  |  | $ | 146 |  |  | $ | 30 |  |  | $ | 24 |  |  | $ | 20 |  |  | $ | — |
Three Months Ended June 30, 2024 |  | Total |  | Eliminations |  | Utilities |  | Midstream & Marketing |  | UGI International |  | AmeriGas Propane |  | Corporate & Other (b)
Revenues from external customers |  | $ | 1,380 |  |  | $ | — |  |  | $ | 250 |  |  | $ | 231 |  |  | $ | 455 |  |  | $ | 445 |  |  | $ | (1) |
Intersegment revenues |  | $ | — |  |  | $ | (28) |  | (a) | $ | 7 |  |  | $ | 22 |  |  | $ | — |  |  | $ | — |  |  | $ | (1) |
Cost of sales |  | $ | 639 |  |  | $ | (28) |  | (a) | $ | 89 |  |  | $ | 167 |  |  | $ | 244 |  |  | $ | 217 |  |  | $ | (50) |
Operating income (loss) |  | $ | 67 |  |  | $ | — |  |  | $ | 37 |  |  | $ | 41 |  |  | $ | 57 |  |  | $ | (27) |  |  | $ | (41) |
Income (loss) from equity investees |  | (24) |  |  | — |  |  | — |  |  | 2 |  |  | (1) |  |  | — |  |  | (25) |
Loss on extinguishments of debt |  | (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (7) |
Other non-operating income (expense), net |  | 5 |  |  | — |  |  | 2 |  |  | — |  |  | 1 |  |  | — |  |  | 2 |
Earnings (loss) before interest expense and income taxes |  | 41 |  |  | — |  |  | 39 |  |  | 43 |  |  | 57 |  |  | (27) |  |  | (71) |
Interest expense |  | (96) |  |  | — |  |  | (22) |  |  | (9) |  |  | (11) |  |  | (41) |  |  | (13) |
Income (loss) before income taxes |  | $ | (55) |  |  | $ | — |  |  | $ | 17 |  |  | $ | 34 |  |  | $ | 46 |  |  | $ | (68) |  |  | $ | (84) |
Depreciation and amortization |  | $ | 139 |  |  | $ | — |  |  | $ | 42 |  |  | $ | 22 |  |  | $ | 29 |  |  | $ | 46 |  |  | $ | — |
Capital expenditures (including the effects of accruals) |  | $ | 211 |  |  | $ | — |  |  | $ | 126 |  |  | $ | 40 |  |  | $ | 24 |  |  | $ | 21 |  |  | $ | — |
Nine Months Ended June 30, 2025 |  | Total |  | Eliminations |  | Utilities |  | Midstream & Marketing |  | UGI International |  | AmeriGas Propane |  | Corporate & Other (b)
Revenues from external customers |  | $ | 6,090 |  |  | $ | — |  |  | $ | 1,472 |  |  | $ | 985 |  |  | $ | 1,725 |  |  | $ | 1,909 |  |  | $ | (1) |
Intersegment revenues |  | $ | — |  |  | $ | (320) |  | (a) | $ | 73 |  |  | $ | 247 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Cost of sales |  | $ | 3,061 |  |  | $ | (320) |  | (a) | $ | 697 |  |  | $ | 815 |  |  | $ | 967 |  |  | $ | 889 |  |  | $ | 13 |
Operating income (loss) |  | $ | 1,094 |  |  | $ | (7) |  | (a) | $ | 407 |  |  | $ | 269 |  |  | $ | 288 |  |  | $ | 200 |  |  | $ | (63) |
Income (loss) from equity investees |  | 6 |  |  | — |  |  | — |  |  | 7 |  |  | (1) |  |  | — |  |  | — |
Loss on extinguishment of debt |  | (10) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (10) |
Other non-operating income (expense), net |  | (2) |  |  | — |  |  | 5 |  |  | — |  |  | 9 |  |  | — |  |  | (16) |
Earnings (loss) before interest expense and income taxes |  | 1,088 |  |  | (7) |  | (a) | 412 |  |  | 276 |  |  | 296 |  |  | 200 |  |  | (89) |
Interest expense |  | (305) |  |  | 8 |  | (a) | (75) |  |  | (35) |  |  | (34) |  |  | (106) |  |  | (63) |
Income (loss) before income taxes |  | $ | 783 |  |  | $ | 1 |  |  | $ | 337 |  |  | $ | 241 |  |  | $ | 262 |  |  | $ | 94 |  |  | $ | (152) |
Depreciation and amortization |  | $ | 416 |  |  | $ | — |  |  | $ | 132 |  |  | $ | 60 |  |  | $ | 89 |  |  | $ | 135 |  |  | $ | — |
Capital expenditures (including the effects of accruals) |  | $ | 555 |  |  | $ | — |  |  | $ | 352 |  |  | $ | 89 |  |  | $ | 55 |  |  | $ | 59 |  |  | $ | — |
