
What smart money is saying about UGI Corp.
2 funds in our archive have pitched UGI Corp. — most recently FPA Queens Road Small Cap Value Fund in June 2026.
UGI Corporation functions as a comprehensive energy company, actively involved in the distribution, storage, transportation, and marketing of various energy products, alongside offering related services. Its operational footprint extends across both the United States and international markets. The company's diverse activities are structured into four primary segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. Through an expansive network comprising 1,600 distribution points, UGI supplies propane to approximately 1.4 million customers, including residential, commercial/industrial, motor fuel, agricultural, and wholesale clients. In addition to propane, it also distributes liquefied petroleum gases (LPG) to a similarly broad customer base and provides crucial logistics, storage, and support services to third-party LPG distributors. The company is also engaged in the retail sale of natural gas, liquid fuels, and electricity, serving about 12,600 residential and business customers across 42,400 individual locations. Within Pennsylvania, UGI's utility division delivers natural gas to roughly 672,000 customers in the eastern and central regions via an extensive 12,400-mile system of gas mains. It further supplies electricity to approximately 62,500 customers in northeastern Pennsylvania, utilizing 2,600 miles of power lines and 14 substations. UGI's robust infrastructure includes various electricity generation facilities powered by coal, landfill gas, solar, and natural gas. It also operates a natural gas liquefaction, storage, and vaporization complex; facilities for propane storage and propane-air blending; and rail transshipment terminals. Complementing these assets, the company manages natural gas pipeline and storage contracts, while also developing, owning, and operating its own pipelines, gathering infrastructure, and gas storage facilities. UGI Corporation was established in 1991 and is headquartered in King of Prussia, Pennsylvania.
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Position history
Between Q4 2025 and Q2 2026, 1 fund letter reported a position in UGI Corp. — 1 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 1 | 0 | 1 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Fund activity · 1 position · 1 move
- June 2026
“We made significant additions to our holdings in JBT Marel (JBTM) and UGI Corp. (UGI).”
UGI Corp.
Fund coverage · 2 theses
- FPA Queens Road Small Cap Value FundJune 2026
UGI is a regulated gas utility and energy infrastructure business, and the fund likes management’s repositioning and modest valuation.
Read the full thesis - Aristotle Small Mid Cap EquityDecember 2025
UGI Corporation is an energy infrastructure company undergoing a management-led transformation toward stable utilities and midstream assets to drive durable long-term earnings growth.
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