FERRELLGAS PARTNRS LP NEW - FGPR STOCK NEWS

Blue Rhino, America's leading propane tank exchange brand, is renewing its partnership with the International Rhino Foundation (IRF) to support conservation efforts for the five remaining rhino species. Operating under Ferrellgas Partners, L.P. (OTC: FGPR), Blue Rhino serves customers at 60,000 locations nationwide. Their commitment to sustainability includes recycling millions of propane tanks annually while providing clean and affordable outdoor fuel. Chief Operating Officer Tamria Zertuche emphasized their pride in supporting IRF's mission, while IRF's Executive Director, Nina Fascione, highlighted the impact of their partnership on conservation education.

On March 20, 2023, Ferrellgas Partners, L.P. (OTC: FGPR) encouraged homeowners to include their propane systems and grills in spring cleaning efforts. Vice President Tim Sayers emphasized that performing maintenance now ensures readiness for future winter conditions. Recommended tips for propane system upkeep include removing combustible materials near tanks, marking tank locations, and scheduling inspections for unused appliances. Ferrellgas also promotes safety by advising against indoor storage of propane tanks. Moreover, Blue Rhino, a brand under Ferrellgas, highlighted the importance of checking grill connections for leaks and burner functionality to kick off the grilling season.

Ferrellgas Partners, L.P. (OTC: FGPR) reported financial results for its second fiscal quarter ending January 31, 2023. Revenues decreased slightly by $1.0 million year-over-year, while gross profit increased by $34.0 million, or 11%. Net earnings dropped by $10.3 million, or 10%, totaling $98.1 million. Adjusted EBITDA rose by $4.5 million, or 3%, amounting to $155.9 million. Gallons sold decreased by 1%, attributed to higher fuel costs and maintenance expenses. The company acquired Rez-Bear Propane, enhancing its logistics infrastructure. Blue Rhino became the official propane sponsor of the Steak Cookoff Association for 2023.

Ferrellgas Partners, L.P. (OTC: FGPR) has appointed Michael E. Cole as its new Chief Financial Officer. With over 35 years of experience in financial and energy sectors, Cole aims to enhance Ferrellgas's business growth and financial strategies. Previously, he served as CFO at NV Energy, part of Berkshire Hathaway Energy. Cole emphasizes results-oriented leadership and believes in Ferrellgas's potential for advancement. The company, serving propane customers nationwide, has about 4,500 employee-owners and operates the Blue Rhino brand at 60,000 locations.