Ferrellgas Partners, L.P. Reports Earnings Results for the Second Quarter and Six Months Ended January 31, 2024
March 08, 2024 at 08:57 am EST
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Ferrellgas Partners, L.P. reported earnings results for the second quarter and six months ended January 31, 2024. For the second quarter, the company reported revenue was USD 609.88 million compared to USD 683.94 million a year ago. Net income was USD 95.79 million compared to USD 98.1 million a year ago. Basic earnings per share from continuing operations was USD 2.31 compared to USD 2.38 a year ago.
For the six months, revenue was USD 980.89 million compared to USD 1,097.23 million a year ago. Net income was USD 78.23 million compared to USD 93.56 million a year ago. Basic earnings per share from continuing operations was USD 1.32 compared to USD 1.77 a year ago.
Ferrellgas Partners, L.P. is a holding company. The Company is primarily engaged in the retail distribution of propane and related equipment sales, through its subsidiaries, Ferrellgas Partners Finance Corp. and Ferrellgas, L.P. (operating partnership). Its operations primarily include the distribution and sale of propane and related equipment and supplies in approximately 50 states, the District of Columbia and Puerto Rico. The Company serves residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers. The Company delivers propane to its industrial/commercial and portable tank exchange customers using its fleet of portable tank and portable tank exchange delivery trucks, truck tractors and portable tank exchange delivery trailers.