Ferrellgas Partners, L.P. FGPR

Company Overview

Ferrellgas Partners, L.P. is a U.S.-based energy company primarily engaged in the distribution of propane and related services. The company operates in the retail propane distribution industry, serving residential, agricultural, industrial, and commercial customers, with propane used mainly for heating, cooking, crop drying, and industrial applications. Its core revenue is generated from the sale and delivery of propane and from associated service offerings, including equipment installation and maintenance.

A distinguishing feature of Ferrellgas is its national-scale propane distribution network and its ownership of Blue Rhino, a widely recognized brand in the portable propane tank exchange market. The company was founded in 1939 by A.C. Ferrell and grew through decades of acquisitions and organic expansion to become one of the largest propane distributors in the United States. Ferrellgas historically operated as a publicly traded master limited partnership, though its ownership and capital structure have evolved following financial restructuring in the early 2020s.