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Ferrellgas Partners, L.P.

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Ferrellgas Partner’s fourth-quarter fiscal 2015 loss was wider than the Zacks Consensus Estimate but narrower than the year-ago level. On the other hand, revenues beat the expectations but declined year over year quarter due to lower propane and other gas liquid sales. The partnership’s earnings tend to fluctuate as the use of propane varies with weather patterns. However, investments to expand midstream operations, the Bridger Logistics acquisition and organic growth projects will support its long-term business strategy. The partnership’s borrowing capacity of over $327 million on a secured credit facility and an accounts receivable securitization facility will be sufficient to fund its working capital and short-term growth capital needs.

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