Ferrellgas L P (FGP) 10-Q14 Jun 232023 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Apr. 30, 2023	May 31, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2023
Current Fiscal Year End Date	--07-31
Document Transition Report	false
Entity File Number	001-11331
Entity Registrant Name	Ferrellgas Partners L P
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	43-1698480
Entity Address, Address Line One	One Liberty Plaza
Entity Address, City or Town	Liberty,
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	64068
City Area Code	816
Local Phone Number	792-1600
Title of 12(b) Security	N/A
No Trading Symbol Flag	true
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000922358
Amendment Flag	false
Class A Limited Partner Units
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		4,857,605
Class B Limited Partner Units
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,300,000
Ferrellgas, L.P
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	Apr. 30, 2023
Current Fiscal Year End Date	--07-31
Entity File Number	000-50182
Entity Registrant Name	Ferrellgas L P
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	43-1698481
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000922359
Amendment Flag	false
Ferrellgas Partners Finance Corp
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	Apr. 30, 2023
Current Fiscal Year End Date	--07-31
Entity File Number	333-06693-02
Entity Registrant Name	Ferrellgas Partners Finance Corp
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	43-1742520
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		1,000
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001012493
Amendment Flag	false
Ferrellgas Finance Corp
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	Apr. 30, 2023
Current Fiscal Year End Date	--07-31
Entity File Number	000-50183
Entity Registrant Name	Ferrellgas Finance Corp
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	14-1866671
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		1,000
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000922360
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Apr. 30, 2023	Jul. 31, 2022
Current assets:
Cash and cash equivalents	$ 104,657,000	$ 158,737,000
Accounts and notes receivable, net	199,042,000	150,395,000
Inventories	97,813,000	115,187,000
Price risk management asset	8,463,000	43,015,000
Prepaid expenses and other current assets	35,324,000	30,764,000
Total current assets	445,299,000	498,098,000
Property, plant and equipment, net	619,285,000	603,148,000
Goodwill, net	257,006,000	257,099,000
Intangible assets	108,806,000	97,638,000
Operating lease right-of-use assets	60,244,000	72,888,000
Other assets, net	64,713,000	79,244,000
Total assets	1,555,353,000	1,608,115,000
Current liabilities:
Accounts payable	49,791,000	57,586,000
Broker margin deposit liability	6,207,000	32,805,000
Current portion of long-term debt	2,717,000	1,792,000
Current operating lease liabilities	24,150,000	25,824,000
Other current liabilities	159,054,000	185,805,000
Total current liabilities	241,919,000	303,812,000
Long-term debt	1,455,209,000	1,450,016,000
Operating lease liabilities	36,941,000	47,231,000
Other liabilities	32,076,000	43,518,000
Contingencies and commitments
Mezzanine equity:
Senior preferred units	651,349,000	651,349,000
Equity (Deficit):
General partner unitholder	(70,119,000)	(71,320,000)
Accumulated other comprehensive (loss) income	(7,298,000)	37,907,000
Total Ferrellgas Partners, L.P. deficit	(855,318,000)	(880,224,000)
Noncontrolling interest	(6,823,000)	(7,587,000)
Total deficit	(862,141,000)	(887,811,000)
STOCKHOLDER'S EQUITY (DEFICIT)
Total liabilities, mezzanine and deficit	1,555,353,000	1,608,115,000
Class A Limited Partner Units
Equity (Deficit):
Limited partner unitholders	(1,160,913,000)	(1,229,823,000)
Class B Limited Partner Units
Equity (Deficit):
Limited partner unitholders	383,012,000	383,012,000
Ferrellgas, L.P
Current assets:
