A Business at a Glance
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FERRELLGAS PARTNERS L P
FGPR
$89M
Mkt Cap
$22.75
+2.14%
FERRELLGAS PARTNERS L P (FGPR) has a current P/E ratio of 1.1, compared to its historical median P/E of 0.5. The stock is currently considered Expensive based on its historical valuation range.
FERRELLGAS PARTNERS L P (FGPR) has a 5-year average return on invested capital (ROIC) of 51.6%. This indicates strong capital allocation and a potential competitive advantage.
FERRELLGAS PARTNERS L P (FGPR) does not currently pay a regular dividend.
Based on historical P/E analysis, FERRELLGAS PARTNERS L P (FGPR) appears expensive. The current P/E of 1.1 is 116% above its historical median of 0.5. The estimated fair value CAGR (P/E method) is 0.2%.
FERRELLGAS PARTNERS L P (FGPR) operates in the Retail-Miscellaneous Retail industry, within the Consumer Cyclical sector.
FERRELLGAS PARTNERS L P (FGPR) reported annual revenue of $1.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
FERRELLGAS PARTNERS L P (FGPR) has a net profit margin of -0.8%. The company is currently unprofitable.
Ferrellgas Partners is a publicly traded Delaware limited partnership formed in 1994 and is primarily engaged in the retail distribution of propane and related equipment sales. Our Class A Units are traded on the OTC Market under the symbol “FGPR.” Ferrellgas Partners is a holding entity that conducts no operations and has two direct subsidiaries, the operating partnership and Ferrellgas Partners Finance Corp. Our activities are primarily conducted through the operating partnership. Ferrellgas Partners and the Preferred Unitholders are the only limited partners of the operating partnership. Ferrellgas, Inc. is the sole general partner of Ferrellgas Partners and the operating partnership and, excluding the economic interests attributable to the Class B Units and the Preferred Units, owns an approximate 1% general partner economic interest in each, and, therefore, an effective 2% general partner economic interest in the operating partnership.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Propane and related equipment revenues | — | $2.11B | $2.03B | $1.84B | $1.94B | 34% |
Propane and other gas liquids sales | — | $2.02B | $1.92B | $1.73B | $1.83B | 32% |
Retail - Sales to End Users | — | $1.45B | $1.37B | $1.21B | $1.25B | 22% |
Wholesale - Sales to Resellers | — | $549M | $526M | $511M | $552M | 10% |
Other | — | $97M | $110M | $106M | $110M | 2% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.9B | 1.9B | 1.8B | 2.0B | 2.1B | 1.8B |
| Net Income | 108M | -16M | 110M | 137M | 148M | -68M |
| EPS | $0.00 | - | - | - | - | $-14.08 |
| Free Cash Flow | 87M | 56M | 175M | 123M | 64M | 145M |
| ROIC | 49.3% | 23.5% | 45.6% | 51.0% | 62.2% | 76.0% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | -1.45 | -1.55 | -1.69 | -1.65 | -1.77 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 223M | 90M | 205M | 234M | 245M | 216M |
| Operating Margin | 11.8% | 4.6% | 11.2% | 11.5% | 11.6% | 12.3% |
| ROE | 0.0% | 1.6% | -12.0% | -15.5% | -17.5% | 6.8% |
| Shares Outstanding | 0M | - | - | - | - | 5M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.4B | 2.0B | 2.0B | 1.9B | 2.1B | 1.7B | 1.5B | 1.8B | 2.1B | 2.0B | 1.8B | 1.9B | 1.9B |
| Gross Margin | 21.8% | 28.5% | 33.8% | 27.7% | 27.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 65M | 77M | 57M | 50M | 54M | 60M | 46M | 60M | 53M | 71M | 50M | 179M | 48M |
| EBIT | 144M | 131M | -534M | 95M | -92M | 113M | 149M | 216M | 245M | 234M | 205M | 90M | 223M |
| Op. Margin | 6.0% | 6.4% | -26.2% | 4.9% | -4.4% | 6.7% | 9.9% | 12.3% | 11.6% | 11.5% | 11.2% | 4.6% | 11.8% |
| Net Income | 33M | 30M | -665M | -54M | -255M | -64M | -82M | -68M | 148M | 137M | 110M | -16M | 108M |
| Net Margin | 1.4% | 1.5% | -32.6% | -2.8% | -12.3% | -3.8% | -5.5% | -3.9% | 7.0% | 6.8% | 6.0% | -0.8% | 5.7% |
| Non-Recurring | -6.5M | -7.1M | 190M | -12M | -166M | -9.4M | -7.9M | -1.8M | 6.6M | -5.7M | -2.8M | -3.0M | -3.0M |
| Returns on Capital | |||||||||||||
| ROIC | 11.6% | 7.9% | -40.6% | 7.1% | -22.2% | 11.8% | 21.5% | 76.0% | 62.2% | 51.0% | 45.6% | 23.5% | 49.3% |
| ROE | -33.2% | 64.8% | 300.2% | 7.7% | 28.6% | 6.0% | 7.1% | 6.8% | -17.5% | -15.5% | -12.0% | 1.6% | 0.0% |
| ROA | 2.3% | 1.5% | -32.3% | -3.3% | -17.1% | -4.9% | -5.6% | -4.0% | 8.9% | 8.7% | 7.4% | -1.1% | 7.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 126M | 203M | 194M | 127M | 74M | 15M | 130M | 206M | 160M | 212M | 246M | 136M | 170M |
