Ferrellgas Partners, L.P.

Ferrellgas Partners, L.P. is primarily engaged in the retail distribution of propane and related equipment sales in the United States. Formed in 1994 as a Delaware limited partnership, its Class A Units trade on the OTC Market under the symbol "FGPR." Ferrellgas Partners operates as a holding entity, with its activities primarily conducted through its operating partnership. Ferrellgas, Inc. serves as the sole general partner for both Ferrellgas Partners and the operating partnership. Excluding economic interests from Preferred Units, Ferrellgas, Inc. holds an approximate 0.4% general partner economic interest in Ferrellgas Partners and an approximate 1.0% general partner economic interest in the operating partnership, resulting in an effective 1.4% general partner economic interest in the operating partnership. Ferrellgas Partners, excluding Preferred Unit economic interests, owns an approximate 99.0% limited partner interest in the operating partnership. All Class B Units were converted to Class A Units on March 16, 2026. The general partner performs all management functions. Ferrell Companies, the parent company of the general partner, beneficially owns approximately 10.0% of outstanding Class A Units and is 100% owned by an employee stock ownership trust. The operating partnership, formed on April 22, 1994, accounts for substantially all consolidated assets, sales, and operating earnings. Ferrellgas Partners is a leading distributor of propane and related equipment and supplies, serving residential, industrial/commercial, portable tank exchange, agricultural, wholesale, and other customers. The company believes it was the second largest retail marketer of propane in the United States by retail sales volume in fiscal 2026 and a leading national provider of propane by portable tank exchange.