Ferrellgas Partners, L.P. reported financial results for its 2026 first fiscal quarter ended October 31, 2025.
The company had a strong start to fiscal 2026 with operational improvements and successful refinancing of notes and credit facility.
Financial highlights include margin per gallon increase, revenue and cost of product changes, and Adjusted EBITDA decrease.
Financial Highlights
Completed financing transactions to strengthen balance sheet and flexibility for growth. Margin per gallon increased by 6%.
Revenue Trends
Retail sales increased while wholesale sales decreased due to weather factors and pricing. Average propane prices decreased by 2.9%.
Operational Success
Retail business benefited from customer service focus and increased sales. Wholesale business saw normalization in volumes.
- Despite the decrease in wholesale propane prices, the company saw an increase in retail sales primarily from residential and agricultural customers.
- Adjusted EBITDA decreased by 18% mainly due to increases in operating and general administrative expenses.
- Operational improvements in customer service and strategic campaigns led to profitable growth and improved customer retention.
Ferrellgas Partners, L.P. remains confident and well-prepared for the upcoming winter heating season and the full fiscal year following a strong start in fiscal 2026.