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Ferrellgas Partners ( (FGPR) ) has issued an announcement.
On March 4, 2026, the board of Ferrellgas, Inc., as general partner of Ferrellgas Partners, L.P., declared a cash distribution of $82.32 per Class B Unit, totaling approximately $107.0 million, payable on or about March 13, 2026, to holders of record as of March 6, 2026. This distribution will cause the partnership to reach its Class B Conversion Threshold, enabling it to elect to convert all 1.3 million outstanding Class B Units into Class A Units at a rate of five Class A Units per Class B Unit shortly after payment, a move that would simplify the capital structure and may affect unit liquidity and the tax treatment of distributions, particularly for non-U.S. investors who face full U.S.-connected income characterization and heightened withholding obligations.
The most recent analyst rating on (FGPR) stock is a Hold with a $21.00 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 down primarily by weak financial statement quality—steep revenue contraction, earnings volatility, and especially high leverage with negative equity. Technicals are mixed (near-term softness but longer-term trend support), while valuation is difficult to justify with a negative P/E. The latest earnings call adds a modest positive offset due to refinancing and commercial wins, but profitability and cost pressures remain clear risks.
To see Spark’s full report on FGPR stock, click here.
More about Ferrellgas Partners
Ferrellgas Partners, L.P., through its general partner Ferrellgas, Inc., operates in the energy sector as a master limited partnership focused on propane distribution and related services. The partnership issues multiple classes of units, including Class A and Class B, reflecting a capital structure designed to manage investor distributions and potential equity conversions.
Average Trading Volume: 4,577
Technical Sentiment Signal: Buy
Current Market Cap: $337.8M
Learn more about FGPR stock on TipRanks’ Stock Analysis page.