FGPR (Ferrellgas Partners LP) Interest Coverage: 1.87 (As of Apr. 2026) — 89% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FGPR Ferrellgas Partners LP FGPR
39 GF Score
Price $23.04
GF Value $9.33
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Ferrellgas Partners LP Interest Coverage?

Ferrellgas Partners LP FGPR +0.12% 39 Interest Coverage is 1.87 as of Apr. 2026, which is 89% above its 10-year median of 0.99. GuruFocus rates FGPR with a GF Score™ of 39/100 and a GF Value™ of $9.33 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 747 Oil & Gas companies, Ferrellgas Partners LP ranks worse than 85.54% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Ferrellgas Partners LP's Operating Income for the three months ended in Apr. 2026 was $61 Mil. Ferrellgas Partners LP's Interest Expense for the three months ended in Apr. 2026 was $-32 Mil. Ferrellgas Partners LP's interest coverage for the quarter that ended in Apr. 2026 was 1.87. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ferrellgas Partners LP interest coverage is 1.67, which is low.

The historical rank and industry rank for Ferrellgas Partners LP's Interest Coverage or its related term are showing as below:

FGPR' s Interest Coverage Range Over the Past 10 Years
Min: 0.63   Med: 0.99   Max: 2.45
Current: 1.67


FGPR's Interest Coverage is ranked worse than
85.54% of 747 companies
in the Oil & Gas industry
Industry Median: 6.4 vs FGPR: 1.67

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Ferrellgas Partners LP  (OTCPK:FGPR) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Ferrellgas Partners LP Interest Coverage Related Terms


Ferrellgas Partners LP Interest Coverage Historical Data

* Premium members only.

The historical data trend for Ferrellgas Partners LP's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Ferrellgas Partners LP Interest Coverage Chart

Ferrellgas Partners LP Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.26 2.38 2.45 2.12 0.86

Ferrellgas Partners LP Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.13 0.00 0.11 4.14 1.87

FGPR vs SGU, CLNE, BDCO: Interest Coverage Comparison

For the Oil & Gas Refining & Marketing subindustry, Ferrellgas Partners LP's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ferrellgas Partners LP Interest Coverage vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ferrellgas Partners LP's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ferrellgas Partners LP's Interest Coverage falls into.


FGPR
39GF Score
Ferrellgas Partners LP FGPR
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ferrellgas Partners LP Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ferrellgas Partners LP's Interest Coverage for the fiscal year that ended in Jul. 2025 is calculated as

Here, for the fiscal year that ended in Jul. 2025, Ferrellgas Partners LP's Interest Expense was $-108 Mil. Its Operating Income was $93 Mil. And its Long-Term Debt & Capital Lease Obligation was $840 Mil.

Interest Coverage=-1* Operating Income (A: Jul. 2025 )/Interest Expense (A: Jul. 2025 )
=-1*93.076/-108.064
=0.86

Ferrellgas Partners LP's Interest Coverage for the quarter that ended in Apr. 2026 is calculated as

Here, for the three months ended in Apr. 2026, Ferrellgas Partners LP's Interest Expense was $-32 Mil. Its Operating Income was $61 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,478 Mil.

Interest Coverage=-1* Operating Income (Q: Apr. 2026 )/Interest Expense (Q: Apr. 2026 )
=-1*60.502/-32.36
=1.87

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 1.87 mean?
Ferrellgas Partners LP (FGPR) has a Interest Coverage of 1.87 as of Apr. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ferrellgas Partners LP and its competitors. This is 89% above median its historical median of 0.99. Over the past decade, Ferrellgas Partners LP's Interest Coverage has ranged from 0.63 to 2.45. According to the industry distribution chart, Ferrellgas Partners LP ranks #639 out of 747 companies in the Oil & Gas industry, placing it in the top 85.5%.
Is Ferrellgas Partners LP's Interest Coverage too high?
Ferrellgas Partners LP's current Interest Coverage of 1.87 is 89% above median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 2.45. The Oil & Gas industry median Interest Coverage is 6.40. Ferrellgas Partners LP's value of 1.87 is 70.8% below this industry median. Based on the distribution chart, Ferrellgas Partners LP ranks #639 out of 747 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Ferrellgas Partners LP has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ferrellgas Partners LP's Interest Coverage compare to SGU and CLNE?
According to the Oil & Gas industry distribution chart, Ferrellgas Partners LP ranks #639 out of 747 companies for Interest Coverage. This places Ferrellgas Partners LP in the lower half of its industry. The industry median Interest Coverage is 6.40. Ferrellgas Partners LP's value of 1.87 is 70.8% below this benchmark. Historically, Ferrellgas Partners LP's own Interest Coverage has ranged from 0.63 to 2.45 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 6.40, Ferrellgas Partners LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 6.40, based on 747 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ferrellgas Partners LP's current Interest Coverage of 1.87 is 70.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ferrellgas Partners LP and its competitors. For the Oil & Gas industry, the median Interest Coverage is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferrellgas Partners LP's current Interest Coverage is 1.87, which is 89% above median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferrellgas Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Ferrellgas Partners LP (FGPR) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.33, compared to a current price of $23.04 — trading 146.9% above its estimated fair value. The current Interest Coverage is 1.87, which is 89% above median its 10-year median of 0.99 and 70.8% below the Oil & Gas industry median of 6.40. Ferrellgas Partners LP's overall GF Score™ is 39/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Ferrellgas Partners LP (FGPR), the current Interest Coverage is 1.87 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ferrellgas Partners LP (FGPR) Overvalued in 2026?

Based on GuruFocus' analysis, Ferrellgas Partners LP stock appears to be overvalued. The current stock price of $23.04 is trading 146.9% above its estimated GF Value™ of $9.33. GuruFocus considers Ferrellgas Partners LP to be Significantly Overvalued.

Key valuation signals for FGPR:

  • Interest Coverage: 1.87 (89% above median its 10-year median of 0.99)
  • GF Value™: $9.33 vs. price of $23.04 (146.9% above fair value)
  • GF Score™: 39/100 with 7 warning signs
  • Industry Position: 70.8% below the Oil & Gas median (#639 of 747)

No single metric tells the full story. See the FGPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ferrellgas Partners LP Business Description

Industry EnergyOil & Gas
Address One Liberty Plaza, Liberty, MO, USA, 64068
Ferrellgas Partners LP distributes propane and related equipment to a wide mix of customers, including residential, commercial, agricultural, wholesale, and portable tank exchange segments. The company provides propane delivery and tank exchange services under several brands and sells related appliances, parts, and fittings. Ferrellgas operates all over the United States, the District of Columbia, and Puerto Rico, with sales concentrated in various regions across the United States. The majority of its revenue comes from the sales of Propane and other gas liquids to End Users and Resellers.
39GF Score

Get the complete analysis for FGPR

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$23.04
Price
$9.33
GF Value