Ferrellgas FY26 Adj. EBITDA Slips 3% to $321.3M; Refinances $650M Notes
FGPR sits 51% above its 52-week low of $14.52 on elevated volume (3.1× avg).
Summary
Ferrellgas reported FY26 Adjusted EBITDA of $321.3M, down 3% from the prior year, with Q4 Adjusted EBITDA of $23.8M up 3% YoY. The company refinanced $650M of 2026 notes into 2031 notes, extending maturities but likely increasing near-term interest expense. Credit rating upgrades from S&P and Moody's and the conversion of Class B units to Class A units simplify the capital structure and free up cash for debt reduction. Full-year net earnings swung to $71.7M from a $15.6M loss, driven by a prior-year legal settlement. This follows the 8-K filed earlier today confirming the same figures; the news adds refinancing and rating details not in the filing.
At the time of this announcement, FGPR was trading at $21.90 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $249.8M. The 52-week trading range was $14.52 to $27.29. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.