VALLEY FORGE, PA and NEW YORK, NY (April 28, 2026)

UGI Utilities, Inc. (UGI Utilities), a wholly owned subsidiary of UGI Corporation (NYSE: UGI), today announced a definitive agreement to sell its Electric Division to funds managed by Argo Infrastructure Partners LP (Argo), a well-established mid-market manager of essential infrastructure and utility assets.

To view the full announcement, including downloadable images, bios, and more, click here.

• Sharpens UGI's focus on its core natural gas business while placingElectric Division customers and employees into the hands of Argo, a committedand experienced infrastructure operator with deep experience supportingregulated utilities
• Marks Argo’s 20th investment, and 4th utilityinvestment in Pennsylvania, bringing expanded capital investment and long-terminfrastructure management experience to a growing region within the Commonwealth

Click image above to view full announcement.

About UGI Utilities, Inc.UGI Utilities, Inc. is a natural gas and electric utility company that serves more than 760,000 customers throughout Pennsylvania and Maryland. Additional information about UGI Utilities, Inc. is available at www.ugi.com. Argo Infrastructure PartnersArgo Infrastructure Partners LP, founded by Jason Zibarras, is an independent fund manager with a long-term approach to infrastructure investing. Argo invests in high-quality mid-market infrastructure businesses and assets that provide essential services to their communities over their long operational lives, including investments in utilities, renewable energy, digital infrastructure, and other long duration infrastructure assets. Argo’s investment philosophy couples sound investment return with responsible and sustainable investing. As of March 2026, Argo manages over $7.5 billion in assets. For more information, visit www.argoip.com. About UGI CorporationUGI Corporation (NYSE: UGI) is a distributor and marketer of energy products and services in the U.S. and Europe. UGI offers safe, reliable, affordable, and sustainable energy solutions to customers through its subsidiaries, which provide natural gas transmission and distribution, electric generation and distribution, midstream services, propane distribution, renewable natural gas generation, distribution and marketing, and energy marketing services. https://www.ugicorp.com.

John Mason
(610) 334-7135
jmason@ugi.com

Source: UGI Utilities

Distributed by: Reportable, Inc.

This contant was orignally distributed by Reportable. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is UGI Utilities and Argo Infrastructure Partners Reach Agreement on Purchase and Sale of UGI’s PA Electric Utility.