Ferrellgas Partners, L.P. Reports Second Quarter Fiscal Year 2025 Results

About this update from Ferrellgas Partners, L.p.

[{"type":"text","content":"LIBERTY, Mo., March 07, 2025 (GLOBE NEWSWIRE) -- Ferrellgas Partners, L.P. (OTC: FGPR) (“Ferrellgas” or the “Company”) today reported financial results for its 2025 second fiscal quarter ended January 31, 2025.","length":210,"tagName":"p"},{"type":"text","content":"In sharing 2025 fiscal second quarter results, Tamria Zertuche, President and Chief Executive Officer, commented, “In the second fiscal quarter, our experienced field professionals showcased their operational excellence in every facet of our business. With a warm start to the quarter, our leaders needed to manage expenses while adequately planning for the coming heating season. Though dry weather resulted in lower than normal agricultural needs for propane in November, the latter half of December and January provided an opportunity for positive demand in all customer segments. In January, our drivers braced against the elements and safely met the needs of our customers. Safe driving by our experienced and highly tenured employees aided by proven planning practices helped achieve opportunities for growth in Retail and a record January for Blue Rhino. I could not be prouder of the way our teams took advantage of the opportunities Q2 presented. Our employee owners worked together and delivered a solid quarter.”","length":1023,"tagName":"p"},{"type":"text","content":"Gross profit increased $19.1 million, or 6.0%, in the second fiscal quarter compared to the prior year. The increase was driven by an increase of $59.9 million, or 10%, in revenues, which was partially offset by an increase of $40.8 million, or 14%, in cost of product. Gallons sold for the second fiscal quarter increased 14.4 million, or 6%, as wholesale gallons sold increased 11.5 million, or 20%, and retail gallons sold increased 2.9 million, or 1%. In addition to the increase in gallons sold, the revenue and cost of product changes were driven by wholesale propane prices that were 16.9% higher from Mt. Belvieu, Texas and 16.2% higher from Conway, Kansas compared to the prior year period.","length":699,"tagName":"p"},{"type":"text","content":"The Company recognized net earnings attributable to Ferrellgas Partners, L.P. of $98.8 million and $95.8 million in the second fiscal quarter of fiscal 2025 and 2024, respectively. The $3.1 million increase was primarily due to the $19.1 million increase in gross profi...

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