Ferrellgas Partners, L.P. (FGPR)

Overview

Ferrellgas Partners, L.P., established in 1939 and headquartered in Liberty, Missouri, specializes in the distribution and sale of propane along with related equipment and supplies. Operating across the United States, the District of Columbia, and Puerto Rico, the company has carved a niche for itself in the propane industry, delivering propane to a wide range of distribution locations and customer premises, including tanks at residential and commercial sites and portable propane tanks for retailers. Notably, it manages its portable tank exchange operations under the distinguished Blue Rhino brand, leveraging a comprehensive network of independent and partnership-owned distribution outlets. With a robust service network comprising 49 service centers and 803 service units dedicated to propane distribution as of July 31, 2023, Ferrellgas Partners, L.P. has established a strong presence in its field.

Products and Services

• Propane Distribution – Ferrellgas distributes propane to several types of locations including customer sites for residential and industrial use, retail locations for portable tank exchanges under the Blue Rhino brand, and large-scale distribution centers. This core service caters to a plethora of uses such as space and water heating, cooking, and fuel for vehicles and forklifts.
• Propane Appliances and Related Parts – Beyond propane distribution, the company engages in the sales of propane-fueled appliances and a wide assortment of related parts and fittings. This includes offerings for both residential and commercial settings, enhancing the convenience and functionality of propane usage for various applications.
• Refined Fuels Sale – Expanding its energy solutions, Ferrellgas also deals in the sale of refined fuels, providing additional options for industrial and commercial energy needs.
• Common Carrier Services – Complementing its product offerings, Ferrellgas offers common carrier services, facilitating the transport and delivery of propane and other products, reinforcing the reliability and reach of its distribution network.
• Retail Services and Consumer Products – The company diversifies its portfolio by offering retail services related to propane, including consumer products that cater to the everyday needs of its customers, thereby rounding off its comprehensive service and product offerings in the energy sector.