UGI fixes control weakness, sells Electric Utility for $470M, exits multiple LPG markets

Filed May 7, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~1 min read

Key Changes

• high

  Material weakness in financial controls remediated; management now certifies disclosure controls effective after fixing goodwill impairment testing procedures with third-party specialists.

  Controls & Procedures verify on EDGAR →
• high

  Electric Utility sale agreed for $470M (2,700 miles of lines, 14 substations in PA); gain expected at Q2 FY2027 close, pending regulatory approval.

  MD&A: Electric Utility Divestiture verify on EDGAR →
• high

  Exiting non-core LPG markets: sold Romania, Austria, UK operations; agreed to divest Czech, Hungary, Poland, Slovakia businesses. Recognized $64M impairment, $35M net gains.

  MD&A: Global LPG Portfolio verify on EDGAR →