Ferrellgas Partners Reports $71.7 Million Net Earnings Turnaround for Fiscal Year 2026

Ferrellgas Partners, L.P. reported a significant turnaround in its financial performance for the fiscal year ending July 31, 2026, achieving net earnings of $71.7 million compared to a net loss of $15.6 million in the previous fiscal year. This improvement was primarily driven by a substantial decrease in general and administrative expenses, which fell by $134.2 million, largely due to a one-time legal settlement in fiscal 2025. Total revenues for the year were $1.86 billion, a decrease of 4% from $1.94 billion in fiscal 2025, attributed to warmer weather conditions that negatively impacted propane sales volumes.

The company’s propane sales volumes decreased to 760 million gallons in fiscal 2026 from 784 million gallons in the prior year. Retail sales to end users accounted for $1.20 billion, down from $1.25 billion, while wholesale sales also saw a decline. The warmer-than-normal temperatures, particularly in the western U.S., contributed to a 16% increase in average temperatures compared to the previous year, which adversely affected demand for propane during the winter heating season. Despite these challenges, Ferrellgas reported a gross margin increase of $2.8 million, driven by improved cost management and operational efficiencies.

Strategically, Ferrellgas Partners has focused on expanding its market presence and enhancing operational efficiencies. The company operates 1,055 propane distribution locations across the United States, with a notable increase in tank exchange selling locations. The company has also implemented technology initiatives to improve delivery efficiency and customer service, including converting over 6,100 Will Call locations to Auto Fill delivery, which has enhanced route delivery and demand forecasting.

As of July 31, 2026, Ferrellgas had approximately 3,934 full-time employees, with a focus on maintaining a diverse workforce. The company has emphasized its commitment to employee safety and well-being, alongside community involvement initiatives. Looking ahead, Ferrellgas Partners aims to leverage its national presence and economies of scale to pursue disciplined acquisitions and organic growth opportunities, while continuing to manage risks associated with commodity prices and market conditions. The company’s liquidity position remains strong, with total liquidity of $195.1 million, including $48.4 million in unrestricted cash and $146.7 million available under its credit facility.