Filing Flows › UGI (UGI) › Q4 FY24
UGI (UGI) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 26, 2024
UGI (UGI) reported revenue of $1.2B for the fourth quarter fiscal 2024 (Q4 FY24), -12% from a year earlier and -10% from the quarter before. Operating margin was -19.8%, net loss $273M (22.0% of revenue).
UGI, Q4 FY24: revenue $1.2B (-12% year over year), operating margin -19.8%, net loss $273M, operating cash flow $151M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -10% | -12% |
| Operating profit | −$246M | — | — |
| Net earnings | −$273M | — | — |
| Operating cash flow | $151M | -61% | -40% |
What changed
Revenue was $1.2B in Q4 FY24, down 12% year over year and down 10% from the previous quarter. Retail was the largest line at 54% of revenue.
Operating costs exceeded revenue by $0.25B, an operating margin of -19.8%. Total costs grew 28% against a revenue fall of 12%. The fastest-growing cost line was Other operating costs (+364%). The quarter ended with a net loss of $0.27B, wider than the previous quarter's $0.05B loss.
Operating cash flow was $0.15B (down 40% year over year). Non-cash charges added back $0.14B of depreciation and amortization. Working capital and other items added $0.29B. Capital expenditures of $0.27B exceeded it, leaving free cash flow of −$0.12B.
Questions
What was UGI's revenue in the fourth quarter fiscal 2024?
UGI (UGI) reported revenue of $1.2B for the fourth quarter fiscal 2024 (Q4 FY24), -12% from a year earlier and -10% from the quarter before.
Was UGI profitable in the fourth quarter fiscal 2024?
Operating loss was $246M (-19.8% of revenue) and net loss $273M.
Source: UGI 10-K on SEC EDGAR.