Filing Flows › UGI (UGI) › Q1 FY26
UGI (UGI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 5, 2026
UGI (UGI) reported revenue of $2.1B for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and +74% from the quarter before. Operating margin was 21.8%, net earnings $297M (14.3% of revenue).
UGI, Q1 FY26: revenue $2.1B (+3% year over year), operating margin 21.8%, net earnings $297M, operating cash flow $66.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +74% | +3% |
| Operating profit | $454M | 35× | -7% |
| Net earnings | $297M | — | -21% |
| Operating cash flow | $66.0M | -27% | -60% |
What changed
Revenue was $2.1B in Q1 FY26, up 3% year over year and up 74% from the previous quarter. Retail was the largest line at 49% of revenue. Total Utility added $0.12B year over year (up 27%), 234% of the total change. Other declined 38%.
Operating profit was $0.45B, a 21.8% margin (down 2.2 points year over year). Operating profit fell $0.03B even though revenue rose $0.05B versus a year earlier, so costs grew faster than sales. Total costs grew 6% against revenue growth of 3%. Net earnings were $0.30B, down 21% year over year. The effective tax rate was 15.4%.
Operating cash flow was $0.07B (down 60% year over year), 22% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization. Working capital and other items used $0.37B. Capital expenditures of $0.22B exceeded it, leaving free cash flow of −$0.15B.
Questions
What was UGI's revenue in the first quarter fiscal 2026?
UGI (UGI) reported revenue of $2.1B for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and +74% from the quarter before.
Was UGI profitable in the first quarter fiscal 2026?
Operating profit was $454M (21.8% of revenue) and net earnings $297M.
Source: UGI 10-Q on SEC EDGAR.