Filing Flows › UGI (UGI) › Q3 FY26 › vs Q3 FY25
UGI (UGI) Q3 FY26 vs Q3 FY25 (year over year)
UGI's revenue fell $63.0M (-5%) from $1.4B in Q3 FY25 to $1.3B in Q3 FY26. The biggest changes: Energy Marketing −$27.0M (-14%); Total Non-Utility −$21.0M (-2%); Other −$8.0M (-13%).
UGI, Q3 FY26: revenue $1.3B (-4% year over year), operating margin -3.3%, net loss $133M, operating cash flow $242M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Free cash flow margin | 1.2% | 4.8% | -3.6 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Retail | $679M | $724M | −$45.0M | -6% |
| Total Utility | $294M | $272M | $22.0M | +8% |
| Other | $11.0M | $7.0M | $4.0M | +57% |
| Off-system sales and capacity releases | $10.0M | $13.0M | −$3.0M | -23% |
| Other | $6.0M | $6.0M | $0 | 0% |
| Peaking | $2.0M | $1.0M | $1.0M | +100% |
| Total Non-Utility | $1.0B | $1.0B | −$21.0M | -2% |
| Energy Marketing | $171M | $198M | −$27.0M | -14% |
| Commercial & Industrial | $65.0M | $61.0M | $4.0M | +7% |
| Other | $54.0M | $62.0M | −$8.0M | -13% |
| Wholesale | $41.0M | $44.0M | −$3.0M | -7% |
| Revenue | $1.3B | $1.4B | −$63.0M | -5% |
| Income tax benefit | $28.0M | $65.0M | −$37.0M | -57% |
| Net loss | $133M | $163M | −$30.0M | -18% |
| Costs & expenses | $1.5B | $1.6B | −$130M | -8% |
| Operating costs | $1.4B | $1.5B | −$112M | -8% |
| Interest & other, net | $117M | $135M | −$18.0M | -13% |
| Cost of revenue | $758M | $837M | −$79.0M | -9% |
| SG&A | $491M | $481M | $10.0M | +2% |
| Other operating costs | $126M | $169M | −$43.0M | -25% |
| Operating cash sources | $375M | $452M | −$77.0M | -17% |
| Depreciation & amortization | $138M | $140M | −$2.0M | -1% |
| Working capital & other | $237M | $312M | −$75.0M | -24% |
| Net loss absorbed | $133M | $163M | −$30.0M | -18% |
| Operating cash flow | $242M | $289M | −$47.0M | -16% |
| Free cash flow (OCF − capex) | $16.0M | $67.0M | −$51.0M | -76% |
| Capital expenditures | $226M | $222M | $4.0M | +2% |
Questions
How much did UGI's revenue grow year over year in Q3 FY26?
UGI's revenue fell $63.0M (-5%) from $1.4B in Q3 FY25 to $1.3B in Q3 FY26.
What drove UGI's revenue change in Q3 FY26?
Energy Marketing −$27.0M (-14%); Total Non-Utility −$21.0M (-2%); Other −$8.0M (-13%).