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) delivers essential propane solutions through its nationwide network and industry-leading Blue Rhino exchange program. This page serves as the definitive source for verified corporate updates, offering stakeholders timely access to operational developments and strategic initiatives.
Investors and industry observers will find curated financial filings, safety program enhancements, and partnership announcements. Our aggregation includes earnings reports, regulatory disclosures, and community impact initiatives – all critical for understanding this employee-owned company's market position.
Key coverage areas include propane distribution innovations, gas safety education efforts, and logistics network expansions. Regular updates on Blue Rhino's retail partnerships and commercial propane applications provide insights into FGPR's operational health and industry leadership.
Bookmark this page for structured access to Ferrellgas' official communications, maintained with neutral analysis to support informed decision-making. Check regularly for updates reflecting the company's commitment to safe, reliable energy distribution across residential and commercial markets.
Ferrellgas Partners, L.P. (OTC: FGPR) is celebrating Employee Ownership Month this October, highlighting its status as a prominent employee-owned company through an Employee Stock Ownership Plan (ESOP). Established in 1998, the ESOP allows employees to take pride in their work, directly contributing to the company's mission to provide convenient propane deliveries. With over 1.1 million common units owned by employees, Ferrellgas emphasizes the importance of its employee-owners in its operations, promoting a strong investment in quality service for customers across the U.S.
Ferrellgas Partners, L.P. (OTC: FGPR) reported a fourth fiscal quarter revenue increase of $52.4 million (16%) and total fiscal 2022 revenue growth of $360.2 million (21%). Gross profit rose 13% to $20.7 million for the quarter, and 8% to $68.4 million for the year. The company faced a net loss of $19.4 million in Q4, slightly worse than last year's $18.8 million loss. However, fiscal 2022 net earnings reached $148.0 million, contrasting a $68.4 million loss in 2021. Adjusted EBITDA grew by 42% in Q4 to $34.2 million.
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.
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