Back to top

Image: Bigstock

Ferrellgas Partners, L.P.

Read MoreHide Full Article

Ferrellgas Partners reported wider-than-expected loss in first-quarter fiscal 2019. Nevertheless, the company’s total revenues surpassed the Zacks Consensus Estimate. The company’s extensive presence in the United States and strategic acquisitions are likely to boost the partnership’s growth in the future. Blue Rhino tank exchange sales locations have increased more than 12%. However, in the past 12 months, units of Ferrellgas Partners have underperformed the industry.  The partnership’s dependency on few vendors for propane can affect supply if vendors fail to meet obligations. Sudden hike in wholesale price of propane, competition with other energy sources like natural gas and fuel oil can hamper the partnership’s propane distribution business.

Published in