Ferrellgas Partners, L.P. Reports Strong Second Quarter Results

Increased margins, profit, and Adjusted EBITDA despite weather challenges

Published on Mar. 5, 2026

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Ferrellgas Partners, L.P. reported strong financial results for its fiscal 2026 second quarter, with increased gross profit, net earnings, and Adjusted EBITDA compared to the prior-year period. The company's preparation and operational adaptability enabled it to meet heightened winter demand, particularly in the eastern U.S., while managing expenses and improving efficiency.

Why it matters

Ferrellgas' performance demonstrates its ability to navigate weather-related challenges and market fluctuations, leveraging its national footprint, customer-centric approach, and continuous operational improvements to deliver consistent earnings growth and value for stakeholders.

The details

Ferrellgas achieved a $3.0 million increase in gross profit, driven by a $31.3 million reduction in cost of product that more than offset a $28.4 million decline in revenue. Net earnings attributable to the company rose by $3.3 million, or 3%, to $102.2 million. Adjusted EBITDA increased by $9.1 million, or 6%, to $166.1 million, due to lower general and administrative expenses, reduced operating lease costs, and the increase in gross profit. The company's retail business saw a $7.1 million, or 3%, increase in gross profit, partially offset by softer wholesale performance.

  • Ferrellgas will conduct a teleconference on March 5, 2026 to discuss the results.
  • The company declared a $82.32 per Class B Unit distribution payable on March 13, 2026.

The players

Ferrellgas Partners, L.P.

A propane company that serves customers in all 50 states, the District of Columbia, and Puerto Rico, with its Blue Rhino propane exchange brand sold at over 64,000 locations nationwide.

Tamria Zertuche

President and CEO of Ferrellgas Partners, L.P.

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What they’re saying

“Our team's preparation at the beginning of fiscal 2026 enabled us to achieve strong second-quarter results.”

— Tamria Zertuche, President and CEO (bakercityherald.com)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

Ferrellgas' performance highlights its ability to adapt to market conditions, leverage its national platform, and drive operational efficiencies - positioning the company for continued growth and value creation despite challenges in the propane industry.