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Motley Fool  Sep 28  Comment 
Even on an up day for the market, these stocks fell. Find out why.
Benzinga  Sep 28  Comment 
  Galectin Therapeutics Inc (NASDAQ: GALT) shares dropped 43.3 percent to $1.40 after the company disclosed that its its Phase 2a clinical (NASH-FX) trail did not meet either primary or secondary endpoints. Tempur Sealy International...
Motley Fool  Sep 28  Comment 
Wambold out, founder and interim CEO Ferrell in, and a potential distribution cut? Ouch.
Benzinga  Sep 28  Comment 
  Pain Therapeutics, Inc. (NASDAQ: PTIE) shares fell 3.4 percent to touch a new 52-week low of $1.15. Pain Therapeutics shares have dipped 35.68 percent over the past 52 weeks, while the S&P 500 index has increased 14.78 percent in the same...
MarketWatch  Sep 28  Comment 
Propane supplier Ferrellgas Partners L.P. said Wednesday it had a net loss of $654.8 million, or $6.68 per share, in its fiscal fourth quarter to July 31, wider than the loss of $58.2 million, or 64 cents a share, in the year-earlier period....
Motley Fool  Sep 15  Comment 
These stocks helped lead the market higher. Find out why.
Benzinga  Sep 13  Comment 
Ferrellgas Partners, L.P. (NYSE: FGP) has high leverage and low coverage at yearend FY16. With “little room to maneuver,” the company may “ultimately be forced” to cut its distribution, Citi’s Faisel Khan said in a report. He downgraded...




 
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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.




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