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| Date | Value |
|---|---|
| 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 |