|Traded as||NYSE: UGI|
S&P 400 component
|Marvin O. Schlanger, Chairperson|
John L. Walsh, President & CEO
Ted J. Jastrzebski, CFO
|Revenue||$7.651 billion (2018)|
|$0.718 billion (2018)|
|Total assets||$11.980 billion (2018)|
|Total equity||$3.681 billion (2018)|
Number of employees
|Footnotes / references|
UGI Corporation (formerly United Gas Improvement Co.) is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
UGI was incorporated in 1882 as United Gas Improvement Co.
In October 1964, Industrial Gases, Inc., of Pittsburgh, Pennsylvania, filed an antitrust suit in United States district court charging the company with attempting to eliminate competition in sales of bottled propane gas in Pittsburgh. The Philadelphia Gas Works division of UGI challenged a ruling of the Federal Power Commission. The FPC lowered the maximum price that natural gas producers could charge to $0.16 per 1,000 cubic feet (28 m3) of gas. This mandate was upheld by the Supreme Court of the United States in May 1968.
On August 1, 2019, the company acquired Columbia Midstream Group for approximately $1.275 billion.
- "UGI Corporation 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- "United Gas Improvement: What the Company Did Last Year". The Wall Street Journal. April 17, 1903 – via Newspapers.com.
- "United Gas Improvement: Important Suit Involving United Electric". The Wall Street Journal. October 8, 1904 – via Newspapers.com.
- "Gold Bonds offered by United Electric Company of New Jersey". The New York Times. January 1, 1910 – via Newspapers.com.
- "Leased By Public Service: United Electric Company to be Taken Over for a Term of 999 Years". The New York Times. June 30, 1907 – via Newspapers.com.
- Pittsburgh Firm Sues United Gas Improvement On Antitrust Charges, Wall Street Journal, October 7, 1964, p. 18.
- FPC Steps To Regulate Natural Gas Rates Are Approved in full by the Supreme Court, Wall Street Journal, May 7, 1968, pg. 4.
- UGI Corp., The Wall Street Journal, November 15, 1968, p. 35.
- United Gas Improvement Proposes Name Change, The Wall Street Journal, February 28, 1968, p. 25.
- "AmeriGas to acquire Petrolane stake by August". United Press International. May 18, 1993.
- Hagerty, James R. (May 11, 1999). "Georgia-Pacific Bids $851 Million To Snatch Unisource from UGI". The Wall Street Journal.
- "UGI announces that Lon R. Greenberg will retire as Chief Executive Officer effective April 1, 2013" (Press release). Business Wire. March 5, 2013.
- "UGI Completes Acquisition of Total LPG Distribution Business in France" (Press release). Business Wire. May 29, 2015.
- "UGI Corporation Acquires Totalgaz Italia S.r.l." (Press release). Business Wire. October 5, 2017.
- "UGI Energy Services Acquires South Jersey Energy's Retail Natural Gas Business" (Press release). Business Wire. December 3, 2018.
- "UGI Subsidiary Completes Acquisition of Columbia Midstream Group, LLC" (Press release). Business Wire. August 1, 2019.
- "UGI and AmeriGas Partners, L.P. Complete Merger Transaction" (Press release). Business Wire. August 21, 2019.
- Official website
- Business data for UGI Corporation: