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Ferrellgas Partners
(OTC:FGPR)
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Rating:56Neutral
Price Target:
$23.00
▲(6.73% Upside)
Action:Reiterated
Date:09/29/26
FGPR scores in the mid-range primarily due to the tug-of-war between solid current cash generation/profitability and a highly stressed balance sheet with heavy leverage and negative equity. The earnings call was a positive contributor (liquidity, refinancing, structure simplification, and constructive FY27 outlook), while technicals are neutral-to-soft and valuation metrics (negative P/E, no dividend yield provided) offer limited support.
Positive Factors
Strong cash generation
Substantial operating and free cash flow gives Ferrellgas internal funding for seasonal working capital, maintenance, growth investment, and debt reduction. This cash engine is especially important because it can support operations and capital allocation without relying entirely on additional external financing.
Negative Factors
Highly stressed balance sheet
Heavy leverage and negative equity materially reduce financial flexibility and increase vulnerability if operating performance weakens. The capital structure also leaves Ferrellgas exposed to refinancing and covenant pressure, making debt reduction a central constraint on future investment and distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Substantial operating and free cash flow gives Ferrellgas internal funding for seasonal working capital, maintenance, growth investment, and debt reduction. This cash engine is especially important because it can support operations and capital allocation without relying entirely on additional external financing.
Read all positive factors
Ferrellgas Partners (FGPR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$253.81M
Dividend Yield2.48%
Average Volume (3M)3.48K
Price to Earnings (P/E)―
Beta (1Y)0.02
Revenue Growth-3.83%
EPS Growth41.98%
CountryUS
Employees3,990
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)-14.07
Shares Outstanding11,357,605
10 Day Avg. Volume5,561
30 Day Avg. Volume3,481
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)-0.29
Price to Sales (P/S)0.06
P/FCF Ratio1.52
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ferrellgas Partners Business Overview & Revenue Model
Company Description
Ferrellgas Partners, L.P. retail distribution of propane, related equipment and supplies. It transports propane to propane distribution locations, tanks on customers’ premises, or to portable propane tanks delivered to retailers. The company also ...
How the Company Makes Money
Ferrellgas makes money primarily by purchasing propane in bulk from suppliers and reselling it to end customers at a markup that reflects commodity costs, transportation/logistics, and retail margins. Its core revenue stream is the retail sale and...
Ferrellgas Partners Earnings Call Summary
Earnings Call Date:Sep 25, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Dec 10, 2026
Earnings Call Sentiment Positive
The call was broadly constructive. Ferrellgas reported quarterly adjusted EBITDA growth, improved full-year net earnings, successful refinancing and unit-structure simplification, strong liquidity, customer and safety gains, and favorable regulatory developments. These positives were partly offset by a 3% full-year adjusted EBITDA decline, lower gallon volumes caused by unusually warm weather, a higher quarterly net loss, and increased interest and operating costs. Management expressed confidence entering fiscal 2027, so the positive topics significantly outweighed the stated challenges.Positive Updates
Fourth-Quarter Adjusted EBITDA Growth
Fourth-quarter adjusted EBITDA increased $700,000, or 3%, to $23.8 million from $23.1 million in the prior-year period.
Negative Updates
Full-Year Adjusted EBITDA Decline
Fiscal 2026 adjusted EBITDA was $321.3 million versus $330.7 million in fiscal 2025, a decrease of $9.4 million, or 3%, primarily reflecting the decision to resolve several legacy general liability claims from prior years.
Read all updates
Q4-2026 Updates
Positive
Negative
Fourth-Quarter Adjusted EBITDA Growth
Fourth-quarter adjusted EBITDA increased $700,000, or 3%, to $23.8 million from $23.1 million in the prior-year period.
