Core Insights - Ferrellgas Partners, L.P. reported a strong start to fiscal 2026, with operational improvements and successful refinancing efforts contributing to a positive outlook for the winter heating season and the full fiscal year [2][3] Financial Highlights - The company completed financing transactions in October 2025, including redeeming $650 million of Senior Notes due 2026 and issuing $650 million of new Senior Notes due 2031, which strengthened its balance sheet [3] - Revenue for the first fiscal quarter decreased by $8.9 million, or 2%, to $355.2 million, while gross profit remained flat at $195.2 million [4][17] - Adjusted EBITDA decreased by $6.5 million, or 18%, to $29.3 million compared to the prior year quarter, primarily due to increased operating and administrative expenses [5][19] Operational Highlights - Retail sales increased by $0.7 million, driven by a $2.8 million rise in sales to residential and agricultural customers, despite a decrease in wholesale sales due to the absence of significant weather events [4][10] - The retail business experienced a 37% increase in temporary heat tank sets compared to the prior year, indicating strong customer demand [9] - The wholesale business normalized due to a lack of storm-related demand, but the company maintained profitability through disciplined management of production and logistics costs [10] Balance Sheet Overview - As of October 31, 2025, total assets were $1.38 billion, a decrease from $1.42 billion at the end of the previous fiscal year [29] - Current liabilities decreased significantly from $914.5 million to $289.0 million, reflecting improved financial flexibility [29] - Long-term debt increased to $1.45 billion from $815.5 million, indicating a strategic shift in financing [29] Customer and Market Strategy - The company focused on enhancing customer service and retention, particularly in the North Central, Northeast, and Pacific regions, through investments in customer service representatives [9] - Strategic outbound calling campaigns were implemented to capture on-demand customers in preparation for the winter season [9][11]

Core Insights - The appointment of Megan Sharp to the Propane Education & Research Council (PERC) highlights the importance of leadership in the evolving propane industry [1][2][3] - Sharp emphasizes the role of propane as a clean, affordable, and reliable energy source, aiming to enhance its presence in the national energy conversation [2] - Ferrellgas, through its operating partnership, serves propane customers across all 50 states, the District of Columbia, and Puerto Rico, with a significant presence through its Blue Rhino brand [3] Group 1 - Megan Sharp has been appointed as a Councilor to PERC, which focuses on safety, training, research, and consumer education in the propane industry [1][2] - Sharp brings nearly 20 years of industry experience and a commitment to advancing the propane sector [2] - Ferrellgas' President and CEO, Tamria Zertuche, recognizes Sharp's leadership in operations and customer experience as a valuable asset for the company and the industry [3] Group 2 - Ferrellgas operates in all 50 states and has a significant market presence with approximately 65,000 locations selling its Blue Rhino propane exchange brand [3] - The company has an employee stock ownership plan, with employees indirectly owning 1.1 million Class A Units of the partnership [3] - Ferrellgas filed its Annual Report on Form 10-K for the fiscal year ended July 31, 2025, with the SEC on October 15, 2025 [3]

Core Viewpoint - Ferrellgas, L.P. successfully completed an offering of $650 million in senior notes, enhancing its financial flexibility and supporting long-term growth initiatives [1][4]. Group 1: Senior Notes Offering - The company issued $650 million in 9.250% senior notes due 2031 at an offering price of 100% of the principal [1]. - The notes are senior obligations guaranteed by Ferrellgas, Inc. and its subsidiaries, with proceeds used to redeem existing 5.375% senior notes due 2026 [2]. Group 2: Credit Agreement Amendment - Ferrellgas entered into a Seventh Amendment to its Credit Agreement, extending maturity to October 2028 and increasing borrowing capacity to $350 million [3]. - The amendment includes an accordion feature allowing for an additional $50 million in borrowing under certain conditions [3]. Group 3: Management Commentary - The CEO highlighted the significance of these transactions for financial flexibility and long-term strategic growth, emphasizing the trust and hard work of employees [4]. Group 4: Company Overview - Ferrellgas Partners, L.P. provides propane services across all 50 states, the District of Columbia, and Puerto Rico [5].

Core Viewpoint - Ferrellgas, L.P. and its subsidiary announced the pricing of a $650 million offering of 9.250% senior notes due 2031, expected to close around October 27, 2025 [1][2] Group 1: Offering Details - The offering consists of $650 million aggregate principal amount of senior notes priced at 100% of the principal [1] - The notes will be senior obligations guaranteed by Ferrellgas, Inc. and its existing and future subsidiaries [2] - The net proceeds will be used to redeem all of the Issuers' 5.375% Senior Notes due 2026, contingent upon the completion of the offering and an amendment to the credit agreement [2] Group 2: Regulatory Information - The notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the U.S. without registration or an exemption [3] - The offering is limited to qualified institutional buyers and certain non-U.S. persons [3] Group 3: Company Overview - Ferrellgas Partners, L.P. serves propane customers across all 50 states, the District of Columbia, and Puerto Rico through its operating partnership and subsidiaries [4]

Core Viewpoint - Ferrellgas, L.P. plans to offer $650 million in senior notes due 2031 to refinance existing debt and improve financial flexibility [1][2]. Group 1: Offering Details - The senior notes will be guaranteed on a senior unsecured basis by Ferrellgas, Inc. and its subsidiaries, with certain exceptions [2]. - The proceeds from the offering will be used to redeem all of the existing 5.375% Senior Notes due 2026, contingent upon the successful completion of the offering and an amendment to the credit agreement [2]. Group 2: Regulatory Information - The notes will not be registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers and certain non-U.S. persons [3]. Group 3: Company Overview - Ferrellgas Partners, L.P. provides propane services across all 50 states, the District of Columbia, and Puerto Rico through its operating partnership and subsidiaries [4].

