Ferrellgas Partners (FGP) Misses Q2 EPS Views; Updates FY16 adj.-EBITDA Outlook
Ferrellgas Partners (NYSE: FGP) reported Q2 EPS of $0.58, $0.29 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $649.2 million versus the consensus estimate of $841.91 million.
errellgas also today announced that, due to sustained warmer temperatures and the current commodity price environment, it is revising its previously announced estimates for full-year fiscal 2016 Adjusted EBITDA to a range of $360 million to $375 million. Based on the midpoint of the Company’s fiscal 2016 estimates for Adjusted EBITDA, Ferrellgas expects its DCF coverage ratio to increase to above 1.0 by the end of the fiscal year.
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