884614--11/19/2010--UGI_CORP

related topics

{condition, economic, financial}

{cost, regulation, environmental}

{customer, product, revenue}

{competitive, industry, competition}

{gas, price, oil}

{operation, natural, condition}

{capital, credit, financial}

{system, service, information}

{acquisition, growth, future}

{cost, contract, operation}

{operation, international, foreign}

{loss, insurance, financial}

Energy efficiency and technology advances, as well as price induced customer conservation, may result in reduced demand for our energy products and services. Volatility in credit and capital markets may restrict our ability to grow, increase the likelihood of defaults by our customers and counterparties and adversely affect our operating results. The economic recession, volatility in the stock market and the low interest rate environment may negatively impact our pension liability. Supplier defaults may have a negative effect on our operating results. We are dependent on our principal propane suppliers, which increases the risks from an interruption in supply and transportation. Changes in commodity market prices may have a negative effect on our liquidity. Our operations may be adversely affected by competition from other energy sources. Our ability to increase revenues is adversely affected by the maturity of the retail LPG industry. Our ability to grow our businesses will be adversely affected if we are not successful in making acquisitions or integrating the acquisitions we have made. Expanding our midstream asset business by constructing new facilities subjects us to risks. Our need to comply with comprehensive, complex, and sometimes unpredictable government regulations may increase our costs and limit our revenue growth, which may result in reduced earnings. Regulators may not allow timely recovery of costs for UGI Utilities in the future, which may adversely affect our results of operations. Our operations, capital expenditures and financial results may be affected by regulatory changes and/or market responses to global climate change. We are subject to operating and litigation risks that may not be covered by insurance. We may be unable to respond effectively to competition, which may adversely affect our operating results. Our net income will decrease if we are required to incur additional costs to comply with new governmental safety, health, transportation, tax and environmental regulations. Our international operations could result in increased risks which may negatively affect our business results. Unforeseen difficulties with the implementation or operation of our information systems could adversely affect our internal controls and our businesses.

Full 10-K form ▸

884614--11/19/2010--UGI_CORP_/PA/