Ferrellgas Partners LP (OTCPK:FGPR)

Q2 2026 Ferrellgas Partners LP Earnings Call Transcript

Mar 05, 2026 / 02:00PM GMT

Release Date Price: $25.47 (+21.26%)

Transcript 10-Q8-K

Key Points

Positve

Ferrellgas Partners LP (FGPR) announced a cash distribution of approximately $107 million, strengthening its capital structure.
The company successfully converted Class B Units into Class A Units, simplifying its capital structure.
Ferrellgas Partners LP (FGPR) reported a 6% increase in adjusted EBITDA, reaching $166.1 million.
The company achieved a 10% improvement in OSHA recordables, reflecting enhanced safety measures.
Operational efficiencies led to a 13% increase in operating income per gallon.

Negative

Revenue declined by $28 million due to a 22% drop in propane prices at Mont Belvieu.
Wholesale segment performance was softer due to the absence of hurricane-related activity.
The company is still in search of a new CFO, which remains a priority.
Geopolitical tensions, particularly in Iran, pose potential risks to cost structures.
The company faces ongoing challenges with tariffs, which could impact future financial performance.

Operator

Good morning, ladies and gentlemen, and welcome to the Ferrellgas Partners LP Q2 2026 earnings conference call. At this time, all lines are in a listen-only mode.

I would now like to turn the call over to Michelle Maggi, Vice President, Corporate Affairs. Please go ahead, Michelle.

Michelle Maggi

Ferrellgas Partners LP - Vice President, Corporate Affairs

Thank you, Jonathan. Good day, everyone. Thank you for joining us today for our second quarter 2026 earnings conference call. We released this morning pre-market our earnings. If you haven't seen it yet, you can find it on our website under the Investor Relations tab at ferrellgas.com.

With me today is Tamria Zertuche, our President and Chief Executive Officer; and Nick Heimer, Ferrellgas' Vice President and Corporate Controller. Today's call includes prepared remarks where Tamria and Nick will go over our second quarter results for fiscal 2026, concluding with responses to previously submitted questions.

Please note that this call may contain forward-looking statements as

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