Ferrellgas Partners LP FGPR

UtilitiesBanking ServicesUnited States of America

Last close 20.21 USD on Nov 1, 2026, +9.9% year to date

Quant rating

Quant rating D Rank 83 of 90 in Utilities

Growth D 82 of 90
Valuation C 40 of 90
Quality C 58 of 90
Revisions D 87 of 90
Momentum D 66 of 90

Historical valuation

Valuation history unavailable.

Key data

Market cap: 230M
Enterprise value: 2.4B
52-week range: 16.15 – 27.29
3-year range: 6.47 – 27.29
Dividend yield: 0.00%
Beta (5 years): 0.39
Shares outstanding: 11.4M
Next earnings: –

About the company

Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., and subsidiaries, serves propane customers in all 50 states, the District of Columbia, and Puerto Rico. Its operations primarily include the distribution and sale of propane and related equipment and supplies. Its Blue Rhino propane exchange brand is sold at over 68,000 locations nationwide. It serves residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers. Its sales from propane distribution are generated principally from transporting propane purchased from third parties to propane distribution locations and then to tanks on customers’ premises or to portable propane tanks delivered to nationwide and local retailers. Its sales from portable tank exchanges, nationally branded under the name Blue Rhino, are delivered primarily through a network of partnership-owned distribution outlets and to a lesser extent through independently owned distribution outlets.

Growth and profitability fiscal year ends July 31

Growth and profitability by fiscal year
	2020	2019	2018	2017	2016	5Y avg
Revenue (mil)	1,864	1,938	1,837	2,026	2,115	–
Revenue growth	−3.8%	5.5%	−9.3%	−4.2%	20.5%	1.2%
EPS (basic, normalized)	−11.87	2.24	−9.29	8.26	−3.48	–
EPS growth	–	–	–	–	–	–
Gross margin	54.9%	52.8%	53.5%	49.8%	44.0%	51.0%
Net margin	−5.5%	−4.1%	−3.0%	0.5%	−0.9%	−2.6%
ROE	2.3%	5.9%	28.2%	7.7%	13.5%	11.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	48.4
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	1,493
Net debt (mil)	2,126
Total equity (mil)	−470
Net debt / equity	−4.52x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2020 actual	1,864	−3.8%	1.3x	−12.35	−7.4%	−1.6x	−0.28	+56.9%	−72.2x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2021	–	–	–	–	–	–	–	–
2022	–	–	–	–	–	–	–	–
2023	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Oct 2018	Jan 2019	Apr 2019	Jul 2019	Oct 2019	Jan 2020	Apr 2020	Jul 2020	Oct 2020	Jan 2021
Sales reported (mil)	352	573	480	279	293	511	412	282	301	554
Sales mean (mil)	348	671	507	327	359	591	475	328	366	603
Surprise	+1.2%	−14.6%	−5.4%	−14.6%	−18.3%	−13.6%	−13.3%	−14.1%	−17.7%	−8.1%
EPS reported	−0.56	0.44	0.21	−0.72	−0.46	0.49	0.23	−0.53	−0.47	0.64
EPS mean	−0.46	0.59	0.20	−0.62	−0.35	0.41	0.15	−0.55	−0.34	0.47
Surprise	−23.1%	−25.0%	+3.3%	−15.2%	−31.4%	+19.5%	+53.3%	+3.6%	−38.2%	+36.2%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
FGPR Ferrellgas Partners LP	230M	–	−5.5%	–	–	–	–	–
ONIT Onity Group Inc	230M	–	17.4%	–	12.2x	4.6x	0.4x	0.3x
CFBK CF Bankshares Inc	228M	13.6%	14.2%	1.03x	9.4x	8.1x	1.1x	1.0x
MFIN Medallion Financial Corp	228M	16.8%	13.7%	0.86x	11.4x	9.9x	0.6x	0.6x
OVBC Ohio Valley Banc Corp	227M	9.9%	18.3%	1.12x	–	–	–	–
INBK First Internet Bancorp	225M	8.9%	−11.0%	1.31x	12.0x	5.7x	0.6x	0.6x
Mean		12.3%	7.8%	1.08x	11.2x	7.1x	0.7x	0.6x
Median		11.7%	13.9%	1.07x	11.7x	6.9x	0.6x	0.6x

