Filing Flows › UGI (UGI) › How it makes money
How UGI (UGI) makes money
UGI (UGI) made $1.3B of revenue in the third quarter fiscal 2026 (Q3 FY26), -4% from a year earlier. Total Non-Utility brought in $1.0B (75%); Energy Marketing brought in $171M (13%); Commercial & Industrial brought in $65.0M (5%).
Drawing the Sankey…
Revenue by segment, Q3 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Total Non-Utility | $1.0B | 75.2% | — | -2% |
| ↳ Retail | $679M | 50.9% | — | -6% |
| ↳ Total Utility | $294M | 22.1% | — | +8% |
| ↳ Other | $11.0M | 0.8% | — | +57% |
| ↳ Off-system sales and capacity releases | $10.0M | 0.8% | — | -23% |
| ↳ Other | $6.0M | 0.5% | — | 0% |
| ↳ Peaking | $2.0M | 0.2% | — | +100% |
| Energy Marketing | $171M | 12.8% | — | -14% |
| Commercial & Industrial | $65.0M | 4.9% | — | +7% |
| Other | $54.0M | 4.1% | — | -13% |
| Wholesale | $41.0M | 3.1% | — | -7% |
Where each dollar of revenue goes
| Line | Q3 FY26 | % of revenue |
|---|---|---|
| Revenue | $1.3B | 100.0% |
| Operating cash flow | $242M | 18.2% |
| Free cash flow | $16.0M | 1.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY26 | $1.3B | -4% |
| Q2 FY26 | $2.7B | +0.7% |
| Q1 FY26 | $2.1B | +3% |
| Q4 FY25 | $1.2B | -4% |
| Q3 FY25 | $1.4B | +1% |
| Q2 FY25 | $2.7B | +8% |
| Q4 FY24 | $1.2B | -12% |
From UGI's 10-Q filed Aug 6, 2026 (on EDGAR).
Questions
How does UGI make money?
UGI (UGI) made $1.3B of revenue in the third quarter fiscal 2026 (Q3 FY26), -4% from a year earlier. Total Non-Utility brought in $1.0B (75%); Energy Marketing brought in $171M (13%); Commercial & Industrial brought in $65.0M (5%).
What is UGI's biggest business?
Total Non-Utility: $1.0B in the third quarter fiscal 2026, 75% of revenue, -2% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.