Welcome to our dedicated page for Ferrellgas Part news (Ticker: FGPR), a resource for investors and traders seeking the latest updates and insights on Ferrellgas Part stock.
Ferrellgas Partners, L.P. (FGPR) generates a steady flow of news related to its propane distribution operations, financial performance, and capital structure. Through its operating partnership Ferrellgas, L.P. and subsidiaries, the company serves propane customers in all 50 states, the District of Columbia, and Puerto Rico, and operates the Blue Rhino propane exchange brand at tens of thousands of locations nationwide. News items often highlight how these activities translate into quarterly and annual results, as well as operational milestones.
Investors following FGPR news can expect regular earnings releases that discuss revenue trends, gross profit, Adjusted EBITDA, and net earnings or losses. These reports frequently break down performance between retail and wholesale propane operations, including the contribution of Blue Rhino tank exchange. Management commentary in these releases also addresses the impact of weather patterns on propane demand, changes in propane pricing, and shifts in sales volumes across customer segments.
Ferrellgas news also covers financing and balance sheet developments. Recent announcements describe the pricing and issuance of senior notes due 2031, the redemption of senior notes due 2026, and amendments to the company’s revolving credit facility that extend its maturity and adjust borrowing capacity. These items are accompanied by Form 8-K filings that summarize the terms of the notes and credit agreements.
Operational and strategic updates appear alongside financial news. Releases describe telematics and routing optimization initiatives, investments in Blue Rhino production facilities, and recognition such as inclusion in external rankings. Ferrellgas also publishes news about community and environmental efforts, including the Ferrellgas Scholarship Program and Blue Rhino’s partnership with the International Rhino Foundation’s "Keep the Five Alive" campaign. For a consolidated view of these developments, the FGPR news page brings together earnings announcements, financing updates, operational highlights, and community-focused stories in one place.
Ferrellgas emphasizes the critical importance of preparedness during the upcoming hurricane season, predicting continued above-normal activity. The company highlights the role of propane as a reliable energy source in emergencies, aiding in essential needs such as cooking and power generation. Ferrellgas suggests families create emergency plans and maintain sufficient propane supplies. Key safety tips are provided to manage propane tanks during severe weather. Ferrellgas serves customers across the US and Puerto Rico, enhancing community resilience through its products.
Blue Rhino, America's top propane tank exchange brand, celebrates Labor Day with grilling tips. According to a 2020 survey, 56% of grill owners use their grills on Labor Day, making it the third most popular grilling holiday. Blue Rhino offers a checklist that includes recipe suggestions, grilling essentials, and propane tank locations. With over 60,000 retail outlets, Blue Rhino ensures customers can find propane easily. The company emphasizes safety and enjoyment amidst the cooking experience, highlighting its commitment to fueling backyard adventures for nearly three decades.
Blue Rhino announces its partnership with Operation BBQ Relief for the Summer Grilling Series, offering unique grilling recipes weekly. This initiative aims to enhance summer cooking experiences while both organizations remain ready to assist communities in need. Tamria Zertuche, COO of Ferrellgas, emphasizes the joy of grilling in summer, while Stan Hays, CEO of Operation BBQ Relief, appreciates Blue Rhino's long-term support. The program celebrates its 10th year and has provided nearly 10 million meals during disasters.
Ferrellgas, a leading propane provider, emphasizes safety tips for grilling this Fourth of July weekend. With millions expected to use propane grills, the company highlights crucial safety measures to prevent accidents. Key advice includes following manufacturer instructions, checking for gas leaks, and ensuring proper storage of propane tanks. The company's commitment to customer safety is reinforced through educational reminders. As a nationwide service with locations in all 50 states, Ferrellgas aims to support safe celebrations during the holiday.
Blue Rhino, a leading propane tank exchange brand, emphasizes safety tips for grilling ahead of the Fourth of July, America's favorite grilling holiday. With a presence in over 60,000 locations across the U.S., Blue Rhino is dedicated to ensuring customers enjoy their grilling experience safely. Key reminders include proper grill usage, checking for gas leaks, and ensuring the grill is used away from children. Founded in 1994 in Winston-Salem, North Carolina, Blue Rhino aims to promote safe grilling practices and wishes everyone a fun Fourth of July.
Ferrellgas Partners, L.P. (OTC: FGPR) reported a strong financial performance for its third quarter ended April 30, 2021, with a $30.2 million increase in gross profit, nearly 13% higher than the prior year. Operating income rose by $25.4 million, driven by a 13.3 million gallon increase in sales volume, totaling 260.2 million gallons. Despite a net loss of $66.8 million due to restructuring costs, adjusted EBITDA increased by 29% to $119.2 million.
The company completed its bankruptcy restructuring, enhancing financial stability and operational efficiency.
Ferrellgas Partners, L.P. (OTC:FGPR) announced the hiring of Brent Banwart as Vice President of Human Resources. Banwart brings extensive experience from PepsiCo and Hormel Foods, focusing on employee relations and talent management. CEO Jim Ferrell emphasized the importance of personnel in achieving success and stated that Banwart will help the company retain top talent and provide a competitive benefits package. The company operates in all 50 states and has an employee stock ownership plan, with employees holding 1.1 million common units.
Ferrellgas Partners, L.P. (OTC: FGPR) has appointed Ivan J. Winfield Jr. as Chief Information Officer, effective immediately. With over 11 years in a senior IT role at Seaboard Corporation, Winfield aims to enhance Ferrellgas's technology programs. CEO Jim Ferrell emphasizes the importance of technology in logistics, asserting that Winfield's expertise will steer the company toward becoming a premier logistics provider. Ferrellgas serves propane customers across all 50 states and territories, backed by employee ownership through stock ownership plans.
Ferrellgas Partners, L.P. (OTC:FGPR) reported a 32% increase in operating income, totaling $35.6 million for the fiscal year, despite facing an 8% rise in temperatures and a 3.5% decrease in propane volumes. The fourth quarter saw a gross profit increase of $13.5 million (10%). Retail customer growth was recorded at 3%, and tank exchange locations rose to over 59,000, contributing to a 14% volume growth. However, the company reported a net loss of $82.5 million for the year, up from $64.2 million the previous year. Adjusted EBITDA increased 15%, reflecting successful operational initiatives.
Ferrellgas, the second-largest propane retailer in the U.S., has awarded its annual scholarship to 14 students for the 2020-21 academic year. This scholarship program, now in its 29th year, aims to support children of Ferrellgas employees, with a total of over $550,000 awarded to date. Each recipient, hailing from various institutions including Michigan State and Mississippi State, receives $4,000. Mary Lentz, Director of Employee Relations, emphasized the importance of education amid current global challenges.
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