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An announcement from Ferrellgas Partners ( (FGPR) ) is now available.
On January 15, 2025, Ferrellgas Partners and its subsidiaries reached a settlement agreement with Eddystone Rail Company, resolving a series of litigations dating back to February 2017. The settlement involves a payment of $125 million, structured over three installments, which will allow Ferrellgas to focus on its capital restructuring plans and enhance its financial certainty. The successful settlement also releases the $190 million appeal bond and associated letters of credit, freeing the company from related legal encumbrances.
More about Ferrellgas Partners
Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., and subsidiaries, serves propane customers across all 50 states, the District of Columbia, and Puerto Rico. Its Blue Rhino exchange brand is available at over 65,000 locations nationwide. The company has a significant employee ownership structure through an employee stock ownership plan.
YTD Price Performance: 3.07%
Average Trading Volume: 2,592
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $204.8M
For detailed information about FGPR stock, go to TipRanks’ Stock Analysis page.