UGI Corporation
UGI Corporation, together with its subsidiaries, engages in the distribution, storage, transportation, and marketing of energy products and related services in the United States and internationally. The company operates through four segments: Utilities, Midstream & Marketing, UGI International, and AmeriGas Propane. It distributes propane to approximately 801 million residential, commercial/indus… Read more
UGI Corporation (UGI) - Net Assets
Latest net assets as of December 2025: $5.01 Billion USD
Based on the latest financial reports, UGI Corporation (UGI) has net assets worth $5.01 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.81 Billion) and total liabilities ($10.80 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.01 Billion |
| % of Total Assets | 31.68% |
| Annual Growth Rate | 7.84% |
| 5-Year Change | -13.47% |
| 10-Year Change | 33.13% |
| Growth Volatility | 19.96 |
UGI Corporation - Net Assets Trend (1994–2025)
This chart illustrates how UGI Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for UGI Corporation (1994–2025)
The table below shows the annual net assets of UGI Corporation from 1994 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $4.79 Billion | +9.92% |
| 2024-09-30 | $4.35 Billion | -0.91% |
| 2023-09-30 | $4.39 Billion | -27.66% |
| 2022-09-30 | $6.07 Billion | +9.82% |
| 2021-09-30 | $5.53 Billion | +33.70% |
| 2020-09-30 | $4.14 Billion | +8.10% |
| 2019-09-30 | $3.83 Billion | -6.66% |
| 2018-09-30 | $4.10 Billion | +9.60% |
| 2017-09-30 | $3.74 Billion | +4.06% |
| 2016-09-30 | $3.60 Billion | +0.63% |
| 2015-09-30 | $3.57 Billion | -2.48% |
| 2014-09-30 | $3.66 Billion | +3.25% |
| 2013-09-30 | $3.55 Billion | +7.01% |
| 2012-09-30 | $3.32 Billion | +51.31% |
| 2011-09-30 | $2.19 Billion | +6.28% |
| 2010-09-30 | $2.06 Billion | +13.47% |
| 2009-09-30 | $1.82 Billion | +15.21% |
| 2008-09-30 | $1.58 Billion | +4.15% |
| 2007-09-30 | $1.51 Billion | +25.77% |
| 2006-09-30 | $1.20 Billion | 0.00% |
| 2005-09-30 | $1.20 Billion | +18.90% |
| 2004-09-30 | $1.01 Billion | +59.88% |
| 2003-09-30 | $633.30 Million | +26.21% |
| 2002-09-30 | $501.80 Million | +12.94% |
| 2001-09-30 | $444.30 Million | -7.26% |
| 2000-09-30 | $479.10 Million | 0.00% |
| 1999-09-30 | $479.10 Million | -23.17% |
| 1998-09-30 | $623.60 Million | -7.59% |
| 1997-09-30 | $674.80 Million | -3.21% |
| 1996-09-30 | $697.20 Million | -5.09% |
| 1995-09-30 | $734.60 Million | +59.52% |
| 1994-09-30 | $460.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to UGI Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6649.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.33 Billion | 69.79% |
| Common Stock | $1.71 Billion | 35.78% |
| Other Comprehensive Income | $-173.00 Million | -3.62% |
| Total Equity | $4.78 Billion | 100.00% |
UGI Corporation Competitors by Market Cap
The table below lists competitors of UGI Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Boston Properties Inc
NYSE:BXP
|
$7.78 Billion |
|
Piraeus Bank S.A.
NASDAQ:PIRBF
|
$7.78 Billion |
|
Eastman Chemical Company
NYSE:EMN
|
$7.78 Billion |
|
Brixmor Property Group Inc
F:BXR
|
$7.79 Billion |
|
BAWAG Group AG
PINK:BWAGF
|
$7.78 Billion |
|
Doosan
KO:000150
|
$7.78 Billion |
|
Toppan Inc
PINK:TONPF
|
$7.77 Billion |
|
Blueprint Medicines Corp
NASDAQ:BPMC
|
$7.77 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in UGI Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,345,000,000 to 4,777,000,000, a change of 432,000,000 (9.9%).
- Net income of 678,000,000 contributed positively to equity growth.
- Dividend payments of 322,000,000 reduced retained earnings.
- Share repurchases of 33,000,000 reduced equity.
- New share issuances of 18,000,000 increased equity.
