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.
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Blue Rhino, America's leading propane tank exchange brand, is renewing its partnership with the International Rhino Foundation (IRF) to support conservation efforts for the five remaining rhino species. Operating under Ferrellgas Partners, L.P. (OTC: FGPR), Blue Rhino serves customers at 60,000 locations nationwide. Their commitment to sustainability includes recycling millions of propane tanks annually while providing clean and affordable outdoor fuel. Chief Operating Officer Tamria Zertuche emphasized their pride in supporting IRF's mission, while IRF's Executive Director, Nina Fascione, highlighted the impact of their partnership on conservation education.
On March 20, 2023, Ferrellgas Partners, L.P. (OTC: FGPR) encouraged homeowners to include their propane systems and grills in spring cleaning efforts. Vice President Tim Sayers emphasized that performing maintenance now ensures readiness for future winter conditions. Recommended tips for propane system upkeep include removing combustible materials near tanks, marking tank locations, and scheduling inspections for unused appliances. Ferrellgas also promotes safety by advising against indoor storage of propane tanks. Moreover, Blue Rhino, a brand under Ferrellgas, highlighted the importance of checking grill connections for leaks and burner functionality to kick off the grilling season.
Ferrellgas Partners, L.P. (OTC: FGPR) reported financial results for its second fiscal quarter ending January 31, 2023. Revenues decreased slightly by $1.0 million year-over-year, while gross profit increased by $34.0 million, or 11%. Net earnings dropped by $10.3 million, or 10%, totaling $98.1 million. Adjusted EBITDA rose by $4.5 million, or 3%, amounting to $155.9 million. Gallons sold decreased by 1%, attributed to higher fuel costs and maintenance expenses. The company acquired Rez-Bear Propane, enhancing its logistics infrastructure. Blue Rhino became the official propane sponsor of the Steak Cookoff Association for 2023.
Ferrellgas Partners, L.P. (OTC: FGPR) has appointed Michael E. Cole as its new Chief Financial Officer. With over 35 years of experience in financial and energy sectors, Cole aims to enhance Ferrellgas's business growth and financial strategies. Previously, he served as CFO at NV Energy, part of Berkshire Hathaway Energy. Cole emphasizes results-oriented leadership and believes in Ferrellgas's potential for advancement. The company, serving propane customers nationwide, has about 4,500 employee-owners and operates the Blue Rhino brand at 60,000 locations.
Ferrellgas Partners, L.P. (OTC: FGPR) reminds propane homeowners that winter is not over yet, with cold temperatures expected. The company advises checking propane tank levels regularly and contacting their provider when levels reach 30%, allowing at least seven business days for delivery. Tim Sayers, VP of Retail Operations, emphasizes the importance of ensuring clear access to tanks for timely service. Ferrellgas serves customers in all 50 states, the District of Columbia, and Puerto Rico, with employees owning 1.1 million common units 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.