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.
Overview of Ferrellgas Partners, L.P.
Ferrellgas Partners, L.P. is a prominent, employee-owned propane distribution company operating through an extensive network across the United States, the District of Columbia, and Puerto Rico. The company is widely recognized for its Blue Rhino propane exchange brand, a service that underscores safety and efficiency in propane usage. With a focus on providing reliable energy solutions, Ferrellgas delivers comprehensive propane services to a wide range of customers, including residential, commercial, and industrial segments.
Core Business and Operational Excellence
At its core, Ferrellgas specializes in the distribution and exchange of propane, a clean and efficient source of energy. The company operates an integrated logistics and distribution network designed to ensure prompt delivery and reliable service. Propane exchange services and sustained operational excellence are central to its business model, minimizing transportation and storage risks while providing a high level of convenience for customers. Ferrellgas places strong emphasis on safety, incorporating rigorous standards and consistent customer education on proper usage and safety measures. Detailed safety information on propane tanks and instructional materials at distribution locations further highlight this commitment.
Market Position and Industry Context
Within the energy distribution and utilities sector, Ferrellgas stands out due to its robust network and long-standing commitment to safety and quality. As propane is widely used in residential heating, cooking, and various industrial applications, the company’s services are indispensable across diverse market segments. Ferrellgas maintains a competitive edge by combining efficient delivery services with an industry-centric focus on consumer safety. This approach allows the company to meet varied demand across both urban and rural markets while supporting community needs with its expertise in gas safety and energy distribution.
Employee Ownership and Corporate Governance
One of the distinguishing features of Ferrellgas is its employee ownership structure. This model not only fosters a culture of accountability and engagement but also acts as an assurance of long-term operational stability. The shared ownership motivates employees to uphold the highest standards of service and safety, in line with the company’s philosophy of transparent and reliable operations. Such governance practices enhance trust and align corporate success with employee performance, solidifying the company’s reputation among its stakeholders.
Commitment to Safety and Community Impact
Safety remains a cornerstone of Ferrellgas’ operations. The company is dedicated to educating its customers on the proper handling and use of propane, from detailed instructions to safety features integrated into its exchange products. This commitment is clearly exemplified by initiatives that highlight safe grilling practices and safe operation guidelines, ensuring that both private and public users of propane can enjoy their energy solutions without compromising security. Additionally, Ferrellgas has actively engaged in community-focused initiatives that extend its impact beyond commercial operations, emphasizing the role of propane as a clean and efficient fuel source which in turn benefits local establishments and communities at large.
Competitive Landscape and Differentiating Factors
In an industry characterized by several prominent energy providers, Ferrellgas distinguishes itself through its commitment to operational integrity and customer safety. Its extensive distribution network, combined with a focus on educational outreach and a strong employee-owned culture, positions Ferrellgas as a robust participant in the energy and utilities market. The company addresses industry challenges such as regulatory compliance and sustainability with a balanced blend of customer-centric service and proactive operational improvements. This multifaceted approach is pivotal to maintaining its stable market presence and resonates well across the customer base that values reliability and safety.
Industry Expertise and Business Model Insights
Ferrellgas utilizes a business model that leverages the simplicity of propane distribution while embedding sophisticated safety protocols and comprehensive customer service. The company’s practices in strict adherence to regulatory measures, combined with innovative propane exchange systems, demonstrate an in-depth understanding of industry dynamics. This produces a consistent quality of service that underpins its reputation and bolsters customer confidence. By integrating precise operational strategies with continuous safety education, Ferrellgas provides a paradigm of efficiency coupled with best practices in the energy distribution sector.
This detailed perspective on Ferrellgas Partners, L.P. offers an informed look at how traditional energy distribution can be innovatively managed with a commitment to safety, employee involvement, and community engagement. Through a legacy of operational excellence and a sustained focus on customer education, Ferrellgas continues to be a pivotal player in the propane supply industry, ensuring that clean, safe, and reliable energy solutions are accessible nationwide.
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.
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.
FAQ
What is the current stock price of Ferrellgas Part (FGPR)?
What is the market cap of Ferrellgas Part (FGPR)?
What is the core business of Ferrellgas Partners, L.P.?
What services are provided under the Blue Rhino brand?
How does Ferrellgas ensure safety in its operations?
Who are the primary customers of Ferrellgas?
What differentiates Ferrellgas from other energy providers?
In what regions does Ferrellgas operate?
How does Ferrellgas contribute to community safety?
What steps does the company take to maintain high operational standards?
