Ferrellgas Part Stock Price, News & Analysis

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.

Operation BBQ Relief and Blue Rhino have expanded their successful partnership that started in 2011. This collaboration aims to aid victims of natural disasters by providing propane for cooking. The partnership now includes Ferrellgas, a major provider of bulk propane, enhancing the ability to support disaster response efforts. Over the past decade, Operation BBQ Relief has served nearly 10 million meals to affected communities. The new partnership aims to bolster these efforts with industrial-sized cookers and additional resources, reinforcing both companies' commitment to service.

Blue Rhino, a subsidiary of Ferrellgas, has expanded its home delivery service to Long Island, New York, allowing customers to receive freshly inspected propane tanks within 48 hours of purchase. The service is aimed at both residential and commercial customers, including restaurants. This expansion follows the acquisition of two local propane companies in 2021 and increases Blue Rhino's delivery markets to 13 U.S. cities. Customers can choose to exchange or receive new tanks without the need for contracts or subscriptions.

Ferrellgas reminds propane users in the U.S. to ensure safe and efficient fuel delivery during winter. As the season approaches, homeowners are advised to monitor tank levels closely and contact providers when levels drop to 30%. The company emphasizes the importance of providing clear access to tanks and offers energy conservation tips during extreme weather. Ferrellgas operates across all 50 states and Puerto Rico, serving millions of customers and is committed to simplifying the propane experience. For further guidance or assistance, homeowners can reach out to customer service.

Ferrellgas Partners, L.P. (OTC: FGPR) reported robust financial results for the first fiscal quarter ended October 31, 2021. Gross profit rose by $10.8 million, or 6.7%, year-over-year, while operating income surged by 60%, reaching an increase of $4.6 million. Despite an $8.6 million net loss, improved adjusted EBITDA of $37.3 million was noted. Operating expenses decreased by 7.4% compared to the last year. The company also expanded its community efforts through a partnership with Operation Warm, providing winter coats to children in need.

Ferrellgas Partners, L.P. (OTC:FGPR), a leading propane logistics company, has formed a partnership with Operation Warm, a nonprofit that provides winter coats to underserved children. COO Tamria Zertuche emphasized the importance of this initiative in enhancing community well-being. Operation Warm has already benefited over 4 million children in the U.S. and Canada. The partnership aims to deliver not only physical warmth but also emotional support and hope for a better future. Ferrellgas operates across all 50 states and emphasizes its commitment to helping local communities.

Ferrellgas announces the graduation of 22 trainees from its Management Development Program, highlighting their 18,500 hours of training in corporate and field modules. Graduates will transition into full-time roles, applying their newly acquired skills to enhance business operations. The program, initiated in 2020, addresses employee demand for leadership pathways, currently housing 42 active candidates. Furthermore, the trainees dedicated 414 service hours to the Veterans Community Project in Kansas City. Applications for the Summer 2022 class are now open.

Ferrellgas Partners, L.P. (OTC: FGPR) announced strong financial results for fiscal year 2021, reporting a $67.6 million increase in operating income, a 45% year-over-year growth. The gross profit rose by $47.9 million, supported by a 6% increase in overall gallons sold, with fourth-quarter gross profit up $3.9 million. Adjusted EBITDA grew by $52.6 million to $318.1 million for the year. The company successfully emerged from bankruptcy in March 2021 and paid a $49.9 million distribution to Class B unit holders in October 2021.