Ferrellgas Partners Q1 Net Loss Widens - Quick Facts

(RTTNews) - Propane distributor Ferrellgas Partners, L.P.'s (FGP) first-quarter common unitholders' interest in net loss widened to $32.55 million, or $0.40 a share, from a loss of $24.6 million, or $0.31 a share, last year. On average, 5 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.28 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues for the quarter reached $443.35 million, compared with the prior-year figure of $415.0 million, while 3 analysts projected revenues of $432.69 million.

Gross profit grew by 8% to $154.7 million on improved retail propane margins and contributions from recently acquired midstream operations. Adjusted EBITDA climbed nearly 30% to $34.4 million, reflecting the gross profit contributions.