Ferrellgas Partners, L.P. ( (FGPR) ) has released its Q2 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 leading propane distribution company operating across the United States, including Puerto Rico, and is known for its Blue Rhino propane exchange brand available at numerous locations nationwide.
In its second fiscal quarter of 2025, Ferrellgas Partners reported a solid financial performance despite challenging weather conditions. The company experienced a significant increase in gross profit and revenues, driven by higher propane prices and increased sales volumes.
Key financial highlights include a 6% increase in gross profit, amounting to $19.1 million, and a 10% rise in revenues compared to the previous year. The company also saw a notable 14% growth in gallons sold, with wholesale sales increasing by 20%. Adjusted EBITDA rose by 7% to $157 million, attributed to increased gross profit and reduced general and administrative expenses.
Despite facing warmer-than-normal weather early in the quarter, which affected propane demand, Ferrellgas successfully managed operational efficiencies and expanded its customer base. The company gained a new autogas customer and saw significant growth in its Blue Rhino business, with a 9% increase in gallons sold during the quarter.
Looking ahead, Ferrellgas remains focused on operational excellence and customer service, positioning itself for continued growth in both retail and wholesale segments. The management is optimistic about leveraging its strategic initiatives to navigate future market dynamics effectively.