Edwyn
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7,447 | $10,106 | $8,928 | $7,210 | $7,287 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $2,350 | $1,666 | -$1,444 | $770 | $1,107 |
| Net Income | $1,467 | $1,073 | -$1,502 | $269 | $678 |
Over the five-year period, UGI CORP’s revenue experienced notable volatility. Revenue increased from US$7.45 billion in 2021 to a peak of US$10.11 billion in 2022—an approximate 36% growth—before declining to US$8.93 billion in 2023 and further dropping to US$7.21 billion in 2024, with a slight recovery to US$7.29 billion in 2025. The absence of gross profit data limits insights on cost margins; however, the revenue swings point to potential shifts in market demand or pricing pressures, which are not uncommon in the utilities and energy sectors where macroeconomic factors and regulatory dynamics play key roles. Operating income and net income trends underscore significant year-over-year fluctuations. In 2021, operating income stood at US$2.35 billion with a net income of US$1.47 billion, but by 2022 these figures declined to US$1.67 billion and US$1.07 billion respectively—indicating margins may have been squeezed despite higher revenue. The downturn deepened in 2023, when operating income turned negative at –US$1.44 billion and net losses reached –US$1.50 billion, reflecting a severe disruption exceeding a 200% swing from prior positive earnings. Recovery began in 2024 and continued through 2025, with operating income rebounding to US$770 million and US$1.11 billion, and net income climbing to US$269 million and US$678 million respectively. Overall, while the turnaround in recent years is encouraging, the dramatic 2023 losses point to areas that require closer operational scrutiny. Maintaining effective cost controls and adapting to industry challenges will be vital for the company’s long-term financial sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.