Shares of UGI Corp surged sharply during midday trading after a report indicated that private equity firm KKR \u0026 Co LP had submitted a $9 billion takeover proposal for the utility company, according to sources familiar with the matter. The stock was last up 12% on the day, having experienced a brief trading halt earlier in the session due to significant price volatility.

The Pennsylvania-based utility, which serves approximately 700,000 customers, has seen its shares climb 5% year-to-date in 2026. KKR \u0026 Co LP declined to comment on the report, which was originally published by The Wall Street Journal.

The potential acquisition would represent a substantial premium for shareholders of UGI Corp, reflecting the growing appeal of regulated utility assets among institutional investors seeking stable cash flows. Market participants are now closely watching for any formal confirmation or further details from either party involved in the discussions.