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Debt (Tables)
 12 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Credit Facilities and Short-term Borrowings
Information about the Company’s principal credit agreements (excluding the Energy Services Receivables Facility, which is discussed below) as of September 30, 2023 and 2022, is presented in the following table. Borrowings on these credit agreements bear interest at rates indexed to short-term market rates. Borrowings outstanding under these agreements (other than the 2021 UGI Corporation Senior Credit Facility) are classified as “Short-term borrowings” on the Consolidated Balance Sheets.
Expiration DateTotal CapacityBorrowings OutstandingLetters of Credit and Guarantees OutstandingAvailable Borrowing CapacityWeighted Average Interest Rate - End of Year
September 30, 2023
AmeriGas OLP (a)September 2026$600 $— $2 $598 N.A.
UGI International, LLC (b)March 2028€500 €202 €— €298 5.17 %
Energy Services (c)March 2025$260 $57 $— $203 7.67 %
UGI Utilities (d)June 2024$425 $248 $— $177 6.30 %
Mountaineer (e)November 2024$150 $84 $— $66 6.68 %
UGI Corporation (f)May 2025$300 $283 $— $17 7.80 %
September 30, 2022
AmeriGas OLP (a)September 2026$600 $131 $2 $467 7.27 %
UGI International, LLC (b)October 2023€300 €— €— €300 N.A.
Energy Services (c)March 2025$260 $— $— $260 N.A.
UGI Utilities (d)June 2024$350 $151 $— $199 4.37 %
Mountaineer (e)November 2024$100 $85 $— $15 3.82 %
UGI Corporation (f)August 2024$300 $252 $— $48 5.62 %
(a)At September 30, 2023 and 2022 the 2022 AmeriGas OLP Credit Agreement includes a $100 sublimit for letters of credit.
(b)The UGI International 2023 Credit Facilities Agreement and the previous UGI International Credit Facilities Agreement permits borrowings in euros or USD.
(c)The Energy Services Credit Agreement includes a $50 sublimit for letters of credit and is guaranteed by certain subsidiaries of Energy Services.
(d)The UGI Utilities Credit Agreement includes a $100 sublimit for letters of credit. On November 9, 2023, UGI Utilities entered into the UGI Utilities 2023 Credit Agreement and concurrently terminated the UGI Utilities Credit Agreement, a predecessor agreement. See Significant Financing Activities above and Note 6 for additional information. See Significant Financing Activities Since September 30, 2022 above for additional information.
(e)The Mountaineer 2023 Credit Agreements includes a $20 sublimit for letters of credit.
(f)At September 30, 2023 and 2022, management intended to maintain a substantial portion of amounts outstanding under the UGI Corporation Senior Credit Facility beyond twelve months from the respective balance sheet dates. As such, borrowings outstanding are classified as “Long-term debt” on the Consolidated Balance Sheets. Subsequent to September 30, 2022, the Company repaid $87 of such borrowings and classified these repayments as “Current maturities of long-term debt” on the Consolidated Balance Sheets. The UGI Corporation Senior Credit Facility includes a $10 sublimit for letters of credit.
N.A. - Not applicable
Schedule of Receivables Facility
Information regarding the amounts of trade receivables transferred to ESFC and the amounts sold to the bank are as follows:
202320222021
Trade receivables transferred to ESFC during the year$1,946 $2,221 $1,353 
ESFC trade receivables sold to the bank during the year$535 $152 $308 
ESFC trade receivables - end of year (a)$62 $101 $61 
(a)At September 30, 2023, the amounts of ESFC trade receivables sold to the bank was $46, and is reflected as “Short-term borrowings” on the Consolidated Balance Sheets. At September 30, 2022 there were no ESFC trade receivables sold to the bank.
