Filing Flows › UGI (UGI) › Q2 FY26 › vs Q1 FY26
UGI (UGI) Q2 FY26 vs Q1 FY26 (quarter over quarter)
UGI's revenue rose $602M (+29%) from $2.1B in Q1 FY26 to $2.7B in Q2 FY26. Operating margin 28.2% against 21.8% (+6.4 pts).
UGI, Q2 FY26: revenue $2.7B (+0.7% year over year), operating margin 28.2%, net earnings $520M, operating cash flow $664M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Operating margin | 28.2% | 21.8% | +6.4 pts |
| Net margin | 19.4% | 14.3% | +5.1 pts |
| Free cash flow margin | 18.4% | -7.4% | +25.8 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $2.7B | $2.1B | $602M | +29% |
| Operating profit | $758M | $454M | $304M | +67% |
| Costs & expenses | $1.9B | $1.6B | $298M | +18% |
| Pre-tax earnings | $660M | $351M | $309M | +88% |
| Other expense, net | $98.0M | $103M | −$5.0M | -5% |
| Cost of revenue | $1.2B | $1.0B | $175M | +17% |
| SG&A | $559M | $520M | $39.0M | +7% |
| Other operating costs | $181M | $97.0M | $84.0M | +87% |
| Net earnings | $520M | $297M | $223M | +75% |
| Income tax | $140M | $54.0M | $86.0M | +159% |
| Depreciation & amortization | $138M | $140M | −$2.0M | -1% |
| Working capital & other | $6.0M | −$371M | $377M | — |
| Operating cash flow | $664M | $66.0M | $598M | +906% |
| Free cash flow (OCF − capex) | $494M | −$155M | $649M | — |
| Capital expenditures | $170M | $221M | −$51.0M | -23% |
Questions
How much did UGI's revenue grow quarter over quarter in Q2 FY26?
UGI's revenue rose $602M (+29%) from $2.1B in Q1 FY26 to $2.7B in Q2 FY26. Operating margin 28.2% against 21.8% (+6.4 pts).