Cash and cash equivalents	104,257,000	158,466,000
Accounts and notes receivable, net	199,042,000	150,395,000
Inventories	97,813,000	115,187,000
Price risk management asset	8,463,000	43,015,000
Prepaid expenses and other current assets	35,303,000	30,743,000
Total current assets	444,878,000	497,806,000
Property, plant and equipment, net	619,285,000	603,148,000
Goodwill, net	257,006,000	257,099,000
Intangible assets	108,806,000	97,638,000
Operating lease right-of-use assets	60,244,000	72,888,000
Other assets, net	64,713,000	79,244,000
Total assets	1,554,932,000	1,607,823,000
Current liabilities:
Accounts payable	49,791,000	57,586,000
Broker margin deposit liability	6,207,000	32,805,000
Current portion of long-term debt	2,717,000	1,792,000
Current operating lease liabilities	24,150,000	25,824,000
Other current liabilities	158,691,000	185,528,000
Total current liabilities	241,556,000	303,535,000
Long-term debt	1,455,209,000	1,450,016,000
Operating lease liabilities	36,941,000	47,231,000
Other liabilities	32,076,000	43,518,000
Contingencies and commitments
Mezzanine equity:
Senior preferred units	651,349,000	651,349,000
Equity (Deficit):
Limited partner unitholders	(848,078,000)	(918,146,000)
General partner unitholder	(6,762,000)	(7,987,000)
Accumulated other comprehensive (loss) income	(7,359,000)	38,307,000
Total deficit	(862,199,000)	(887,826,000)
STOCKHOLDER'S EQUITY (DEFICIT)
Total liabilities, mezzanine and deficit	1,554,932,000	1,607,823,000
Ferrellgas Partners Finance Corp
Current assets:
Cash and cash equivalents	0	0
Total assets	0	0
Current liabilities:
Other current liabilities	0	1,706
Total current liabilities	0	1,706
Contingencies and commitments
STOCKHOLDER'S EQUITY (DEFICIT)
Common stock, $1.00 par value; 2,000 shares authorized; 1,000 shares issued and outstanding	1,000	1,000
Additional paid in capital	41,849	39,486
Accumulated deficit	(42,849)	(42,192)
Total stockholder's equity (deficit)	0	(1,706)
Total liabilities, mezzanine and deficit	0	0
Ferrellgas Finance Corp
Current assets:
Cash and cash equivalents	0	0
Total assets	0	0
Current liabilities:
Other current liabilities	0	0
Total current liabilities	0	0
Contingencies and commitments
Equity (Deficit):
Total deficit	0	0
STOCKHOLDER'S EQUITY (DEFICIT)
Common stock, $1.00 par value; 2,000 shares authorized; 1,000 shares issued and outstanding	1,000	1,000
Additional paid in capital	103,650	103,928
Accumulated deficit	(104,650)	(104,928)
Total liabilities, mezzanine and deficit	$ 0	$ 0

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Restricted cash	$ 11,127	$ 11,208
Amortizable intangible assets, accumulated amortization	$ 347,423	$ 440,121
Senior preferred units, units outstanding	700,000	700,000
Limited partner unitholders, units outstanding	4,857,605	4,857,605
General partner unitholder, units outstanding	49,496	49,496
Class A Limited Partner Units
Limited partner unitholders, units outstanding	4,857,605	4,857,605
Class B Limited Partner Units
Limited partner unitholders, units outstanding	1,300,000	1,300,000
Ferrellgas, L.P
Restricted cash	$ 11,127	$ 11,208
Amortizable intangible assets, accumulated amortization	$ 347,423	$ 440,121
Senior preferred units, units outstanding	700,000	700,000
Ferrellgas Partners Finance Corp
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	2,000	2,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000
Ferrellgas Finance Corp
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	2,000	2,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Revenues:
Revenues	$ 587,347,000	$ 647,543,000	$ 1,684,579,000	$ 1,726,987,000
Costs and expenses:
Operating expense - personnel, vehicle, plant and other	147,477,000	147,293,000	434,572,000	392,418,000
Operating expense - equipment lease expense	5,861,000	5,775,000	17,471,000	17,487,000
Depreciation and amortization expense	23,753,000	23,067,000	69,453,000	65,306,000
General and administrative expense	16,213,000	10,962,000	54,161,000	39,321,000
