Ferrellgas Partners, L.P. (FGPR) reported fourth-quarter fiscal 2026 Adjusted EBITDA of $23.8 million, up 3% from $23.1 million a year earlier, while its net loss attributable to the partnership widened 18% to $31.5 million. Gross profit fell $3.9 million, or 2%; the company cited a $6.8 million increase in interest expense and lower gross profit among the drivers of the quarterly loss increase. For fiscal 2026, Adjusted EBITDA was $321.3 million, down 3% from $330.7 million, while net earnings attributable to the partnership were $71.7 million versus a $15.6 million net loss in fiscal 2025. The company attributed the annual Adjusted EBITDA decline primarily to settlement of several legacy general liability claims.
In October 2025, the partnership redeemed $650.0 million aggregate of 2026 Senior Notes, issued $650.0 million aggregate of 2031 Senior Notes, and extended and expanded its revolving credit facility; S&P Global and Moody’s subsequently upgraded its credit ratings. In March 2026, it paid a final aggregate distribution of approximately $107.0 million to Class B unitholders and converted all 1.3 million outstanding Class B Units into 6.5 million Class A Units. At July 31, 2026, total liquidity was $195.1 million, including $48.4 million cash and $146.7 million of availability on its revolving credit facility.
Ferrellgas Partners, L.P. (FGPR) announced that it will conduct an internet teleconference on September 25, 2026, to discuss results of operations for its fourth fiscal quarter and fiscal year ended July 31, 2026. The webcast begins at 8:00 a.m. Central Time (9:00 a.m. Eastern Time); questions may be submitted through the Investor Relations email box.
Ferrellgas Partners, L.P. extended the executive employment agreement of President and CEO Tamria Zertuche. A First Amendment dated July 16, 2026 keeps her in the roles of President, Chief Executive Officer, and principal executive officer through July 31, 2029, unless earlier terminated under the agreement’s terms.
Beginning August 1, 2026, Zertuche will receive an annual base salary of $935,000, subject to upward adjustment at the board’s discretion, and remains eligible for incentive and benefit plans and severance protections linked to the nature of any termination. A related July 21, 2026 press release highlights her leadership during a period of operational transformation and reiterates Ferrellgas’ focus on growth, service, and safety across its nationwide propane and Blue Rhino businesses.
Ferrellgas Partners L P director Edward Newberry reported a series of open-market purchases of Class A Units. On June 16–17, 2026, he bought a total of 1000 Class A Units at prices between $23.805 and $24.400 per unit, increasing his direct holdings to 26124 Class A Units.
Ferrellgas Partners, L.P. reported softer top-line results but much stronger profitability for the quarter and nine months ended April 30, 2026. Revenue for the nine-month period was $1.52 billion, down from $1.59 billion, as propane and other gas liquids sales eased. Despite this, lower product costs and tighter cost control lifted operating income to $198.1 million, up from $92.0 million, and net earnings to $103.9 million from $10.9 million. Operating cash flow rose to $150.7 million, supporting capital spending and preferred unit distributions.
The company refinanced its capital structure by redeeming $650.0 million of 5.375% senior notes due 2026 with new 9.250% senior notes due 2031 and extended its secured credit facility to 2028 with a $350.0 million borrowing capacity. Short-term borrowings under the facility were $87.5 million at a 6.674% rate, and total debt was $1.48 billion. Ferrellgas continues to carry a significant partners’ deficit but maintained compliance with all debt covenants.
Ferrellgas Partners, L.P. reported mixed results for its third fiscal quarter ended April 30, 2026. Revenue fell to $524.6 million from $560.8 million, but gross profit inched up to $291.4 million as propane prices declined and product costs dropped more than revenue.
Net earnings attributable to the partnership declined to $28.0 million from $59.1 million, and Adjusted EBITDA fell to $102.1 million from $114.8 million, largely due to higher operating expenses, including non-recurring casualty claim settlements. The company completed conversion of 1.3 million Class B Units into 6.5 million Class A Units after a final $107.0 million distribution, simplifying its capital structure and redirecting future cash flows toward debt reduction and investment.
Ferrellgas Partners L.P. director Andrew Safran received a grant of 1,019 Phantom Units, each representing the economic equivalent of one Class A Unit. The award was granted at no exercise price and accrues dividend equivalent rights.
The Phantom Units vest on October 9, 2026. After vesting, each unit entitles Safran to a cash payment following the earlier of leaving the Board, a change of control, or October 9, 2028, based on the average closing price of a Class A Unit over the 10 trading days before that event.
Ferrellgas Partners, L.P. and its affiliated entities filed an update stating that the company will host an online teleconference on June 5, 2026 to discuss results of operations for the third fiscal quarter ended April 30, 2026. The webcast will begin at 9:00 a.m. Central Time (10:00 a.m. Eastern Time), and investors can listen via the provided web link and submit questions through the company’s investor relations email address.
Ferrellgas Partners, L.P. director Andrew Safran filed a Form 3, which is the required initial statement of beneficial ownership for new insiders. This filing lists him as a director but shows no reported share holdings or insider transactions at the time of the report.
Ferrellgas Partners, L.P. reported board and leadership updates alongside details of an advisory agreement. Andrew Safran was appointed to the Board of Ferrellgas, Inc., general partner of Ferrellgas Partners, L.P. and Ferrellgas, L.P., bringing decades of investment banking and energy‑sector experience.
Safran is the principal contact under a consulting agreement between the Company and Crito Capital LLC, under which the Company will pay a $40,000 monthly fee for at least 12 months beginning July 2025 plus additional transaction-based fees capped at $7 million in total, and reimburse documented expenses. He will receive customary director compensation and indemnification and is not initially expected to join any board committee.
A press release also highlighted succession planning moves, including Safran’s appointment and naming existing director Pamela A. Breuckmann as Vice Chair of the Board, while Chairman Jim Ferrell continues in his role. The release notes prior refinancing of Senior Notes due 2026, renewal and extension of the credit agreement, and conversion of all outstanding Class B Units into Class A Units, which the Company states have improved financial flexibility and simplified its capital structure.