UGI公用事业 2025年度报告

FORM 11-K (Mark One) For the fiscal year ended December31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period from Commission file number: 001-11071 A.Full title of the plan and the address of the plan, if different from that of the issuer named below: UGI UTILITIES, INC. SAVINGS PLANONE UGI DRIVEDENVER, PA 17517 B.Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: UGI CORPORATION500 NORTH GULPH ROADKING OF PRUSSIA, PENNSYLVANIA 19406 Report of Independent Registered Public Accounting Firm Financial Statements: Schedule H, Line Item4(i) — Schedule of Assets (Held at End of Year)10 Signatures Exhibit Index REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the UGI Utilities, Inc. Savings PlanPlan Administrator and Plan Participants Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of UGI Utilities, Inc. Savings Plan (the “Plan”) as ofDecember 31, 2025 and 2024, and the related statements of changes in net assets available for benefits for the years then ended, andthe related notes and schedule (collectively referred to as the financial statements). In our opinion, the financial statements presentfairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in Basis for Opinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’sfinancial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting OversightBoard (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the auditto obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part ofour audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due toerror or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidenceregarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used Supplemental Information The Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2025, has been subjected to audit proceduresperformed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of thePlan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financialstatements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and /s/ Wipfli LLP We have served as Plan’s auditor since 2025. Minneapolis, MinnesotaJune24, 2026 UGI UTILITIES, INC.SAVINGS PLAN UGI UTILITIES, INC.SAVINGS PLAN 1.Description of the Plan The following description of the UGI Utilities, Inc. Savings Plan (the “Plan”) is provided for general information purposes only.Unless otherwise noted, such description provides general information on the provisions of the Plan on December31, 2025 and 2024 General. The Plan is a defined contribution plan covering employees of UGI Utilities, Inc. and its subsidiaries (collectively, “UGIUtilities”), its holding company parent, UGI Corporation (“UGI”), and certain affiliated companies (collectively, the “Employers”).Employees of the Employers are eligible upon hire to participate in the Plan. The Plan is subject to the provisions of the EmployeeRetirement Income Security Act of 1974, as amended (“ERISA”). The Plan is administered by the UGI Corporation Retirement Plan Contributions.Generally, a participant may elect to contribute to the Plan in an amount ranging from 1% to 50%, in wholepercentages, of eligible compensation on a before-tax basis, on an after-tax basis to a Roth 401(k), or a combination of both. After-taxbasis contributions, including Roth 401(k) contributions, are not to exceed 30% of the participant's total deferral of eligiblecompensation, provided that the combination of before-tax and after-tax contributions does not exceed 50% of eligible compensation.Calendar year contribution amounts are subject to limits prescribed by the Internal Revenue Code (“IRC”) and the Plan. For the 2025and 2024 Plan Years, the IR