Ferrellgas Partners, L.P. Reports Earnings Results for the Second Quarter and Six Months Ended January 31, 2023
March 10, 2023 at 08:05 am EST
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Ferrellgas Partners, L.P. reported earnings results for the second quarter and six months ended January 31, 2023. For the second quarter, the company reported revenue was USD 683.94 million compared to USD 684.94 million a year ago. Net income was USD 98.1 million compared to USD 108.41 million a year ago. Basic earnings per share from continuing operations was USD 2.38 compared to USD 2.68 a year ago.
For the six months, revenue was USD 1,097.23 million compared to USD 1,079.44 million a year ago. Net income was USD 93.56 million compared to USD 99.8 million a year ago. Basic earnings per share from continuing operations was USD 1.77 compared to USD 1.93 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.