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Revenue from Contracts with Customers
6 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers
Note 4 — Revenue from Contracts with Customers

The Company recognizes revenue when control of promised goods or services is transferred to customers in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. See Note 4 in the Company’s 2023 Annual Report for additional information on our revenues from contracts with customers.
Revenue Disaggregation

The following tables present our disaggregated revenues by reportable segment:
Three Months Ended March 31, 2024 Total  Eliminations
(a)
 Utilities Midstream & Marketing UGI International  AmeriGas Propane  Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential$353 $— $353 $— $— $— $— 
Commercial & Industrial144 — 144 — — — — 
Large delivery service54 — 54 — — — — 
Off-system sales and capacity releases32 (24)56 — — — — 
Other11 — 11 — — — — 
Total Utility594 (24)618 — — — — 
Non-Utility:
LPG:
Retail1,267 — — — 570 697 — 
Wholesale89 — — — 60 29 — 
Energy Marketing311 (38)— 332 17 — — 
Midstream:
Pipeline65 — — 65 — — — 
Peaking(69)— 77 — — — 
Other— — — — — 
Electricity Generation— — — — — 
Other67 — — — 16 51 — 
Total Non-Utility1,817 (107)— 484 663 777 — 
Total revenues from contracts with customers2,411 (131)618 484 663 777 — 
Other revenues (c)56 — 28 (1)10 18 
Total revenues $2,467 $(131)$646 $483 $673 $795 $
Three Months Ended March 31, 2023 Total Eliminations
(a)
 Utilities Midstream & Marketing UGI International  AmeriGas Propane  Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential$424 $— $424 $— $— $— $— 
Commercial & Industrial177 — 177 — — — — 
Large delivery service53 — 53 — — — — 
Off-system sales and capacity releases45 (28)73 — — — — 
Other 16 (1)17 — — — — 
Total Utility715 (29)744 — — — — 
Non-Utility:
LPG:
Retail1,328 — — — 573 755 — 
Wholesale109 — — — 64 45 — 
Energy Marketing740 (39)— 498 281 — — 
Midstream:
Pipeline66 — — 66 — — — 
Peaking10 (58)— 68 — — — 
Other— — — — — 
Electricity Generation— — — — — 
Other67 — — — 20 47 — 
Total Non-Utility2,326 (97)— 638 938 847 — 
Total revenues from contracts with customers3,041 (126)744 638 938 847 — 
Other revenues (c)65 (2)30 — 10 20 
Total revenues$3,106 $(128)$774 $638 $948 $867 $
Six Months Ended March 31, 2024 Total Eliminations
(a)
 Utilities Midstream & Marketing UGI International  AmeriGas Propane  Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential$635 $— $635 $— $— $— $— 
Commercial & Industrial252 — 252 — — — — 
Large delivery service103 — 103 — — — — 
Off-system sales and capacity releases53 (36)89 — — — — 
Other20 — 20 — — — — 
Total Utility1,063 (36)1,099 — — — — 
Non-Utility:
LPG:
Retail2,324 — — — 1,094 1,230 — 
Wholesale160 — — — 109 51 — 
Energy Marketing (b)
638 (64)— 604 140 — (42)
Midstream:
Pipeline130 — — 130 — — — 
Peaking11 (111)— 122 — — — 
Other— — — — — 
Electricity Generation14 — — 14 — — — 
Other138 — — — 35 103 — 
Total Non-Utility3,422 (175)— 877 1,378 1,384 (42)
Total revenues from contracts with customers4,485 (211)1,099 877 1,378 1,384 (42)
Other revenues (c)
103 — 40 — 20 40 
Total revenues$4,588 $(211)$1,139 $877 $1,398 $1,424 $(39)
Six Months Ended March 31, 2023 Total Eliminations
(a)
 Utilities Midstream & Marketing UGI International  AmeriGas Propane  Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential$760 $— $760 $— $— $— $— 
Commercial & Industrial309 — 309 — — — — 
Large delivery service100 — 100 — — — — 
Off-system sales and capacity releases77 (61)138 — — — — 
Other26 (1)27 — — — — 
Total Utility1,272 (62)1,334 — — — — 
Non-Utility:
LPG:
Retail2,444 — — — 1,055 1,389 — 
Wholesale211 — — — 115 96 — 
Energy Marketing1,518 (116)— 1,035 599 — — 
Midstream:
Pipeline131 — — 131 — — — 
Peaking27 (97)— 124 — — — 
Other— — — — — 
Electricity Generation10 — — 10 — — — 
Other142 — — — 38 104 — 
Total Non-Utility4,490 (213)— 1,307 1,807 1,589 — 
Total revenues from contracts with customers5,762 (275)1,334 1,307 1,807 1,589 — 
Other revenues (c)
103 (2)32 — 18 44 11 
Total revenues$5,865 $(277)$1,366 $1,307 $1,825 $1,633 $11 

(a)Includes intersegment revenues principally among Midstream & Marketing, and Utilities.
(b)Corporate & Other includes reduction of revenues of $42 associated with the early termination of certain DVEP customer contracts. See Note 5 for additional information.
(c)Primarily represents (1) revenues from tank rentals at AmeriGas Propane and UGI International; (2) revenues from certain gathering assets at Midstream & Marketing; (3) revenues from alternative revenue programs at Utilities, including the weather normalization adjustment rider beginning on November 1, 2022 for PA Gas Utility; and (4) gains and losses on commodity derivative instruments not associated with current-period transactions reflected in Corporate & Other, none of which are within the scope of ASC 606 and are accounted for in accordance with other GAAP.

Contract Balances
The timing of revenue recognition may differ from the timing of invoicing to customers or cash receipts. Contract assets represent our right to consideration after the performance obligations have been satisfied when such right is conditioned on something other than the passage of time. Contract assets were not material for all periods presented. Substantially all of our receivables are unconditional rights to consideration and are included in “Accounts receivable” and, in the case of Utilities, “Accrued utility revenues” on the Condensed Consolidated Balance Sheets. Amounts billed are generally due within the following month.
Contract liabilities arise when payment from a customer is received before the performance obligations have been satisfied and represent the Company’s obligations to transfer goods or services to a customer for which we have received consideration. The balances of contract liabilities were $126, $158 and $126 at March 31, 2024, September 30, 2023 and March 31, 2023, respectively, and are included in “Other current liabilities” and “Other noncurrent liabilities” on the Condensed Consolidated
Balance Sheets. Revenues recognized for the six months ended March 31, 2024 and 2023, from the amounts included in contract liabilities at September 30, 2023 and 2022, were $114 and $119, respectively.

Remaining Performance Obligations
The Company excludes disclosures related to the aggregate amount of the transaction price allocated to certain performance obligations that are unsatisfied as of the end of the reporting period because these contracts have an initial expected term of one year or less, or we have a right to bill the customer in an amount that corresponds directly with the value of services provided to the customer to date. Certain contracts with customers at Midstream & Marketing and Utilities contain minimum future performance obligations through 2047 and 2053, respectively. At March 31, 2024, Midstream & Marketing and Utilities expect to record approximately $2.3 billion and $0.2 billion of revenues, respectively, related to the minimum future performance obligations over the remaining terms of the related contracts.