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The latest update is out from Ferrellgas Partners ( (FGPR) ).
On March 4, 2026, Ferrellgas Partners’ board declared a cash distribution of $82.32 per Class B Unit, totaling about $107 million, payable on or about March 13, 2026, to Class B Unitholders of record as of March 6, 2026. This payout brings the partnership to the Class B Conversion Threshold, enabling it under its partnership agreement to elect to convert all 1.3 million Class B Units into Class A Units at a five‑for‑one ratio shortly after the distribution, a move that would simplify the capital structure and alter the ownership mix for unitholders.
The board on March 4, 2026, also approved the intent to make this conversion election by written notice, though the filing clarifies the conversion itself will not be effective until such notice is formally delivered to Class B holders as required. The filing further notifies foreign investors and their brokers that 100% of the partnership’s distributions are treated as effectively connected U.S. trade or business income and are subject to U.S. federal withholding at the highest applicable rate, plus an additional 10% withholding because the entire distribution exceeds cumulative net income, affecting after‑tax returns for non‑U.S. unitholders.
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 Units, and manages capital returns to investors through periodic cash distributions tied to its operating performance and partnership agreement terms.
Average Trading Volume: 4,577
Technical Sentiment Signal: Buy
Current Market Cap: $337.8M
For an in-depth examination of FGPR stock, go to TipRanks’ Overview page.