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.
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.
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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.
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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.
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