KKR makes $9 billion takeover bid for energy distributor UGI, WSJ reports

UGI Corporation (NYSE:UGI) rose 9.4% to $38.39 after The Wall Street Journal reported a $9 billion acquisition offer from KKR & Co. (NYSE:KKR) at $42.50 per share, a 21.1% premium over Monday's close. UGI, which operates in energy distribution and utilities, did not confirm the offer. The company reaffirmed its fiscal 2026 EPS guidance of $2.75-$2.90, and the reported bid values it at around 15 times the midpoint of that range. UGI is also involved in AI data center projects, partnering with Pri

KKR offered $9B to acquire UGI Corp., valuing it at $42.50 per share, a 21.1% premium. UGI shares rose 11%, while KKR's stock fell 1.3%. The deal reflects growing demand for energy infrastructure, driven by AI data centers and other large power users.

KKR reportedly bid $9B for UGI Corporation, a utility holding company with significant Marcellus midstream assets in NEPA, according to Wall Street rumors. The deal, if confirmed, would impact UGI's stake in regional energy infrastructure.

Two utility stocks, York Water (YORW) and UGI (UGI), are flagged as overbought with RSI values of 71.5 and 78.7, respectively. YORW posted strong Q2 earnings, while UGI received a takeover bid from KKR (KKR) for $9 billion. YORW shares rose 0.9% to $33.36, and UGI gained 9.4% to $38.39 on Tuesday.

UGI Corp shares rose after a Wall Street Journal report said KKR made a $9 billion takeover offer. The bid was reported at $42.50 per share. UGI stock was halted for a volatility pause at $37.20, up about 6%, after trading near $35 before the report.

UGI’s Q3 2026 call discussed a pending Pennsylvania PUC settlement allowing a two-step $65 million rate increase, with $40 million effective Oct 2026 and $25 million in Oct 2027, plus a stay-out provision through Jan 2029. UGI reported Q3 total reportable segment EBIT of $58 million vs $72 million prior year, with Utilities up $10 million and AmeriGas down $25 million.