
Three Months Ended March 31, 2025	Total		Eliminations (a)		Utilities		Midstream & Marketing		UGI International		AmeriGas Propane		Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential	$	434	$	—	$	434	$	—	$	—	$	—	$	—
Commercial & Industrial	176		—		176		—		—		—		—
Large delivery service	64		—		64		—		—		—		—
Off-system sales and capacity releases	34		(46)		80		—		—		—		—
Other	8		—		8		—		—		—		—
Total Utility	716		(46)		762		—		—		—		—
Non-Utility:
LPG:
Retail	1,313		—		—		—		564		749		—
Wholesale	78		—		—		—		43		35		—
Energy Marketing	370		(82)		—		437		15		—		—
Midstream:
Pipeline	59		—		—		59		—		—		—
Peaking	23		(62)		—		85		—		—		—
Other	6		—		—		6		—		—		—
Other	68		—		—		—		19		49		—
Total Non-Utility	1,917		(144)		—		587		641		833		—
Total revenues from contracts with customers	2,633		(190)		762		587		641		833		—
Other revenues (c)	33		—		11		—		9		15		(2)
Total revenues	$	2,666	$	(190)	$	773	$	587	$	650	$	848	$	(2)


Three Months Ended March 31, 2024	Total		Eliminations (a)		Utilities		Midstream & Marketing		UGI International		AmeriGas Propane		Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential	$	353	$	—	$	353	$	—	$	—	$	—	$	—
Commercial & Industrial	144		—		144		—		—		—		—
Large delivery service	54		—		54		—		—		—		—
Off-system sales and capacity releases	32		(24)		56		—		—		—		—
Other	11		—		11		—		—		—		—
Total Utility	594		(24)		618		—		—		—		—
Non-Utility:
LPG:
Retail	1,267		—		—		—		570		697		—
Wholesale	89		—		—		—		60		29		—
Energy Marketing	311		(38)		—		332		17		—		—
Midstream:
Pipeline	65		—		—		65		—		—		—
Peaking	8		(69)		—		77		—		—		—
Other	4		—		—		4		—		—		—
Electricity Generation	6		—		—		6		—		—		—
Other	67		—		—		—		16		51		—
Total Non-Utility	1,817		(107)		—		484		663		777		—
Total revenues from contracts with customers	2,411		(131)		618		484		663		777		—
Other revenues (c)	56		—		28		(1)		10		18		1
Total revenues	$	2,467	$	(131)	$	646	$	483	$	673	$	795	$	1


Six Months Ended March 31, 2025	Total		Eliminations (a)		Utilities		Midstream & Marketing		UGI International		AmeriGas Propane		Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential	$	710	$	—	$	710	$	—	$	—	$	—	$	—
Commercial & Industrial	281		—		281		—		—		—		—

Large delivery service	116		—		116		—		—		—		—
Off-system sales and capacity releases	53		(61)		114		—		—		—		—
Other	16		—		16		—		—		—		—
Total Utility	1,176		(61)		1,237		—		—		—		—
Non-Utility:
LPG:
Retail	2,384		—		—		—		1,102		1,282		—
Wholesale	150		—		—		—		93		57		—
Energy Marketing	622		(113)		—		701		34		—		—
Midstream:
Pipeline	117		—		—		117		—		—		—
Peaking	24		(102)		—		126		—		—		—
Other	10		—		—		10		—		—		—
Other	138		—		—		—		39		99		—
Total Non-Utility	3,445		(215)		—		954		1,268		1,438		—
Total revenues from contracts with customers	4,621		(276)		1,237		954		1,268		1,438		—
Other revenues (c)	75		—		21		—		20		37		(3)
Total revenues	$	4,696	$	(276)	$	1,258	$	954	$	1,288	$	1,475	$	(3)

























































Six Months Ended March 31, 2024	Total		Eliminations (a)		Utilities		Midstream & Marketing		UGI International		AmeriGas Propane		Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential	$	635	$	—	$	635	$	—	$	—	$	—	$	—
Commercial & Industrial	252		—		252		—		—		—		—
Large delivery service	103		—		103		—		—		—		—
Off-system sales and capacity releases	53		(36)		89		—		—		—		—
Other	20		—		20		—		—		—		—
Total Utility	1,063		(36)		1,099		—		—		—		—
Non-Utility:
LPG:
Retail	2,324		—		—		—		1,094		1,230		—
Wholesale	160		—		—		—		109		51		—
Energy Marketing (b)	638		(64)		—		604		140		—		(42)
Midstream:
Pipeline	130		—		—		130		—		—		—
Peaking	11		(111)		—		122		—		—		—
Other	7		—		—		7		—		—		—
Electricity Generation	14		—		—		14		—		—		—
Other	138		—		—		—		35		103		—
Total Non-Utility	3,422		(175)		—		877		1,378		1,384		(42)
Total revenues from contracts with customers	4,485		(211)		1,099		877		1,378		1,384		(42)
Other revenues (c)	103		—		40		—		20		40		3
Total revenues	$	4,588	$	(211)	$	1,139	$	877	$	1,398	$	1,424	$	(39)

(c)Primarily represents (1) revenues from tank rentals at UGI International and AmeriGas Propane; (2) revenues from certain gathering assets at Midstream & Marketing; (3) revenues from alternative revenue programs at Utilities, including the weather normalization adjustment rider for PA Gas Utility beginning November 1, 2022 and for WV Gas Utility beginning October 1, 2024; and (4) gains and losses on commodity derivative instruments not associated with current-period transactions reflected in Corporate & Other, none of which are within the scope of ASC 606 and are accounted for in accordance with other GAAP.