Gaseous emissions from in-house storage of liquid animal manure remain a major contributor to the environmental impact of manure management. Our aim was to assess the life cycle environmental consequences and reduction potential of segregating fattening pig urine and feces with an innovative V-belt system and to compare it to conventional liquid manure management, that is, the reference. Moreover, we aimed at analyzing the uncertainty of the outcomes related to applied emission factors. We compared a reference with two scenarios: segregation with solid, aerobically, stored feces and with liquid, anaerobically, stored feces. Results showed that, compared to the reference, segregation reduced climate change (CC) up to 82%, due to lower methane emission, reduced terrestrial acidification (TA) and particulate matter formation (PMF) up to 49%, through lower ammonia emission, but increased marine eutrophication up to 11% through nitrogen oxide emission from storage and nitrate leaching after field application. Fossil fuel depletion did not change. Segregation with liquid feces revealed lower environmental impact than segregation with solid feces. Uncertainty analysis supported the conclusion that segregating fattening pig urine and feces significantly reduced CC and additionally segregation with liquid feces significantly reduced TA and PMF compared to the reference.