- Other comprehensive income increased equity by 80,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $678.00 Million | +14.19% |
| Dividends Paid | $322.00 Million | -6.74% |
| Share Repurchases | $33.00 Million | -0.69% |
| Share Issuances | $18.00 Million | +0.38% |
| Other Comprehensive Income | $80.00 Million | +1.67% |
| Other Changes | $11.00 Million | +0.23% |
| Total Change | $- | 9.94% |
Book Value vs Market Value Analysis
This analysis compares UGI Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.67x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.56x to 1.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-09-30 | $3.14 | $36.33 | x |
| 1995-09-30 | $2.86 | $36.33 | x |
| 1996-09-30 | $2.76 | $36.33 | x |
| 1997-09-30 | $2.73 | $36.33 | x |
| 1998-09-30 | $2.60 | $36.33 | x |
| 1999-09-30 | $1.87 | $36.33 | x |
| 2000-09-30 | $1.87 | $36.33 | x |
| 2001-09-30 | $2.17 | $36.33 | x |
| 2002-09-30 | $2.08 | $36.33 | x |
| 2003-09-30 | $3.88 | $36.33 | x |
| 2004-09-30 | $5.75 | $36.33 | x |
| 2005-09-30 | $6.29 | $36.33 | x |
| 2006-09-30 | $6.29 | $36.33 | x |
| 2007-09-30 | $8.16 | $36.33 | x |
| 2008-09-30 | $8.71 | $36.33 | x |
| 2009-09-30 | $9.70 | $36.33 | x |
| 2010-09-30 | $11.01 | $36.33 | x |
| 2011-09-30 | $11.67 | $36.33 | x |
| 2012-09-30 | $13.11 | $36.33 | x |
| 2013-09-30 | $14.38 | $36.33 | x |
| 2014-09-30 | $15.17 | $36.33 | x |
| 2015-09-30 | $15.32 | $36.33 | x |
| 2016-09-30 | $16.20 | $36.33 | x |
| 2017-09-30 | $17.86 | $36.33 | x |
| 2018-09-30 | $20.81 | $36.33 | x |
| 2019-09-30 | $21.08 | $36.33 | x |
| 2020-09-30 | $19.67 | $36.33 | x |
| 2021-09-30 | $26.03 | $36.33 | x |
| 2022-09-30 | $28.11 | $36.33 | x |
| 2023-09-30 | $20.91 | $36.33 | x |
| 2024-09-30 | $20.18 | $36.33 | x |
| 2025-09-30 | $21.80 | $36.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently UGI Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.19%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.30%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 3.24x
- Recent ROE (14.19%) is above the historical average (12.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 9.84% | 5.94% | 0.64x | 2.57x | $-750.00K |
| 1995 | -2.02% | -0.96% | 0.41x | 5.21x | $-49.97 Million |
| 1996 | 10.25% | 2.72% | 0.73x | 5.20x | $1.02 Million |
| 1997 | 12.76% | 3.17% | 0.76x | 5.27x | $11.27 Million |
| 1998 | 10.41% | 2.80% | 0.69x | 5.36x | $1.59 Million |
| 1999 | 20.69% | 4.03% | 0.65x | 7.95x | $28.78 Million |
| 2000 | 20.69% | 4.03% | 0.65x | 7.95x | $28.78 Million |
| 2001 | 16.73% | 2.54% | 0.77x | 8.52x | $17.98 Million |
| 2002 | 22.10% | 2.29% | 0.97x | 9.98x | $30.94 Million |
| 2003 | 19.83% | 3.27% | 1.08x | 5.60x | $49.03 Million |
| 2004 | 13.38% | 2.95% | 0.89x | 5.09x | $28.19 Million |
| 2005 | 18.80% | 3.84% | 1.07x | 4.58x | $87.74 Million |
| 2006 | 18.80% | 3.84% | 1.07x | 4.58x | $87.74 Million |
| 2007 | 15.46% | 3.73% | 1.00x | 4.16x | $72.11 Million |
| 2008 | 15.20% | 3.24% | 1.17x | 4.01x | $73.73 Million |
| 2009 | 16.24% | 4.51% | 0.95x | 3.80x | $99.36 Million |
| 2010 | 14.31% | 4.67% | 0.88x | 3.49x | $78.55 Million |
| 2011 | 12.41% | 4.03% | 0.91x | 3.37x | $47.63 Million |
| 2012 | 9.43% | 3.22% | 0.67x | 4.34x | $-12.78 Million |
| 2013 | 11.16% | 3.87% | 0.72x | 4.02x | $28.85 Million |
| 2014 | 12.68% | 4.07% | 0.82x | 3.80x | $71.29 Million |
| 2015 | 10.44% | 4.20% | 0.64x | 3.91x | $11.80 Million |
| 2016 | 12.82% | 6.41% | 0.52x | 3.81x | $80.29 Million |
| 2017 | 13.80% | 7.13% | 0.53x | 3.66x | $120.27 Million |
| 2018 | 19.53% | 9.40% | 0.64x | 3.25x | $350.86 Million |
| 2019 | 6.71% | 3.50% | 0.55x | 3.50x | $-125.70 Million |
| 2020 | 12.89% | 8.11% | 0.47x | 3.39x | $119.20 Million |
| 2021 | 26.57% | 19.70% | 0.45x | 3.03x | $914.80 Million |
| 2022 | 17.69% | 10.62% | 0.58x | 2.90x | $466.40 Million |
| 2023 | -34.25% | -16.82% | 0.58x | 3.51x | $-1.94 Billion |
| 2024 | 6.19% | 3.73% | 0.48x | 3.47x | $-165.50 Million |
| 2025 | 14.19% | 9.30% | 0.47x | 3.24x | $200.30 Million |
Industry Comparison
This section compares UGI Corporation's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $9,591,711,655
- Average return on equity (ROE) among peers: 15.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| UGI Corporation (UGI) | $5.01 Billion | 9.84% | 2.16x | $7.78 Billion |
| APA Group (APAJF) | $3.21 Billion | 8.05% | 4.14x | $6.28 Billion |
| Ascopiave S.p.A (ASCOF) | $409.67 Million | 8.69% | 1.12x | $220.54 Million |
| Atmos Energy Corporation (ATO) | $1.65 Billion | 8.96% | 2.47x | $30.35 Billion |
| Beijing Gas Blue Sky Holdings Limited (BJGBF) | $25.42 Million | 42.17% | 3.14x | $31.34 Million |
| Black Hills Corporation (BKH) | $205.40 Million | 15.77% | 1.48x | $5.29 Billion |
| CF Energy Corp (CGFEF) | $47.11 Million | 14.33% | 1.32x | $2.67 Million |
| China Gas Holdings Limited (CGHOF) | $45.80 Billion | 20.06% | 1.45x | $2.35 Billion |
| Chesapeake Utilities Corporation (CPK) | $561.58 Million | 11.60% | 2.18x | $2.98 Billion |
| China Resources Gas Group Limited (CRGGF) | $31.61 Billion | 14.08% | 1.33x | $2.74 Billion |
| China Suntien Green Energy Corporation Limited (CSGEF) | $12.40 Billion | 10.23% | 2.16x | $894.23 Million |