Monday, propane distributor Ferrellgas Partners, L.P. (FGP) reported a narrower loss for the fourth quarter, reflecting primarily a 7% increase in total propane sales volumes. The Overland Park, Kansas-based company's net loss available to common unit holders narrowed to $34.71 million or basic loss of $0.51 per unit from $38.39 million or basic loss of $0.61 per unit in the previous year.
On average, five analysts polled by Thomson Reuters expected the company to report a loss of $0.46 per share for the quarter. Analysts' estimates typically exclude special items. Total revenues for the quarter declined to $312.69 million from $419.71 million in the same period last year. Three analysts estimated revenues of $382.2 million for the quarter.
Propane and other gas liquids sales were $283.38 million, compared to $390.55 million in the year earlier. The company said its retail propane sales increased nearly 8% during the quarter. Operating loss for the quarter was $15.37 million, compared to a loss of $16.91 million in the year-ago quarter. For the full year, the company posted net earnings available to common unit holders of $52.05 million or basic earnings of $0.79 per unit, compared to net earnings of $24.44 million or basic earnings of $0.39 per unit in the prior year. Annual revenues declined to $2.07 billion from $2.29 billion a year ago.
Steve Wambold, chief executive officer and president commented, "Our dedicated focus to our strategic plan of disciplined growth and cost containment played a significant role in this year's performance." FGP closed Friday's regular trading at $19.68 on the NYSE.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.