Ferrellgas Partners Removes Director After Class B Conversion

The latest update is out from Ferrellgas Partners ( (FGPR) ).

On May 18, 2026, Ferrellgas, Inc., the general partner of Ferrellgas Partners, L.P. and Ferrellgas, L.P., removed J. Carney Hawks from its Board of Directors, stating that his removal was not due to any disagreement over the company’s operations, policies, or practices. Hawks had been appointed in 2021 under arrangements that allowed holders of Class B units to designate one independent director, but that designation right lapsed after all Class B units were converted into Class A units on March 16, 2026, prompting this governance change and signaling a shift away from the former Class B holder influence in board composition.

Spark’s Take on FGPR Stock

According to Spark, TipRanks’ AI Analyst, FGPR is a Neutral.

The score is held back primarily by a highly stressed balance sheet (very high debt and negative equity) despite improving earnings and positive free cash flow. Technicals are supportive with strong upside trend, though overbought signals add caution. Valuation looks exceptionally low on P/E, and the latest earnings call was broadly positive on operational momentum and capital-structure progress, but with identifiable 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 propane distribution and related services company. It focuses on supplying propane to residential, commercial, industrial, and agricultural customers across the United States, leveraging a nationwide footprint and established infrastructure to serve diverse end markets.

Average Trading Volume: 4,392

Technical Sentiment Signal: Buy

Current Market Cap: $117.8M

For an in-depth examination of FGPR stock, go to TipRanks’ Overview page.