Ferrellgas Partners, L.P. (FGPR) is a leading distributor of propane and related equipment in the United States. The company provides propane for various uses, including residential heating, industrial applications, and outdoor cooking, serving customers across all 50 states, the District of Columbia, and Puerto Rico. FGPR operates through multiple market segments, leveraging its national presence and economies of scale to maintain a competitive edge in the propane distribution industry.
- Retail Sales to End Users - Supplies propane for residential and commercial purposes, including space heating, water heating, cooking, and other propane-fueled appliances.
- Wholesale Sales to Resellers - Distributes propane to resellers who then supply it to end customers.
- Portable Tank Exchange (Blue Rhino) - Provides propane for outdoor cooking through a network of distribution outlets under the Blue Rhino brand.
- Other Gas Sales - Offers additional services such as customer fee income and sales of appliances and materials.
- Agricultural Sales - Supplies propane for agricultural needs, including crop drying, space heating, irrigation, and weed control.
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- In light of the tariffs imposed on steel tanks and cylinders, can you elaborate on the specific supplier diversification strategies and cost mitigation measures you plan to implement to counteract these pressures?
- With the solid Q3 growth in gross profit and adjusted EBITDA, what operational initiatives will the management team prioritize to ensure margin preservation in the face of rising operating expenses?
- Your recent investments in Blue Rhino automation have improved efficiency; could you detail the specific enhancements planned, the expected return on these investments, and how they align with your long-term strategy?
- Given the recent CFO retirement and the subsequent expanded responsibilities for Michelle Maggi, what immediate measures are being taken to maintain robust financial oversight and clear investor communication?
- As you work towards completing the refinancing with Moelis, can you discuss how the anticipated changes in your capital structure will enhance the company’s ability to navigate global trade uncertainties and future economic challenges?
Research analysts covering FERRELLGAS PARTNERS L P.
Recent press releases and 8-K filings for FGPR.
Ferrellgas Announces Pricing of Senior Notes Offering
·$FGPRDebt Issuance
- Ferrellgas, L.P. and Ferrellgas Finance Corp. priced an offering of $650.0 million aggregate principal amount of 9.250% senior notes due 2031 at an offering price equal to 100% of the principal.
- The offering is expected to close on or about October 27, 2025.
- The net proceeds from this offering, combined with cash on hand, will be used to redeem all of the Issuers’ 5.375% Senior Notes due 2026.
- The redemption of the 2026 Notes is conditional upon the completion of the new notes offering and an amendment to the company's existing revolving credit facility.
12 hours ago
Ferrellgas Partners, L.P. reports Fiscal Year 2025 financial results and strategic updates
·$FGPREarnings
Legal Proceedings
M&A
- Ferrellgas Partners, L.P. reported Fiscal Year 2025 revenues of $1,938,337 thousand, a 5.5% increase over the prior year, and a record gross profit of $1,022,816 thousand, up 4.0%.
- Adjusted EBITDA for Fiscal Year 2025 was $330,694 thousand, an increase of 4.2% compared to the prior year.
- Operating Income for Fiscal Year 2025 was $90,119 thousand, which was affected by a $125 million one-time legal settlement included in SG&A expense.
- The company is the second largest retail marketer of propane based on FY 2025 retail sales volume and has completed 10 acquisitions between 2021 and 2025, indicating a focus on strategic growth and consolidation.
3 days ago
Ferrellgas Announces Proposed Senior Notes Offering and Redemption of Existing Notes
·$FGPRDebt Issuance
- Ferrellgas, L.P. and Ferrellgas Finance Corp. announced a proposed private offering of $650.0 million aggregate principal amount of senior notes due 2031, subject to market conditions.
- The net proceeds from this offering, combined with cash on hand, are intended to redeem all of the Issuers' 5.375% Senior Notes due 2026.
- A conditional notice of redemption for the 2026 Notes was issued on October 15, 2025, with a redemption date of October 27, 2025, at 100.00% of the principal amount outstanding plus accrued and unpaid interest.
- The redemption is contingent upon the completion of the new notes offering and an amendment to the Company's existing revolving credit facility.
3 days ago
Ferrellgas Partners, L.P. Reports Fiscal Year and Fourth Quarter Fiscal Year 2025 Results
·$FGPREarnings
Revenue Acceleration/Inflection
- Ferrellgas Partners, L.P. reported a decrease in Adjusted EBITDA by $10.5 million, or 31%, to $23.1 million for the fourth fiscal quarter ended July 31, 2025.
- For fiscal year 2025, Adjusted EBITDA increased by $13.3 million, or 4%, reaching $330.7 million.
- The company recorded a net loss attributable to Ferrellgas Partners, L.P. of $15.6 million for fiscal year 2025, compared to net earnings of $110.2 million in fiscal 2024.
- Fiscal year 2025 saw gross profit increase by $39.7 million, or 4%, to over $1.0 billion, marking the highest in the Company's history.
- Total revenues for fiscal year 2025 increased $101.2 million, or 6%, to $1,938,337 thousand, with gallons sold also increasing 3%.
3 days ago
Ferrellgas Partners L.P. Announces CFO Retirement
·$FGPRCFO Change
Management Change
- Michael E. Cole, CFO and Treasurer, will retire effective May 2, 2025.
- The company is retaining Moelis & Company LLC for financial advisory services during the transition and will begin a search for a new CFO.
Mar 21, 2025, 12:00 AM