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An update from Ferrellgas Partners ( (FGPR) ) is now available.
On March 13, 2026, Ferrellgas Partners, L.P. made a previously disclosed cash distribution to holders of its Class B units and, as a result, achieved the Class B Conversion Threshold defined in its limited partnership agreement. This milestone enabled the partnership to proceed with a planned restructuring of its equity capital.
On March 16, 2026, Ferrellgas notified Class B unitholders that it had elected to convert each Class B unit into five Class A units at a conversion factor of 5.00, resulting in the issuance of 6,500,000 new Class A units. The newly issued units were determined by the partnership’s public accounting firm to be fully fungible and tradable on an equal basis with existing Class A units, simplifying the capital structure and potentially enhancing liquidity for unitholders.
The most recent analyst rating on (FGPR) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Ferrellgas Partners stock, see the FGPR Stock Forecast page.
Spark’s Take on FGPR Stock
According to Spark, TipRanks’ AI Analyst, FGPR is a Neutral.
The score is held back primarily by elevated balance-sheet risk (very high debt and negative equity) despite positive TTM cash flow and improving profitability. Technicals are supportive with a strong uptrend, and the latest earnings call was generally positive on operational momentum and capital-structure simplification, but valuation is difficult to justify from the provided P/E (0.000) and the absence of dividend yield data.
To see Spark’s full report on FGPR stock, click here.
More about Ferrellgas Partners
Ferrellgas Partners, L.P. is a master limited partnership in the U.S. propane distribution and related energy services sector. The partnership issues multiple classes of units, including Class A and Class B, and its equity structure is governed by a Sixth Amended and Restated Agreement of Limited Partnership established in March 2021.
Average Trading Volume: 5,487
Technical Sentiment Signal: Buy
Current Market Cap: $373.6M
Learn more about FGPR stock on TipRanks’ Stock Analysis page.