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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.
Blue Rhino, the leading propane tank exchange brand, has partnered with The Steak Cookoff Association (SCA) as its official propane sponsor for 2023. This partnership will see Blue Rhino involved in over 650 events across 46 states and 15 countries, culminating in the SCA Steak World Championship in Fort Worth, Texas. The collaboration highlights Blue Rhino's commitment to outdoor grilling and community engagement, with special prizes for competitors using Blue Rhino propane. Founded in 1994, Blue Rhino serves as a convenient fuel source for various outdoor activities.
Ferrellgas Partners, L.P. (OTC: FGPR) has launched a new Newsroom on the first day of winter to assist propane homeowners with essential winter preparation tips. The Newsroom provides timely information about propane usage, delivery reminders, and includes links to social media and past press releases. With over 80 years in the propane industry, Ferrellgas emphasizes educating customers about their propane responsibilities. The company operates in all 50 states and offers Blue Rhino services at 60,000 locations nationwide.
Ferrellgas Partners, L.P. (OTC: FGPR) reported a financial performance for the first fiscal quarter ended October 31, 2022, showcasing significant improvements. Revenues rose by $18.8 million, or 5%, while gross profit surged by $25.1 million, reflecting a 15% increase. Operating income increased by $7.4 million, marking a 60% rise, and the net loss decreased to $4.5 million from $8.6 million a year earlier. Adjusted EBITDA grew by 33% to $49.7 million. The company also acquired two new businesses and emphasized employee support amidst inflation challenges.
Ferrellgas Partners, L.P. (OTC: FGPR) is urging Will Call customers to schedule propane tank fills ahead of winter, advising a minimum of seven business days for deliveries. The company promotes its free Auto Fill program, aimed at analyzing tank data for timely refills, ensuring customer convenience. Safety measures include clearing access to tanks and providing resources for snow removal assistance, especially for seniors. Ferrellgas emphasizes its commitment to customer safety and efficient delivery during winter months to enhance home heating reliability.
Blue Rhino, a propane exchange brand of Ferrellgas Partners, L.P. (OTC: FGPR), has expanded its home delivery service to Fort Myers, Florida. Residents can now receive leak-tested propane tanks delivered to their homes, enhancing convenience and safety, especially in light of recent storm activities. The service is available without contracts or subscriptions, with a typical turnaround time of 48 hours. Blue Rhino's delivery markets have also expanded to include several major cities across the U.S., reinforcing its commitment to customer service and safety.
Ferrellgas Partners, L.P. (OTC: FGPR) is partnering with Operation Warm to provide winter coats to families in need, continuing its commitment to community support through the Ferrellgas Century Project. Since 1998, Operation Warm has helped over 4.6 million children in the U.S. and Canada. COO Tamria Zertuche emphasized the company's mission to aid families during challenging times. Ferrellgas serves propane customers nationwide, and its Blue Rhino brand is sold at approximately 60,000 retail locations. For more information, visit www.ferrellgas.com.
Ferrellgas Partners, L.P. (OTC: FGPR) is celebrating Employee Ownership Month this October, highlighting its status as a prominent employee-owned company through an Employee Stock Ownership Plan (ESOP). Established in 1998, the ESOP allows employees to take pride in their work, directly contributing to the company's mission to provide convenient propane deliveries. With over 1.1 million common units owned by employees, Ferrellgas emphasizes the importance of its employee-owners in its operations, promoting a strong investment in quality service for customers across the U.S.
Ferrellgas Partners, L.P. (OTC: FGPR) reported a fourth fiscal quarter revenue increase of $52.4 million (16%) and total fiscal 2022 revenue growth of $360.2 million (21%). Gross profit rose 13% to $20.7 million for the quarter, and 8% to $68.4 million for the year. The company faced a net loss of $19.4 million in Q4, slightly worse than last year's $18.8 million loss. However, fiscal 2022 net earnings reached $148.0 million, contrasting a $68.4 million loss in 2021. Adjusted EBITDA grew by 42% in Q4 to $34.2 million.
Ferrellgas (OTC: FGPR) reminds propane consumers of the importance of scheduling deliveries ahead of winter. With winter being the peak season for propane consumption, customers should notify the company when their tank reaches 30% capacity and allow up to seven business days for delivery. The company emphasizes the need for customers to plan early to avoid delays due to winter weather. Ferrellgas serves customers in all 50 states and is known for its Blue Rhino exchange brand, present at over 60,000 locations.
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