Welcome to our dedicated page for Ferrellgas Part news (Ticker: FGPR), a resource for investors and traders seeking the latest updates and insights on Ferrellgas Part stock.
Ferrellgas Partners, L.P. (FGPR) delivers essential propane solutions through its nationwide network and industry-leading Blue Rhino exchange program. This page serves as the definitive source for verified corporate updates, offering stakeholders timely access to operational developments and strategic initiatives.
Investors and industry observers will find curated financial filings, safety program enhancements, and partnership announcements. Our aggregation includes earnings reports, regulatory disclosures, and community impact initiatives – all critical for understanding this employee-owned company's market position.
Key coverage areas include propane distribution innovations, gas safety education efforts, and logistics network expansions. Regular updates on Blue Rhino's retail partnerships and commercial propane applications provide insights into FGPR's operational health and industry leadership.
Bookmark this page for structured access to Ferrellgas' official communications, maintained with neutral analysis to support informed decision-making. Check regularly for updates reflecting the company's commitment to safe, reliable energy distribution across residential and commercial markets.
Ferrellgas Partners (OTC: FGPR) has been recognized as one of the Most Trustworthy Companies in America 2025 by Newsweek, marking their second time receiving this distinction. The recognition stems from an extensive survey of approximately 25,000 Americans, evaluating customer, investor, and employee trust, along with social media sentiment.
As one of the few propane companies to receive this honor, Ferrellgas was listed among 700 companies across 23 industries. The company secured its position in the Energy & Utilities category, joining 40 other recipients. President and CEO Tamria Zertuche attributed this achievement to the dedication of their employee-owners and their commitment to prioritizing customer service.
Ferrellgas Partners (OTC: FGPR) announced that Chief Financial Officer and Treasurer Michael E. Cole will retire effective May 2, 2025. The company, a technology-enabled logistics and nationwide propane distribution business, will continue its relationship with Moelis & Company to advise on financial strategies while searching for a new CFO.
CEO Tamria Zertuche praised Cole's decades of experience in finance and energy sectors, highlighting his contributions to the company's Finance and Accounting team development, including strengthening FP&A, Treasury, and Investor Relations functions. Cole's tenure was marked by his impact on key stakeholders and maintaining an employee-owner mindset essential to the company's success.
Ferrellgas Partners (OTC: FGPR) reported its Q2 FY2025 results with notable improvements in financial performance. Net earnings reached $98.8 million, up from $95.8 million in the prior year. Gross profit increased by $19.1 million (6.0%), driven by a 10% revenue increase to $59.9 million.
The company saw a 6% increase in gallons sold, with wholesale gallons up 20% and retail gallons up 1%. Adjusted EBITDA grew by $10.1 million (7%) to $157.0 million. The quarter experienced varying weather conditions, being 1.5% cooler than normal and 5.1% cooler than the prior year.
Blue Rhino, the company's tank exchange business, achieved record January sales and 14% organic growth. The company also settled the Eddystone litigation for $125.0 million, with $50.0 million paid in January 2025 and two additional payments of $37.5 million scheduled.
Ferrellgas Partners (OTC: FGPR) has announced a settlement agreement with Eddystone Rail Company to resolve multiple litigations dating back to February 2017. The settlement requires Ferrellgas to pay $125.0 million in three structured payments through January 15, 2026:
- $50.0 million paid on January 15, 2025
- $37.5 million due by June 16, 2025
- $37.5 million due by January 15, 2026
The agreement resolves a $171.6 million judgment from June 7, 2024. The settlement will be funded using existing cash and liquidity. The company's $190 million appeal bond and associated letters of credit have been released. Ferrellgas has retained Moelis & Company to advise on capital restructuring strategies, including addressing upcoming debt maturities to maximize long-term unitholder value.
Ferrellgas Partners (OTC: FGPR) reported its Q1 FY2025 results, showing mixed performance. Gross profit increased by $0.9 million (0.5%), driven by a 4% decrease in cost of product sold, partially offset by a 2% decrease in revenues. Total gallons sold decreased by 3%, with retail gallons down 7% but wholesale gallons up 7%. The company reported a net loss of $146.6 million, largely impacted by a $125.0 million accrual related to pending Eddystone litigation.