As of June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 15,362 |  |  | $ | (381) |  |  | $ | 6,228 |  |  | $ | 3,188 |  |  | $ | 3,191 |  |  | $ | 2,964 |  |  | $ | 172 |
Nine Months Ended June 30, 2024 |  | Total |  | Eliminations |  | Utilities |  | Midstream & Marketing |  | UGI International |  | AmeriGas Propane |  | Corporate & Other (b)
Revenues from external customers |  | $ | 5,968 |  |  | $ | — |  |  | $ | 1,353 |  |  | $ | 933 |  |  | $ | 1,853 |  |  | $ | 1,869 |  |  | $ | (40) |
Intersegment revenues |  | $ | — |  |  | $ | (239) |  | (a) | $ | 43 |  |  | $ | 197 |  |  | $ | — |  |  | $ | — |  |  | $ | (1) |
Cost of sales |  | $ | 2,871 |  |  | $ | (239) |  | (a) | $ | 584 |  |  | $ | 689 |  |  | $ | 1,058 |  |  | $ | 862 |  |  | $ | (83) |
Operating income (loss) |  | $ | 1,016 |  |  | $ | — |  |  | $ | 396 |  |  | $ | 291 |  |  | $ | 294 |  |  | $ | 182 |  |  | $ | (147) |
Income (loss) from equity investees |  | (22) |  |  | — |  |  | — |  |  | 7 |  |  | (4) |  |  | — |  |  | (25) |
Loss on extinguishments of debt |  | (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (7) |
Other non-operating income (expense), net |  | 3 |  |  | — |  |  | 4 |  |  | — |  |  | 15 |  |  | — |  |  | (16) |
Earnings (loss) before interest expense and income taxes |  | 990 |  |  | — |  |  | 400 |  |  | 298 |  |  | 305 |  |  | 182 |  |  | (195) |
Interest expense |  | (296) |  |  | — |  |  | (69) |  |  | (29) |  |  | (33) |  |  | (122) |  |  | (43) |
Income (loss) before income taxes |  | $ | 694 |  |  | $ | — |  |  | $ | 331 |  |  | $ | 269 |  |  | $ | 272 |  |  | $ | 60 |  |  | $ | (238) |
Depreciation and amortization |  | $ | 414 |  |  | $ | — |  |  | $ | 124 |  |  | $ | 66 |  |  | $ | 88 |  |  | $ | 134 |  |  | $ | 2 |
Capital expenditures (including the effects of accruals) |  | $ | 511 |  |  | $ | — |  |  | $ | 299 |  |  | $ | 92 |  |  | $ | 55 |  |  | $ | 65 |  |  | $ | — |
As of June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 15,066 |  |  | $ | (143) |  |  | $ | 5,792 |  |  | $ | 3,182 |  |  | $ | 2,807 |  |  | $ | 3,228 |  |  | $ | 200 |
(a)Represents the elimination of intersegment transactions, including intersegment interest income and expense. (b)Corporate & Other includes specific items attributable to our reportable segments that are not included in the segment profit measures used by our CODM in assessing our reportable segments’ performance or allocating resources. The following table presents such pre-tax gains (losses) which have been included in Corporate & Other, and the reportable segments to which they relate:
Three Months Ended June 30, 2025 |  | Location on Income Statement |  | Midstream & Marketing |  | UGI International |  | AmeriGas Propane |  |
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 |  | $ | (59) |  |  | $ | (50) |  |  | $ | (3) |  |  |
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 |  | $ | — |  |  | $ | (25) |  |  | $ | — |  |  |
Loss on extinguishments of debt |  | Loss on extinguishments of debt |  | $ | — |  |  | $ | — |  |  | $ | (9) |  |  |
Loss on disposals of businesses |  | Loss on disposals of businesses |  | $ | — |  |  | $ | (54) |  |  | $ | — |  |  |
Interest income from intersegment loan |  | Other operating expense (income), net |  | $ | — |  |  | $ | 5 |  |  | $ | — |  |  |
Three Months Ended June 30, 2024 |  | Location on Income Statement |  | Midstream & Marketing |  | UGI International |  | AmeriGas Propane |  |
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 |  | $ | 26 |  |  | $ | 20 |  |  | $ | 3 |  |  |
