VALLEY FORGE, PA — UGI Corporation (NYSE: UGI) reported a sharp rise in annual earnings and outlined a stronger long-term growth profile as the diversified energy company capped fiscal 2025 with record adjusted results, improved balance-sheet strength and sustained momentum across its core businesses.
For the year ended September 30, UGI posted GAAP net income of $678 million, up from $269 million a year earlier. Adjusted net income rose to $728 million from $658 million. GAAP diluted earnings per share climbed to $3.09 from $1.25, while adjusted diluted EPS increased to $3.32 from $3.06. Total reportable-segment EBIT held steady at $1.18 billion.
The company said earnings exceeded the top end of its revised guidance issued in May, supported by stronger results at AmeriGas, solid performance in the Utilities segment and favorable tax benefits. Liquidity improved to roughly $1.6 billion, with leverage declining to 3.9x at UGI Corporation and 4.9x at AmeriGas Propane.
CEO Robert Flexon said UGI generated approximately $530 million in free cash flow—including proceeds from asset sales—and returned capital to shareholders through dividends. He added that operational improvements, workforce upskilling and cultural investments laid the groundwork for continued progress as the company modernizes processes and aligns operations across its portfolio.
For fiscal 2026, UGI issued adjusted diluted EPS guidance of $2.90 to $3.15, assuming normal weather patterns and current tax conditions. The outlook includes an expected 5% to 7% increase in reportable-segment EBIT. The company also raised its long-term adjusted EPS compound annual growth rate target to 5% to 7% between fiscal 2024 and fiscal 2029.
UGI’s board declared a quarterly dividend of $0.375 per share, payable January 1, 2026, to shareholders of record on December 15, 2025.
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