Ferrellgas Partners L.P. Common Units (FGP, Financial) filed Quarterly Report for the period ended 2012-04-30.
Ferrellgas -lp has a market cap of $1.32 billion; its shares were traded at around $16.13 with and P/S ratio of 0.6. The dividend yield of Ferrellgas -lp stocks is 11.9%.
Net earnings (loss) attributable to Ferrellgas Partners, L.P. in the nine months ended April 30, 2012 was net earnings of $24.6 million as compared to a net loss of $2.7 million in the prior period. This increase of $27.3 million was primarily due to a $47.0 million loss on extinguishment of debt and a $10.2 million litigation accrual and related legal fees in fiscal 2011 that were not repeated in the current year, an $8.8 million decrease in non-cash stock and unit based compensation charges, an 8.2 million decrease in operating expenses and a $7.3 million decrease in interest expense, partially offset by a $46.3 million decrease in gross margin propane and other gas liquids, and a $4.9 million decrease in gross margin other.
Retail sales gross margin increased $16.1 million compared to the prior year period. This increase resulted primarily from $29.7 million related to increased gross margin per gallon as discussed above and $1.9 million from gallons gained through acquisitions completed during the last twelve months. These increases were partially offset by a $15.5 million decrease in propane sales volumes, as discussed above.
Retail sales gross margin increased $0.3 million compared to the prior year period. This slight increase resulted primarily from a $23.0 million increase in gross margin per gallon and $5.0 million from gallons gained through acquisitions completed during the last twelve months, offset by a $27.7 million decrease in propane sales volumes, each as discussed above.
Operating income decreased $26.6 million compared to the prior year period primarily due to $46.3 million of decreased Gross margin Propane and other gas liquid sales as discussed above, and $4.9 million of decreased Gross margin Other, partially offset by a $10.2 million litigation accrual and related legal fees classified as general and administrative expense incurred in the prior year period that was not repeated during the current year period, a $7.0 million and $1.9 million decrease in non-cash stock and unit based compensation charges classified as General and administrative expense and Operating expense, respectively, and an $8.2 million decrease in Operating expense.
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Ferrellgas -lp has a market cap of $1.32 billion; its shares were traded at around $16.13 with and P/S ratio of 0.6. The dividend yield of Ferrellgas -lp stocks is 11.9%.
Highlight of Business Operations:
Net earnings attributable to Ferrellgas Partners, L.P. in the three months ended April 30, 2012 was $20.8 million as compared to $3.2 million in the prior period. This increase in net earnings of $17.6 million was primarily due to a $10.5 million loss on extinguishment of debt and a $10.5 million litigation accrual and related legal fees in fiscal 2011 that were not repeated in the current quarter and an $8.3 million decrease in operating expense, partially offset by a $9.5 million decrease in gross margin propane and other gas liquids.Net earnings (loss) attributable to Ferrellgas Partners, L.P. in the nine months ended April 30, 2012 was net earnings of $24.6 million as compared to a net loss of $2.7 million in the prior period. This increase of $27.3 million was primarily due to a $47.0 million loss on extinguishment of debt and a $10.2 million litigation accrual and related legal fees in fiscal 2011 that were not repeated in the current year, an $8.8 million decrease in non-cash stock and unit based compensation charges, an 8.2 million decrease in operating expenses and a $7.3 million decrease in interest expense, partially offset by a $46.3 million decrease in gross margin propane and other gas liquids, and a $4.9 million decrease in gross margin other.
Retail sales gross margin increased $16.1 million compared to the prior year period. This increase resulted primarily from $29.7 million related to increased gross margin per gallon as discussed above and $1.9 million from gallons gained through acquisitions completed during the last twelve months. These increases were partially offset by a $15.5 million decrease in propane sales volumes, as discussed above.
Retail sales gross margin increased $0.3 million compared to the prior year period. This slight increase resulted primarily from a $23.0 million increase in gross margin per gallon and $5.0 million from gallons gained through acquisitions completed during the last twelve months, offset by a $27.7 million decrease in propane sales volumes, each as discussed above.
Operating income decreased $26.6 million compared to the prior year period primarily due to $46.3 million of decreased Gross margin Propane and other gas liquid sales as discussed above, and $4.9 million of decreased Gross margin Other, partially offset by a $10.2 million litigation accrual and related legal fees classified as general and administrative expense incurred in the prior year period that was not repeated during the current year period, a $7.0 million and $1.9 million decrease in non-cash stock and unit based compensation charges classified as General and administrative expense and Operating expense, respectively, and an $8.2 million decrease in Operating expense.
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