|Bid||0.00 x 800|
|Ask||3.65 x 800|
|Day's Range||3.30 - 3.34|
|52 Week Range||2.87 - 5.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 26, 2018 - Oct 1, 2018|
|Forward Dividend & Yield||0.40 (11.94%)|
|1y Target Est||3.17|
AmeriGas Partners (APU) lowered its adjusted EBITDA guidance range for the fiscal year ending September 30 from $650 million–$690 million to $625 million–$645 million. The company’s adjusted EBITDA for fiscal 2017 was $551 million.
Currently, propane MLPs are trading at high yields. AmeriGas Partners (APU), Suburban Propane Partners (SPH), and Ferrellgas Partners (FGP) are trading at yields of 9.1%, 10.3%, and 11.9%, respectively. A fall in their stock prices pushed the yields higher.
Ferrellgas (FGP) expects the recently-acquired Diamond Propane to be accretive to earnings and enable business expansion in northern New York.
Propane distribution companies, apart from Ferrellgas Partners (FGP), have broadly followed the fall in midstream MLPs in 2018. Despite decent volumes and earnings growth, along with some balance sheet improvement, propane distribution companies’ stocks are in the red in 2018. In this series, we’ll analyze propane companies’ performance, financial metrics, and growth prospects.
Ferrellgas Partners, L.P. (FGP) today announced the acquisition of Diamond Propane, Inc., an independent propane retailer based in Potsdam, New York. The transaction is expected to be immediately accretive and allows the partnership to strategically grow its footprint in northern New York. “Diamond Propane is a well-run company that has built a strong reputation in the communities it serves by providing great customer service,” said Ferrellgas President and Interim Chief Executive Officer Jim Ferrell.
LONDON, UK / ACCESSWIRE / June 08, 2018 / If you want access to our free earnings report on Andeavor (NYSE: ANDV), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ANDV. The Company reported its first quarter fiscal 2018 operating and financial results on May 07, 2018. Active-Investors.com is currently working on the research report for Ferrellgas Partners, L.P. (NYSE: FGP), which also belongs to the Basic Materials sector as the Company Andeavor.
Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. Below, I will assess Ferrellgas Partners LP.’s (NYSE:FGP) track record on aRead More...
Net earnings attributable to Ferrellgas Partners, L.P. of $10.9 million, or $0.11 per common unit, an increase of 66.2 percent as compared to $6.5 million, or $0.07 per common unit in the prior year period. ...
OVERLAND PARK, Kan., May 24, 2018-- Ferrellgas Partners, L.P. today announced the declaration of its third quarter cash distribution of $0.10 per partnership common unit. The distribution is payable on ...
NEW YORK, May 23, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Brandywine ...
LIBERTY, Mo., May 18, 2018-- On Thursday, June 7, 2018, Ferrellgas Partners, L.P. will report earnings for its third quarter ended April 30, 2018. James E. Ferrell, Interim Chief Executive Officer and ...
Ferrellgas, L.P., the operating partnership of Ferrellgas Partners, L.P. (FGP) (“Ferrellgas”), announced today an agreement with a purchaser group led by Wells Fargo Bank, N.A., and including Fifth Third Bank, N.A. and PNC Bank, N. A., which extends the operating partnership’s accounts receivable securitization facility. In addition to extending the facility’s maturity date by three years, other key amendments include the upsizing of the facility from a maximum capacity of $225 million to $250 million at a discount rate of LIBOR plus 200 basis points. It also now includes provisions for the issuance of letters of credit with a $50 million sublimit. The facility continues to have provisions where maximum purchase levels are reduced during periods of the year when working capital requirements are lower to efficiently reduce unused capacity fees.
CrossAmerica Partners (CAPL), an MLP involved in wholesale distribution of motor fuel and a lessor of real estate for retail distribution of motor fuel, was the top MLP loser last week. CAPL lost 18.1% last week. CAPL’s stock plunged after its distribution cut announcement. The partnership declared a distribution of $0.53 per unit for 1Q18 compared to $0.63 per unit in the previous quarter, a 16.3% cut.
Ferrellgas, L.P. (Ferrellgas), the operating partnership of Ferrellgas Partners, L.P. (FGP) (“Ferrellgas” or the “Company”) announced today an agreement with a lending group led by TPG Specialty Lending, Inc. (TSLX), the middle-market lending business of TPG Sixth Street Partners (TSSP), to provide Ferrellgas with a new senior secured credit facility. The five-year facility replaces the current $575 million senior secured revolving credit facility that was scheduled to mature in October 2018. The new facility includes a $300 million cash flow revolver supported by commitments from TPG Specialty Lending and PNC Bank, National Association (PNC), as well as a $275 million term loan.
Sifting through businesses on the road to recovery can lead to big gains for investors. Unfortunately, turnaround stocks can also lead to huge investing mistakes.
Navios Maritime Midstream Partners (NAP) is an MLP involved in the marine transportation of crude oil, refined products, and NGLs. Navios Maritime Midstream Partners was the top MLP gainer for the second consecutive in the week ending April 27. The partnership rallied 6.4% last week. The recent surge in Navios Maritime Midstream Partners’ stock price could be due to a rating upgrade by J.P. Morgan. However, the partnership has lost 52.5% since the beginning of 2018. The fall could be due to Navios Maritime Midstream Partners’ weak operating performance in the previous quarter. ...
Navios Maritime Midstream Partners (NAP), an MLP involved in the marine transportation of crude oil, refined products, and NGLs, was the top MLP gainer in the week ending April 20. Navios Maritime Partners rallied 29.2% due to J.P. Morgan upgrading it to a “buy.” Overall, the partnership has lost 55.4% since the beginning of 2018. The fall could mainly be attributed to the partnership’s weak operating performance in 4Q17. To learn more, read Comparing Crude Tanker Companies’ 4Q17 Performances.
If you are a shareholder in Ferrellgas Partners LP.’s (NYSE:FGP), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of yourRead More...
Alliance Holdings GP (AHGP), the GP (general partner) of Alliance Resource Partners (ARLP), was the top MLP loss in the week ending April 13, 2018. Alliance Resource Partners is an MLP involved in coal mining and production. Alliance Resource Partners continued to be among the top ten MLP losses for the second consecutive week. Alliance Holdings GP and Alliance Resource Partners fell 4.1% and 1.8% last week. Alliance Holdings GP and Alliance Resource Partners have lost 12.9% and 16.0% since the beginning of this year.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. In the past 10 years Ferrellgas Partners LP.Read More...