Schedule of Long-term Debt Instruments
Long-term debt comprises the following at September 30:
20232022
AmeriGas Propane:  
AmeriGas Partners Senior Notes:  
   5.50% due May 2025
$700 $700 
   5.875% due August 2026
675 675 
   5.625% due May 2024
— 675 
   5.75% due May 2027
525 525 
   9.375% due May 2028
500 — 
Unamortized debt issuance costs(15)(12)
Total AmeriGas Propane2,385 2,563 
UGI International:  
2.50% Senior Notes due December 2029
424 392 
UGI International, LLC variable-rate term loan due March 2028 (a)317 — 
UGI International, LLC variable-rate term loan due October 2023 (b)— 294 
Other6 2 
Unamortized debt issuance costs(8)(6)
Total UGI International739 682 
Midstream & Marketing:
Energy Services variable-rate term loan due through February 2030 (c)794 677 
Other 41 40 
Unamortized discount and debt issuance costs(15)(7)
Total Energy Services820 710 
Utilities:  
UGI Utilities Senior Notes:
4.12% due September 2046
200 200 
4.98% due March 2044
175 175 
3.12% due April 2050
150 150 
4.55% due February 2049
150 150 
4.12% due October 2046
100 100 
6.21% due September 2036
100 100 
2.95% due June 2026
100 100 
1.59% due June 2026
100 100 
1.64% due September 2026
75 75 
4.75% due July 2032
90 90 
4.99% due September 2052
85 85 
UGI Utilities Medium-Term Notes:
6.13% due October 2034
20 20 
6.50% due August 2033
20 20 
Mountaineer senior notes (d)199 201 
UGI Utilities variable-rate term loan due through July 2027 (e)89 95 
Other2 1 
Unamortized debt issuance costs(6)(6)
Total Utilities1,649 1,656 
UGI Corporation:
UGI Corporation Credit Facilities:
UGI Corporation revolving credit facility maturing May 2025 (f)283 252 
UGI Corporation variable-rate term loan due May 2025 (g)300 300 
UGI Corporation variable-rate term loan due through May 2025 (h)212 250 
UGI Corporation variable-rate term loan due May 2025 (i)215 215 
Unamortized debt issuance costs(3)(2)
Total UGI Corporation1,007 1,015 
Other— 6 
Total long-term debt6,600 6,632 
Less: current maturities(57)(149)
Total long-term debt due after one year$6,543 $6,483 
(a)At September 30, 2023, the effective interest rate on the term loan was 4.95%. We have entered into pay-fixed, receive-variable interest rate swaps that fix the underlying variable rate at 3.10% through March 2026.
(b)At September 30, 2022, the effective interest rate on the term loan was 1.89%. The term loan was repaid in full and terminated concurrently with the execution of the UGI International 2023 Credit Facilities Agreement.
(c)At September 30, 2023 and 2022, the effective interest rates on the term loan were 7.82% and 5.13%, respectively. We have entered into a pay-fixed, receive-variable interest rate swap to effectively fix the underlying variable rate at 4.53% on these borrowings through September 2026. Term loan borrowings are due in equal quarterly installments of $2, with the balance of the principal being due in full at maturity. Under certain circumstances, Energy Services is required to make additional principal payments if the consolidated total leverage ratio, as defined, is greater than defined thresholds. This term loan is collateralized by substantially all of the assets of Energy Services, subject to certain exceptions and carveouts including, but not limited to, accounts receivable and certain real property.
(d)Total long-term debt at September 30, 2023 and 2022, comprises $180 principal amount of Mountaineer senior secured notes plus unamortized premium of $19 and $21 for September 30, 2023 and 2022, respectively. The face interest rates on the Mountaineer senior notes range from 3.50% to 4.49%, with maturities ranging from 2027 to 2052.
(e)At September 30, 2023 and 2022, the effective interest rate on this term loan was 3.92%. We have entered into a pay-fixed, receive-variable interest rate swap to effectively fix the underlying variable rate at approximately 2.82% on a portion of these borrowings through June 2026. Term loan borrowings are due in equal quarterly installments of $2, with the balance of the principal being due in full at maturity.
(f)At September 30, 2023 and 2022, the effective interest rates on credit facility borrowings were 7.80% and 5.61%, respectively.
(g)At September 30, 2023 and 2022, the effective interest rates on the term loan were 2.77% and 2.67%, respectively. We have entered into pay-fixed, receive-variable interest rate swaps to effectively fix the underlying variable rate at approximately 0.70% on these borrowings through September 2024.
(h)At September 30, 2023 and 2022, the effective interest rates on the term loan were 7.79% and 4.15%, respectively. Term loan borrowings are due in equal quarterly installments of $9, commencing December 2022, which the balance of the principal being due in full at maturity.
(i)At September 30, 2023 and 2022, the effective interest rates on the term loan were 4.73% and 3.53%, respectively. We have entered into pay-fixed, receive-variable interest rate swaps to effectively fix the underlying variable rate at approximately 0.70% on a portion of these borrowings through September 2024.
Schedule of Principal Repayments of Long-term Debt
Scheduled principal repayments of long-term debt for each of the next five fiscal years ending September 30 are as follows:
20242025202620272028
AmeriGas Propane$— $700 $675 $525 $500 
UGI International1 — — — 317 
Midstream & Marketing12 8 8 8 8 
Utilities6 6 281 70 40 
UGI Corporation38 973 — — — 
Total$57 $1,687 $964 $603 $865