UBS Downgrades Ferrellgas Partners LP (FGP) to Sell

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Go back to UBS Downgrades Ferrellgas Partners LP (FGP) to Sell

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

June 8, 2016 7:00 AM EDT

OVERLAND PARK, Kan., June 08, 2016 (GLOBE NEWSWIRE) -- Ferrellgas Partners, L.P. (NYSE: FGP) (Ferrellgas or the Company) today reported financial results for its third fiscal quarter ended April 30, 2016. The Company reported Net earnings attributable to Ferrellgas Partners, L.P. of $18.7 million, compared to $35.8 million for the quarter ended April 30, 2015.

Adjusted EBITDA was $108.0 million, an increase of 12% over the same quarter last year, including $25.2 million of Adjusted EBITDA from the Bridger Logistics acquisition which was completed in June of 2015. 

Like many in our industry, we continue to be impacted by the extremely warm... More