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Ferrellgas Partners, L.P.

Ferrellgas Partners, L.P., operating through its subsidiaries, serves propane customers nationwide, including DC and Puerto Rico. The company is renowned for its Blue Rhino exchange brand, available at 65,000 locations. With a mission to impact communities positively, Ferrellgas continues its partnerships with organizations like Operation Warm and the International Rhino Foundation, focusing on social responsibility and conservation efforts. Employees indirectly own a significant stake in the partnership through an employee stock ownership plan.

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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.

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Ferrellgas Partners, L.P. (OTC:FGPR) celebrates LPG Day, an annual event organized by the World Liquid Gas Association on June 7 to highlight propane's benefits. Ferrellgas, one of the largest propane companies in the U.S., also owns the Blue Rhino exchange brand. President & CEO Tamria Zertuche emphasized the importance of propane as a clean-burning energy source and highlighted the company's commitment to promoting its safe uses. The nearly 4,500 employee-owners of Ferrellgas plan to engage in LPG Day activities alongside industry peers globally, aiming to keep propane in the national energy conversation.

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Ferrellgas Partners, L.P. (OTC: FGPR) is urging customers to be prepared for the Atlantic hurricane season starting June 1. The National Oceanic and Atmospheric Administration (NOAA) forecasts an “above normal” season with 8-13 hurricanes and 4-7 major hurricanes, largely due to warmer ocean temperatures and La Niña conditions. Ferrellgas emphasizes the importance of safety and preparation, recommending emergency supplies, local alerts, and propane-powered generators. They also highlight the importance of securing propane tanks in flood-prone areas. Ferrellgas supports Operation BBQ Relief, providing hot meals to those affected by natural disasters.

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Blue Rhino, a leading tank exchange brand under Ferrellgas Partners (OTC: FGPR), conducted a survey ahead of Memorial Day to uncover America's grilling preferences. Key findings include: 42% prefer grilling steak, 21% have grilled desserts, 38% enjoy beer while grilling, 61% prefer hosting barbecues, and over 80% grill year-round. Popular family games are corn hole, and secret grilling ingredients include brown sugar, garlic powder, and lemon pepper. Blue Rhino also celebrates its 30th anniversary, offering a chance to win a barbecue masterclass for 30 friends. The company honors Memorial Day's significance by remembering those who served the country.

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Blue Rhino, a brand of Ferrellgas Partners, L.P. (OTC: FGPR), collaborates with the International Rhino Foundation (IRF) for the third year to raise awareness for the five rhinoceros species. A special tank sleeve with a QR code linking to fun recipes and conservation information is available at retail stores. Blue Rhino will match donations to IRF up to $30,000 for its 30th anniversary celebration.

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Ferrellgas Partners, L.P. (FGPR) highlights the importance of National Safe Digging Month by emphasizing safety precautions for homeowners undertaking outdoor projects. By calling 811 or using a state-by-state map, homeowners can locate utility lines before digging, ensuring safety and preventing accidental damage. Ferrellgas prioritizes customer safety and urges homeowners to take necessary steps to avoid cutting into utility lines during spring projects.
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Ferrellgas Partners, L.P. reminds propane homeowners to maintain their systems during spring. Wholesale propane prices may be lower in spring. The company emphasizes safety and routine maintenance for optimal system performance.
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Ferrellgas Partners, L.P. reported a decrease in gross profit for the second fiscal quarter, driven by lower revenue and cost of sales due to propane price reductions. Adjusted EBITDA decreased by 6%, with a $9.0 million drop compared to the prior year period. The company acquired Eastern Sierra Propane, focused on technology enhancements, and celebrated Blue Rhino's 30th anniversary.
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Blue Rhino, the propane tank exchange brand of Ferrellgas Partners, L.P. (OTC: FGPR), continues its sponsorship of the Steak Cookoff Association in 2024, supporting over 500 competitions in the US. The brand aims to elevate backyard grilling experiences by providing prizes, grilling tips, recipes, and propane services, emphasizing its presence in the grilling community.
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Blue Rhino, the propane tank exchange brand of Ferrellgas Partners, L.P. (FGPR), is celebrating its 30th birthday in 2024 with a yearlong celebration. Fans can enter a sweepstakes to become an honorary Chief Grilling Officer and win a BBQ master class for up to 30 friends. Additional giveaways and a collector's edition tank sleeve are part of the celebration.
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FAQ

What is the current stock price of FERRELLGAS PARTNRS LP NEW (FGPR)?

The current stock price of FERRELLGAS PARTNRS LP NEW (FGPR) is $6.95 as of December 20, 2024.

What is the market cap of FERRELLGAS PARTNRS LP NEW (FGPR)?

The market cap of FERRELLGAS PARTNRS LP NEW (FGPR) is approximately 234.4M.

What is Ferrellgas Partners, L.P. known for?

Ferrellgas is famed for serving propane customers nationwide and operating the Blue Rhino exchange brand at 65,000 locations.

What are some recent partnerships of Ferrellgas?

Ferrellgas partners with organizations like Operation Warm and the International Rhino Foundation for community impact and conservation efforts.

How do employees benefit from Ferrellgas?

Employees indirectly own a significant stake in the partnership through an employee stock ownership plan.

FERRELLGAS PARTNRS LP NEW

OTC:FGPR

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234.43M
3.39M
30.28%
0%
1.58%
Oil & Gas Refining & Marketing
Energy
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United States of America
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