Ferrellgas Partners, L.P. Reports Earnings Results for the Fourth Quarter and Full Year Ended July 31, 2023
September 29, 2023 at 06:00 pm IST
Share
Ferrellgas Partners, L.P. reported earnings results for the fourth quarter and full year ended July 31, 2023. For the fourth quarter, the company reported revenue was USD 341.89 million compared to USD 387.55 million a year ago. Net loss was USD 29.1 million compared to USD 19.39 million a year ago. Basic loss per share from continuing operations was USD 9.28 compared to USD 17.14 a year ago.
For the full year, revenue was USD 2,026.47 million compared to USD 2,114.54 million a year ago. Net income was USD 135.51 million compared to USD 146.51 million a year ago. Basic earnings per share from continuing operations was USD 2.09 compared to basic loss per share from continuing operations of USD 3.86 a year ago.
Ferrellgas Partners, L.P. is a holding company. The Company is primarily engaged in the retail distribution of propane and related equipment sales, through its subsidiaries, Ferrellgas Partners Finance Corp. and Ferrellgas, L.P. (operating partnership). Its operations primarily include the distribution and sale of propane and related equipment and supplies in approximately 50 states, the District of Columbia and Puerto Rico. The Company serves residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers. The Company delivers propane to its industrial/commercial and portable tank exchange customers using its fleet of portable tank and portable tank exchange delivery trucks, truck tractors and portable tank exchange delivery trailers.