| Free Cash Flow | 73M | 131M | 77M | 77M | -11M | -104M | 23M | 145M | 64M | 123M | 175M | 56M | 87M |
| Owner Earnings | 17M | 79M | 34M | 21M | -28M | -64M | 50M | 121M | 71M | 119M | 147M | 38M | 68M |
| CapEx | 53M | 72M | 118M | 50M | 85M | 119M | 107M | 61M | 97M | 89M | 71M | 80M | 82M |
| Maint. CapEx | 84M | 99M | 151M | 103M | 102M | 79M | 80M | 85M | 90M | 93M | 98M | 98M | 101M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 40M | 27M | 0 | 6.8M | 0 | 0 | 0 | 0 |
| D&A | 84M | 99M | 151M | 103M | 102M | 79M | 80M | 85M | 90M | 93M | 98M | 98M | 101M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 29.6% | 60.2% | 41.9% | 28.9% | 58.7% | 48.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 46M | 16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 25M | 26M | 9.3M | 3.3M | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 570M | 119M | 15M | 174M | 213M | 2.4M | 2.0M | 2.1M | 1.7M | 1.8M | 2.6M | 2.5M | 2.5M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.4B | 1.8B | 2.0B | 2.1B | 2.0B | 2.1B | 2.3B | 1.2B | 1.3B | 1.4B | 1.4B | 1.4B | 1.4B |
| Cash & Equiv. | 8.3M | 7.7M | 5.0M | 5.8M | 119M | 11M | 238M | 270M | 148M | 126M | 113M | 97M | 88M |
| Long-Term Debt | 1.3B | 1.8B | 1.9B | 2.0B | 2.1B | 1.5B | 1.6B | 1.4B | 1.5B | 1.5B | 1.5B | 815M | 1.5B |
| Debt/Equity | -12.15 | 9.11 | -3.16 | -2.73 | -2.06 | -1.85 | -2.09 | -1.77 | -1.65 | -1.69 | -1.55 | -1.45 | 0.00 |
| Interest Coverage | 1.7 | 1.3 | -3.9 | 0.6 | -0.5 | 0.6 | 0.8 | 1.2 | 2.4 | 2.4 | 2.1 | 0.8 | 2.0 |
| Equity | -112M | 204M | -647M | -754M | -1.0B | -1.1B | -1.2B | -815M | -880M | -892M | -942M | -1.0B | -982M |
| Total Assets | 1.6B | 2.4B | 1.7B | 1.6B | 1.4B | 1.3B | 1.7B | 1.7B | 1.6B | 1.5B | 1.5B | 1.4B | 1.5B |
| Total Liabilities | 1.7B | 2.2B | 2.3B | 2.4B | 2.4B | 2.4B | 2.9B | 2.5B | 2.5B | 2.4B | 2.4B | 2.4B | -35M |
| Intangibles | 276M | 580M | 280M | 251M | 121M | 109M | 104M | 101M | 98M | 107M | 112M | 106M | 103M |
| Retained Earnings | -49K | -53K | -60K | -66K | -71K | -77K | -83K | -103K | -105K | -106K | -106K | -107K | -107K |
| Working Capital | 9.9M | -44M | -77M | -44M | 84M | -667M | -546M | 298M | 194M | 177M | 132M | -572M | 103M |
| Current Assets | 365M | 366M | 285M | 297M | 364M | 241M | 544M | 619M | 498M | 436M | 375M | 343M | 453M |
| Current Liabilities | 355M | 410M | 362M | 341M | 280M | 908M | 1.1B | 321M | 304M | 259M | 243M | 914M | 351M |
| Per Share Data | |||||||||||||
| EPS | 8.03 | 5.90 | N/A | -11.16 | -52.41 | -13.23 | -16.98 | -14.08 | N/A | N/A | N/A | N/A | 0.00 |
| Owner EPS | 4.10 | 15.64 | N/A | 4.25 | -5.69 | -13.13 | 10.27 | 24.92 | N/A | N/A | N/A | N/A | N/A |
| Book Value | -27.17 | 40.60 | N/A | -155.13 | -211.58 | -232.88 | -247.04 | -167.80 | N/A | N/A | N/A | N/A | 0.00 |
| Cash Flow/Share | 30.39 | 40.46 | N/A | 26.20 | 15.26 | 3.10 | 26.84 | 42.50 | N/A | N/A | N/A | N/A | 0.00 |
| Dividends/Share | 40.00 | 40.00 | 41.00 | 8.00 | 8.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 4.1M | 5.0M | N/A | 4.9M | 4.9M | 4.9M | 4.9M | 4.9M | N/A | N/A | N/A | N/A | 0.0M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.5 | 0.4 | 0.6 | N/A | N/A |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.7 | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.0 | 5.6 | 5.9 | 6.9 | 16.2 | 6.4 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | N/A |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 114.0% | 87.9% | 250.7% | 257.9% | 63.1% | N/A |
| Market Cap | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 127M | 73M | 49M | 68M | 89M | 0 |
| Avg. Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 15.68 | 17.78 | 8.92 | 9.37 | 9.77 | 22.75 |
| Year-End Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 20.70 | 11.78 | 7.99 | 11.00 | 14.50 | 22.75 |
FERRELLGAS PARTNERS L P passes 1 of 9 quality checks, indicating weak fundamentals.
FERRELLGAS PARTNERS L P trades at 1.1x trailing earnings, compared to its 15-year median P/E of 0.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 1.3x vs a median of 0.7x. The company's 5-year average ROIC is 51.6%. At current prices, the estimated annualized return to fair value is +0.1%.
FERRELLGAS PARTNERS L P (FGPR) generated $56 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FERRELLGAS PARTNERS L P (FGPR) has a return on equity (ROE) of 1.6%. This indicates moderate shareholder returns.
The Ledger Terminal provides 15 years of financial data for FERRELLGAS PARTNERS L P (FGPR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.