Non-cash employee stock ownership plan compensation charge	767,000	776,000	2,212,000	2,436,000
Loss (gain) on asset sales and disposals	958,000	1,299,000	2,928,000	(6,566,000)
Operating income	96,819,000	92,237,000	238,691,000	239,533,000
Interest expense	(24,297,000)	(23,965,000)	(72,483,000)	(74,499,000)
Other income, net	852,000	99,000	1,865,000	4,406,000
Earnings before income taxes	73,374,000	68,371,000	168,073,000	169,440,000
Income tax expense	367,000	248,000	888,000	825,000
Net earnings	73,007,000	68,123,000	167,185,000	168,615,000
Net earnings attributable to noncontrolling interest	580,000	537,000	1,203,000	1,230,000
Net earnings attributable to Ferrellgas Partners, L.P.	72,427,000	67,586,000	165,982,000	167,385,000
Class A unitholders' interest in net earnings (Note M)	$ 6,115,000	$ 7,336,000	$ 16,608,000	$ 16,668,000
Class A Limited Partner Units
Costs and expenses:
Basic and diluted net earnings per Class A Unit (Note M)	$ 1.26	$ 1.51	$ 3.42	$ 3.43
Propane
Revenues:
Revenues	$ 559,047,000	$ 622,211,000	$ 1,596,777,000	$ 1,652,419,000
Costs and expenses:
Cost of sales	291,826,000	362,958,000	852,399,000	966,709,000
Other Revenues
Revenues:
Revenues	28,300,000	25,332,000	87,802,000	74,568,000
Costs and expenses:
Cost of sales	3,673,000	3,176,000	12,692,000	10,343,000
Ferrellgas, L.P
Revenues:
Revenues	587,347,000	647,543,000	1,684,579,000	1,726,985,000
Costs and expenses:
Operating expense - personnel, vehicle, plant and other	147,477,000	147,293,000	434,572,000	392,418,000
Operating expense - equipment lease expense	5,861,000	5,775,000	17,471,000	17,487,000
Depreciation and amortization expense	23,753,000	23,067,000	69,453,000	65,306,000
General and administrative expense	16,129,000	10,959,000	54,074,000	39,312,000
Non-cash employee stock ownership plan compensation charge	767,000	776,000	2,212,000	2,436,000
Loss (gain) on asset sales and disposals	958,000	1,299,000	2,928,000	(6,566,000)
Operating income	96,903,000	92,240,000	238,778,000	239,540,000
Interest expense	(24,297,000)	(23,965,000)	(72,483,000)	(74,499,000)
Other income, net	723,000	840,000	1,732,000	6,569,000
Earnings before income taxes	73,329,000	69,115,000	168,027,000	171,610,000
Income tax expense	362,000	243,000	883,000	820,000
Net earnings	72,967,000	68,872,000	167,144,000	170,790,000
Ferrellgas, L.P \| Propane
Revenues:
Revenues	559,047,000	622,211,000	1,596,777,000	1,652,419,000
Costs and expenses:
Cost of sales	291,826,000	362,958,000	852,399,000	966,709,000
Ferrellgas, L.P \| Other Revenues
Revenues:
Revenues	28,300,000	25,332,000	87,802,000	74,566,000
Costs and expenses:
Cost of sales	3,673,000	3,176,000	12,692,000	10,343,000
Ferrellgas Partners Finance Corp
Costs and expenses:
General and administrative expense	225	665	657	2,080
Net earnings	(225)	(665)	(657)	(2,080)
Ferrellgas Finance Corp
Costs and expenses:
General and administrative expense	225	932	278	2,400
Net earnings	$ (225)	$ (932)	$ (278)	$ (2,400)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Comprehensive income (loss):
Net earnings	$ 73,007	$ 68,123	$ 167,185	$ 168,615
Other comprehensive income (loss):
Change in value of risk management derivatives	(10,621)	29,355	(53,044)	84,427
Reclassification of losses (gains) on derivatives to earnings, net	13,450	(44,145)	7,378	(96,965)
Other comprehensive income (loss):	2,829	(14,790)	(45,666)	(12,538)
Comprehensive income	75,836	53,333	121,519	156,077
Comprehensive (income) loss attributable to noncontrolling interest	(609)	148	(742)	126
Comprehensive income attributable to Ferrellgas Partners, L.P.	75,227	53,481	120,777	156,203
Ferrellgas, L.P
Comprehensive income (loss):
Net earnings	72,967	68,872	167,144	170,790
Other comprehensive income (loss):
Change in value of risk management derivatives	(10,621)	29,355	(53,044)	84,427
Reclassification of losses (gains) on derivatives to earnings, net	13,450	(44,145)	7,378	(96,965)
Other comprehensive income (loss):	2,829	(14,790)	(45,666)	(12,538)
