Ferrellgas Partners (FGP) Tops Q1 EPS by 6c

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Go back to Ferrellgas Partners (FGP) Tops Q1 EPS by 6c

Ferrellgas Partners, L.P. Reports Results for First Quarter Fiscal 2017

December 9, 2016 7:00 AM EST

OVERLAND PARK, Kan., Dec. 09, 2016 (GLOBE NEWSWIRE) -- Ferrellgas Partners, L.P. (NYSE: FGP) (Ferrellgas or the Company) today reported financial results for its first fiscal quarter ended October 31, 2016. The Company reported a net loss attributable to Ferrellgas Partners, L.P. of $43.1 million, compared to a net loss of $79.8 million for the same period in 2015.

Adjusted EBITDA was $29.0 million, compared to $48.9 million in the prior year period primarily due to the effect of the Jamex settlement reached in early September.

While unusually warm weather conditions including temperatures during our first quarter that were 35% higher... More