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Ferrellgas Partners L.P Unit (FGPR+8.81%) has submitted its 10-Q filing for the quarterly period ended October 31, 2024.
The filing includes financial statements for the quarter, showing total revenues of $364,085,000, a slight decrease from $371,013,000 in the same quarter the previous year.
The company reported a net loss attributable to Ferrellgas Partners, L.P. of $146,668,000 for the quarter, compared to a net loss of $17,556,000 in the previous year.
Operating expenses increased significantly, with general and administrative expenses rising to $137,926,000 from $12,825,000, primarily due to a legal accrual.
Adjusted EBITDA for the quarter was $35,811,000, up from $32,873,000 in the previous year, driven by a decrease in operating expenses after adjustments.
The company had a distributable cash flow shortage of $12,897,000 for the quarter, compared to a shortage of $8,437,000 in the previous year.
Ferrellgas reported total liquidity of $163,500,000 as of October 31, 2024, which included $37,000,000 in unrestricted cash and $126,500,000 of availability under its Credit Facility.
The filing details the company's debt obligations, including $650,000,000 in unsecured senior notes due 2026 and $825,000,000 in unsecured senior notes due 2029.
Ferrellgas Partners did not declare or pay any distributions to its Class A or Class B Unitholders during the quarter.
The company is currently unable to make distributions to its Class A and Class B unitholders due to restrictions under its Credit Agreement.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Ferrellgas Partners L.P Unit quarterly 10-Q report dated December 20, 2024. To report an error, please email earnings@qz.com.