Read all positive updates
Company Guidance
Entering fiscal '27, Ferrellgas said propane supply remains plentiful, which underpins stable margins and reliable service, while its national accounts team continues to build momentum with new expanded customer relationships; it will manage headwinds including elevated diesel costs and evolving tariff environment through operational efficiencies and ongoing cost discipline. The company said it had total liquidity of $195.1 million at July 31, 2026, including $48.4 million of cash and $146.7 million available on its revolver, providing flexibility for seasonal working capital, continued growth investment and debt reduction, with a distribution at some point in the future. Ferrellgas also cited HAZMAT endorsement laws for 18-year-olds in 13 states and said data center backup power is an emerging opportunity still in its early stage that it has not yet sized in its numbers; the new 5-year FERC pipeline shipping rate index is estimated to save the propane industry roughly $7 billion versus the prior index and closer to $14 billion versus what the pipelines had originally thought.Ferrellgas Partners Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
18
Very Negative
Cash Flow
74
Positive
| Breakdown | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.86B | 1.94B | 1.84B | 2.03B | 2.11B |
| Gross Profit | 1.02B | 915.99M | 983.14M | 1.01B | 928.03M |
| EBITDA | 310.17M | 191.49M | 308.06M | 329.68M | 339.83M |
| Net Income | 70.49M | -15.41M | 10.22M | 75.85M | 48.00M |
Balance Sheet | |||||
| Total Assets | 1.36B | 1.42B | 1.46B | 1.53B | 1.61B |
| Cash, Cash Equivalents and Short-Term Investments | 48.42M | 96.88M | 113.48M | 126.22M | 147.53M |
| Total Debt | 1.64B | 1.55B | 1.54B | 1.54B | 1.56B |
| Total Liabilities | 1.79B | 1.79B | 1.76B | 1.78B | 1.84B |
| Stockholders Equity | -399.72M | -298.44M | -220.56M | -218.36M | 37.91M |
Cash Flow | |||||
| Free Cash Flow | 75.34M | 56.34M | 174.71M | 123.34M | 63.79M |
| Operating Cash Flow | 152.66M | 136.35M | 245.57M | 212.26M | 160.47M |
| Investing Cash Flow | -75.53M | -80.80M | -85.05M | -110.77M | -111.78M |
| Financing Cash Flow | -125.59M | -82.82M | -173.71M | -122.87M | -171.90M |
Ferrellgas Partners Technical Analysis
Positive
21.55
Price Trends
22.25
Positive
22.96
Negative
22.70
Negative
Market Momentum
>-0.01
Negative
58.01
Neutral
73.33
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 21.55 is below the 20-day moving average (MA) of 21.72, below the 50-day MA of 22.25, and below the 200-day MA of 22.70, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.01 is Neutral, neither overbought nor oversold. The STOCH value of 73.33 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $14.87B | 14.20 | 18.17% | 5.28% | 83.34% | 123.75% | |
66 Neutral | $419.33M | 6.26 | 20.42% | 5.96% | 7.58% | 33.62% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
57 Neutral | $4.21B | 19.55 | 95.27% | 1.43% | 11.40% | ― | |
57 Neutral | $813.85M | 15.04 | -72.93% | 9.83% | 0.29% | 21.69% | |
56 Neutral | $253.81M | -1.59 | -20.48% | 2.48% | -3.83% | 41.98% | |
49 Neutral | $346.10M | -3.57 | -16.68% | ― | 4.50% | 52.98% |
* Energy Sector Average
FGPR
Ferrellgas Partners
22.37
7.59
51.35%
CLNE
Clean Energy Fuels
1.56
-1.04
-40.00%
DK
Delek US Holdings
71.37
39.79
125.98%
SGU
Star Gas Partners
12.84
1.69
15.14%
SUN
Sunoco
72.87
26.01
55.51%
CAPL
Crossamerica Partners
21.36
2.89
15.67%
Ferrellgas Partners Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Ferrellgas Partners Reports Fiscal 2026 Results, EBITDA Up
Positive
Sep 25, 2026
On September 25, 2026, Ferrellgas Partners reported results for its fourth fiscal quarter and year ended July 31, 2026, highlighting a 3% rise in quarterly Adjusted EBITDA to $23.8 million despite warmer-than-normal weather that reduced propane vo...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Ferrellgas Partners Reports Fiscal 2026 Results and Outlook
Positive
Sep 25, 2026
On September 25, 2026, Ferrellgas reported its fourth-quarter and full-year results for the fiscal year ended July 31, 2026, highlighting a 3% rise in fourth-quarter Adjusted EBITDA to $23.8 million despite warmer-than-normal U.S. weather and soft...
Financial Disclosures
Ferrellgas Partners Schedules Q4 and Fiscal 2026 Webcast
Neutral
Sep 23, 2026
On Friday, September 25, 2026, Ferrellgas Partners plans to host an Internet teleconference to review its results of operations for the fourth fiscal quarter and fiscal year that ended on July 31, 2026. The webcast, scheduled to begin at 8:00 a.m....
Business Operations and StrategyFinancial Disclosures
Ferrellgas Schedules Webcast to Review Fiscal 2026 Results
Neutral
Sep 23, 2026
Ferrellgas Partners announced it will hold an Internet teleconference on Friday, September 25, 2026, to review its results of operations for the fourth fiscal quarter and fiscal year ended July 31, 2026. The webcast will begin at 8:00 a.m. Central...
Business Operations and StrategyExecutive/Board Changes
Ferrellgas Partners Extends CEO Tamria Zertuche’s Tenure
Positive
Jul 21, 2026
On July 16, 2026, Ferrellgas, Inc. amended the executive employment agreement of President and Chief Executive Officer Tamria Zertuche, extending her term as chief executive through July 31, 2029. The amendment sets her annual base salary at $935,...
Business Operations and StrategyExecutive/Board Changes
Ferrellgas Partners Extends CEO Contract to Support Strategy
Positive
Jul 21, 2026
On July 16, 2026, Ferrellgas, Inc. and President and Chief Executive Officer Tamria Zertuche entered into a first amendment to her executive employment agreement, extending her term as CEO and principal executive officer through July 31, 2029. The...
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.