Ferrellgas Partners LP (ID) (FGPR)

Will the distribution ever come back?

(fka FGPRQ) changed to FGPR: "Please see 3/30/2021 Daily List. Per Bankruptcy Plan, On March 30, 2021 ("Plan Effective Date"), holders of the existing Common Units (FGPRQ) shall "retain one (1) New Class A Unit for every (20) existing LP Units. Therefore, Symbol FGPRQ is being Re-instated as FGPR under Post 1-20 Reverse-Split NEW CUSIP."

https://otce.finra.org/otce/dailyList?viewType=Additions

When shareholders of a reorganized company have received any type of share dividend when the Reorganization PLAN is made effective the reorganized company must have a new share structure, new CUSIP, new ticker, and be re-listed on either a National Exchange or the OTC Market. That will happen at the Company's and Secured Creditors' directions and the SEC's and FINRA's approvals.

Shareholders can contact the company to know what their intentions are.

Each Common Unit received (0.05) Class A Unit. Not seeing a trading symbol.

FGPRQ: BK PLA effective. All shares cancelled. I surmise some shareholders didn't think the shares would be cancelled since ~100,000 shares traded today and closed at .865.

https://otce.finra.org/otce/dailyList?viewType=Deletions

$FGPRQ No reason to be up. Looks shady to me FGPRQ

Last Quarter looked pretty good. I'm guessing being in Chapter 11 isn't helping. Is there hope for the commons here?

How come nobody is talking about Ferrellgas? Best news they've had in four years this week. Probably going to show 200M-400M Net Income this year.

Train wreck before weekend

Nice bounce today. Recovered some losses, and even managed to squeak out a little profit. I think I’m closing the book on FGP. Good luck to all.

FGPR changed to FGPRQ, bankruptcy:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

.33 Ferrellgas Partners, L.P. Chapter 11

https://www.otcmarkets.com/stock/FGPR/news/story?e&id=1781829

The have a bk package set. They trying to save the company and shareholders. Check out the 8k and tell me what you think?

What's going to happen to our shares?

Me too , holding for many many years

FGP is a pretty big company and it will either pull itself out or maybe a competitor will buy them out... Either war way I will hold what I have and wait.

Barchart posts 56% Strong buy.

https://www.barchart.com/stocks/quotes/FGPR/overview

Although this came out this morning FGPR looks very strong!
https://www.otcmarkets.com/filing/html?id=14142943&guid=EhEHUnzWa4B9dth

I see these trucks in my area every so often, not a rinky dink outfit.

FGPR

Possible r/m in future.

FGPR

Hope

I wish I had your confidence in this company. What gives you such optimism?

Loading

Dumping, or loading up?

Big time

FGPR taking a beating. You guys loading up, or dumping?

FGP changed to FGPR. Delisted from the NYSE to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

x Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with the rules of the Exchange and the requirements of 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Loaded some here today.... ;)

Jim will find a way.

Is this company going to survive? Debt of 2.2 billion, 1.26 billion in assets, market cap of 44 million. Things look bleak. I started a small position today. Can anyone put a positive spin on this?

News: $FGP Ferrellgas, L.P., Reaches Agreement With Lender Regarding Alleged Defaults

LIBERTY, Mo., Nov. 12, 2019 (GLOBE NEWSWIRE) -- Ferrellgas, L.P., the operating partnership of Ferrellgas Partners, L.P. (NYSE:FGP) (“Ferrellgas”) announced today that it reached an agreement with TPG Specialty Lending, Inc., the administrative agent (“TPG”) unde...

Find out more FGP - Ferrellgas, L.P., Reaches Agreement With Lender Regarding Alleged Defaults

Jim will find a way!

Long-term debt was $1,457 million as of Jul 31 compared with $2,078.6 million as of Jul 31, 2018.

They paying their debt

News: $FGP Ferrellgas Partners, L.P. Reports Fiscal Third Quarter 2019 Results

Total Retail propane sales volume for the quarter increased approximately 8 percent leading to almost 7 percent increase in gross margin dollars over the prior year on weather that was approximately 1 percent colder than the prior year Retail customer growth of nearly 26,000, or 4 perc...

Find out more https://marketwirenews.com/news-releases/ferrellgas-partners-l-p-reports-fiscal-third-quarter-2019-results-8329494.html

Staying positive and holding on tight.

