Welcome to our dedicated page for Ferrellgas Part SEC filings (Ticker: FGPR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Ferrellgas Partners, L.P. filings document material-event reporting for a propane distribution partnership and its related finance and operating entities, including Ferrellgas Partners Finance Corp., Ferrellgas, L.P., and Ferrellgas Finance Corp. The records identify the partnership structure, general-partner governance, operating and financial results, and capital-structure matters.
Recurring disclosures include 8-K reports on senior notes, revolving credit facilities, unit distributions, shareholder voting matters, and other governance actions. The filings also provide formal records of financing subsidiaries, guarantees, and partnership-level obligations connected to the Ferrellgas propane business.
Ferrellgas Partners L.P. director James E. Ferrell reported a conversion of partnership units. On March 16, 2026, 3,120 Class B Units were converted into 15,600 Class A Units at a fixed rate of five Class A Units for each Class B Unit, with no cash price per unit.
The transaction is classified as an acquisition through derivative conversion, not an open-market purchase or sale, and leaves Ferrell with 15,600 Class A Units held directly. According to the footnote, all of the issuer's outstanding Class B Units were similarly converted into Class A Units.
Ares-affiliated entities reported an existing indirect ownership position in Ferrellgas Partners’ Class A Units. The filing shows 1,563,690 Class A Units held indirectly, with the position split among several Ares-managed funds and vehicles, including ASOF II entities, Ares Capital Corporation and other affiliated partnerships and corporations.
The units also include 9,120 Class A Units held in an account managed or subadvised by Ares Management LLC, over which the Ares entities may share voting or dispositive power. The Ares entities collectively may be deemed to share beneficial ownership but expressly disclaim beneficial ownership of the managed units and of securities not held of record by them.
Ares-affiliated entities filed an initial Form 3 for Ferrellgas Partners, L.P., reporting indirect holdings of 1,563,690 Class A Units. These units are spread across multiple Ares-managed funds and vehicles, with Ares Management LLC serving as manager or general partner for the relevant entities.
The filing notes that the Ares entities may be deemed to share beneficial ownership of the reported securities but disclaim beneficial ownership of units not held of record by them, including certain managed accounts.
Ares-affiliated investment entities reported a significant ownership position in Ferrellgas Partners, L.P. through a Schedule 13D filing. On March 16, 2026, Ferrellgas converted all outstanding Class B Units into Class A Units at a 5‑for‑1 conversion rate. As a result, the Ares entities acquired an aggregate of 1,563,690 Class A Units.
Based on 11,357,605 Class A Units outstanding, this stake represents about 13.8% of the class, with all voting and dispositive power reported as shared among various Ares funds and management vehicles. The position was originally funded by purchasing 312,738 Class B Units for total consideration of $75,036,400. The investors state they hold the units for investment purposes but may from time to time buy more, sell, or adjust exposure, and may discuss strategic alternatives with Ferrellgas management and its board, including potential mergers, asset transactions, capital structure changes, or other corporate actions, although they currently have no specific plans formed.
Ferrellgas Partners, L.P. has converted all of its Class B Units into Class A Units after reaching the Class B Conversion Threshold defined in its partnership agreement. On March 16, 2026, the partnership elected to apply a Class B Conversion Factor of 5.00, so each Class B Unit became five Class A Units.
In total, the partnership issued 6,500,000 Class A Units upon conversion of all Class B Units. The partnership’s public accounting firm determined that these newly issued Class A Units are fully fungible with existing Class A Units and are tradable on the same basis. Computershare Inc. and its affiliate Computershare Trust Company, N.A. were engaged to act as conversion agent.
Ferrellgas Partners, L.P. reported stronger results for the quarter and six months ended January 31, 2026, driven by higher profitability despite slightly lower sales. Total revenues were $641.4M for the quarter and $996.6M for the six months, down modestly from $669.8M and $1,033.9M a year earlier as propane volumes and prices softened.
Cost of sales fell sharply, lifting operating income to $136.2M for the quarter and $138.0M year-to-date, compared with $127.6M and $4.7M in the prior-year periods. Net earnings attributable to Ferrellgas Partners rose to $102.2M for the quarter and $75.3M for six months, versus $98.8M and a loss of $47.8M last year. Cash flow from operating activities improved to $32.2M from a small outflow.
The partnership refinanced its capital structure by redeeming $650.0M of 5.375% notes due 2026 and issuing $650.0M of 9.250% senior notes due 2031, and amended its secured credit facility to extend maturity to October 27, 2028 with borrowing capacity of $350.0M. Senior preferred units of 700,000 remain outstanding with a carrying amount of $651.3M, and no common distributions were declared. Despite a partners’ deficit of $990.4M, continued profits and improved liquidity support ongoing operations in a seasonal propane business.
Ferrellgas Partners, L.P. reported stronger results for the quarter ended January 31, 2026. Revenue slipped to $641.4 million from $669.8 million, but gross profit edged up to $350.4 million as lower propane costs expanded margins.
Net earnings attributable to the partnership rose to $102.2 million from $98.8 million, and Adjusted EBITDA increased to $166.1 million from $157.0 million, helped by lower general and administrative and lease expenses. Margin per gallon improved about 6%, driving roughly 13% higher operating income per gallon.
The board declared a cash distribution of $82.32 per Class B Unit, about $107.0 million in total, payable in March 2026. After this payment, Ferrellgas intends to convert all 1.3 million Class B Units into Class A Units on a 5-for-1 basis, adding 6.5 million Class A Units and simplifying its capital structure.
Ferrellgas Partners, L.P. declared a cash distribution on its Class B Units of $82.32 per unit, totaling about $107.0 million, payable on or about March 13, 2026 to Class B unitholders of record as of March 6, 2026.
This payment causes the partnership to meet the “Class B Conversion Threshold,” allowing it to elect to convert all 1.3 million outstanding Class B Units into Class A Units. The board approved the partnership’s intent to elect this conversion after the distribution, with each Class B Unit to convert into five Class A Units, effective only upon written notice to holders. The filing also states that 100.0% of distributions to non-U.S. investors are treated as effectively connected income, subject to U.S. tax withholding at the highest rate plus an additional 10% withholding, with nominees acting as withholding agents.
Ferrellgas Partners, L.P. filed an update announcing that it will host an Internet teleconference to discuss results for its second fiscal quarter ended January 31, 2026. The webcast is scheduled for March 5, 2026, starting at 8:00 a.m. Central Time (9:00 a.m. Eastern Time).
Investors can access the event at the specified webcast link, and questions may be submitted in advance or during the event via the company’s investor relations email box at InvestorRelations@ferrellgas.com.
Ferrellgas Partners director Scott Ian Asner received 3,796 Phantom Units as a new equity-based award. The grant, dated January 26, 2026, is priced at $0 per unit and leaves him with 3,796 derivative securities beneficially owned on a direct basis.
Each Phantom Unit is economically equivalent to one Class A Unit and accrues dividend-equivalent rights. The units vest on October 9, 2026 and entitle the holder to a future cash payment based on the average closing price of a Class A Unit over 10 trading days preceding specified events, including Board service termination, a change of control, or October 9, 2028.