Quarterly Data (unaudited)

12 Months Ended

Sep. 30, 2020

Note 22 — Quarterly Data (unaudited)

The following unaudited quarterly data includes adjustments (consisting only of normal recurring adjustments with the exception of those indicated below) that we consider necessary for a fair presentation unless otherwise indicated. Our quarterly results fluctuate primarily because of the seasonal nature of our businesses and the effects of unrealized gains and losses on commodity and certain foreign currency derivative instruments (see Note 19) and other significant discrete items that can affect the comparison of period-over-period results.


	December 31,				March 31,				June 30,				September 30,
	2019		2018 (a)		2020		2019		2020 (b)		2019		2020		2019 (c)
Revenues	$	2,007	$	2,200	$	2,229	$	2,606	$	1,199	$	1,364	$	1,124	$	1,150
Operating income (loss)	$	377	$	168	$	362	$	539	$	174	$	9	$	69	$	(99)



Net income (loss) including noncontrolling interests	$	212	$	89	$	226	$	396	$	84	$	(46)	$	10	$	(131)
Net income (loss) attributable to UGI Corporation	$	212	$	64	$	226	$	246	$	85	$	(2)	$	9	$	(52)
Earnings (loss) per common share attributable to UGI Corporation stockholders:
Basic	$	1.01	$	0.37	$	1.08	$	1.41	$	0.41	$	(0.01)	$	0.05	$	(0.27)
Diluted	$	1.00	$	0.36	$	1.07	$	1.38	$	0.41	$	(0.01)	$	0.05	$	(0.27)
Weighted-average common shares outstanding (thousands):
Basic	209,439		174,413		208,941		174,501		208,598		174,759		208,655		189,905
Diluted	211,258		177,566		209,808		177,318		208,975		174,759		209,357		189,905

(a)Includes loss on extinguishments of debt at UGI International which reduced net income attributable to UGI by $4.

(b)Includes impairment of Conemaugh assets held-for-sale at Midstream & Marketing which reduced net income attributable to UGI by $37 (see Note 5).

(c)Weighted-average common shares outstanding includes the impact from the August 2019 issuance of 34,613 thousand shares of UGI Common Stock in connection with the AmeriGas Merger (see Note 5).