Ferrellgas Partners, L.P. (NYSE:FGP) Reports 3Q18 Profit Surge; Misses Street View

Ferrellgas Partners

Ferrellgas Partners, L.P. (NYSE:FGP) headquartered in Overland Park, Kansas, announced net income for the third quarter of $ 10.90 million or $ 0.11 per share, compared to income $ 6.50 million or $ 0.07 per share for the year-ago quarter.

Analysts from Thomson Reuters expected income of $ 0.24 per share.

Top line figures for the third quarter decreased 4% to $ 515.81 million from $ 538.11 million in the same quarter last year, where as analysts anticipated $ 612.09 million.

James E. Ferrell, Interim CEO and President of Ferrellgas, said, We are focused on customer growth and density, and we are seeing results in both. We are committed to winning new business, and as we enter the summer grilling season we’ll benefit from the rapid expansion in the number of Blue Rhino tank exchange sale locations, up nearly 9.5 percent from the start of this fiscal year.

Be the first to comment

Leave a Reply