Technical analysis

1M−8.8%
3M−11.6%
1Y+12.3%
3Y+160.9%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Ferrellgas Partners LP, fiscal years, most recent first
	2020	2019	2018	2017	2016	2015
Interest income	1,864	1,938	1,837	2,026	2,115	1,754
Total interest expense	–	–	–	–	–	–
Net interest income	1,864	1,938	1,837	2,026	2,115	1,754
Loan loss provision	–	–	–	–	–	–
Net interest income after loan loss provision	–	–	–	–	–	–
Non-interest income	–	–	–	–	–	–
Non-interest expense	–	–	–	–	–	–
Net income before taxes	72.7	−15.0	111	139	150	−68.4
Provision for taxes	0.9	1.4	0.7	1.0	1.0	0.7
Minority interest & equity in affiliates	−0.1	0.8	−0.5	−0.7	−0.9	0.7
Other	0	0	0	0	0	0
Net income before extraordinary items	71.7	−15.6	110	137	148	−68.4
Extraordinary items	–	–	–	–	–	–
Net income	71.7	−15.6	110	137	148	−68.4
Basic weighted average shares (mil)	7.3	4.9	4.9	4.9	4.9	4.9
Diluted weighted average shares (mil)	7.3	4.9	4.9	4.9	4.9	4.9
Basic EPS excluding extraordinary items	−13.90	−16.36	−11.46	2.09	−3.86	−18.89
Basic EPS, normalized	−11.87	2.24	−9.29	8.26	−3.48	−1.63

Balance sheet in millions of USD, fiscal years

Balance sheet, Ferrellgas Partners LP, fiscal years, most recent first
	2020	2019	2018	2017	2016	2015
Assets
Cash & due from banks	–	–	–	–	–	–
Other earning assets	–	–	–	–	–	–
Net loans	–	–	–	–	–	–
Property, plant & equipment	682	680	677	698	707	705
Goodwill	257	257	257	257	257	247
Intangibles	99.2	106	112	107	97.6	101
Long-term investments	–	–	–	–	–	–
Other long-term assets	34.8	30.9	37.0	34.3	47.4	38.6
Other assets	–	–	–	–	–	–
Total assets	1,365	1,417	1,459	1,531	1,608	1,730
Liabilities
Accounts payable	36.5	31.1	33.8	35.1	57.6	47.9
Payable/accrued	–	–	–	–	–	–
Accrued expenses	91.2	156	112	121	119	110
Total deposits	–	–	–	–	–	–
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	–	–	–	–	–	–
Current portion of long-term debt	20.3	665	11.2	8.8	8.4	9.1
Long-term debt	1,493	843	1,478	1,476	1,475	1,473
Minority interest	−8.4	−8.5	−7.7	−7.2	−7.6	−8.0
Other liabilities	202	101	122	138	184	262
Total liabilities	1,835	1,786	1,749	1,772	1,837	1,893
Shareholders' equity
Preferred stock	−119	−119	−119	−119	−120	−121
Common stock	−1,047	−950	−874	−822	−847	−832
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	–	–	–	–	–	–
Treasury stock	–	–	–	–	–	–
Other equity	696	700	702	701	738	789
Total equity	−470	−369	−291	−240	−229	−164
Total liabilities & shareholders' equity	1,365	1,417	1,459	1,531	1,608	1,730

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Ferrellgas Partners LP, fiscal years, most recent first
	2020	2019	2018	2017	2016	2015
Operating activities
Net income	71.8	−16.4	111	138	149	−69.1
Depreciation, depletion & amortization	107	98.4	98.5	93.4	89.9	85.4
Deferred taxes	–	–	–	–	0	0
Non-cash items	25.4	23.4	16.3	18.0	5.2	121
Changes in working capital	−51.6	30.9	20.1	−36.7	−83.5	69.3
Cash from operations	153	136	246	212	160	206
Investing activities
Capital expenditures	−77.3	−80.0	−70.9	−88.9	−96.7	−61.2
Other investing cash flows	1.8	−0.8	−14.2	−21.9	−15.1	0.2
Cash from investing	−75.5	−80.8	−85.0	−111	−112	−61.0
Financing activities
Financing cash flow items	−669	−4.7	0	0	−0.3	−2,306
Cash dividends paid	−173	−64.3	−166	−114	−163	−8.0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	716	−13.8	−8.0	−8.5	−8.2	2,117
Cash from financing	−126	−82.8	−174	−123	−172	−197
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−48.5	−27.3	−13.2	−21.4	−123	−51.8
Free cash flow	75.3	56.3	175	123	63.8	145

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.