Jim will find a way

Intuitions buying. Must be good

Not sure why this isn't trading higher with some positive earnings. There are more higher tickers with negative earnings. This should be a good buy. I know that they had past issues but seems to be getting better. June should have positive earnings as well.

What a teaser today. I was hoping for a lil break out. Not much.

Yeah, I see it as well.

The 10Q that came out did NOT account for all that Blue Rhino property they acquired. There's no possible way that their profits will not move up next reporting period.

What's with the sell off? No new news that I can see. I will be picking more up.

What's with the massive PPS spike? News? Did the panic sellers from March 8th come to their senses?

Jim will find a way.

WHAT IS GOING ON TODAY?

Jim will find a way.

Bid 99 cents today only.

https://www.nasdaq.com/press-release/ferrellgas-partners-lp-reports-fiscal-second-quarter-2019-results-20190308-00222

Great move

Ferrellgas Partners, L.P. Announces Acquisition Of Reliable Propane >FGP
9:04 am ET March 1, 2019 (Dow Jones) Print
Ferrellgas Partners, L.P. Announces Acquisition Of Reliable Propane >FGP

(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)

March 01, 2019 09:00 ET (14:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Press Release: Ferrellgas Partners, L.P. Announces Acquisition of Reliable Propane

Ferrellgas Partners, L.P. Announces Acquisition of Reliable Propane

LIBERTY, Mo., March 01, 2019 (GLOBE NEWSWIRE) -- Ferrellgas Partners, L.P. (NYSE:FGP) ("Ferrellgas" or the "Company") today announced the acquisition of Reliable Propane, a third-party Blue Rhino distributor based in Sikeston, Missouri. The transaction is expected to be immediately accretive and is further evidence of the partnership's longstanding commitment to growing its core propane business. Terms of the transaction were not disclosed.

Reliable Propane is a long-time independent distributor for Blue Rhino, delivering propane cylinders to retail partners in the Midwest and south from locations in Springfield, Missouri; Starkville, Mississippi; Olive Branch, Mississippi; and Benton, Arkansas. The acquisition is further evidence of the company's commitment to both growing its tank exchange segment and identifying ways to improve operational efficiencies and lower production and delivery expenses. Ferrellgas previously announced the acquisitions of American Propane in Oklahoma City, Oklahoma, in January 2019; Co-Op Butane of Bush, Louisiana, in December 2018; Wylie LP Gas of Lubbock, Texas, in November 2018; and Salathe Gas of Harvey, Louisiana, and North Star Exchange of Walton, Indiana, in October 2018.

"We're pleased today to fold yet another longtime third-party Blue Rhino distributor into our operations," said James E. Ferrell, Interim Chief Executive Officer and President. "The efficiencies we are gaining as a result of these moves will continue to benefit our industry-leading tank exchange business."

In its nearly 80 years in business, Ferrellgas has acquired nearly 300 independent retail companies -- moves that have helped the company grow from a single location, independently owned propane retailer to a publicly traded company that is one of the largest propane retailers in the United States.

About Ferrellgas

Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., and subsidiaries, serves propane customers in all 50 states, the District of Columbia, and Puerto Rico. Ferrellgas employees indirectly own 22.8 million common units of the partnership, through an employee stock ownership plan. Ferrellgas Partners, L.P. filed a Form 10-K with the Securities and Exchange Commission on September 27, 2018. Investors can request a hard copy of this filing free of charge and obtain more information about the partnership online at www.ferrellgas.com.

Forward Looking Statements

Statements in this release concerning expectations for the future are forward-looking statements. A variety of known and unknown risks, uncertainties and other factors could cause results, performance, and expectations to differ materially from anticipated results, performance, and expectations. These risks, uncertainties, and other factors include those discussed in the Form 10-K of Ferrellgas Partners, L.P., Ferrellgas Partners Finance Corp., Ferrellgas, L.P., and Ferrellgas Finance Corp. for the fiscal year ended July 31, 2018, and in other documents filed from time to time by these entities with the Securities and Exchange Commission.

Contacts

Bill Ruisinger, Interim Chief Financial Officer -- billruisinger@ferrellgas.com, 816-792-7914

(END) Dow Jones Newswires

March 01, 2019 09:00 ET (14:00 GMT)

*DJ Ferrellgas Expects Acquisition of Missouri-Based Reliable Propane to Immediately Add to Earnings >FGP

(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)

March 01, 2019 09:04 ET (14:04 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.