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Ferrellgas Partners (FGP) Reports Wider-Than-Expected Q4 Loss
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Ferrellgas Partners LP reported fourth-quarter fiscal 2017 adjusted loss of 57 cents per unit,widerthan the Zacks Consensus Estimate loss of 45 cents by 26.7%. Quarterly loss was 77.3% narrower than the year-ago loss of $2.51 per unit.
Total Revenue
In the reported quarter, Ferrellgas Partners’ total revenuescame in at $433.4 million, beating the Zacks Consensus Estimate of $427 million by 1.5%.
On a year-over-year basis, the partnership’s top-line improved 5.8% primarily owing to better contribution from Propane and other gas liquids sales, meanwhile Midstream operations and the Other segment decreased1.9% and 4.6%, respectively.
Highlights of the Release
In the reported quarter, nearly 148 million gallons of Propane were sold compared with 143.8 million gallons in the prior-year quarter.
Operating expenses in the reported quarter were $109.5 million, down 1.6% from the prior-year level.
General and administrative expenses for the quarter increased 10.1% to $13.1 million from $11.9 million in the prior-year period.
Interest expenses increased to $40.4 million in the quarter from $35 million a year ago, reflecting an increase of 15.4%.
Ferrellgas Partners, L.P. Price, Consensus and EPS Surprise
Ferrellgas Partners’ cash and cash equivalents were $5.8 million as of Jul 31, 2017, compared with $4.9 million as of Jul 31, 2016.
Long-term debt was $1,995.8 million as of Jul 31, 2017, up from $1,941.3 million as of Jul 31, 2016.
Upcoming Peer Releases
Boardwalk Pipeline Partners L.P. is expected to report third-quarter 2017 results on Oct 30. The Zacks Consensus Estimate is currently pegged at 25 cents.
Genesis Energy LP (GEL - Free Report) is expected to report third-quarter 2017 results on Nov 2. The Zacks Consensus Estimate is currently pegged at 17 cents.
AmeriGas Partners, L.P. is expected to report fourth-quarter fiscal 2017 results on Nov 8. The Zacks Consensus Estimate is currently pegged at a loss of 58 cents.
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Ferrellgas Partners (FGP) Reports Wider-Than-Expected Q4 Loss
Ferrellgas Partners LP reported fourth-quarter fiscal 2017 adjusted loss of 57 cents per unit,widerthan the Zacks Consensus Estimate loss of 45 cents by 26.7%. Quarterly loss was 77.3% narrower than the year-ago loss of $2.51 per unit.
Total Revenue
In the reported quarter, Ferrellgas Partners’ total revenuescame in at $433.4 million, beating the Zacks Consensus Estimate of $427 million by 1.5%.
On a year-over-year basis, the partnership’s top-line improved 5.8% primarily owing to better contribution from Propane and other gas liquids sales, meanwhile Midstream operations and the Other segment decreased1.9% and 4.6%, respectively.
Highlights of the Release
In the reported quarter, nearly 148 million gallons of Propane were sold compared with 143.8 million gallons in the prior-year quarter.
Operating expenses in the reported quarter were $109.5 million, down 1.6% from the prior-year level.
General and administrative expenses for the quarter increased 10.1% to $13.1 million from $11.9 million in the prior-year period.
Interest expenses increased to $40.4 million in the quarter from $35 million a year ago, reflecting an increase of 15.4%.
Ferrellgas Partners, L.P. Price, Consensus and EPS Surprise
Ferrellgas Partners, L.P. Price, Consensus and EPS Surprise | Ferrellgas Partners, L.P. Quote
Financial Position
Ferrellgas Partners’ cash and cash equivalents were $5.8 million as of Jul 31, 2017, compared with $4.9 million as of Jul 31, 2016.
Long-term debt was $1,995.8 million as of Jul 31, 2017, up from $1,941.3 million as of Jul 31, 2016.
Upcoming Peer Releases
Boardwalk Pipeline Partners L.P. is expected to report third-quarter 2017 results on Oct 30. The Zacks Consensus Estimate is currently pegged at 25 cents.
Genesis Energy LP (GEL - Free Report) is expected to report third-quarter 2017 results on Nov 2. The Zacks Consensus Estimate is currently pegged at 17 cents.
AmeriGas Partners, L.P. is expected to report fourth-quarter fiscal 2017 results on Nov 8. The Zacks Consensus Estimate is currently pegged at a loss of 58 cents.
Zacks Rank
Ferrellgas Partners currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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