Ferrellgas Part Stock Price, News & Analysis

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.

Ferrellgas Partners, L.P. (OTC:FGPR) has appointed Dhiraj Cherian as Chief Financial Officer, effective immediately. Cherian brings over 20 years of financial expertise, most recently holding a CFO position at Panasonic Automotive Systems Company. CEO Jim Ferrell expressed confidence in Cherian's ability to enhance financial performance and drive business transformation. Cherian holds an MBA in Finance and Accounting and has previously worked at Westinghouse Electric and General Electric. Ferrellgas serves propane customers across the U.S., with a strong presence through its Blue Rhino brand.

Ferrellgas emphasizes the critical importance of preparedness during the upcoming hurricane season, predicting continued above-normal activity. The company highlights the role of propane as a reliable energy source in emergencies, aiding in essential needs such as cooking and power generation. Ferrellgas suggests families create emergency plans and maintain sufficient propane supplies. Key safety tips are provided to manage propane tanks during severe weather. Ferrellgas serves customers across the US and Puerto Rico, enhancing community resilience through its products.

Blue Rhino, America's top propane tank exchange brand, celebrates Labor Day with grilling tips. According to a 2020 survey, 56% of grill owners use their grills on Labor Day, making it the third most popular grilling holiday. Blue Rhino offers a checklist that includes recipe suggestions, grilling essentials, and propane tank locations. With over 60,000 retail outlets, Blue Rhino ensures customers can find propane easily. The company emphasizes safety and enjoyment amidst the cooking experience, highlighting its commitment to fueling backyard adventures for nearly three decades.