Ferrellgas Partners, L.P. (FGPRB)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Ferrellgas Partners, L.P. (FGPRB) with AI Score 52/100 (Hold). Ferrellgas Partners, L. P. is a retail distributor of propane and related equipment, operating through a network of service centers and units across the United States. Market cap: 0, Sector: Energy.
Last analyzed: Mar 16, 2026Ferrellgas Partners, L.P. (FGPRB) Energy Operations & Outlook
Ferrellgas Partners, L.P. focuses on the retail distribution of propane and related services, operating through a network of service centers and its Blue Rhino portable tank exchange program. Serving residential, commercial, and agricultural customers across the U.S., the company leverages its extensive distribution network in the competitive energy sector.
Investment Thesis
Ferrellgas Partners, L.P. presents a focused play on the propane distribution market, with a substantial network of service centers and the well-known Blue Rhino brand. The company's gross margin of 54.0% indicates efficient operations. However, the absence of a dividend may deter some investors. Growth catalysts include expanding its portable tank exchange program and increasing propane utilization in agricultural and industrial sectors. Potential risks include fluctuations in propane prices and regulatory changes affecting the energy sector. Investors should monitor the company's ability to maintain profitability and manage its distribution network effectively.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $1.23 billion reflects its position in the propane distribution market.
- Profit margin of 5.7% indicates the company's profitability in a competitive energy sector.
- Gross margin of 54.0% suggests efficient cost management in propane distribution and related services.
- Beta of 1.00 indicates that the stock's price movements are generally in line with the market.
- Operates through a network of 36 service centers and 664 service units, demonstrating extensive distribution capabilities.
Strengths
- Established brand recognition with Blue Rhino.
- Extensive distribution network across the United States.
- Diverse customer base across residential, commercial, and agricultural sectors.
- Experienced management team with industry expertise.
Weaknesses
- Dependence on propane prices and weather patterns.
- Exposure to regulatory changes in the energy sector.
- Competition from larger energy companies and regional distributors.
- Limited diversification beyond propane distribution.
Catalysts
- Ongoing: Expansion of the Blue Rhino portable tank exchange program to new retail locations.
- Ongoing: Increased adoption of propane in agricultural applications for crop drying and irrigation.
- Ongoing: Growth in demand for propane as a backup power source for residential and commercial customers.
- Ongoing: Strategic acquisitions of smaller propane distributors to expand market share.
Risks
- Potential: Fluctuations in propane prices due to supply and demand imbalances.
- Potential: Regulatory changes affecting propane distribution and usage.
- Potential: Competition from alternative energy sources such as electricity and natural gas.
- Potential: Economic downturn impacting customer demand for propane.
- Ongoing: Weather patterns affecting propane consumption for heating.
Growth Opportunities
- Expansion of Blue Rhino Brand: The Blue Rhino portable tank exchange program represents a significant growth opportunity for Ferrellgas. By increasing the number of distribution outlets and enhancing marketing efforts, Ferrellgas can capture a larger share of the portable propane tank market. The market for portable propane tanks is estimated at $1 billion annually, with potential for further growth through strategic partnerships and product innovation. Timeline: Ongoing.
- Increased Propane Utilization in Agriculture: Propane is used in agriculture for crop drying, irrigation, and weed control. Ferrellgas can expand its market share by offering tailored solutions and services to agricultural customers. The agricultural sector represents a $500 million market for propane, with potential for growth through adoption of precision agriculture techniques. Timeline: Ongoing.
- Industrial Sector Expansion: Propane is utilized as a heating or energy source in various manufacturing and drying processes. Ferrellgas can target industrial customers by providing reliable propane supply and energy-efficient solutions. The industrial sector represents a $750 million market for propane, with potential for growth through energy efficiency initiatives. Timeline: Ongoing.
- Geographic Expansion: Ferrellgas can explore opportunities to expand its operations into new geographic regions within the United States. By targeting underserved markets and establishing new service centers, Ferrellgas can increase its customer base and revenue. The potential market size varies by region, with opportunities in both rural and urban areas. Timeline: Ongoing.
- Strategic Acquisitions: Ferrellgas can pursue strategic acquisitions of smaller propane distributors to consolidate its market position and expand its geographic footprint. Acquisitions can provide access to new customers, distribution networks, and operational synergies. The market for propane distribution is fragmented, with numerous smaller players that could be potential acquisition targets. Timeline: Ongoing.
Opportunities
- Expansion of Blue Rhino brand into new markets.
- Increased propane utilization in agriculture and industrial sectors.
- Strategic acquisitions of smaller propane distributors.
- Development of new propane-related products and services.
Threats
- Fluctuations in propane prices and supply disruptions.
- Regulatory changes affecting propane distribution and usage.
- Competition from alternative energy sources.
- Economic downturn impacting customer demand.
Competitive Advantages
- Extensive distribution network with numerous service centers and units.
- Established Blue Rhino brand recognition in the portable tank exchange market.
- Long-standing relationships with suppliers and customers.
- Infrastructure and logistics for propane transportation and storage.
About FGPRB
Founded in 1939 and based in Liberty, Missouri, Ferrellgas Partners, L.P. has evolved into a significant player in the propane distribution industry. The company's primary business involves the retail distribution of propane, along with related equipment and supplies. Ferrellgas transports propane to various locations, including customer premises and portable tank retailers. A key component of its operations is the Blue Rhino brand, which facilitates portable tank exchange services through a network of independent and partnership-owned distribution outlets. Ferrellgas serves a diverse customer base, including residential, industrial/commercial, agricultural, and wholesale clients. Propane is utilized for space and water heating, cooking, crop drying, and as a fuel source for vehicles and manufacturing processes. Beyond propane distribution, Ferrellgas is involved in the sale of refined fuels, common carrier services, and the retail sale of propane appliances and related parts. As of July 31, 2025, the company operates through 36 service centers and 664 service units, solidifying its presence in the propane market across the United States, the District of Columbia, and Puerto Rico.
What They Do
- Retail distribution of propane to residential, commercial, and agricultural customers.
- Operation of the Blue Rhino portable tank exchange program.
- Transportation of propane to distribution locations and customer premises.
- Sale of refined fuels and propane appliances.
- Provision of common carrier services.
- Retail sale of propane-related parts and fittings.
Business Model
- Propane sales to end-users.
- Portable tank exchange services under the Blue Rhino brand.
- Distribution and transportation of propane.
- Sale of propane appliances and related products.
Industry Context
Ferrellgas Partners, L.P. operates within the oil and gas refining and marketing industry, specifically focusing on propane distribution. The industry is influenced by factors such as energy prices, weather patterns, and regulatory policies. The competitive landscape includes both large energy companies and smaller regional distributors. Ferrellgas differentiates itself through its Blue Rhino brand and extensive distribution network. The propane market is expected to see steady growth, driven by demand in residential heating, agriculture, and industrial applications.
Key Customers
- Residential customers for home heating and cooking.
- Industrial/commercial customers for manufacturing and energy needs.
- Agricultural customers for crop drying and irrigation.
- Wholesale customers for propane distribution.
Financials
Chart & Info
Ferrellgas Partners, L.P. (FGPRB) stock price: Price data unavailable
Latest News
No recent news available for FGPRB.
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FGPRB.
Price Targets
Wall Street price target analysis for FGPRB.
MoonshotScore
What does this score mean?
The MoonshotScore rates FGPRB's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
FGPRB OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Ferrellgas Partners, L.P. may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure and may not be subject to the same regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. This tier is often associated with higher risk due to the potential for less transparency and liquidity.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure may hinder thorough analysis.
- Lower trading volume can lead to price volatility.
- Reduced regulatory oversight compared to major exchanges.
- Potential for less transparency and increased risk of fraud.
- OTC markets may attract speculative or high-risk investments.
- Verify the company's financial statements and disclosures.
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Review any available analyst reports or independent assessments.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before making any investment decisions.
- Longevity of operations since 1939 suggests stability.
- Established distribution network across multiple states.
- Brand recognition through the Blue Rhino program.
- Serving diverse customer base across multiple sectors.
Ferrellgas Partners, L.P. Stock: Key Questions Answered
What does Ferrellgas Partners, L.P. do?
Ferrellgas Partners, L.P. is primarily engaged in the retail distribution of propane and related equipment and supplies. The company operates through a network of service centers and units, providing propane to residential, commercial, and agricultural customers. Additionally, Ferrellgas conducts portable tank exchange operations under the Blue Rhino brand, offering convenience to consumers. The company's business model focuses on propane sales, distribution, and related services, serving customers across the United States, the District of Columbia, and Puerto Rico.
What do analysts say about FGPRB stock?
AI analysis is pending for FGPRB. Typically, analysts would evaluate factors such as the company's financial performance, market position, and growth prospects. Key valuation metrics would include price-to-earnings ratio, price-to-sales ratio, and enterprise value-to-EBITDA. Growth considerations would involve assessing the company's ability to expand its market share, increase propane utilization, and manage its distribution network effectively. Analyst consensus would provide insights into the overall sentiment and expectations for the stock.
What are the main risks for FGPRB?
Ferrellgas Partners, L.P. faces several risks inherent in the propane distribution industry. Fluctuations in propane prices due to supply and demand imbalances can impact profitability. Regulatory changes affecting propane distribution and usage could increase compliance costs. Competition from alternative energy sources such as electricity and natural gas may erode market share. Economic downturns can reduce customer demand for propane. Additionally, weather patterns affecting propane consumption for heating can impact sales volumes.
What are the key factors to evaluate for FGPRB?
Ferrellgas Partners, L.P. (FGPRB) currently holds an AI score of 52/100, indicating moderate score. Key strength: Established brand recognition with Blue Rhino.. Primary risk to monitor: Potential: Fluctuations in propane prices due to supply and demand imbalances.. This is not financial advice.
How frequently does FGPRB data refresh on this page?
FGPRB prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven FGPRB's recent stock price performance?
Recent price movement in Ferrellgas Partners, L.P. (FGPRB) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Established brand recognition with Blue Rhino.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider FGPRB overvalued or undervalued right now?
Determining whether Ferrellgas Partners, L.P. (FGPRB) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying FGPRB?
Before investing in Ferrellgas Partners, L.P. (FGPRB), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for FGPRB, limiting comprehensive insights.
- OTC market investments carry higher risk due to lower transparency.