Ferrellgas Partners ( (FGPR) ) has issued an update.
Ferrellgas Partners, L.P. released its financial report for the fiscal year and fourth quarter ended July 31, 2024, revealing a mixed financial performance. The company saw a modest increase in Adjusted EBITDA for the quarter, driven by lower general and administrative expenses and improved operating performance. However, for the full fiscal year, Adjusted EBITDA decreased largely due to a drop in gross profit and increased operating expenses. Despite facing challenges like inflation and business closures, Ferrellgas enhanced its Blue Rhino brand and made strategic investments to improve efficiency and expand its customer base. The company will be hosting a live webcast to discuss these results and future strategies.
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