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Ferrellgas Partners (FGPR)
OTHER OTC:FGPR
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Ferrellgas Partners
(OTC:FGPR)
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Rating:62Neutral
Price Target:
$14.00
▼(-5.41% Downside)
The most significant factor affecting Ferrellgas Partners' stock score is the financial distress indicated by negative equity and profitability issues. However, the technical analysis suggests strong bullish momentum, which supports a higher score. Corporate events also provide a positive outlook with strong Q3 performance and strategic expansions. Valuation remains a concern due to negative profitability metrics, balancing the more positive aspects.
Ferrellgas Partners (FGPR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$260.39M
Dividend YieldN/A
Average Volume (3M)2.25K
Price to Earnings (P/E)―
Beta (1Y)0.51
Revenue Growth5.25%
EPS GrowthN/A
CountryUS
Employees4,005
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)1.26
Shares Outstanding4,857,605
10 Day Avg. Volume2,080
30 Day Avg. Volume2,248
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap7.75
Enterprise Value/Revenue1.04
Enterprise Value/Gross Profit1.98
Enterprise Value/Ebitda10.34
Forecast
1Y Price Target
$14.00Price Target Upside-5.41% Downside
Rating ConsensusHold
Number of Analyst Covering0
Ferrellgas Partners Business Overview & Revenue Model
Company DescriptionFerrellgas Partners, L.P. distributes and sells propane and related equipment and supplies. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers. It conducts its portable tank exchange operations under the Blue Rhino brand name through a network of independent and partnership-owned distribution outlets. The company's propane is primarily used for space heating, water heating, cooking, outdoor cooking using gas grills, crop drying, irrigation, weed control, and other propane fueled appliances; as an engine fuel for combustion engine vehicles and forklifts; and as a heating or energy source in manufacturing and drying processes. It serves residential, industrial and commercial, portable tank exchange, agricultural, wholesale, and other customers in the United States, the District of Columbia, and Puerto Rico. As of July 31, 2021, it operated 50 service centers and 800 service units for propane distribution locations. The company is also involved in the sale of refined fuels; provision of common carrier services; and retail sale of propane appliances and related parts and fittings, as well as other retail propane related services and consumer products. Ferrellgas Partners, L.P. was founded in 1939 and is headquartered in Overland Park, Kansas.
How the Company Makes MoneyFerrellgas Partners generates revenue primarily through the sale and distribution of propane, which is used for heating, cooking, and energy generation in residential, industrial, and commercial settings. The company operates a large fleet of delivery trucks and a network of distribution points to ensure efficient service to its customers. Additional revenue streams include the sale of propane appliances and related equipment, as well as service contracts for maintenance and repair. Significant partnerships with retailers and wholesale distributors further bolster its revenue by expanding the reach of its portable tank exchange program. Factors such as seasonal demand fluctuations, particularly in colder months, and commodity price changes can impact the company's earnings.
Ferrellgas Partners Earnings Call Summary
Earnings Call Date:Jun 06, 2025
(Q1-2025)
| % Change Since: |
Next Earnings Date:Sep 26, 2025
Earnings Call Sentiment Negative
The earnings call presented a mixed picture with notable achievements in adjusted EBITDA growth, successful acquisitions, and strategic use of technology. However, these positives were overshadowed by significant financial challenges, including a substantial net loss driven by litigation-related expenses, decreased sales volumes due to warm weather, and increased operating expenses.Q1-2025 Updates
Positive Updates
Increase in Gross Profit and Margin
Gross profit increased by $0.9 million or 0.5%, with a margin per gallon increase of 3% due to increased volume on the fixed cost price program for residential customers.
Growth in Tank Exchange Sales
An $8.8 million increase in tank exchange sales was driven by organic growth, particularly from new customer wins, with tank exchange selling locations increasing by 9%.
Adjusted EBITDA Growth
Adjusted EBITDA increased by $2.9 million or 9% to $35.8 million compared to $32.9 million in the prior year quarter.
Successful Acquisitions
Successful onboarding of Eastern Sierra propane and acquisition of Kilhoffer Propane, which perfectly aligned with strategic goals and resulted in market expansion.
Effective Storm Response
Double-digit growth in service areas impacted by hurricanes, with significant support provided through partnerships like Operation Barbecue Relief, which served 1.4 million meals.
