---
schema_version: "secwatch.filing_event.v1"
accession: "0000884614-25-000051"
form_type: "8-K"
ticker: "UGI"
cik: "0000884614"
company_name: "UGI CORP /PA/"
filed_at: "2025-11-21T23:59:59+00:00"
generated_at: "2026-05-16T17:48:34.306082+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# UGI posts record adjusted EPS $3.32 for FY25, above guidance; FY26 outlook $2.90-$3.15

## Summary
- GAAP net income $678M ($3.09 EPS); adjusted net income $728M ($3.32 EPS), above top of revised guidance. Prior year: $269M ($1.25 GAAP), $658M ($3.06 adjusted).
- Reportable segments EBIT $1,176M (flat vs $1,178M FY24); free cash flow ~$530M including asset sales.
- FY26 adjusted EPS guidance $2.90-$3.15; extends EPS CAGR target to 5-7% through FY29.
- Liquidity ~$1.6B; leverage ratio 3.9x at UGI, 4.9x at AmeriGas Propane.
- CEO highlights record adjusted EPS, AmeriGas improvements, and focus on operational transformation.

## SEC filing metadata
- accession: 0000884614-25-000051
- form_type: 8-K
- ticker: UGI
- cik: 0000884614
- company_name: UGI CORP /PA/
- filed_at: 2025-11-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884614/000088461425000051/0000884614-25-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884614/000088461425000051/ugi-20251120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000884614-25-000051
- JSON: https://secwatch.observer/filing/0000884614-25-000051.json
- Plain text: https://secwatch.observer/filing/0000884614-25-000051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.