Ferrellgas Partners (FGP) Misses Q1 EPS by 67c

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Go back to Ferrellgas Partners (FGP) Misses Q1 EPS by 67c

Ferrellgas Partners, L.P. Reports Results for First Quarter Fiscal 2016

December 9, 2015 6:00 AM EST

Strong Performance From Bridger With Meaningful Progress on Acquisition Integration Ferrellgas Continues Successful Ongoing Transformation Into a Diversified Midstream MLP

OVERLAND PARK, Kan., Dec. 09, 2015 (GLOBE NEWSWIRE) -- Ferrellgas Partners, L.P. (NYSE: FGP) today announced Adjusted EBITDA of $48.9 million for the first quarter of fiscal 2016 ended October 31, up 42% from $34.4 million in the same quarter of last year, due to strong results from the Bridger acquisition, which the partnership completed in June 2015. Distributable Cash Flow (DCF) to equity investors for the quarter was $11.2 million, producing DCF coverage of... More