Ferrellgas Partners, L.P. (FGPR)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, 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. (FGPR) trades at $23.81 with AI Score 54/100 (Grade B). Ferrellgas Partners, L. P. is a long-established distributor and seller of propane and related equipment, operating extensively across the United States and Puerto Rico. Market cap: $115.67M, Sector: Energy.
Price live · AI analysis from Jun 15, 2026Analyst Coverage for FGPR: FGPR does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates FGPR against Energy peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
FGPR: 4/7 perspectives are bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →Ferrellgas Partners, L.P. (FGPR) Energy Operations & Outlook
Ferrellgas Partners, L.P. is a long-standing energy distributor specializing in propane sales and related equipment across residential, commercial, and agricultural sectors. Operating the prominent Blue Rhino portable tank exchange, the company provides essential energy solutions for heating, cooking, and engine fuel applications throughout the United States and Puerto Rico.
What Is the Investment Thesis for FGPR?
Ferrellgas Partners, L.P. presents a profile characterized by its established market position and essential service offerings within the energy sector. The company benefits from a stable demand for propane, driven by its diverse applications in residential heating, cooking, agriculture, and industrial processes. Its extensive infrastructure, comprising 50 service centers and 800 service units as of July 31, 2021, coupled with the strong brand recognition of Blue Rhino, underpins its operational stability. Financially, the company exhibits a low Price-to-Earnings (P/E) ratio of 2.55, a gross margin of 44.5%, and a profit margin of 4.0%. Key growth catalysts include the potential expansion of its Blue Rhino portable tank exchange network to capture increasing consumer demand for convenience, further diversification into refined fuels and common carrier services, and sustained demand from industrial and agricultural sectors. However, potential risks include exposure to commodity price volatility, regulatory shifts, and competition within a fragmented market. The company’s Beta of 0.42 suggests lower price volatility relative to the broader market.
Based on FMP financials and quantitative analysis
FGPR Key Highlights
- Market Capitalization: $0.12 billion, reflecting its valuation within the energy distribution sector.
- Price-to-Earnings (P/E) Ratio: 2.55, indicating a potentially attractive valuation relative to its earnings.
- Gross Margin: 44.5%, demonstrating strong profitability on its core propane and related product sales.
- Profit Margin: 4.0%, representing the percentage of revenue converted into net income.
- Employee Base: 4,005 employees, supporting extensive distribution, service, and administrative operations across its wide geographic footprint.
Who Are FGPR's Competitors?
FGPR is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| REGI Renewable Energy Group, Inc. | $61.50 | +0.00% | $3.11B | 55 |
| SUN Sunoco LP | $67.88 | -0.59% | $9.28B | 53 |
| UGP Ultrapar Participações S.A. | $5.39 | +6.41% | $5.77B | 52 |
| GI Giant Industries, Inc. | $8.00 | +0.00% | 52 | |
| CVI CVR Energy, Inc. | $29.31 | +2.91% | $2.95B | 52 |
| FGPRB Ferrellgas Partners, L.P. | $200.00 | +0.00% | $971.54M | 52 |
| APC ARKO Petroleum Corp. Class A Common Stock | $18.87 | +1.51% | $11.32B | 51 |
| GFGY Granite Falls Energy, LLC | $4866.00 | +0.00% | $148.93M | 50 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FGPR's Key Strengths?
- Established brand recognition, particularly with the Blue Rhino portable tank exchange.
- Extensive distribution network and infrastructure across the United States and Puerto Rico, including 50 service centers and 800 service units as of July 31, 2021.
- Diversified customer base spanning residential, industrial, commercial, and agricultural sectors.
- Long operating history since 1939, indicating experience and market resilience.
- Strong gross margin of 44.5%, reflecting efficient cost management on core product sales.
What Are FGPR's Weaknesses?
- Does not currently pay a dividend, which may deter income-focused investors.
- Potential exposure to volatility in commodity prices for propane, impacting profitability.
- Reliance on traditional energy sources in an evolving energy landscape.
- Relatively small market capitalization of $115.67M, potentially limiting access to capital.
- Disclosure status on OTC market is unknown, which can create uncertainty for investors.
What Could Drive FGPR Stock Higher?
- Continued demand for propane in residential, agricultural, and industrial sectors, driven by existing infrastructure and diversified customer base.
