Ugi (UGI) Operating Expenses (2009 - 2026)

Ugi (UGI) recorded quarterly Operating Expenses of $1.9 billion in Q1 2026, up 18.29% on a QoQ basis from $1.6 billion in Q4 2025, and down 1.98% year-over-year from $2.0 billion in Q1 2025.

Ugi (UGI) Operating Expenses (2009 - 2026) Analysis & Trends

Ugi has disclosed Operating Expenses across 18 years of filings, most recently posting $1.9 billion for Q1 2026.

  • Quarterly Operating Expenses fell 1.98% year-over-year to $1.9 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $6.2 billion (down 1.32% YoY) and the FY2025 annual result came in at $6.2 billion, down 4.04% from the prior year.
  • Operating Expenses climbed to $1.9 billion in Q1 2026, from $1.6 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $4.0 billion in Q4 2022 and troughed at $1.2 billion in Q3 2023.
  • A 5-year average of $1.9 billion and a median of $1.8 billion in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses soared 150.15% — and 2023, when it slumped 52.33%.
  • Tracing UGI's Operating Expenses over 5 years: stood at $4.0 billion in 2022, then sank by 52.33% to $1.9 billion in 2023, then decreased by 18.32% to $1.5 billion in 2024, then grew by 5.57% to $1.6 billion in 2025, then increased by 18.29% to $1.9 billion in 2026.
  • Business Quant data shows UGI's Operating Expenses at $1.9 billion in Q1 2026, $1.6 billion in Q4 2025, and $1.2 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Atmos Energy 28.34 Bn 28.21 Bn - -
2 Nisource 22.33 Bn 24.52 Bn 1.83 Bn 1.54 Bn
3 Ugi 7.49 Bn 6.94 Bn 1.50 Bn 1.93 Bn
4 New Jersey Resources 5.59 Bn 5.45 Bn 826.91 Mn 638.37 Mn
5 Black Hills 5.49 Bn 5.46 Bn - 578.80 Mn
6 ONE Gas 4.93 Bn 4.91 Bn 438.14 Mn 248.54 Mn
7 Mdu Resources 4.39 Bn 4.33 Bn - 490.27 Mn
8 Centuri Holdings 3.01 Bn 2.95 Bn 35.76 Mn 32.70 Mn
9 Chesapeake Utilities 2.96 Bn 2.96 Bn 102.40 Mn 8.00 Mn
10 Brookfield Infrastructure 426.14 Mn 3.22 Bn 539.00 Mn -21.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.93 Bn
Dec 31, 2025 1.63 Bn
Sep 30, 2025 1.18 Bn
Jun 30, 2025 1.49 Bn
Mar 31, 2025 1.97 Bn
Dec 31, 2024 1.54 Bn
Sep 30, 2024 1.49 Bn
Jun 30, 2024 1.31 Bn
Mar 31, 2024 1.75 Bn
Dec 31, 2023 1.89 Bn
Sep 30, 2023 1.17 Bn
Jun 30, 2023 2.39 Bn
Mar 31, 2023 2.85 Bn
Dec 31, 2022 3.96 Bn
Sep 30, 2022 1.63 Bn
Jun 30, 2022 1.93 Bn
Mar 31, 2022 2.13 Bn
Dec 31, 2021 2.74 Bn
Sep 30, 2021 652.00 Mn
Jun 30, 2021 1.11 Bn