Amerigas Propane was Ugi’s largest segment in fiscal 2025, bringing in $2.28B of $7.29B (31%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amerigas Propane | $2.94B | $2.58B | $2.27B | $2.28B | |||||||||||
| Ugi International | $3.69B | $2.97B | $2.28B | $2.12B | |||||||||||
| Midstream & Marketing | $2.33B | $1.85B | $1.37B | $1.48B | |||||||||||
| Ugi Utilities, Inc | $1.62B | $1.85B | $1.60B | $1.76B | |||||||||||
| Utilities | — | — | — | — | |||||||||||
| Ugi Utilities | — | — | — | — | |||||||||||
| Ugi France | — | — | — | — | |||||||||||
| Midstream Marketing | — | — | — | — | |||||||||||
| Energy Services | — | — | — | — | |||||||||||
| Gas Utility | — | — | — | — | |||||||||||
| Antargaz | — | — | — | — | |||||||||||
| International Propane, Antargaz | — | — | — | — | |||||||||||
| International Propane, Other | — | — | — | — | |||||||||||
| Flaga & Other | — | — | — | — | |||||||||||
| Electric Utility | — | — | — | — | |||||||||||
| Electric Generation | — | — | — | — | |||||||||||
| Corporate, Intersegment Eliminations & Other | $3.00M | $1.00M | — | — | |||||||||||
| Corporate & Other | $8.00M | $7.00M | -$41.00M | -$2.00M | |||||||||||
| Salesrevenuenet | — | — | — | — | |||||||||||
| Eliminations | -$477.00M | -$326.00M | -$266.00M | -$350.00M | |||||||||||
| Intersegment Eliminations | — | — | — | — | |||||||||||
| Intersegment Elimination | — | — | — | — | |||||||||||
| Total | $10.11B | $8.93B | $7.21B | $7.29B |
Ugi brought in $7.29B from its six segments in fiscal 2025, the year ended September 30, 2025. That was up 1.1% from $7.21B in fiscal 2024. Amerigas Propane was the largest at $2.28B (31.2%), ahead of Ugi International at $2.12B (29.1%) and Ugi Utilities, Inc at $1.76B (24.2%). The remaining segment, Midstream & Marketing, brought in $1.48B.
Compared with fiscal 2024, Ugi Utilities, Inc grew fastest, up 10.2% to $1.76B, while Ugi International fell the most, down 7.0% to $2.12B.
Ugi stopped reporting Corporate, Intersegment Eliminations & Other as a separate segment after fiscal 2023, when it brought in $1.00M. The total is net of Corporate & Other, which took $2.00M off revenue in fiscal 2025.
Ugi (UGI) reports its revenue by segment. In fiscal 2025, Amerigas Propane was its largest segment, bringing in $2.28B (31.2% of the total), followed by Ugi International at $2.12B (29.1%).
Amerigas Propane was Ugi's largest segment in fiscal 2025, bringing in $2.28B, or 31.2% of the $7.29B total across its six segments.
Among Ugi's segments that make up at least 2% of revenue, Ugi Utilities, Inc grew fastest in fiscal 2025, up 10.2% from $1.60B to $1.76B.
Every figure comes from Ugi's annual financial filings, as reported. Each line keeps the name Ugi gives it, and years follow its fiscal calendar.
Ugi's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.