- Expansion of the Blue Rhino portable tank exchange network, leveraging established brand recognition and consumer convenience trends for outdoor living.
- Diversification efforts into refined fuels and common carrier services, potentially broadening revenue streams and reducing reliance on core propane sales.
- Potential for increased industrial and commercial activity, driving demand for propane as an engine fuel and energy source in manufacturing processes.
What Are the Key Risks for FGPR?
- Financial-distress signal — its Altman Z-Score of 1.78 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-24.2%) — the business is not currently generating profit on shareholder capital.
- Exposure to commodity price fluctuations for propane, which can directly impact the company's cost of goods sold and overall profitability.
- Regulatory changes or environmental policies that could affect the production, distribution, or use of propane, potentially increasing operational costs or limiting market access.
- Intense competition from alternative energy sources and other propane distributors in a fragmented market, potentially pressuring pricing and market share.
- Impact of severe weather events, such as warmer winters reducing heating demand or extreme conditions disrupting supply chains and distribution operations.
- Risks associated with trading on the OTC market, including lower liquidity, limited disclosure, and increased price volatility, which can affect investor confidence and share valuation.
What Are the Growth Opportunities for FGPR?
- Expansion of Blue Rhino Portable Tank Exchange: Capitalizing on the growing demand for convenient, accessible propane for outdoor cooking, heating, and recreational uses presents a significant growth avenue. The market for outdoor living products, including gas grills, continues to expand, driven by consumer lifestyle trends and preferences for convenience. Expanding the network of independent and partnership-owned distribution outlets for Blue Rhino can capture a larger share of this consumer segment, leveraging the established brand recognition and ease of access. This strategy offers a relatively stable revenue stream with high customer convenience, reinforcing market leadership in this niche.
- Increased Industrial and Commercial Applications: Propane serves as an essential engine fuel for forklifts and other combustion engine vehicles, and as a vital heating or energy source in various manufacturing and drying processes. As industrial activity potentially expands or modernizes, the demand for these specific applications could see sustained growth. Targeting specific industrial clusters, such as manufacturing hubs or logistics centers, or expanding service capabilities for commercial clients could unlock new revenue streams. This leverages Ferrellgas's existing distribution infrastructure and technical expertise to serve diverse business needs, enhancing its B2B segment.
- Agricultural Sector Demand: The agricultural sector relies heavily on propane for critical processes such as crop drying, irrigation, and weed control. With global food demand increasing and agricultural practices continuously evolving for efficiency, the need for reliable and cost-effective energy sources in this sector is likely to remain robust. Ferrellgas can strengthen its relationships with agricultural clients, offering tailored supply solutions, flexible delivery schedules, and potentially expanding into new farming regions. This capitalizes on the cyclical but essential nature of agricultural energy consumption, providing a foundational demand base.
- Diversification into Refined Fuels and Common Carrier Services: Ferrellgas is already involved in the sale of refined fuels and provides common carrier services. Expanding and optimizing these ancillary businesses could provide valuable additional revenue streams and help mitigate some of the seasonality inherent in core propane distribution. By leveraging its existing logistics, transportation infrastructure, and fleet, the company can offer broader fuel supply solutions or enhance its third-party transportation services. This strategic diversification can improve overall operational efficiency, extend market reach, and create a more resilient revenue base beyond its primary propane sales.
- Strategic Acquisitions in Fragmented Markets: The propane distribution industry is often characterized by numerous smaller, regional players, presenting opportunities for consolidation. Ferrellgas could pursue strategic acquisitions to expand its geographic footprint, consolidate market share, and achieve greater economies of scale. Identifying well-run local distributors with strong customer bases could allow Ferrellgas to integrate new operations, optimize delivery routes, and enhance its overall competitive position. This approach is particularly effective in underserved or high-growth regions, allowing for efficient market penetration and synergy realization.
What Opportunities Does FGPR Have?
- Expansion of the Blue Rhino portable tank exchange network to capture growing consumer demand for convenience.
- Increased demand from industrial and agricultural sectors as economic activity and food production grow.
- Further diversification into refined fuels and common carrier services to broaden revenue streams.
- Strategic acquisitions of smaller, regional distributors to consolidate market share and achieve economies of scale.
- Leveraging existing infrastructure to optimize logistics and service delivery efficiency.
What Threats Does FGPR Face?
