FERRELLGAS PARTNRS LP NEW - FGPR STOCK NEWS

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.

Ferrellgas Partners, L.P. (OTC: FGPR) is celebrating National Truck Driver Appreciation Week with the theme 'Miles of Gratitude'. The company is honoring its drivers who play a important role in delivering propane to millions of families across the country. Ferrellgas recognizes the importance of its drivers in various roles, including:

• Hauling propane across the country (Ferrell North America)
• Delivering to homes and businesses (Ferrellgas operations)
• Refilling Blue Rhino grilling cylinders at stores

Company leaders are organizing unique ways to appreciate the drivers' contributions. Vice President of Retail Ray Galan and President and CEO Tamria Zertuche both emphasized the drivers' significance to the company's operations and customer service.

Blue Rhino, the tank exchange brand of Ferrellgas Partners, L.P. (OTC: FGPR), is emphasizing grilling safety for Labor Day, one of America's biggest grilling holidays. The company focuses on safety daily, both for customers and at distribution locations. Josh McLeod, Manager of Blue Rhino Safety, stresses the importance of education in grilling safely.

Blue Rhino provides safety information on their propane tanks, store displays, and website. They recommend reading grill manufacturer instructions, starting with a clean grill, setting up outdoors on a level surface 10 feet from structures, and using proper grilling tools. The company aims to help customers create safe and memorable backyard experiences this Labor Day.

Ferrellgas Partners, L.P. (OTC: FGPR), a leading nationwide propane logistics company, has awarded scholarships to 14 students for the fall semester through its Ferrellgas Scholarship Program. The program, established in 1992, provides financial assistance to dependent children of Ferrellgas and Blue Rhino employees pursuing higher education at post-secondary institutions and trade schools.

Eligibility criteria include substantial academic capability, engagement in school activities, and meeting specific financial requirements. Since its inception, the program has granted over 200 scholarships. This year's recipients represent a diverse range of majors, including Nursing, Engineering, Psychology, and Environmental Science, attending various universities across the United States.

Blue Rhino, the tank exchange brand of Ferrellgas Partners, L.P. (OTC: FGPR), is excited to celebrate Independence Day with grilling enthusiasts across the nation. A recent survey revealed interesting grilling habits: 42% prefer their steak medium rare, 35% favor vegetables as a side dish, and 35% prefer grilling solo. Notably, 81% of respondents love grilling so much that they do it even in the rain. Blue Rhino encourages customers to use their propane finder or home delivery program to ensure they have fresh propane for their holiday cookouts. Additionally, in celebration of Blue Rhino's 30th birthday, there's an opportunity to become the Chief Grilling Officer and enjoy a barbecue masterclass for 30 friends. Vice President Chet Reshamwala expressed pride in being part of customers' holiday memories and wished everyone a safe and happy Independence Day.

Ferrellgas Partners, L.P. (OTC: FGPR) reported a decrease of $21.6 million, or 17%, in Adjusted EBITDA for Q3 fiscal 2024, totaling $104 million compared to $125.6 million in the prior year. This decline was attributed to a $19.6 million drop in gross profit, primarily due to warmer than normal weather and higher medical claims. Revenue fell by $71.6 million, offset slightly by a $52 million reduction in the cost of product. Gallons sold decreased by 24.6 million, or 11%, though margin per gallon increased by 4%. Net earnings were $52.8 million, down from $72.4 million. The company made a total distribution of $99.9 million in April 2024.

Despite the downturn in some areas, Blue Rhino's EBITDA increased by 19% due to higher consumer demand for grilling and tank usage. The company continues to focus on technological investments and strategic initiatives, including the expansion of self-service kiosks and home delivery services for propane tanks.