UGI Corp Files 2024 Annual Report

Ticker: UGI · Form: 10-K · Filed: Nov 26, 2024 · CIK: 884614

Ugi CORP /Pa/ 10-K Filing Summary
FieldDetail
CompanyUgi CORP /Pa/ (UGI)
Form Type10-K
Filed DateNov 26, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$675 million, $25 million, $150 million, $75 million, $50 million
Sentimentneutral

Sentiment: neutral

Topics: annual-report, 10-K, financials

Related Tickers: UGI

TL;DR

UGI filed its 2024 10-K. Stock trades on NYSE.

AI Summary

UGI Corporation filed its annual report for the fiscal year ended September 30, 2024. The company, incorporated in Pennsylvania with its principal executive offices at 500 North Gulph Road, King of Prussia, PA, is registered with the SEC under file number 1-11071. UGI Corp's common stock trades on the New York Stock Exchange under the symbol UGI.

Why It Matters

This filing provides a comprehensive overview of UGI Corporation's financial performance and operational status for the past fiscal year, crucial for investors and stakeholders to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — The filing is a standard annual report and does not indicate any immediate or unusual risks.

Key Numbers

Key Players & Entities

FAQ

What is the fiscal year end date for this 10-K filing?

The fiscal year ended September 30, 2024.

What is UGI Corporation's principal executive office address?

The principal executive offices are located at 500 North Gulph Road, King of Prussia, PA 19406.

On which stock exchange does UGI Corporation's common stock trade?

UGI Corporation's common stock trades on the New York Stock Exchange.

What is the trading symbol for UGI Corporation's common stock?

The trading symbol is UGI.

Is UGI Corporation a well-known seasoned issuer?

The filing indicates 'No' for whether the registrant is a well-known seasoned issuer.

Filing Stats: 4,476 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-11-26 17:25:35

Key Financial Figures

Filing Documents

Risk Factors

Item 1A. Risk Factors 33

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 45

Cybersecurity

Item 1C. Cybersecurity 46

Legal Proceedings

Item 3. Legal Proceedings 46

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 46 PART II:

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 47

Reserved

Item 6. Reserved 48

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 48

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 71

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 71

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 72

Controls and Procedures

Item 9A. Controls and Procedures 72

Other Information

Item 9B. Other Information 75

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 75 PART III:

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 76

Executive Compensation

Item 11. Executive Compensation 76

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 76

Certain Relationships and Related Transactions and Director Independence

Item 13. Certain Relationships and Related Transactions and Director Independence 76

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 76 PART IV:

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 79

Form 10-K Summary

Item 16. Form 10-K Summary 91

Signatures

Signatures 92 Index to Financial Statements and Financial Statement Schedules F- 2 1 Table of Contents GLOSSARY OF TERMS AND ABBREVIATIONS Terms and abbreviations used in this Form 10-K are defined below: UGI Corporation and Related Entities AmeriGas Finance Corp. - A wholly owned subsidiary of AmeriGas Partners AmeriGas OLP - AmeriGas Propane, L.P., the principal operating subsidiary of AmeriGas Partners AmeriGas Partners - AmeriGas Partners, L.P., an indirect wholly owned subsidiary of UGI; also referred to, together with its consolidated subsidiaries, as the "Partnership" AmeriGas Propane - Reportable segment comprising AmeriGas Propane, Inc. and its subsidiaries, including AmeriGas Partners and AmeriGas OLP AmeriGas Propane, Inc. - A wholly owned second-tier subsidiary of UGI and the general partner of AmeriGas Partners; also referred to as the "General Partner" AvantiGas - AvantiGas Limited, an indirect wholly owned subsidiary of UGI International, LLC Company - UGI and its consolidated subsidiaries collectively DVEP - DVEP Investeringen B.V., an indirect wholly owned subsidiary of UGI International, LLC Electric Utility - UGI Utilities' regulated electric distribution utility located in northeastern Pennsylvania Energy Services - UGI Energy Services, LLC, a wholly owned subsidiary of Enterprises Enterprises - UGI Enterprises, LLC, a wholly owned subsidiary of UGI ESFC - Energy Services Funding Corporation, a wholly owned subsidiary of Energy Services Flaga - Flaga GmbH, an indirect wholly owned subsidiary of UGI International, LLC Gas Utility - UGI's regulated natural gas businesses, inclusive of PA Gas Utility and WV Gas Utility General Partner - AmeriGas Propane, Inc., the general partner of AmeriGas Partners GHI - GHI Energy, LLC, a Houston-based renewable natural gas company and indirect wholly owned subsidiary of Energy Services MBL Bioenergy - MBL Bioenergy, LLC Midstream & Marketing - Reportable segment

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