- Competition from alternative energy sources and other propane distributors in a fragmented market.
- Potential for adverse regulatory changes or environmental policies impacting propane use and distribution.
- Fluctuations in propane commodity prices, which can negatively affect margins and revenue.
- Impact of severe weather events, such as warmer winters reducing heating demand or extreme conditions disrupting operations.
- Economic downturns that could reduce industrial, commercial, and residential energy consumption.
What Are FGPR's Competitive Advantages?
- Extensive and well-established distribution network, including 50 service centers and 800 service units as of July 31, 2021, across the US and Puerto Rico.
- Strong brand recognition and market leadership in the portable tank exchange segment through its Blue Rhino brand.
- Diversified customer base across residential, industrial, commercial, and agricultural sectors providing revenue stability.
- Significant operational scale and logistical expertise in the transportation and delivery of propane and refined fuels.
What Does FGPR Do?
Ferrellgas Partners, L.P. is a prominent energy company with a rich history, founded in 1939 and headquartered in Overland Park, Kansas. The company's core business revolves around the distribution and sale of propane and associated equipment and supplies. Its operational model involves transporting propane to various points, including dedicated propane distribution locations, storage tanks situated on customers' premises, and portable propane tanks delivered to a vast network of retailers. A significant component of its market presence is the Blue Rhino brand, under which Ferrellgas conducts its portable tank exchange operations. This extensive network comprises both independent and partnership-owned distribution outlets, ensuring broad accessibility for consumers. The propane distributed by Ferrellgas serves a wide array of applications. It is primarily utilized for essential domestic purposes such as space heating, water heating, cooking, and outdoor cooking using gas grills. Beyond residential use, propane is critical in the agricultural sector for crop drying, irrigation, and weed control. Industrially, it functions as an engine fuel for combustion engine vehicles and forklifts, and as a vital heating or energy source in diverse manufacturing and drying processes. Ferrellgas caters to a comprehensive customer base, including residential, industrial and commercial, portable tank exchange, agricultural, wholesale, and other specialized clients. Its geographic footprint spans the United States, the District of Columbia, and Puerto Rico. As of July 31, 2021, the company maintained a robust infrastructure, operating 50 service centers and 800 service units dedicated to propane distribution. In addition to its primary propane business, Ferrellgas Partners, L.P. is also involved in the sale of refined fuels, the provision of common carrier services, and the retail sale of propane appliances, related parts and fittings, alongside other retail propane-related services and consumer products.
What Products and Services Does FGPR Offer?
- Distributes and sells propane to a diverse range of customers including residential, industrial, commercial, and agricultural segments.
- Operates the widely recognized Blue Rhino brand for convenient portable propane tank exchange services.
- Transports propane directly to customer premises, dedicated distribution locations, and retail outlets.
- Supplies propane for essential residential uses such as space heating, water heating, and cooking.
- Provides propane for critical agricultural applications including crop drying, irrigation, and weed control.
- Offers propane as an engine fuel for combustion engine vehicles and forklifts in industrial settings.
- Engages in the sale of refined fuels and provides common carrier transportation services.
- Retails propane appliances, related parts and fittings, and other consumer products.
How Does FGPR Make Money?
- Generates revenue through the direct sale and distribution of propane to various customer segments.
- Earns income from its portable propane tank exchange operations under the Blue Rhino brand.
- Derives revenue from the sale of propane-related equipment, appliances, parts, and fittings.
- Contributes to revenue through the sale of refined fuels.
- Receives fees for providing common carrier transportation services.
What Industry Does FGPR Operate In?
Ferrellgas Partners, L.P. operates within the Oil & Gas Refining & Marketing industry, specifically focusing on propane distribution. The broader energy sector sees propane as a crucial, versatile fuel, particularly for off-grid applications and specific industrial and agricultural uses. Market trends influencing this segment include seasonal demand variations driven by weather patterns, agricultural cycles, and general industrial activity. While there is a global push towards renewable energy, propane maintains its relevance due to its portability, efficiency, and established infrastructure. The competitive landscape for propane distribution is fragmented, featuring large national players alongside numerous regional and local distributors. Ferrellgas distinguishes itself through its extensive distribution network and the strong brand recognition of its Blue Rhino portable tank exchange operations, positioning it as a significant player with broad geographic reach and a diversified customer base across the United States and Puerto Rico.
