Ferrellgas Partners (FGP) Reports Q1 Loss of $0.46/Share

Ferrellgas Partners (NYSE: FGP) reported Q1 EPS of ($0.46), versus ($0.58) reported last year. Revenue for the quarter came in at $273.4 million, versus $334.97 million reported last year.

As previously announced, the Company indefinitely suspended its quarterly cash distribution as a result of not meeting the required fixed charge coverage ratio contained in the senior unsecured notes due June of 2020. Additionally, Ferrellgas has engaged Moelis & Company LLC as its financial advisor and the law firm of Squire Patton Boggs LLP to assist in our ongoing process to address our upcoming debt maturities. The Company does not intend to comment further on its progress in this regard or on potential options until further disclosure is appropriate or required by law. For that reason, and in view of the information the Company otherwise makes available in earnings releases and quarterly and annual reports, the Company has suspended the practice of holding conference calls with investors, analysts and other interested parties in connection with periodic reporting of financial results for completed periods.

For earnings history and earnings-related data on Ferrellgas Partners (FGP) click here.

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