Filing Flows › UGI (UGI) › Q2 FY25
UGI (UGI) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 8, 2025
UGI (UGI) reported revenue of $2.7B for the second quarter fiscal 2025 (Q2 FY25), +8% from a year earlier and +31% from the quarter before. Operating margin was 26.3%, net earnings $479M (18.0% of revenue).
UGI, Q2 FY25: revenue $2.7B (+8% year over year), operating margin 26.3%, net earnings $479M, operating cash flow $684M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +31% | +8% |
| Operating profit | $700M | +44% | -2% |
| Net earnings | $479M | +28% | -3% |
| Operating cash flow | $684M | +317% | +31% |
| Free cash flow | $538M | — | +52% |
What changed
Revenue was $2.7B in Q2 FY25, up 8% year over year and up 31% from the previous quarter. Retail was the largest line at 49% of revenue. Total Utility added $0.12B year over year (up 21%), 61% of the total change. Other declined 27%.
Operating profit was $0.70B, a 26.3% margin (down 2.8 points year over year). Operating profit fell $0.02B even though revenue rose $0.20B versus a year earlier, so costs grew faster than sales. Total costs grew 12% against revenue growth of 8%. The fastest-growing cost line was Cost of revenue (+26%). Net earnings were $0.48B, down 3% year over year. The effective tax rate was 19.4%.
Operating cash flow was $0.68B (up 31% year over year), 143% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization. Working capital and other items added $0.07B. Capital expenditures of $0.15B left free cash flow of $0.54B.
Questions
What was UGI's revenue in the second quarter fiscal 2025?
UGI (UGI) reported revenue of $2.7B for the second quarter fiscal 2025 (Q2 FY25), +8% from a year earlier and +31% from the quarter before.
Was UGI profitable in the second quarter fiscal 2025?
Operating profit was $700M (26.3% of revenue) and net earnings $479M.
Source: UGI 10-Q on SEC EDGAR.