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UGI (UGI) investor relations material
UGI Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record adjusted diluted EPS of $3.32, up from $3.06, and GAAP diluted EPS of $3.09 versus $1.25, reflecting strong operational execution, AmeriGas transformation, and tax benefits.
Generated $530 million in free cash flow, including asset sales, and returned $320 million to shareholders via dividends.
Strengthened balance sheet with $1.6 billion in liquidity and reduced leverage ratios.
Advanced portfolio optimization, including $150 million from LPG divestitures and ongoing AmeriGas transformation.
Raised long-term EPS CAGR target to 5%-7% (FY24–29), reflecting confidence in strategic execution and margin expansion.
Financial highlights
Adjusted diluted EPS of $3.32, up $0.26 year-over-year; GAAP diluted EPS of $3.09, up from $1.25.
Reportable segments EBIT was $1,176 million, nearly flat year-over-year.
FY25 total shareholder return was 42%, outperforming the S&P 500 TSR of 19%.
Free cash flow exceeded $500 million; leverage reduced to 3.9x (parent) and 4.9x (AmeriGas).
Adjusted EBITDA reached $1,733 million; net income attributable to the corporation at $678 million.
Outlook and guidance
Fiscal 2026 adjusted EPS guidance: $2.90–$3.15, assuming normal weather and current tax environment.
Targeting 5%-7% annual EBIT growth and 5%-7% EPS CAGR through 2029.
$4.5–$4.9 billion capital investment plan through 2029, focused on infrastructure modernization and growth.
Utility segment expects continued customer growth and higher base rates; AmeriGas and midstream segments forecast year-over-year EBIT growth.
Leverage ratio targets: ≤3.75x for the corporation and ≤4x for AmeriGas.
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