Telematics Technology Implementation
Investment in telematics technology led to reduced fuel costs and improved route efficiencies, enhancing logistics and fleet management.
Negative Updates
Decrease in Gallons Sold
Gallons sold decreased by 4.2 million or 3%, with retail gallons sold decreasing 7.7 million or 7%, primarily due to warmer weather and business closures.
Significant Net Loss
Net loss attributable to Ferrellgas Partners LP was $146.6 million, a significant increase from the $17.5 million loss in the prior year quarter, driven by a $125 million accrual related to ongoing litigation.
Increase in Operating and Interest Expenses
Operating expenses increased by $3.5 million and interest expenses by $1.9 million, impacting overall profitability.
Warm Weather Impact
Weather that was 16% warmer than the prior year quarter contributed to the decrease in retail gallons sold and a 3% decrease in retail customers.
Litigation-Related Expenses
A $125 million accrual related to ongoing Eddystone litigation significantly impacted financials, increasing general and administrative expenses.
Company Guidance
In the first quarter of fiscal 2025, Ferrellgas Partners reported a 0.5% increase in gross profit, driven by a 3% rise in margin per gallon and a 4% decrease in the cost of products sold, despite a 2% drop in revenue. The company faced a 3% decline in retail gallons sold, attributed to a 16% warmer weather compared to the previous year and small business closures due to inflation and severe weather events. However, wholesale gallons sold rose by 7%, fueled by an $8.8 million increase in tank exchange sales. The net loss attributable to Ferrellgas Partners LP was $146.6 million, largely due to a $125 million accrual related to the Eddystone litigation. Adjusted EBITDA increased by 9% to $35.8 million, thanks to a $1.6 million decrease in general and administrative expenses and enhancements in logistics and fleet management. The company's strategic initiatives, including the acquisition of Kilhoffer Propane and investments in telematics technology, bolstered operational performance and efficiency.Ferrellgas Partners Financial Statement Overview
Summary
Ferrellgas Partners faces significant financial challenges. Despite revenue growth, profitability is a concern with negative net income and declining profit margins. The balance sheet is weak, with negative equity indicating financial distress and high leverage. Cash flow is a relative strength, showing decent cash generation, but overall financial stability is precarious.Income Statement
The company's income statement shows a mixed performance. The TTM (Trailing-Twelve-Months) data indicates a negative net income, demonstrating challenges in profitability. Although there has been revenue growth compared to previous years, the net profit margin is negative, and the gross profit margin has significantly declined over the years. The EBIT margin is positive, but declining EBITDA margin suggests operational efficiency concerns.55
Neutral
Balance Sheet
The balance sheet reveals a concerning financial position with negative stockholders' equity, indicating financial distress and high leverage. The debt-to-equity ratio is not meaningful due to negative equity, highlighting potential solvency issues. The equity ratio is also negative, reflecting a negative net worth, which poses a risk to financial stability.20
Very Negative
Cash Flow
The cash flow statement shows strong operating cash flow, indicating decent cash generation from operations. However, the free cash flow has fluctuated significantly, though it has improved recently. The operating cash flow to net income ratio is favorable, showing efficient conversion of net income into cash flow, but the free cash flow to net income ratio is still concerning due to negative net income.65
Positive
| Breakdown | TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.94B | 1.84B | 2.03B | 2.11B | 1.75B | 1.50B |
| Gross Profit | 1.02B | 983.14M | 1.01B | 928.03M | 859.65M | 811.77M |
| EBITDA | 195.09M | 308.06M | 329.68M | 339.83M | 190.63M | 191.29M |
| Net Income | -116.23M | 10.22M | 75.85M | 48.00M | -68.41M | -82.50M |
Balance Sheet | ||||||
| Total Assets | 1.50B | 1.46B | 1.53B | 1.61B | 1.73B | 1.67B |
| Cash, Cash Equivalents and Short-Term Investments | 109.33M | 113.48M | 126.22M | 147.53M | 270.45M | 333.76M |
| Total Debt | 1.51B | 1.51B | 1.52B | 1.52B | 1.55B | 2.62B |
| Total Liabilities | 1.83B | 1.76B | 1.78B | 1.84B | 1.90B | 2.88B |
| Stockholders Equity | -255.28M | -871.91M | -218.36M | 37.91M | 88.87M | -2.30M |
Cash Flow | ||||||
| Free Cash Flow | 116.67M | 174.71M | 123.34M | 63.79M | 145.27M | 5.34M |
| Operating Cash Flow | 186.23M | 245.57M | 212.26M | 160.47M | 206.43M | 112.84M |
| Investing Cash Flow | -70.86M | -85.05M | -110.77M | -111.78M | -60.95M | -71.30M |
| Financing Cash Flow | -79.69M | -173.71M | -122.87M | -171.90M | -197.28M | 281.16M |
Ferrellgas Partners Technical Analysis
Positive
14.80
Price Trends
14.58
Positive
12.27
Positive
11.08
Positive
Market Momentum
0.10
Positive
52.64
Neutral
29.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FGPR, the sentiment is Positive. The current price of 14.8 is below the 20-day moving average (MA) of 14.83, above the 50-day MA of 14.58, and above the 200-day MA of 11.08, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 52.64 is Neutral, neither overbought nor oversold. The STOCH value of 29.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FGPR.