Adjusted EBITDA increased by $2.9 million (9%) to $35.8 million. The company secured an amendment to its revolving credit facility, extending maturity to December 31, 2025, though the commitment level will reduce from $350.0 million to $308.8 million starting March 31, 2025.
Ferrellgas Partners (OTC: FGPR) has made a donation to South Africa's Peninsula School Feeding Association (PSFA) to help schools obtain Gas Compliance Certificates and purchase gas stoves. The initiative, announced during LPG Week in Cape Town, supports PSFA's mission of providing daily meals to nearly 35,000 students across 400+ educational institutions. The donation is part of the Ferrellgas Century Project, the company's commitment to environmental and social impact leading up to its 100th anniversary in 2039. PSFA officials highlighted the donation's significance in helping schools meet gas compliance regulations and maintain cost-effective meal preparation systems.
Ferrellgas Partners (OTC: FGPR) has renewed its partnership with Operation Warm, a nonprofit providing winter coats to children in need. The company distributed coats at elementary schools in Kansas City, Florissant, Des Moines, and Kansas City, Kansas. Since the partnership's inception in 2021, Ferrellgas has contributed over 10,000 winter coats. The initiative is part of the Ferrellgas Century Project, the company's ESG initiative aimed at community service through 2039, marking its 100th year in business.
Ferrellgas Partners, L.P. (OTC: FGPR) is marking National Propane Day by focusing on disaster relief efforts following Hurricane Helene. The company, along with its tank exchange brand Blue Rhino, is providing propane to power homes, businesses, and generators in affected areas of the southeast. Ferrellgas is also supporting Operation BBQ Relief, an organization providing hot meals to disaster victims.
President and CEO Tamria Zertuche emphasized the company's commitment to treating customers like family and providing support for recovery efforts. Vice President, Head of Blue Rhino Chet Reshamwala and Vice President, Head of Retail Ray Galan both praised the dedication of employees working tirelessly to deliver propane to communities in need, highlighting propane's importance for heat, hot water, hot meals, and power generation during disaster recovery.
Ferrellgas Partners, L.P. (OTC: FGPR) reported its fiscal 2024 and fourth quarter results. Fourth quarter Adjusted EBITDA increased 16% to $33.6 million, driven by decreased general and administrative expenses. However, fiscal 2024 Adjusted EBITDA decreased 12% to $317.4 million due to lower gross profit and increased operating expenses.
The company's Blue Rhino brand saw 26% EBITDA growth, while the retail business faced challenges from inflation-related business closings. Gross profit for the fourth quarter was flat, with a 4% decrease in gallons sold. For fiscal 2024, gross profit decreased 2%, impacted by warmer weather and a 5% decrease in retail customers.
Ferrellgas reported net earnings of $110.2 million for fiscal 2024, down from $136.9 million in fiscal 2023. The company is focusing on weather-agnostic opportunities, expanding its autogas business, and implementing cost-saving initiatives to improve efficiency and safety.
Ferrellgas Partners, L.P. (OTC: FGPR) is celebrating its 85th anniversary, marking a journey from a local Kansas City propane retailer to the second-largest propane retailer in the United States. Founded in 1939 by A.C. Ferrell, the company now employs over 4,000 people nationwide, serving customers in all 50 states, D.C., and Puerto Rico.
Key highlights include:
- The Blue Rhino tank exchange brand available at 65,000+ locations
- Ferrell North America (FNA) managing the nationwide supply network
- Employee Stock Ownership Plan (ESOP) launched in 1998
- The Ferrellgas Century Project, aimed at community investment and partnerships with charities
- Commitment to diversity, inclusion, and veteran employment
President & CEO Tamria Zertuche emphasizes the importance of a diverse and empowered workforce in fostering growth and adaptation for the next 85 years.
