Ferrellgas Partners ( (FGPR) ) has provided an update.
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Ferrellgas Partners, L.P. has announced a 16% increase in Adjusted EBITDA for its fourth fiscal quarter of 2024, reaching $33.6 million, driven by lowered general and administrative expenses and increased operating costs. Despite this, the full fiscal year saw a 12% decrease in Adjusted EBITDA to $317.4 million, attributed to a dip in gross profit and a rise in operating expenses. The company’s retail strategy focuses on expanding customer bases and strategic acquisitions, with the Blue Rhino brand showing supply chain success and driving free cash flow improvements. Ferrellgas continues to invest in technology and safety, achieving operational efficiencies, and supporting initiatives such as clean energy buses and hurricane relief efforts.
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