Ferrellgas -3% as quarterly earnings, revenues miss expectations [Seeking Alpha]
FERRELLGAS PARTNERS (FGP)
Last ferrellgas partners earnings: 10/15 04:20 pm
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US:NYSE Investor Relations:
ferrellgas.com/our-company/investor-information
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Source: Seeking Alpha
Ferrellgas -3% as quarterly earnings, revenues miss expectationsFerrellgas Partners (FGP-2.9%) slips after reporting weaker than expectedFQ3 earnings and a 4% Y/Y decline in revenues to $516M.The decline came even as propane sales volume rose by more than 34M gallons, or 16.1%, Y/Y as margins fell slightly while the company acquired ~11.5K new customers, or 1.7% more than a year ago; FGP’s Blue Rhino tank exchange sales locations increased 9.5% from the start of the fiscal year.FGP says its midstream business "has stabilized and is positioning itself for potential growth opportunities stemming from activity associated with recent increases in the price of oil."See all stocks on the move »Now read:Calumet Specialty Products Partners (CLMT) Presents At Bank of America Merrill Lynch Energy Credit Conference - Slideshow »
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