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Ferrellgas Part - FGPR STOCK NEWS

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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.

Rhea-AI Summary
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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Ferrellgas Partners, L.P. (OTC: FGPR) is emphasizing the importance of propane safety and preparedness for the winter season. The company is offering reminders and programs to help customers keep their tanks filled and their homes warm, including the option to switch to the Auto Fill program and add a digital tank monitor. The company's Vice President of Retail Operations, Tim Sayers, highlights the importance of having a clear path to propane tanks for safe and timely deliveries.
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Ferrellgas Partners, L.P. (OTC: FGPR) reported a decrease in gross profit by $1.0 million for the first fiscal quarter, along with a net loss of $17.5 million. However, Blue Rhino, the Company's tank exchange brand, increased capacity by 15-20% and continued its partnership with Operation Warm and Operation BBQ Relief.
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Ferrellgas Partners, L.P. continues its partnership with Operation Warm to provide new coats and shoes to children in need. The company aims to make a positive impact on the communities it serves through its Century Project. Ferrellgas will hold two coat distribution events this year and promote Operation Warm through social media and email.
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Ferrellgas Partners, L.P. celebrates National Customer Service Week, recognizing the importance of good customer service. They are honoring their Customer Success professionals and distributing Heart of Service pins, giving away prizes, and holding celebrations throughout the company.
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Financial Highlights: Gross profit increased $9.6 million (5%) for Q4 and $79.2 million (9%) for fiscal 2023. Margin per gallon increased 10% for Q4 and 12% for fiscal 2023. Net loss of $29.1 million for Q4 compared to a net loss of $19.4 million in the prior year period. Net earnings of $136.9 million and $148.0 million for fiscal 2023 and 2022, respectively. Adjusted EBITDA decreased by $5.2 million (15%) for Q4 compared to the prior year period, but increased by $20.1 million (6%) for fiscal 2023 compared to fiscal 2022.
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Ferrellgas Partners, L.P. encourages customers to prepare for peak heating season by ensuring propane tanks are ready. Customers should clear the path to their tanks and keep it clear of snow and ice. Will Call customers should schedule a fill when tank reaches 30%. Auto Fill program and tank monitors are available. Blue Rhino reminds southern customers to check and exchange propane tanks for a fresh one.
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Ferrellgas Partners, L.P. celebrates National Truck Driver Appreciation Week, recognizing their nearly 2,500 drivers who serve propane users nationwide.
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FAQ

What is the current stock price of Ferrellgas Part (FGPR)?

The current stock price of Ferrellgas Part (FGPR) is $10.75 as of April 7, 2025.

What is the market cap of Ferrellgas Part (FGPR)?

The market cap of Ferrellgas Part (FGPR) is approximately 240.4M.

What is the core business of Ferrellgas Partners, L.P.?

Ferrellgas focuses on the distribution and exchange of propane, offering reliable energy solutions through its extensive network and the Blue Rhino brand. It caters to residential, commercial, and industrial customers nationwide.

What services are provided under the Blue Rhino brand?

The Blue Rhino brand specializes in propane exchange and delivery services, emphasizing safety and customer education through built-in safety features and clear instructional materials.

How does Ferrellgas ensure safety in its operations?

The company incorporates rigorous safety protocols, provides detailed safety information on propane tanks, and educates customers on proper usage practices. This approach minimizes risks and promotes secure handling of propane.

Who are the primary customers of Ferrellgas?

Its customer base is broad, including residential homeowners, commercial enterprises, and industrial facilities that rely on propane for heating, cooking, and other energy needs.

What differentiates Ferrellgas from other energy providers?

Ferrellgas distinguishes itself with a robust nationwide distribution network, a strong focus on safety and customer education, and an employee ownership model that reinforces operational accountability and service quality.

In what regions does Ferrellgas operate?

The company provides propane services across all 50 states, the District of Columbia, and Puerto Rico, ensuring a broad reach in the U.S. energy market.

How does Ferrellgas contribute to community safety?

Beyond its commercial operations, Ferrellgas is committed to community education on propane safety, regularly sharing guidelines for safe grilling and propane usage while implementing initiatives that support community well-being.

What steps does the company take to maintain high operational standards?

Ferrellgas employs strict quality control measures, adheres to regulatory compliance in safety protocols, and leverages a well-organized logistics network to ensure efficient and reliable service delivery.
Ferrellgas Part

OTC:FGPR

FGPR Rankings

FGPR Stock Data

240.43M
3.39M
30.28%
0%
1.58%
Oil & Gas Refining & Marketing
Energy
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United States
Liberty