Who Are FGPR's Key Customers?
- Residential customers utilizing propane for heating, cooking, and water heating needs.
- Industrial and commercial clients requiring propane for heating, manufacturing processes, and engine fuel.
- Consumers participating in the portable tank exchange program via the Blue Rhino network.
- Agricultural sector entities using propane for crop drying, irrigation, and weed control.
- Wholesale customers purchasing propane in bulk.
How Ferrellgas Partners, L.P. Is Valued
Ferrellgas Partners, L.P. carries a market capitalization of $115.67M, placing it in the micro-cap category. Relative to its peer group, FGPR's quantitative score of 54/100 is roughly in line with the peer average of 53/100.
Company Profile
Ferrellgas Partners, L.P. operates in the Oil & Gas Refining & Marketing industry within the Energy sector. It is headquartered in Liberty, US. The company is led by CEO Tamria A. Zertuche. FGPR has traded publicly since 2021.
ROE -24%Key Financial Metrics
Return on equity for Ferrellgas Partners, L.P. stands at -24.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 5.1%, showing how much profit it generates from its asset base. FGPR trades at a trailing price-to-earnings ratio of 2.61, below the Energy sector average of ~17x. Its free cash flow yield is 73.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.06 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 38.3%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 5/9Financial Health
Ferrellgas Partners, L.P.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.78 places it in the distress zone, a signal of elevated financial risk.
FGPR Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future performance, indicating that key stakeholders believe in its potential upside.
- Community sentiment has shifted positively, with discussions highlighting Ferrellgas' strategic initiatives to enhance operational efficiency.
- Analysts note an increasing focus on sustainability, aligning the company with broader market trends towards eco-friendly practices.
- The recent expansion of service offerings has generated buzz, positioning Ferrellgas as a more versatile player in the market.
Bear Case
- Concerns about rising operational costs have been prevalent in community discussions, raising questions about profitability in the near term.
- Some investors are wary of the company's debt levels, which have been a topic of debate in recent forums, leading to bearish sentiment.
- Market perception remains cautious due to historical volatility, with many recalling past performance issues that still linger in investors' minds.
- Recent regulatory changes in the energy sector have created uncertainty, prompting skepticism about the company's ability to adapt effectively.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FGPR Latest News
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Ferrellgas Partners, L.P. Announces Board Updates and Succession Planning Developments
globenewswire.com · May 28, 2026
FGPR Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FGPR.
Price Targets
Wall Street price target analysis for FGPR.
FGPR MoonshotScore
What does this score mean?
The MoonshotScore rates FGPR's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Tamria A. Zertuche
Chief Executive Officer
Unknown. Specific details regarding Tamria A. Zertuche's career history, educational background, and previous roles prior to managing Ferrellgas Partners, L.P.'s 4,005 employees are not provided in the source data.
Track Record: Unknown. Key achievements, strategic decisions, or company milestones directly attributable to Tamria A. Zertuche's leadership tenure are not detailed in the provided source materials.
FGPR OTC Market Information
Ferrellgas Partners, L.P. trades on the OTC market under the 'OTC Other' tier. This tier is the lowest of the OTC market classifications, typically for companies that do not meet the disclosure requirements of higher tiers like OTCQX or OTCQB, or for companies that are not required to report to a regulator. Unlike stocks listed on major exchanges such as the NYSE or NASDAQ, which have stringent listing standards for financial health, corporate governance, and disclosure, 'OTC Other' companies face fewer regulatory hurdles. This often results in less publicly available information and a broader range of company quality.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Lack of comprehensive and timely financial disclosure, making fundamental analysis difficult.
- Lower trading volume and wider bid-ask spreads, leading to reduced liquidity and potential difficulty in exiting positions.
- Increased price volatility due to thinner trading and less institutional oversight.
- Limited analyst coverage and media attention, resulting in less publicly available information for investors.
- Potential for market manipulation due to less stringent regulatory oversight compared to major exchanges.
- Verify the company's most recent financial reports and filings, if any are available.
- Research the background and track record of the management team beyond what is publicly stated.
- Thoroughly understand the company's core business operations, customer base, and competitive landscape.
- Investigate any legal or regulatory actions against the company or its management.
- Assess the current trading volume and bid-ask spread to understand liquidity conditions.
- Seek out independent research or news articles, if available, to supplement company-provided information.
