Ferrellgas Partners, L.P. ( (FGPR) ) has released its Q1 earnings. Here is a breakdown of the information Ferrellgas Partners, L.P. presented to its investors.
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Ferrellgas Partners, L.P. is a nationwide propane logistics provider, operating in all 50 states and Puerto Rico, known for its Blue Rhino propane exchange brand available at over 68,000 locations. The company reported its first-quarter fiscal year 2025 financial results, highlighting a slight increase in gross profit despite a decrease in overall revenue. Key metrics showed a 9% increase in Adjusted EBITDA to $35.8 million, driven by strategic customer growth and operational efficiency, although the quarter saw a net loss attributed to substantial legal accruals and decreased retail sales influenced by warmer weather and storm disruptions. The company expanded its footprint with acquisitions and new national accounts, counterbalancing inflation and weather impacts. Looking ahead, Ferrellgas aims to maintain momentum through its strategic investments in logistics and technology, while extending its community support initiatives and leveraging its improved credit facility for operational liquidity.
