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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.
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.
Ferrellgas (OTC:FGPR) has launched its 30th annual scholarship program, assisting dependent children of employees at 14 U.S. colleges. Over 200 scholarships have been awarded to eligible students based on academic performance and financial needs. The initiative forms part of Ferrellgas’s broader Environmental, Social, and Governance (ESG) efforts, notably the Ferrellgas Century Project, which aims to support various initiatives until 2039. The program underscores the company’s commitment to education and community development.
Ferrellgas Partners, L.P. (OTC: FGPR) announced on June 15, 2022, the launch of its Blue Rhino home delivery service in Phoenix, enhancing convenience for local residents. Customers can now order fresh, cleaned, and leak-tested propane tanks for home delivery, avoiding trips to exchange locations. The service includes a 48-hour turnaround for deliveries, excluding Sundays and major holidays. This expansion joins existing home delivery markets in multiple cities across the U.S., aiming to cater to the grilling culture in Phoenix.
Ferrellgas Partners, L.P. (OTC: FGPR) has joined the National Propane Gas Association (NPGA), enhancing its role in the propane industry. CEO James E. Ferrell emphasized the timing as crucial for growth, and NPGA President Stephen Kaminski welcomed Ferrellgas's expertise. The partnership aims to promote accessible and efficient propane, with Ferrellgas employees joining various NPGA committees. Ferrellgas serves propane customers across all 50 states and is known for its Blue Rhino brand, available at 60,000 locations nationwide.
Ferrellgas Partners, L.P. (OTC: FGPR) reported a significant recovery in its third fiscal quarter results, with revenues soaring by 15% to $647.5 million and net earnings of $67.6 million, up from a loss of $66.8 million in the same period last year. Gross profit rose 7% to $281.4 million, while operating income per gallon saw a 2% increase. However, overall gallons sold declined by 3%, highlighting ongoing challenges. Despite inflationary pressures increasing costs by 21%, the company maintained a favorable credit position and continued strategic initiatives for long-term growth.
On May 27, 2022, Blue Rhino, a leading propane tank exchange brand under Ferrellgas Partners, L.P. (OTC: FGPR), commemorated Memorial Day by promoting safe grilling practices. VP Geoffrey Jaynes emphasized the significance of the holiday for honoring military heroes and as the unofficial start of summer. Blue Rhino provided essential grilling safety tips, including checking for gas leaks and proper grill usage. Founded in 1994, Blue Rhino is available in over 60,000 retail locations across the U.S., with home delivery services expanding in several cities.
On May 6, 2022, Blue Rhino, a brand of Ferrellgas Partners (OTC: FGPR), announced the launch of its home delivery service in the Chicagoland area. This expansion allows residents to receive cleaned and leak-tested propane tanks directly at their doorstep, in addition to exchange options at local outlets. The service is available in several suburbs but does not cover downtown Chicago. The delivery process is straightforward, with a turnaround time of about 48 hours. Blue Rhino serves customers nationwide through a network of over 60,000 retail locations.
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