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Last $22.75 USD
Change Today +0.0999 / 0.44%
Volume 26.4K
FGP On Other Exchanges
Symbol
Exchange
New York
As of 10:40 AM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

ferrellgas partners-lp (FGP) Snapshot

Open
$22.58
Previous Close
$22.65
Day High
$22.75
Day Low
$22.51
52 Week High
09/2/14 - $28.70
52 Week Low
06/4/15 - $21.67
Market Cap
2.0B
Average Volume 10 Days
337.4K
EPS TTM
$0.38
Shares Outstanding
89.0M
EX-Date
--
P/E TM
59.1x
Dividend
$2.05
Dividend Yield
8.85%
Current Stock Chart for FERRELLGAS PARTNERS-LP (FGP)

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ferrellgas partners-lp (FGP) Details

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies primarily in the United States. 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 power vehicles and forklifts; and as a heating or energy source in manufacturing and drying processes. It serves residential, industrial/commercial, portable tank exchange, agricultural, wholesale, and other customers in 50 States, the District of Columbia, and Puerto Rico. As of July 31, 2014, it had 864 propane distribution locations. The company is also involved in the sale of refined fuels; provision of common carrier services; retail sale of propane appliances and related parts and fittings, as well as other retail propane related services and consumer products; sale of gas grills, grilling tools and accessories, patio heaters, fireplace and garden accessories, mosquito traps, and other outdoor products; and treatment and disposal of salt water generated from crude oil production, as well as in the sale of crude oil. In addition, it owns and operates eight salt water disposal wells in and around the Eagle Ford shale in south Texas. Ferrellgas Partners, L.P. was founded in 1939 and is based in Overland Park, Kansas.

Founded in 1939

ferrellgas partners-lp (FGP) Top Compensated Officers

Chief Executive Officer of Ferrellgas Inc, Pr...
Total Annual Compensation: $1.0M
Chairman of Ferrellgas Inc
Total Annual Compensation: $78.8K
Chief Operating Officer of Ferrellgas Inc and...
Total Annual Compensation: $500.0K
Executive Vice President of Ferrellgas Inc an...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2014.

ferrellgas partners-lp (FGP) Key Developments

Ferrellgas Partners LP Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended April 30, 2015; Provides Earnings Guidance for the Fiscal Year Ending July 31, 2015

Ferrellgas Partners LP announced unaudited consolidated earnings results for the third quarter ended April 30, 2015. For the quarter, the company’s adjusted EBITDA of $96.3 million, down 4% from the $99.8 million in the prior year quarter reflecting temperatures that were 6% warmer than prior year quarter. Total revenue was $532,551,000 compared to $722,117,000 a year ago. Operating income was $60,435,000 compared to $67,531,000 a year ago. Earnings before income taxes were $37,137,000 compared to $47,567,000 a year ago. Net earnings attributable to the company were $35,812,000 or $0.43 per basic and diluted share compared to $45,385,000 or $0.57 per basic and diluted share a year ago. EBITDA was $83,563,000 compared to $88,164,000 a year ago. For the first nine months ended April 30 of fiscal 2015, the company’s adjusted EBITDA improved to $267.6 million, up from $262.6 million posted in the first nine months of the prior fiscal year. Similar to quarterly results, strong margin cents per gallon and operating expense declines offset temperatures that were 8% warmer than the fiscal 2014 period. Net earnings were $89.4 million or $1.06 per unit for the first nine months of fiscal 2015. Total revenue was $1,641,879,000 compared to $2,006,830,000 a year ago. Operating income was $163,082,000 compared to $169,423,000 a year ago. Earnings before income taxes were $90,870,000 compared to $84,347,000 a year ago. Net earnings attributable to the company were $88,395,000 or $1.06 per basic and diluted share compared to $81,006,000 or $1.01 per basic and diluted share a year ago. EBITDA was $232,216,000 compared to $209,540,000 a year ago. The company provided earnings guidance for the fiscal year ending July 31, 2015. For the period, the company expected net earnings attributable to company of $70,500,000 and adjusted EBITDA guidance of $300 million to $320 million for fiscal 2015.

Ferrellgas Partners Seeks Acquisitions

Ferrellgas Partners LP (NYSE:FGP) is looking for acquisition opportunities. Ferrellgas remains dedicated to the aggressive pursuit of accretive, complementary acquisitions in both the traditional propane space and midstream. Stephen L. Wambold, President and Chief Executive Officer of Ferrellgas Partners said, "We’ve made smart business decisions over the last few years and put ourselves in position to move boldly and decisively on the acquisition front. Our acquisition pipeline is strong and keeps getting stronger, and we remain committed to exploring a wide range of opportunities that fit our model and our culture."

Bridger Logistics, LLC, Ferrellgas Partners LP - M&A Call

To enter into a definitive purchase and sale agreement to acquire Bridger Logistics, LLC

 

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FGP:US $22.75 USD +0.0999

FGP Competitors

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Company Last Change
Crestwood Midstream Partners LP $11.23 USD -0.13
Martin Midstream Partners LP $32.35 USD -0.22
Suburban Propane Partners LP $40.31 USD 0.00
Laclede Group Inc/The $52.50 USD +0.27
WGL Holdings Inc $54.30 USD -0.01
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Industry Analysis

FGP

Industry Average

Valuation FGP Industry Range
Price/Earnings 46.3x
Price/Sales 0.9x
Price/Book NM Not Meaningful
Price/Cash Flow 15.1x
TEV/Sales 0.3x
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