Core Insights - Ferrellgas Partners, L.P. reported growth in annual sales volume, revenue, gross profit, and adjusted EBITDA for fiscal year 2025, despite a decrease in adjusted EBITDA for the fourth quarter [2][5]. Financial Highlights - For the fourth fiscal quarter, adjusted EBITDA decreased by $10.5 million, or 31%, to $23.1 million compared to $33.6 million in the prior year quarter, primarily due to increased general and administrative expenses and operating expenses [3][4]. - For fiscal 2025, adjusted EBITDA increased by $13.3 million, or 4%, to $330.7 million compared to $317.4 million in fiscal 2024, driven by a $39.7 million increase in gross profit [5][6]. - Gross profit for fiscal 2025 reached over $1.0 billion, a 4% increase, attributed to a $101.2 million increase in revenues, partially offset by a $61.5 million increase in cost of product [6][10]. Operational Highlights - Gallons sold for the fourth fiscal quarter decreased by 3.3 million gallons, or 2%, but increased by 20.4 million gallons, or 3%, for fiscal 2025 [12]. - Retail sales increased by $2.9 million, or 2%, for the fourth fiscal quarter and $48.3 million, or 4%, for fiscal 2025, with growth across all customer types except agricultural customers [13]. - Wholesale sales increased by $0.4 million, or 0.2%, for the fourth fiscal quarter and $41.6 million, or 8%, for fiscal 2025 [14]. Expense Analysis - The increase in operating expenses for fiscal 2025 was $24.7 million, driven by increases in plant and other expenses and personnel costs [5][7]. - Interest expense increased by $9.8 million, primarily due to higher amortization of debt issuance costs and other interest charges [8]. Net Loss - The company recognized a net loss attributable to Ferrellgas Partners, L.P. of $26.8 million for the fourth fiscal quarter and $15.6 million for fiscal 2025, compared to net earnings of $110.2 million in fiscal 2024 [9][22].

Core Insights - Ferrellgas continues its commitment to educational advancement through the Ferrellgas Scholarship Program, supporting 14 students in their higher education journeys [1][2][3] Group 1: Scholarship Program Overview - The Ferrellgas Scholarship Program, now in its fourth decade, provides financial support to children of Ferrellgas and Blue Rhino employees, focusing on academic achievement, community involvement, leadership, and financial need [2] - This initiative is part of the Ferrellgas Century Project, which aims to give back to youth and communities as the company approaches its 100th anniversary in 2039 [2] Group 2: Scholarship Recipients - The 2025 scholarship recipients will study various fields including nursing, mechanical engineering, finance, psychology, and environmental conservation at colleges across the country [3][6] - The program reflects Ferrellgas's values of hard work, integrity, service, and a vision for a better future [3] Group 3: Company Background - Ferrellgas Partners, L.P. serves propane customers in all 50 states, the District of Columbia, and Puerto Rico, with its Blue Rhino brand available at over 65,000 locations nationwide [4] - Employees indirectly own 1.1 million Class A Units of the partnership through an employee stock ownership plan [4]

Core Insights - Ferrellgas Partners, L.P. has appointed Andrew Safran as a consultant, bringing extensive experience from his previous roles in investment banking and energy sectors [1][2] - The company aims to leverage Mr. Safran's relationships and expertise to enhance its capital structure following a strong performance in Fiscal 2025 Q3 [2] Company Overview - Ferrellgas Partners, L.P. operates in the propane logistics sector, serving customers across all 50 states, the District of Columbia, and Puerto Rico [3] - The company’s Blue Rhino propane exchange brand is available at over 68,000 locations nationwide [3] - Employees of Ferrellgas indirectly own 1.1 million Class A Units through an employee stock ownership plan [3]

Core Insights - Ferrellgas Partners, L.P. has appointed Andrew Safran as a consultant, leveraging his extensive experience in investment banking and energy transition [1][2] - The company aims to strengthen its capital structure following a strong performance in Fiscal 2025 Q3 [2] Company Overview - Ferrellgas Partners, L.P. operates in the propane logistics sector, serving customers across all 50 states, the District of Columbia, and Puerto Rico [3] - The company’s Blue Rhino propane exchange brand is available at over 68,000 locations nationwide [3] - Employees of Ferrellgas indirectly own 1.1 million Class A Units through an employee stock ownership plan [3] Leadership Insights - CEO Tamria Zertuche expressed confidence in Safran's ability to enhance the company's relationships within the banking community and the industry [2] - Chairman James Ferrell highlighted his long-standing relationship with Safran and the value of his experience to the company [2]

Ferrellgas Most Trustworthy A Ferrellgas bobtail truck with the Most Trustworthy Logo LIBERTY, Mo., April 14, 2025 (GLOBE NEWSWIRE) -- Ferrellgas Partners, L.P. (OTC: FGPR), a technology enabled propane logistics company, is pleased to announce that, for the second time, it has been named one of the Most Trustworthy Companies in America by Newsweek. The results were based on an independent survey of roughly 25,000 Americans, which included questions about customer, investor, and employee trust. The resu ...