Ferrellgas Partners (FGPR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ferrellgas Partners

OTC Markets OTCID•Energy•Oil & Gas Refining & Marketing

$21.02-0.56(-0.03%)Market closed

Market Cap

$130.61M

P/E

1.7x

P/S

0.1x

Ferrellgas Partners, L.P. retail distribution of propane, related equipment and supplies. It transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers. The company also conducts its portable tank exchange operations under the Blue Rhino brand name through a network of independent and partnership-owned distribution outlets. In addition, its propane is primarily used for space and water heating, cooking, outdoor cooking using gas grills, crop drying, irrigation, weed control, and other propane fueled appliances; as an engine fuel for combustion engine vehicles and forklifts; and as a heating or energy source in manufacturing and drying processes. Further, the company is involved in the sale of refined fuels; provision of common carrier services; and retail sale of propane appliances and related parts and fittings, as well as other retail propane related services and consumer products. It serves residential, industrial/commercial, portable tank exchange, agricultural, wholesale, and other customers in the United States, the District of Columbia, and Puerto Rico. As of July 31, 2025, the company operates through a network of 36 service centers and 664 service units for propane distribution locations. Ferrellgas Partners, L.P. was founded in 1939 and is based in Liberty, Missouri.

How this company scores

WeakMetricSide Score: 40/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Growth (13/25); weakest: Balance Sheet & Red Flags (7/25).

Profitability12/25

Growth13/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality8/25

Strengths

Rising earningsProfit converts from growth

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 1.7x5y range 0.3x – 5.4x

Currently above its 14-quarter median.

P/S · 0.1x5y range 0.0x – 0.1x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.4x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $130.61M

Metrics at a Glance

as of April 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.86B
Q. Revenue: $524.56M
TTM EBITDA: $300.96M
TTM Op. Income: $196.22M
Q. Op. Income: $60.07M
TTM Net Income: $76.45M
Q. Net Income: $28.04M
EPS: $-11.54
Shares Out.: $5.98M

$1.86B in TTM revenue declined 3.6% YoY, reaching $524.56M last quarter. TTM EBITDA of $300.96M and TTM operating income of $196.22M show growth is flowing through to the bottom line. TTM net income of $76.45M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 3 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 16.7%
Op. Margin: 11.5%
Net Margin: 5.3%

Op. margin of 11.5% is down 4.1% YoY — costs are rising relative to revenue. Net margin at 5.3% Over the past year, operating margin is down 26% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 1.7x
P/S Ratio: 0.1x
P/B Ratio: N/A

At 1.7x P/E, the stock trades below typical market levels. P/S of 0.1x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 4 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.47B
Cash: $73.41M
Long-Term Debt: $1.46B
Book Value: $-1.06B
D/E Ratio: N/A
Debt/EBITDA: 16.6

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $118.52M
TTM Free Cash Flow: $86.92M
FCF Margin: 4.7%
FCF / Net Income: 1.1

TTM FCF of $86.92M on $118.52M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 25% — a weakening trend.