UGI公用事业 2025年度报告

FORM 11-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 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 fromto 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 INDEX TO FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE Report of Independent Registered Public Accounting Firm1Financial Statements:Statements of Net Assets Available for Benefits at December31, 2025 and 20242Statements of Changes in Net Assets Available for Benefits for the years ended December31, 2025 and20243Notes to Financial Statements4Schedule H, Line Item4(i) — Schedule of Assets (Held at End of Year)10Signatures11Exhibit Index12 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 innet assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the UnitedStates of America. 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. federalsecurities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. 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 expressingan opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. 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 usedand significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believethat our audits provide a reasonable basis for our opinion. 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 andaccuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, weevaluated whether the supplemental information, including its form and content, is presented in conformity with the Department ofLabor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In ouropinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. /s/ Wipfli LLP We have served as Plan’s auditor since 2025. Minneapolis, MinnesotaJune24, 2026 UGI UTILITIES, INC.SAVINGS PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS UGI UTILITIES,