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UGI Corporation

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It operates through four segments: Utilities, Midstream & Marketing, UGI International, and AmeriGas Propane. The company distributes propane, liquefied petroleum gases (LPG), natural gas, liquid fuels, and electricity to residential, commercial, industrial, agricultural, motor fuel, and wholesale customers. Incorporated in 1882, UGI Corporation is headquartered in King of Prussia, Pennsylvania.

Price · split & dividend adjusted
News & notes moving UGI
United States
Energy Transition & Power Demand▲

Pennsylvania Regulators Approve Phased US$65 Million Gas Rate Increase for UGI

The Pennsylvania Public Utility Commission has approved a past settlement granting UGI Utilities a smaller, phased natural gas rate increase of US$65.00 million, alongside customer protections and a bar on new base rate filings until 2029. The outcome gives UGI clearer near-term revenue visibility while tightening regulatory constraints, sharpening the trade-off between earnings support and future pricing flexibility. The ban on new base rate filings until 2029 may limit UGI's ability to offset rising operating and infrastructure costs, which the article flags as the key risk to watch. Against this backdrop, a recent market rumor that KKR is in talks to acquire UGI for about US$9,000 million at US$42.50 per share has become the central short-term catalyst for the stock, interacting directly with the new rate framework. UGI's narrative projects $8.1 billion revenue and $808.7 million earnings by 2029, requiring 3.6% yearly revenue growth and about a $137.7 million earnings increase from $671.0 million today, while two fair value estimates from the Simply Wall St Community span roughly US$14.29 to US$43.25.
About megatrends
Energy Transition & Power Demand › Firm Power & Transition Fuels Regulation
UGI · Regulation · Positive Pennsylvania PUC approved a phased $65M gas rate increase, giving UGI clearer near-term revenue visibility.
UGI · Capital · Neutral Market rumor that KKR is in talks to acquire UGI for about $9B at $42.50/share is the central short-term catalyst.
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Simply Wall St·2dRead more →
United States
Artificial Intelligence▲impact 4

KKR Offers $9 Billion for Utility UGI at 21% Premium

KKR & Co. Inc. has made a roughly $9 billion takeover offer for natural-gas and electricity distributor UGI Corp at $42.50 a share, a 21% premium to UGI's $35.09 close, as reported by The Wall Street Journal on August 18, 2026. The offer values UGI well above its roughly $7.5 billion market value at August 17's close, but it's unclear whether UGI will be receptive to a deal. Surging demand for reliable power from AI data centers has turned previously overlooked natural-gas utilities into hot takeover targets, and KKR's bid follows a pattern of profitable deals in this sector, such as Energy Capital Partners' sale of Calpine to Constellation Energy. However, natural-gas prices have dropped recently due to strong US production and full storage tanks, which could limit near-term gains for a gas-focused company. The deal remains unconfirmed with no signed agreement, leaving investors exposed to the risk that it falls apart.
About megatrends
Artificial Intelligence › AI Data Center & Build-out ▲Demand
Energy Transition & Power Demand › Natural Gas Value Chain Capital
UGI · Capital · Positive UGI received a takeover offer at a 21% premium to its closing price, valuing it well above its market value, though the deal is unconfirmed and could fall apart.
KKR · Capital · Positive KKR's $9 billion takeover offer for UGI at a 21% premium is a significant M&A deal that could be profitable, following a pattern of successful deals in the sector.
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The Wall Street Journal·37dRead more →
United StatesIndia
Energy Transition & Power Demand▲

KKR Bids $9 Billion for UGI and Buys BookMyShow Stake

KKR has submitted a $9 billion bid to acquire U.S. energy distributor UGI, according to people familiar with the matter. The proposed UGI deal would expand KKR's exposure to U.S. energy infrastructure at a time of rising electricity demand from AI data centers. Separately, KKR has taken a minority stake in Indian ticketing and events platform BookMyShow, increasing its activity in India's live entertainment market. KKR is a US-based private equity and real estate investment firm with a market cap of about $96.2 billion.
About megatrends
Energy Transition & Power Demand › Grid, Transmission & Power Equipment Capital
UGI · Capital · Positive UGI is the target of a $9B acquisition bid by KKR, likely at a premium.
KKR · Capital · Positive KKR's $9B bid for UGI and BookMyShow stake are M&A deals, expanding its portfolio.
BookMyShow · Capital · Positive KKR takes a minority stake in BookMyShow, a positive investment event.
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Simply Wall St·45dRead more →
United States
UGI▲

UGI Reports Smaller Third Quarter Loss and Affirms Dividend

UGI reported third quarter 2026 results showing a smaller net loss and steady nine month earnings, while affirming its regular quarterly dividend. The stock trades at $35.26, with a 3.74% 90 day share price return and a 2.82% 1 year total shareholder return. A popular valuation narrative places fair value at about $41.33 per share, suggesting the stock is 14.7% undervalued, while a Simply Wall St discounted cash flow model estimates fair value at $14.29, indicating overvaluation. The company anticipates higher utility rates in Pennsylvania, pending regulatory approval, to provide incremental revenue beginning in fiscal 2026.
UGI · Capital · Positive Reports smaller loss and affirms dividend, with undervaluation narrative.
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Simply Wall St·52dRead more →
United States
UGI▼

UGI Reports Q3 Loss, Reaffirms Full-Year EPS Guidance

UGI Corporation reported an adjusted diluted loss of $0.20 per share for its fiscal 2026 third quarter, compared to a loss of $0.01 in the prior-year period, while reaffirming full-year adjusted diluted EPS guidance of $2.75 to $2.90. Total reportable segment EBIT fell to $58 million from $72 million a year earlier, driven by warmer weather and customer attrition at AmeriGas, partially offset by a 33% increase in Utilities segment EBIT to $40 million from higher gas base rates. AmeriGas posted a $53 million EBIT loss as retail gallons declined 10% to 124 million, though management highlighted a 2% year-to-date net attrition rate, the lowest in several years, and expects to resume cash distributions to the parent in fiscal 2027. UGI International EBIT was $41 million, down from $43 million, as lower volumes from divestitures were partially offset by higher unit margins, and the company noted a recent take-private transaction for a European competitor reinforces the value of its international platform. The company also announced a pending $65 million two-step gas rate increase settlement, with $40 million effective October 2026 and $25 million in October 2027, and reported consolidated leverage of 3.8x with AmeriGas leverage at 4.3x, its lowest in 10 years.
UGI · Capital · Negative Q3 adjusted loss of $0.20 per share vs. prior-year loss of $0.01, with EBIT down to $58 million from $72 million.
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The Motley Fool·53dRead more →
United States
UGI▼4

UGI Q3 adjusted loss narrows but revenue misses on LPG weakness

UGI Corporation reported a fiscal third-quarter adjusted loss of 20 cents per share, beating the Zacks Consensus Estimate of a loss of 35 cents, while revenue of $1.33 billion missed the $1.55 billion estimate. The adjusted loss widened from a loss of 1 cent per share a year ago, and GAAP loss per share was 62 cents compared with a loss of 76 cents in the prior-year quarter. Lower propane volumes pressured results, with retail gallons sold falling 10% at both AmeriGas Propane and UGI International. The company reaffirmed its fiscal 2026 adjusted EPS guidance of $2.75 to $2.90, and a recommended $65 million Pennsylvania gas rate settlement is pending regulatory approval.
UGI · Demand · Negative Lower propane volumes pressured results, with retail gallons sold falling 10% at both AmeriGas Propane and UGI International.
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Zacks Investment Research·59dRead more →