Ferrellgas Partners, L.P. reported its financial results for the fourth fiscal quarter and the full fiscal year ended July 31, 2026, in an 8-K filing dated September 25, 2026. The company reported that Adjusted EBITDA for the fourth quarter increased by 3% year-over-year to $23.8 million. However, for the full fiscal year, Adjusted EBITDA decreased by 3% to $321.3 million. The filing attributes the year-over-year decrease in fiscal 2026 Adjusted EBITDA primarily to the settlement of several legacy general liability claims.
The company also highlighted several operational and capital structure milestones during the fiscal year. In October 2025, Ferrellgas completed a refinancing that included the redemption of $650.0 million in aggregate 2026 Senior Notes and the issuance of $650.0 million in aggregate 2031 Senior Notes. This was followed by credit rating upgrades from S&P Global and Moody’s. In March 2026, the company paid a final aggregate distribution of approximately $107.0 million to Class B Unitholders and converted all 1.3 million outstanding Class B Units into 6.5 million Class A Units.
Financially, the company reported a net loss attributable to the Company of $31.5 million for the fourth quarter of fiscal 2026, compared to a net loss of $26.8 million in the prior year period. The increase in the net loss was driven by a $6.8 million increase in interest expense and a $3.9 million decrease in gross profit. For the full fiscal year, the company reported net earnings attributable to the Company of $71.7 million, a significant turnaround from a net loss of $15.6 million in fiscal 2025.
Regarding liquidity, the company reported total liquidity of $195.1 million as of July 31, 2026, consisting of $48.4 million in cash and cash equivalents and $146.7 million of availability on its revolving credit facility. The company noted that capital expenditures for fiscal 2026 totaled $77.3 million, comprised of $49.3 million of growth capital and $28.0 million of maintenance capital.
