Ferrellgas Partners, L.P. ( (FGPR) ) has released its Q4 earnings. Here is a breakdown of the information Ferrellgas Partners, L.P. presented to its investors.
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Ferrellgas Partners, L.P. is a nationwide propane distribution company, serving customers across the United States and Puerto Rico, and is known for its Blue Rhino propane exchange brand. The company recently released its financial results for the fiscal year 2025, highlighting growth in annual sales volume, revenue, gross profit, and adjusted EBITDA despite challenges in the fourth quarter.
For fiscal 2025, Ferrellgas reported an increase in adjusted EBITDA by 4% to $330.7 million, driven by a $39.7 million increase in gross profit and a $101.2 million rise in revenues. However, the fourth quarter saw a 31% decrease in adjusted EBITDA due to higher general and administrative expenses and operating costs. The company also faced a net loss of $15.6 million for the fiscal year, compared to net earnings of $110.2 million in fiscal 2024, attributed to increased interest expenses and legal settlements.
Operationally, Ferrellgas achieved a record gross profit of over $1 billion, with retail and wholesale sales contributing significantly. Despite warmer weather, propane sales increased by 3% for the year, with retail sales growing by 4% and wholesale sales by 8%. The company’s investment in telematics technology and employee training played a crucial role in improving delivery metrics and responding effectively to emergencies, such as the Texas flooding.
Looking ahead, Ferrellgas remains committed to leveraging technology and employee expertise to drive further growth and efficiency. The management’s focus on safety and innovation positions the company well for future challenges and opportunities in the propane industry.