Comprehensive income attributable to Ferrellgas Partners, L.P.	$ 75,796	$ 54,082	$ 121,478	$ 158,252

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF EQUITY (DEFICIT) - USD ($)	Ferrellgas, L.P Limited Partner Unitholders	Ferrellgas, L.P General Partner	Ferrellgas, L.P Accumulated Other Comprehensive Income (Loss)	Ferrellgas, L.P	FERRELLGAS PARTNERS FINANCE CORP. [Member]	Limited Partner Unitholders Class A Limited Partner Units	Limited Partner Unitholders Class B Limited Partner Units	General Partner	Accumulated Other Comprehensive Income (Loss)	Parent [Member]	Non-Controlling Interest [Member]	Total
Partners' capital balance (in shares) at Jul. 31, 2021						4,857,600	1,300,000	49,500
Partners' capital balance, beginning at Jul. 31, 2021	$ (887,043,000)	$ (8,886,000)	$ 89,786,000	$ (806,143,000)		$ (1,214,813,000)	$ 383,012,000	$ (72,178,000)	$ 88,866,000	$ (815,113,000)	$ (7,966,000)	$ (823,079,000)
Increase (Decrease) in Partners' Capital [Roll Forward]
Contributions in connection with non-cash ESOP compensation charges	900,000	9,000		909,000		892,000		8,000		900,000	9,000	909,000
Distributions	(50,000,000)			(50,000,000)
Distributions to Class B unitholders							(49,998,000)			(49,998,000)		(49,998,000)
Net earnings allocated to preferred units	(17,005,000)			(17,005,000)		(16,835,000)		(170,000)		(17,005,000)		(17,005,000)
Net earnings (loss)	(7,913,000)	(254,000)		(8,167,000)		(8,520,000)		(86,000)		(8,606,000)	(254,000)	(8,860,000)
Other comprehensive income (loss)			50,322,000	50,322,000					49,813,000	49,813,000	509,000	50,322,000
Partners' capital balance, ending at Oct. 31, 2021	(961,061,000)	(9,131,000)	140,108,000	(830,084,000)		$ (1,239,276,000)	$ 333,014,000	$ (72,426,000)	138,679,000	(840,009,000)	(7,702,000)	(847,711,000)
Partners' capital balance (in shares) at Oct. 31, 2021						4,857,600	1,300,000	49,500
Partners' capital balance (in shares) at Jul. 31, 2021						4,857,600	1,300,000	49,500
Partners' capital balance, beginning at Jul. 31, 2021	(887,043,000)	(8,886,000)	89,786,000	(806,143,000)		$ (1,214,813,000)	$ 383,012,000	$ (72,178,000)	88,866,000	(815,113,000)	(7,966,000)	(823,079,000)
Increase (Decrease) in Partners' Capital [Roll Forward]
Contributions in connection with non-cash ESOP compensation charges		25,000
Net earnings (loss)				170,790,000	$ (2,080)							168,615,000
Other comprehensive income (loss)				(12,538,000)								(12,538,000)
Partners' capital balance, ending at Apr. 30, 2022	(814,109,000)	(7,631,000)	77,248,000	(744,492,000)		$ (1,145,259,000)	$ 383,012,000	$ (70,971,000)	76,454,000	(756,764,000)	(6,837,000)	(763,601,000)
Partners' capital balance (in shares) at Apr. 30, 2022						4,857,600	1,300,000	49,500
Partners' capital balance (in shares) at Oct. 31, 2021						4,857,600	1,300,000	49,500
Partners' capital balance, beginning at Oct. 31, 2021	(961,061,000)	(9,131,000)	140,108,000	(830,084,000)		$ (1,239,276,000)	$ 333,014,000	$ (72,426,000)	138,679,000	(840,009,000)	(7,702,000)	(847,711,000)
Increase (Decrease) in Partners' Capital [Roll Forward]
Contributions in connection with non-cash ESOP compensation charges	743,000	8,000		751,000		736,000		7,000		743,000	8,000	751,000
Net earnings allocated to preferred units	(16,317,000)			(16,317,000)		(16,154,000)		(163,000)		(16,317,000)		(16,317,000)
Net earnings (loss)	109,138,000	947,000		110,085,000		57,323,000	49,998,000	1,084,000		108,405,000	947,000	109,352,000
Other comprehensive income (loss)			(48,070,000)	(48,070,000)					(47,583,000)	(47,583,000)	(487,000)	(48,070,000)
Partners' capital balance, ending at Jan. 31, 2022	(867,497,000)	(8,176,000)	92,038,000	(783,635,000)		$ (1,197,371,000)	$ 383,012,000	$ (71,498,000)	91,096,000	(794,761,000)	(7,234,000)	(801,995,000)
Partners' capital balance (in shares) at Jan. 31, 2022						4,857,600	1,300,000	49,500
Increase (Decrease) in Partners' Capital [Roll Forward]
Contributions in connection with non-cash ESOP compensation charges	768,000	8,000		776,000		$ 759,000		$ 9,000		768,000	8,000	776,000