- Understand the implications of the 'OTC Other' tier regarding investor protections and disclosure requirements.
- Long operating history, having been founded in 1939, suggests a durable business model.
- Established brand recognition with Blue Rhino, indicating a tangible market presence.
- Significant employee base of 4,005 individuals, reflecting substantial operational scale.
- Possession of physical assets, including 50 service centers and 800 service units as of July 31, 2021, demonstrating real-world operations.
- Clear business description involving the distribution and sale of propane and related services, indicating a legitimate commercial activity.
What Investors Ask About Ferrellgas Partners, L.P. (FGPR) — Energy
What does Ferrellgas Partners, L.P. do?
Ferrellgas Partners, L.P. is primarily engaged in the distribution and sale of propane and related equipment and supplies. The company transports propane to various points, including its own distribution locations, customer premises, and retailers. A key part of its business is the Blue Rhino brand, which operates a portable propane tank exchange network. Ferrellgas's propane is used for diverse applications such as residential heating, cooking, and water heating, agricultural purposes like crop drying, and as an engine fuel for industrial vehicles. The company also sells refined fuels, provides common carrier services, and retails propane appliances and parts, serving customers across the United States, the District of Columbia, and Puerto Rico.
How exposed is FGPR to commodity price fluctuations?
Ferrellgas Partners, L.P. is inherently exposed to fluctuations in propane commodity prices, which can significantly impact its financial performance. As a distributor, the cost of acquiring propane is a major component of its operating expenses. Increases in wholesale propane prices, if not fully passed on to customers, can compress gross margins and reduce profitability. Conversely, decreases in propane prices could improve margins, assuming stable retail pricing. The company's ability to manage this exposure, potentially through inventory management or contractual agreements, is crucial. Given that propane is a globally traded commodity, its price is influenced by factors such as crude oil prices, supply and demand dynamics, and geopolitical events, creating an ongoing risk for FGPR.
What are the primary operational challenges for Ferrellgas Partners, L.P.?
Ferrellgas Partners, L.P. faces several operational challenges inherent to the energy distribution sector. Maintaining its extensive network of 50 service centers and 800 service units, as of July 31, 2021, requires significant capital expenditure and ongoing maintenance. Managing a large employee base of 4,005 individuals across diverse geographic locations presents logistical and human resources complexities. The business is also subject to seasonality, with demand for heating propane typically peaking in colder months, requiring efficient inventory management and flexible distribution capabilities. Furthermore, navigating a competitive market, ensuring compliance with evolving environmental and safety regulations, and managing the logistics of transporting hazardous materials across a wide service area are continuous operational hurdles for the company.
What are the implications of Ferrellgas Partners, L.P. trading on the OTC market?
Trading on the OTC market, specifically under the 'OTC Other' tier, carries several implications for Ferrellgas Partners, L.P. and its investors. This tier typically has less stringent disclosure requirements compared to major exchanges, and the company's disclosure status is 'Unknown,' which means investors may have limited access to timely and comprehensive financial information. This can impede thorough due diligence and increase investment risk. OTC markets generally exhibit lower liquidity, leading to wider bid-ask spreads and potential difficulty in buying or selling shares quickly without affecting the price. Additionally, OTC stocks may experience higher price volatility and receive less analyst coverage, contributing to a less transparent and potentially more speculative trading environment for FGPR.
What are the key factors to evaluate for FGPR?
Ferrellgas Partners, L.P. (FGPR) holds an AI score of 54/100 (moderate). Not financial advice.
How frequently does FGPR data refresh on this page?
FGPR prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven FGPR's recent stock price performance?
Ferrellgas Partners, L.P. (FGPR) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established brand recognition, particularly with the Blue Rhino portable tank exchange. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider FGPR overvalued or undervalued right now?
Valuing Ferrellgas Partners, L.P. (FGPR) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
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.
- CEO title was inferred as 'Chief Executive Officer' based on the context of 'managing 4005 employees', as a specific title was not provided in the source data. CEO background and track record details were explicitly stated as 'Unknown' due to lack of information.
- Competitor data (FMP PEER TICKERS) was not provided in the source data, resulting in an empty array for the 'competitors' field.
- The 'HQ: Liberty, US' from the COMPANY block conflicted with 'headquartered in Overland Park, Kansas' from the Business Description. The latter was prioritized for narrative consistency within the company description.