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Ferrellgas Revenue And Earnings Improve

|Includes: Ferrellgas Partners L.P (FGP)

Originally published at www.seclive.com

Ferrellgas Partners LP (NYSE:FGP) announced its financial results for the third fiscal quarter of 2014, posting improvements in both revenue and earnings. The company, operating through its company and subsidiaries, serves propane to customers in all 50 U.S. states as well as a few other locations. Revenues improved from $603.0M in the year-ago quarter to $722.1M with gross profits improving to $230.5M from $223.1M. Earnings moved upward from $45.2M and $0.56 per share last year to $45.9M and $0.57 per share this quarter. President and CEO Steve Wambold commented that despite a challenging quarter the company performed very well and that due to colder temperatures this winter and industry-wide challenges, Ferrellgas was able to acquire more customers.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.