Segment Information

9 Months Ended

Jun. 30, 2011

Segment Information [Abstract]

Segment Information

4. Segment Information

We have determined that we have two reportable segments: (1) Gas Utility and (2) Electric Utility. Gas Utility revenues are derived principally from the sale and distribution of natural gas to customers in eastern, northeastern and central Pennsylvania. Electric Utility derives its revenues principally from the sale and distribution of electricity in two northeastern Pennsylvania counties. UGI Penn HVAC Services, Inc. does not meet the quantitative thresholds for separate segment reporting under GAAP relating to business segment reporting and has been included in “Other.”

The accounting policies of our reportable segments are the same as those described in Note 2 of the Company’s 2010 Annual Financial Statements and Notes. We evaluate the performance of our Gas Utility and Electric Utility segments principally based upon their income before income taxes.

No single customer represents more than ten percent of our consolidated revenues and there are no significant intersegment transactions. In addition, all of our reportable segments’ revenues are derived from sources within the United States and all of our reportable segments’ long-lived assets are located in the United States.

Financial information by business segment follows:

Three Months Ended June 30, 2011:

			Reportable Segments
			Gas		Electric
	Total		Utility		Utility		Other
Revenues	$	172,714	$	148,104	$	24,022	$	588
Cost of sales	$	93,383	$	78,811	$	14,572	$	—
Depreciation and amortization	$	12,689	$	11,596	$	1,093	$	—
Operating income	$	19,486	$	17,171	$	2,432	$	(117	)
Interest expense	$	10,518	$	9,852	$	666	$	—
Income before income taxes	$	8,968	$	7,319	$	1,766	$	(117	)
Total assets (at period end)	$	2,158,564	$	2,002,033	$	156,531	$	—
Goodwill (at period end)	$	180,145	$	180,145	$	—	$	—
Capital expenditures	$	21,932	$	20,902	$	1,030	$	—

Three Months Ended June 30, 2010:

			Reportable Segments
			Gas		Electric
	Total		Utility		Utility		Other
Revenues	$	175,021	$	149,043	$	25,377	$	601
Cost of sales	$	98,864	$	83,050	$	15,814	$	—
Depreciation and amortization	$	13,437	$	12,445	$	992	$	—
Operating income	$	16,379	$	13,733	$	2,666	$	(20	)
Interest expense	$	10,481	$	9,994	$	487	$	—
Income before income taxes	$	5,898	$	3,739	$	2,179	$	(20	)
Total assets (at period end)	$	1,949,854	$	1,829,427	$	120,427	$	—
Goodwill (at period end)	$	180,145	$	180,145	$	—	$	—
Capital expenditures	$	18,314	$	16,043	$	2,271	$	—

Nine Months Ended June 30, 2011:

			Reportable Segments
			Gas		Electric
	Total		Utility		Utility		Other
Revenues	$	1,007,695	$	921,655	$	84,673	$	1,367
Cost of sales	$	615,645	$	562,251	$	53,394	$	—
Depreciation and amortization	$	39,243	$	36,126	$	3,117	$	—
Operating income	$	202,475	$	193,206	$	9,025	$	244
Interest expense	$	31,960	$	30,202	$	1,758	$	—
Income before income taxes	$	170,515	$	163,004	$	7,267	$	244
Total assets (at period end)	$	2,158,564	$	2,002,033	$	156,531	$	—
Goodwill (at period end)	$	180,145	$	180,145	$	—	$	—
Capital expenditures	$	59,590	$	54,453	$	5,137	$	—

Nine Months Ended June 30, 2010:

			Reportable Segments
			Gas		Electric
	Total		Utility		Utility		Other
Revenues	$	1,014,497	$	922,247	$	90,929	$	1,321
Cost of sales	$	642,252	$	584,243	$	58,009	$	—
Depreciation and amortization	$	39,934	$	36,960	$	2,974	$	—
Operating income	$	179,989	$	168,573	$	11,118	$	298
Interest expense	$	31,842	$	30,498	$	1,344	$	—
Income before income taxes	$	148,147	$	138,075	$	9,774	$	298
Total assets (at period end)	$	1,949,854	$	1,829,427	$	120,427	$	—
Goodwill (at period end)	$	180,145	$	180,145	$	—	$	—
Capital expenditures	$	44,484	$	40,582	$	3,902	$	—