Ferrellgas Partners, L.P. (FGPR) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Ferrell Gas Partners third quarter fiscal 2024 earnings conference call. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you may send them via the ask a question tab on the webcast. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Tamria Zertucci. Please go ahead. Good morning. My name is Tamria Zertucci, Chief Executive Officer and President of Feral Gas. I want to start by saying how proud I am of our more than 4,000 Feral Gas employees. Our experienced operations professionals, they planned well and they executed even better against the weather anomaly we experienced this quarter. They managed expenses in key areas of operations, including driving fleet expenses down by over 8% when compared to prior year. Regarding weather impact, we have taken positive steps over the last four years to create balance in our demand across the different customer segments of our business. Our focus has been on growing our weather-agnostic customer base by both customer type and geographic location. We have made great progress in the areas of tank exchange, autogas, and in our industrial commercial segments. However, the extended and unseasonably warm heating season negatively impacted the heating segments of our business. We experienced about 10% warmer temperatures across the dense, centrally geographic areas of our business. Additionally, we regretted seeing some longstanding businesses downsize their footprints and even close their doors. The effects of inflation did make a mark this quarter. But our hardworking account managers, they were able to redeploy some of the assets re...