Ferrellgas Partners, L.P. Reports Full Fiscal Year and Fourth Quarter Fiscal 2024 Results

LIBERTY, Mo., Sept. 27, 2024 (GLOBE NEWSWIRE) -- Ferrellgas Partners, L.P. (OTC: FGPR) ("Ferrellgas” or the "Company”) today reported financial results for its fiscal year ("fiscal 2024”) and the fourth fiscal quarter ended July 31, 2024.

For the fourth fiscal quarter, Adjusted EBITDA, a non-GAAP financial measure, increased by $4.6 million, or 16%, to $33.6 million, compared to $29.0 million in the prior year quarter. Gross profit was flat with an increase of $0.4 million. A $7.7 million decrease in general and administrative expense, after adjusting for a $1.8 million decrease in EBITDA adjustments, and a $3.7 million increase in operating expense, were the main drivers of the increase in Adjusted EBITDA for the fourth fiscal quarter as compared to the prior year period.