Ferrellgas Partners Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $7.76B | 24.91 | 6.62% | 7.04% | -8.65% | -73.25% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | $260.39M | ― | ― | ― | 5.25% | ― | |
61 Neutral | $398.24M | 7.70 | 16.22% | 6.03% | -0.87% | 33.52% | |
60 Neutral | $598.66M | ― | -30.98% | ― | 4.92% | -156.72% | |
54 Neutral | $776.46M | 18.44 | 666.62% | 10.31% | -10.51% | 101.44% | |
51 Neutral | $1.94B | ― | -200.75% | 3.17% | -29.94% | -723.41% |
* Energy Sector Average
FGPR
Ferrellgas Partners
14.80
5.00
51.02%
CLNE
Clean Energy Fuels
2.73
-0.21
-7.14%
DK
Delek US Holdings
32.21
13.12
68.73%
SGU
Star Gas Partners
11.85
1.18
11.06%
SUN
Sunoco
50.71
0.93
1.87%
CAPL
Crossamerica Partners
20.37
0.82
4.19%
Ferrellgas Partners Corporate Events
Business Operations and StrategyFinancial Disclosures
Ferrellgas Partners Reports Strong Q3 Earnings Growth
Positive
Jun 6, 2025
On June 6, 2025, Ferrellgas Partners reported a 9% increase in sales and a 12% growth in net earnings for the third fiscal quarter ended April 30, 2025, driven by strong field performance and residential market growth. The company achieved a 6% increase in propane sales volumes and secured several new national accounts, positioning itself well for the upcoming peak grilling season. Despite higher operating and interest expenses, Ferrellgas saw a 10% rise in Adjusted EBITDA, reflecting operational efficiencies and effective cost management. The company is also actively working on debt refinancing and monitoring global trade developments to mitigate potential impacts on its operations.
Business Operations and StrategyFinancial Disclosures
Ferrellgas Partners Reports Strong Q3 2025 Performance
Positive
Jun 6, 2025
On June 6, 2025, Ferrellgas Partners reported a 9% increase in sales and a 12% rise in net earnings for the third fiscal quarter ended April 30, 2025, driven by strong field performance and residential market growth. The company also secured several new national accounts and multi-year contracts, enhancing its market position. Despite higher operating and interest expenses, Ferrellgas achieved a 10% increase in Adjusted EBITDA. The company is preparing for the peak grilling season with strategic expansions and capital projects at Blue Rhino production plants, while also addressing potential trade policy impacts on its supply chain.
Financial Disclosures
Ferrellgas Partners to Discuss Q3 Results June 6
Neutral
Jun 4, 2025
Ferrellgas Partners announced that it will hold a teleconference on June 6, 2025, to discuss its third fiscal quarter results, which ended on April 30, 2025. The teleconference will be webcast online, allowing stakeholders to submit questions via email, potentially impacting investor engagement and transparency.
Financial Disclosures
Ferrellgas Partners to Discuss Q3 2025 Results
Neutral
Jun 4, 2025
On Friday, June 6, 2025, Ferrellgas Partners will hold an internet teleconference to discuss its third fiscal quarter results, which ended on April 30, 2025. The webcast aims to provide insights into the company’s operational performance and its implications for stakeholders.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.