Ugi (UGI) Operating Expenses (2009 - 2026)
Ugi's (UGI) quarterly Operating Expenses came in at $1.9 billion in Q1 2026, down 1.98% YoY from $2.0 billion in Q1 2025, and up 18.29% on a QoQ basis from $1.6 billion in Q4 2025.
Ugi (UGI) Operating Expenses (2009 - 2026) Analysis & Trends
Ugi (UGI) has 18 years of Operating Expenses data on file, last reported at $1.9 billion in 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 rose to $1.9 billion in Q1 2026, from $1.6 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $4.0 billion in Q4 2022 to a low of $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 tumbled by 52.33% to $1.9 billion in 2023, then fell by 18.32% to $1.5 billion in 2024, then advanced by 5.57% to $1.6 billion in 2025, then climbed by 18.29% to $1.9 billion in 2026.
- The last three Operating Expenses figures came in at $1.9 billion (Q1 2026), $1.6 billion (Q4 2025), and $1.2 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.71 Bn | 28.18 Bn | - | - |
| 2 | Nisource | 20.24 Bn | 20.17 Bn | 1.15 Bn | 1.11 Bn |
| 3 | Brookfield Infrastructure | 12.62 Bn | 11.86 Bn | 572.00 Mn | 22.00 Mn |
| 4 | Ugi | 8.25 Bn | 7.77 Bn | 573.00 Mn | 1.38 Bn |
| 5 | New Jersey Resources | 5.62 Bn | 5.58 Bn | 243.61 Mn | 317.29 Mn |
| 6 | Black Hills | 5.56 Bn | 5.48 Bn | - | 355.80 Mn |
| 7 | ONE Gas | 5.10 Bn | 5.07 Bn | 321.35 Mn | 238.68 Mn |
| 8 | Mdu Resources | 4.30 Bn | 4.25 Bn | - | 327.36 Mn |
| 9 | Chesapeake Utilities | 3.29 Bn | 3.27 Bn | 150.20 Mn | 149.00 Mn |
| 10 | Centuri Holdings | 2.27 Bn | 2.23 Bn | 69.14 Mn | 37.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.38 Bn |
| 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 |