
Three Months Ended June 30, 2025	Total		Eliminations (a)		Utilities		Midstream & Marketing		UGI International		AmeriGas Propane		Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential	$	151	$	—	$	151	$	—	$	—	$	—	$	—
Commercial & Industrial	61		—		61		—		—		—		—
Large delivery service	40		—		40		—		—		—		—
Off-system sales and capacity releases	13		(11)		24		—		—		—		—
Other	7		(1)		8		—		—		—		—
Total Utility	272		(12)		284		—		—		—		—
Non-Utility:
LPG:
Retail	724		—		—		—		360		364		—
Wholesale	44		—		—		—		34		10		—
Energy Marketing	198		(27)		—		213		12		—		—
Midstream:
Pipeline	53		—		—		53		—		—		—
Peaking	1		(5)		—		6		—		—		—
Other	6		—		—		6		—		—		—
Other	62		—		—		—		21		41		—
Total Non-Utility	1,088		(32)		—		278		427		415		—
Total revenues from contracts with customers	1,360		(44)		284		278		427		415		—
Other revenues (c)	34		—		3		—		10		19		2
Total revenues	$	1,394	$	(44)	$	287	$	278	$	437	$	434	$	2


Three Months Ended June 30, 2024	Total		Eliminations (a)		Utilities		Midstream & Marketing		UGI International		AmeriGas Propane		Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential	$	136	$	—	$	136	$	—	$	—	$	—	$	—
Commercial & Industrial	53		—		53		—		—		—		—
Large delivery service	41		—		41		—		—		—		—
Off-system sales and capacity releases	7		(6)		13		—		—		—		—
Other	9		(1)		10		—		—		—		—
Total Utility	246		(7)		253		—		—		—		—
Non-Utility:
LPG:
Retail	742		—		—		—		378		364		—
Wholesale	54		—		—		—		36		18		—
Energy Marketing	172		(16)		—		176		12		—		—
Midstream:
Pipeline	61		—		—		61		—		—		—
Peaking	—		(5)		—		5		—		—		—
Other	5		—		—		5		—		—		—
Electricity Generation	6		—		—		6		—		—		—
Other	66		—		—		—		21		45		—
Total Non-Utility	1,106		(21)		—		253		447		427		—
Total revenues from contracts with customers	1,352		(28)		253		253		447		427		—
Other revenues (c)	28		—		4		—		8		18		(2)
Total revenues	$	1,380	$	(28)	$	257	$	253	$	455	$	445	$	(2)


Nine Months Ended June 30, 2025	Total		Eliminations (a)		Utilities		Midstream & Marketing		UGI International		AmeriGas Propane		Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential	$	861	$	—	$	861	$	—	$	—	$	—	$	—
Commercial & Industrial	342		—		342		—		—		—		—

Large delivery service	156		—		156		—		—		—		—
Off-system sales and capacity releases	66		(72)		138		—		—		—		—
Other	23		(1)		24		—		—		—		—
Total Utility	1,448		(73)		1,521		—		—		—		—
Non-Utility:
LPG:
Retail	3,108		—		—		—		1,462		1,646		—
Wholesale	194		—		—		—		127		67		—
Energy Marketing	820		(140)		—		914		46		—		—
Midstream:
Pipeline	170		—		—		170		—		—		—
Peaking	25		(107)		—		132		—		—		—
Other	16		—		—		16		—		—		—
Other	200		—		—		—		60		140		—
Total Non-Utility	4,533		(247)		—		1,232		1,695		1,853		—
Total revenues from contracts with customers	5,981		(320)		1,521		1,232		1,695		1,853		—
Other revenues (c)	109		—		24		—		30		56		(1)
Total revenues	$	6,090	$	(320)	$	1,545	$	1,232	$	1,725	$	1,909	$	(1)

























































Nine Months Ended June 30, 2024	Total		Eliminations (a)		Utilities		Midstream & Marketing		UGI International		AmeriGas Propane		Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential	$	771	$	—	$	771	$	—	$	—	$	—	$	—
Commercial & Industrial	305		—		305		—		—		—		—
Large delivery service	144		—		144		—		—		—		—
Off-system sales and capacity releases	60		(42)		102		—		—		—		—
Other	29		(1)		30		—		—		—		—
Total Utility	1,309		(43)		1,352		—		—		—		—
Non-Utility:
LPG:
Retail	3,066		—		—		—		1,472		1,594		—
Wholesale	214		—		—		—		145		69		—
Energy Marketing (b)	810		(80)		—		780		152		—		(42)
Midstream:
Pipeline	191		—		—		191		—		—		—
Peaking	11		(116)		—		127		—		—		—
Other	12		—		—		12		—		—		—
Electricity Generation	20		—		—		20		—		—		—
Other	204		—		—		—		56		148		—
Total Non-Utility	4,528		(196)		—		1,130		1,825		1,811		(42)
Total revenues from contracts with customers	5,837		(239)		1,352		1,130		1,825		1,811		(42)
Other revenues (c)	131		—		44		—		28		58		1
Total revenues	$	5,968	$	(239)	$	1,396	$	1,130	$	1,853	$	1,869	$	(41)

(c)Primarily represents (1) revenues from tank rentals at UGI International and AmeriGas Propane; (2) 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 (3) 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.