Ferrellgas Part Stock Price, News & Analysis

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.

On May 27, 2022, Blue Rhino, a leading propane tank exchange brand under Ferrellgas Partners, L.P. (OTC: FGPR), commemorated Memorial Day by promoting safe grilling practices. VP Geoffrey Jaynes emphasized the significance of the holiday for honoring military heroes and as the unofficial start of summer. Blue Rhino provided essential grilling safety tips, including checking for gas leaks and proper grill usage. Founded in 1994, Blue Rhino is available in over 60,000 retail locations across the U.S., with home delivery services expanding in several cities.

On May 6, 2022, Blue Rhino, a brand of Ferrellgas Partners (OTC: FGPR), announced the launch of its home delivery service in the Chicagoland area. This expansion allows residents to receive cleaned and leak-tested propane tanks directly at their doorstep, in addition to exchange options at local outlets. The service is available in several suburbs but does not cover downtown Chicago. The delivery process is straightforward, with a turnaround time of about 48 hours. Blue Rhino serves customers nationwide through a network of over 60,000 retail locations.

Ferrellgas Partners, L.P. (OTC: FGPR) and the International Rhino Foundation have partnered for the 'Go Wild for Rhinos' initiative, held annually on May 5. This year's collaboration marks the first joint effort to raise awareness and funds for rhino conservation. Special limited-edition Blue Rhino propane tank sleeves and themed recipes will support conservation efforts. Additionally, proceeds from 'Go Wild for Rhinos' T-shirts will benefit the IRF. The initiative is part of Ferrellgas' broader Environmental, Social & Governance (ESG) commitment through the Ferrellgas Century Project, aimed at enhancing sustainability.

Blue Rhino, a nationwide propane tank exchange leader, announced an expansion of its home delivery service to four new cities: Brooklyn, New York, and Miami, Orlando, and Jacksonville, Florida. This service allows residents to have propane tanks delivered directly to their doorstep, enhancing convenience during the peak grilling season. Blue Rhino's home delivery, which started in 2021, is now active in 17 U.S. cities. Customers can expect deliveries within approximately 48 hours, without the necessity of being home for the drop-off.

On March 22, 2022, Blue Rhino, a leading propane exchange brand, emphasizes the importance of spring-cleaning for propane grills. The company suggests several maintenance tips for grill owners, such as checking connections for leaks, cleaning grates, ensuring proper burner function, and shining the grill's exterior. With over 60,000 exchange locations, Blue Rhino offers convenient propane exchanges and home delivery services. The spokesperson highlights spring as an ideal season for family gatherings around the grill, reinforcing the brand's connection to outdoor cooking experiences.

Ferrellgas, a nationwide propane logistics company, emphasizes spring maintenance for propane systems and appliances. Vice President Megan Sharp highlights the importance of safety and cost-saving measures for homeowners. Key recommendations include removing combustible materials near propane tanks, inspecting unused appliances, calling 811 before digging, and ensuring propane cylinders are stored safely. The company also offers resources for propane safety. Ferrellgas serves customers across all 50 states and has a significant presence with its Blue Rhino brand.

Ferrellgas Partners, L.P. (OTC: FGPR) reported financial results for the second fiscal quarter ended January 31, 2022, showcasing a 24% increase in revenues to $684.9 million from $553.5 million year-over-year. Gross profit rose 7% to $298.2 million, while operating income surged 18% to $134.9 million. Net earnings attributed to Ferrellgas increased by 71% to $108.4 million. Despite a 3% decline in gallons sold due to warmer weather, strategic initiatives and operational efficiencies bolstered overall performance. The company remains committed to improving technology and logistics for enhanced profitability.

Blue Rhino has partnered with the International Rhino Foundation (IRF) to promote rhino conservation globally. The initiative aims to raise awareness and support for viable rhino populations and their habitats in Africa and Asia. Blue Rhino, a leading propane tank exchange brand, will leverage its extensive network of over 60,000 retail locations to highlight the cause through marketing campaigns. This partnership aligns with the Ferrellgas Century Project, which focuses on social, environmental, and governance initiatives as Ferrellgas approaches its 100th anniversary.