The earnings call presented a mixed picture with positive elements including increased gross profit and adjusted EBITDA, strong performance from Blue Rhino, and new customer wins. However, these were tempered by significant increases in net loss due to litigation accruals, declines in retail gallons sold, and increased interest and operating expenses.
Company Guidance
During the Ferrellgas Partners First Quarter Fiscal 2025 Earnings Call, executives Tamria Zertuche and Michael Cole provided guidance that highlighted several key metrics and strategic initiatives. Gross profit increased by $0.9 million or 0.5% due to a 3% increase in margin per gallon, despite a $4.2 million or 3% decrease in gallons sold. Retail gallons saw a decline of $7.7 million or 7%, which was partially offset by a 7% increase in wholesale gallons. Adjusted EBITDA rose by $2.9 million or 9% to $35.8 million, driven by reduced general and administrative expenses and improved logistics efficiencies. The company also faced a significant $125 million increase in general and administrative expenses due to an accrual related to ongoing litigation. Additionally, Ferrellgas experienced positive growth in new customer acquisitions, particularly in their Blue Rhino segment, which saw a 9% increase in tank exchange selling locations. The call also addressed strategic investments in telematics technology, which contributed to a $2.2 million decrease in vehicle costs and supported operational excellence amid challenging weather conditions.
Gross Profit Increase
Gross profit increased by $0.9 million or 0.5% in the first fiscal quarter, driven by a 3% increase in margin per gallon.
Adjusted EBITDA Growth
Adjusted EBITDA increased by $2.9 million or 9% to $35.8 million, mainly due to decreased general and administrative expenses and increased gross profit.
Blue Rhino Performance
Blue Rhino had its best quarter on record for free cash flow, with significant improvements in expense management and logistics.
New Customer Wins and Growth
The company achieved organic growth in the customer base, particularly in the West and Southeast, and secured three key national accounts providing over 700,000 gallons annually.
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Ferrellgas Partners (FGPR) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FGPR Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Dec 20, 2024
$7.26
$6.95
-4.27%
Sep 27, 2024
$9.84
$9.75
-0.91%
Mar 08, 2024
$6.97
$6.97
0.00%
Dec 08, 2023
$7.40
$7.42
+0.27%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ferrellgas Partners (FGPR) report earnings?
Ferrellgas Partners (FGPR) is schdueled to report earning on Mar 07, 2025, TBA Not Confirmed.
What is Ferrellgas Partners (FGPR) earnings time?
Ferrellgas Partners (FGPR) earnings time is at Mar 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.