QUOTE AND NEWS
SeekingAlpha  Jul 23  Comment 
Benzinga  Jul 6  Comment 
Ferrellgas Partners, L.P. (NYSE: FGP) announced today that is has acquired the assets of Propane Advantage, LLC. The acquisition expands Ferrellgas' strategic footprint, giving the company entry to the rapidly growing Salt Lake City market and...
Forbes  Jun 29  Comment 
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they...
Benzinga  Jun 10  Comment 
JP Morgan upgraded Ferrellgas Partners, L.P. (NYSE: FGP) from Underweight to Neutral. The price target for Ferrellgas Partners has been raised from $21.00 to $24.00. Ferrellgas Partners shares have dropped 15.68 percent over the past 52...
TheStreet.com  Jun 9  Comment 
NEW YORK (TheStreet) -- Ferrellgas Partners shares closed trading up 2.2% to $22.80 on Tuesday following the release of the propane distributor's third quarter earnings results.Ferrellgas Partners reported first quarter earnings of 43 cents...




 
TOP CONTRIBUTORS

Ferrellgas Partners, L.P. (FGP), a master limited partnership (MLP), is the second largest retail propane distributor in the U.S. As of July 31, 2006, it had 846 propane distribution locations in all 50 states, the District of Columbia, Puerto Rico and Canada, serving more than one million residential, industrial/commercial, and agricultural customers. The partnership's operations primarily include the distribution and sale of propane and related equipment and supplies with concentrations in the Midwest, Southeast, Southwest and Northwest regions of the country. The partnership sold approximately 810 million gallons of propane in fiscal year 2006 (Fiscal year ends on July 31st) and 682 million gallons during the first nine months of the current fiscal year. In addition to retail propane distribution, Ferrellgas is also engaged in the wholesale marketing of propane, the sale of other refined fuels, and the retail sale of propane appliances and related parts. In April of 2004, Ferrellgas Partners acquired Blue Rhino Corporation for more than $400 million. As a result of the acquisition, Ferrellgas became the largest national provider of propane by portable tank exchange.

The partnership's strategy is relatively simple: achieve operating efficiencies through the utilization of technology in its operations capitalize on its national presence and economies of scale expand its operations through disciplined acquisitions and internal growth and align employee interest with investors through significant employee ownership (employees own approximately 33% of the outstanding units through an Employee Stock Ownership Trust).

Propane is primarily used for heating during the cooler months and grilling during the warmer months. With propane's dominant use being for heating, the partnership's sales and profits, similar to all other propane marketers, are concentrated in the winter months, which for Ferrellgas correspond to its fiscal second and third quarters.




References

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki