Ferrellgas had a strong start to fiscal 2026 with operational successes and successful refinancing of notes and credit facility.
Financial highlights included completing financing transactions to strengthen the balance sheet and grow the business.
Operational highlights showed increases in sales, improved customer retention, and profitable growth.
Financial Strength
Successful refinancing and financing transactions strengthened the balance sheet.
Operational Efficiency
Focus on operational improvements led to increased sales and profitable growth.
Margin Increase
Margin per gallon increased by 6% in the first fiscal quarter.
Revenue and Cost Balance
Revenue decreased by 2% but cost of product decreased by 5%, resulting in flat gross profit.
Adjusted EBITDA
Adjusted EBITDA decreased by 18% primarily due to increases in operating and administrative expenses.
- The company's focus on telematics, routing optimization, and safety programs prepared them for the upcoming winter season and full fiscal year.
- Margin per gallon increased by 6%, despite a decrease in wholesale propane prices and a mix of retail sales improvements and wholesale sales challenges.
- Adjusted EBITDA decreased by $6.5 million, mainly driven by increases in operating and administrative expenses.
- Net loss attributable to Ferrellgas Partners, L.P. was $26.9 million in the first fiscal quarter of 2026 compared to $146.7 million in the same period of 2025.
Ferrellgas Partners, L.P. demonstrated resilience and strategic financial decisions in the face of market challenges. Despite a decrease in Adjusted EBITDA, the company's focus on operational efficiency and strategic growth positions them well for the rest of fiscal year 2026.