Unrealized gains (losses) on foreign currency derivative instruments |  | Other non-operating income (expense), net |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  |
Loss on extinguishments of debt |  | Loss on extinguishments of debt |  | $ | (1) |  |  | $ | — |  |  | $ | (6) |  |  |
Impairments of equity method investments and assets |  | Income (loss) from equity investees |  | $ | — |  |  | $ | (25) |  |  | $ | — |  |  |
Costs associated with exit of the UGI International energy marketing business |  | Operating and administrative expenses |  | $ | — |  |  | $ | (1) |  |  | $ | — |  |  |
Costs associated with exit of the UGI International energy marketing business |  | Loss on disposals of businesses |  | $ | — |  |  | $ | (1) |  |  | $ | — |  |  |
Loss on disposal of business |  | Loss on disposals of businesses |  | $ | (62) |  |  | $ | — |  |  | $ | — |  |  |
AmeriGas operations enhancement for growth project |  | Operating and administrative expenses |  | $ | — |  |  | $ | — |  |  | $ | (12) |  |  |
Restructuring costs |  | Operating and administrative expenses |  | $ | — |  |  | $ | (4) |  |  | $ | (2) |  |  |
Nine Months Ended June 30, 2025 |  | Location on Income Statement |  | Midstream & Marketing |  | UGI International |  | AmeriGas Propane |  |
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 |  | $ | 26 |  |  | $ | (46) |  |  | $ | 7 |  |  |
Unrealized gains (losses) on foreign currency derivative instruments |  | Other non-operating income (expense), net |  | $ | — |  |  | $ | (16) |  |  | $ | — |  |  |
Loss on extinguishments of debt |  | Loss on extinguishments of debt |  | $ | — |  |  | $ | — |  |  | $ | (9) |  |  |
Loss on disposals of businesses |  | Loss on disposals of businesses |  | $ | — |  |  | $ | (54) |  |  | $ | — |  |  |
Interest income from intersegment loan |  | Other operating expense (income), net |  | $ | — |  |  | $ | 8 |  |  | $ | — |  |  |
Nine Months Ended June 30, 2024 |  | Location on Income Statement |  | Midstream & Marketing |  | UGI International |  | AmeriGas Propane |  |
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 |  | $ | 20 |  |  | $ | 32 |  |  | $ | 31 |  |  |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Other operating expense (income), net |  | $ | — |  |  | $ | (2) |  |  | $ | — |  |  |
Unrealized gains (losses) on foreign currency derivative instruments |  | Other non-operating income (expense), net |  | $ | — |  |  | $ | (18) |  |  | $ | — |  |  |
Loss on extinguishments of debt |  | Loss on extinguishments of debt |  | $ | (1) |  |  | $ | — |  |  | $ | (6) |  |  |
Impairments of equity method investments and assets |  | Income (loss) from equity investees/ Other operating expense (income), net |  | $ | — |  |  | $ | (32) |  |  | $ | — |  |  |
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 |  | $ | — |  |  | $ | (11) |  |  | $ | — |  |  |
Costs associated with exit of the UGI International energy marketing business |  | Loss on disposals of businesses |  | $ | — |  |  | $ | (29) |  |  | $ | — |  |  |
Loss on disposal of business |  | Loss on disposals of businesses |  | $ | (62) |  |  | $ | — |  |  | $ | — |  |  |
AmeriGas operations enhancement for growth project |  | Operating and administrative expenses |  | $ | — |  |  | $ | — |  |  | $ | (25) |  |  |
Restructuring costs |  | Operating and administrative expenses |  | $ | — |  |  | $ | (38) |  |  | $ | (2) |  |  |

X
- 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration