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Ferrellgas Partners, L.P. reports developments tied to its propane distribution business, which serves customers through Ferrellgas, L.P. and subsidiaries across all 50 states, the District of Columbia, and Puerto Rico. Recurring updates include fiscal operating results, weather-driven heating demand, propane sales volumes, expenses, and distributions on partnership units.
Company news also covers financing actions such as senior notes and revolving credit facilities, fleet logistics, telematics, routing optimization, safety programs, employee training, and propane industry participation through the Propane Education & Research Council.
Ferrellgas (OTC: FGPR) reported results for fiscal year ended July 31, 2025, and Q4. For fiscal 2025, Adjusted EBITDA rose 4% to $330.7 million and gross profit exceeded $1.0 billion, the highest in company history. Gallons sold increased 20.4 million (3%) year-over-year, with retail and Blue Rhino sales rising. The company recorded a $15.6 million net loss for fiscal 2025 versus $110.2 million net earnings in fiscal 2024. In Q4, Adjusted EBITDA fell 31% to $23.1 million and net loss was $26.8 million. Key cost drivers included higher operating and G&A expenses, a $125.0 million Eddystone litigation settlement adjustment, and $9.8 million higher interest expense.
Ferrellgas (OTC:FGPR) has announced the recipients of its 2025 Scholarship Program, awarding educational support to 14 children of Ferrellgas and Blue Rhino employees. The program, now in its fourth decade, is part of the company's Ferrellgas Century Project, which aims to give back to communities as the company approaches its 100th anniversary in 2039.
The scholarship recipients were selected based on academic achievement, community involvement, leadership, and financial need. They will pursue diverse fields of study including engineering, finance, healthcare, and arts at various universities across the United States.
Ferrellgas Partners (OTC: FGPR), a technology enabled propane logistics company, has announced the hiring of Andrew Safran as a consultant. Safran, currently Managing Partner of Safran Advisors LLC, brings extensive experience from his previous roles as Operating Partner at Apollo Global Management and Vice Chairman positions at Deutsche Bank and Citigroup.
The appointment follows Ferrellgas' strong fiscal Q3 2025 performance and aims to leverage Safran's banking relationships and industry expertise to transform the company's capital structure. Both CEO Tamria Zertuche and Chairman James Ferrell expressed confidence in Safran's ability to contribute significantly to the company's future.
Blue Rhino, the tank exchange brand of Ferrellgas Partners (OTC: FGPR), has renewed its partnership with the International Rhino Foundation (IRF) for the "Keep the Five Alive" campaign. Launching May 5, 2025, this initiative aims to protect the world's five remaining rhino species, whose wild population has declined to under 28,000.
Key campaign features include:
- Donation matching up to $35,000 (May 1-7)
- Limited-edition Black rhino tank sleeve
- Two awareness-driven giveaways
- Social media engagement campaign
- Special grilling recipes inspired by rhino habitats
The campaign focuses on protecting the critically endangered Javan, Sumatran, Greater One-Horned, Black, and White rhinos. This initiative is part of the Ferrellgas Century Project, demonstrating the company's commitment to environmental causes and global community impact.
Ferrellgas Partners (OTC: FGPR) has been recognized as one of the Most Trustworthy Companies in America 2025 by Newsweek, marking their second time receiving this distinction. The recognition stems from an extensive survey of approximately 25,000 Americans, evaluating customer, investor, and employee trust, along with social media sentiment.
As one of the few propane companies to receive this honor, Ferrellgas was listed among 700 companies across 23 industries. The company secured its position in the Energy & Utilities category, joining 40 other recipients. President and CEO Tamria Zertuche attributed this achievement to the dedication of their employee-owners and their commitment to prioritizing customer service.
Ferrellgas Partners (OTC: FGPR) announced that Chief Financial Officer and Treasurer Michael E. Cole will retire effective May 2, 2025. The company, a technology-enabled logistics and nationwide propane distribution business, will continue its relationship with Moelis & Company to advise on financial strategies while searching for a new CFO.
CEO Tamria Zertuche praised Cole's decades of experience in finance and energy sectors, highlighting his contributions to the company's Finance and Accounting team development, including strengthening FP&A, Treasury, and Investor Relations functions. Cole's tenure was marked by his impact on key stakeholders and maintaining an employee-owner mindset essential to the company's success.
Ferrellgas Partners (OTC: FGPR) reported its Q2 FY2025 results with notable improvements in financial performance. Net earnings reached $98.8 million, up from $95.8 million in the prior year. Gross profit increased by $19.1 million (6.0%), driven by a 10% revenue increase to $59.9 million.
The company saw a 6% increase in gallons sold, with wholesale gallons up 20% and retail gallons up 1%. Adjusted EBITDA grew by $10.1 million (7%) to $157.0 million. The quarter experienced varying weather conditions, being 1.5% cooler than normal and 5.1% cooler than the prior year.
Blue Rhino, the company's tank exchange business, achieved record January sales and 14% organic growth. The company also settled the Eddystone litigation for $125.0 million, with $50.0 million paid in January 2025 and two additional payments of $37.5 million scheduled.
Ferrellgas Partners (OTC: FGPR) has announced a settlement agreement with Eddystone Rail Company to resolve multiple litigations dating back to February 2017. The settlement requires Ferrellgas to pay $125.0 million in three structured payments through January 15, 2026:
- $50.0 million paid on January 15, 2025
- $37.5 million due by June 16, 2025
- $37.5 million due by January 15, 2026
The agreement resolves a $171.6 million judgment from June 7, 2024. The settlement will be funded using existing cash and liquidity. The company's $190 million appeal bond and associated letters of credit have been released. Ferrellgas has retained Moelis & Company to advise on capital restructuring strategies, including addressing upcoming debt maturities to maximize long-term unitholder value.
Ferrellgas Partners (OTC: FGPR) reported its Q1 FY2025 results, showing mixed performance. Gross profit increased by $0.9 million (0.5%), driven by a 4% decrease in cost of product sold, partially offset by a 2% decrease in revenues. Total gallons sold decreased by 3%, with retail gallons down 7% but wholesale gallons up 7%. The company reported a net loss of $146.6 million, largely impacted by a $125.0 million accrual related to pending Eddystone litigation.
Adjusted EBITDA increased by $2.9 million (9%) to $35.8 million. The company secured an amendment to its revolving credit facility, extending maturity to December 31, 2025, though the commitment level will reduce from $350.0 million to $308.8 million starting March 31, 2025.