v3.25.2
Equity Method Investments (Tables)
9 Months Ended
Jun. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
Equity method investments comprise the following:
Carrying ValueOwnership Interest
InvesteesJune 30, 2025September 30,
2024
June 30,
2024
June 30,
2025
September 30,
2024
June 30,
2024
Midstream & Marketing:
Aurum Renewables$46 $47 $46 40%40%40%
Pine Run96 86 83 49%49%49%
MBL Bioenergy222 206 190 99.99%99.99%99.99%
Other23 20 20 variousvariousvarious
Total Midstream & Marketing387 359 339 
UGI International (a)10 10 variousvariousvarious
Other— variousvariousvarious
Total investments in equity method investees$392 $370 $349 

(a)During Fiscal 2024, UGI International recognized an other-than-temporary pre-tax impairment loss of $25 related to its investment in a joint venture that invests in renewable energy projects. This loss was recorded in “Income (loss) from equity investees” on the Condensed Consolidated Statements of Income.