Filing Flows › UGI (UGI) › Q2 FY26
UGI (UGI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 7, 2026
UGI (UGI) reported revenue of $2.7B for the second quarter fiscal 2026 (Q2 FY26), +0.7% from a year earlier and +29% from the quarter before. Operating margin was 28.2%, net earnings $520M (19.4% of revenue).
UGI, Q2 FY26: revenue $2.7B (+0.7% year over year), operating margin 28.2%, net earnings $520M, operating cash flow $664M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +29% | +0.7% |
| Operating profit | $758M | +67% | +8% |
| Net earnings | $520M | +75% | +9% |
| Operating cash flow | $664M | +906% | -3% |
| Free cash flow | $494M | — | -8% |
What changed
Revenue was $2.7B in Q2 FY26, up 1% year over year and up 29% from the previous quarter. Retail was the largest line at 46% of revenue. Total Utility added $0.11B year over year (up 15%), 568% of the total change. Other declined 62%.
Operating profit was $0.76B, a 28.2% margin (up 2.0 points year over year). Of the extra revenue versus Q2 FY25, 305% reached operating profit, above the 26% margin then. Total costs fell 2% while revenue rose 1%. The fastest-growing cost line was Other operating costs (+52%). Net earnings were $0.52B, up 9% year over year. The effective tax rate was 21.2%.
Operating cash flow was $0.66B (down 3% year over year), 128% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization. Capital expenditures of $0.17B left free cash flow of $0.49B.
Questions
What was UGI's revenue in the second quarter fiscal 2026?
UGI (UGI) reported revenue of $2.7B for the second quarter fiscal 2026 (Q2 FY26), +0.7% from a year earlier and +29% from the quarter before.
Was UGI profitable in the second quarter fiscal 2026?
Operating profit was $758M (28.2% of revenue) and net earnings $520M.
Source: UGI 10-Q on SEC EDGAR.