Net earnings allocated to preferred units	(15,715,000)			(15,715,000)		(15,558,000)		(157,000)		(15,715,000)		(15,715,000)
Net earnings (loss)	68,335,000	537,000		68,872,000	(665)	66,911,000		675,000		67,586,000	537,000	68,123,000
Other comprehensive income (loss)			(14,790,000)	(14,790,000)					(14,642,000)	(14,642,000)	(148,000)	(14,790,000)
Partners' capital balance, ending at Apr. 30, 2022	(814,109,000)	(7,631,000)	77,248,000	(744,492,000)		$ (1,145,259,000)	$ 383,012,000	$ (70,971,000)	76,454,000	(756,764,000)	(6,837,000)	(763,601,000)
Partners' capital balance (in shares) at Apr. 30, 2022						4,857,600	1,300,000	49,500
Partners' capital balance (in shares) at Jul. 31, 2022						4,857,600	1,300,000	49,500
Partners' capital balance, beginning at Jul. 31, 2022	(918,146,000)	(7,987,000)	38,307,000	(887,826,000)		$ (1,229,823,000)	$ 383,012,000	$ (71,320,000)	37,907,000	(880,224,000)	(7,587,000)	(887,811,000)
Increase (Decrease) in Partners' Capital [Roll Forward]
Contributions in connection with non-cash ESOP compensation charges	716,000	7,000		723,000		709,000		7,000		716,000	7,000	723,000
Net earnings allocated to preferred units	(16,251,000)			(16,251,000)		(16,088,000)		(163,000)		(16,251,000)		(16,251,000)
Net earnings (loss)	(4,544,000)	(212,000)		(4,756,000)		(4,500,000)		(45,000)		(4,545,000)	(212,000)	(4,757,000)
Other comprehensive income (loss)			(48,973,000)	(48,973,000)					(48,478,000)	(48,478,000)	(495,000)	(48,973,000)
Partners' capital balance, ending at Oct. 31, 2022	(938,225,000)	(8,192,000)	(10,666,000)	(957,083,000)		$ (1,249,702,000)	$ 383,012,000	$ (71,521,000)	(10,571,000)	(948,782,000)	(8,287,000)	(957,069,000)
Partners' capital balance (in shares) at Oct. 31, 2022						4,857,600	1,300,000	49,500
Partners' capital balance (in shares) at Jul. 31, 2022						4,857,600	1,300,000	49,500
Partners' capital balance, beginning at Jul. 31, 2022	(918,146,000)	(7,987,000)	38,307,000	(887,826,000)		$ (1,229,823,000)	$ 383,012,000	$ (71,320,000)	37,907,000	(880,224,000)	(7,587,000)	(887,811,000)
Increase (Decrease) in Partners' Capital [Roll Forward]
Contributions in connection with non-cash ESOP compensation charges		22,000
Net earnings (loss)				167,144,000	(657)							167,185,000
Other comprehensive income (loss)				(45,666,000)								(45,666,000)
Partners' capital balance, ending at Apr. 30, 2023	(848,078,000)	(6,762,000)	(7,359,000)	(862,199,000)		$ (1,160,913,000)	$ 383,012,000	$ (70,119,000)	(7,298,000)	(855,318,000)	(6,823,000)	(862,141,000)
Partners' capital balance (in shares) at Apr. 30, 2023						4,857,600	1,300,000	49,500
Partners' capital balance (in shares) at Oct. 31, 2022						4,857,600	1,300,000	49,500
Partners' capital balance, beginning at Oct. 31, 2022	(938,225,000)	(8,192,000)	(10,666,000)	(957,083,000)		$ (1,249,702,000)	$ 383,012,000	$ (71,521,000)	(10,571,000)	(948,782,000)	(8,287,000)	(957,069,000)
Increase (Decrease) in Partners' Capital [Roll Forward]
Contributions in connection with non-cash ESOP compensation charges	714,000	8,000		722,000		707,000		7,000		714,000	8,000	722,000
Net earnings allocated to preferred units	(16,222,000)			(16,222,000)		(16,060,000)		(162,000)		(16,222,000)		(16,222,000)
Net earnings (loss)	98,098,000	835,000		98,933,000		97,119,000		981,000		98,100,000	835,000	98,935,000
Other comprehensive income (loss)			478,000	478,000					473,000	473,000	5,000	478,000
Partners' capital balance, ending at Jan. 31, 2023	(855,635,000)	(7,349,000)	(10,188,000)	(873,172,000)		$ (1,167,936,000)	$ 383,012,000	$ (70,695,000)	(10,098,000)	(865,717,000)	(7,439,000)	(873,156,000)
Partners' capital balance (in shares) at Jan. 31, 2023						4,857,600	1,300,000	49,500
Increase (Decrease) in Partners' Capital [Roll Forward]
Contributions in connection with non-cash ESOP compensation charges	760,000	7,000		767,000		$ 752,000		$ 8,000		760,000	7,000	767,000
Distributions	(50,000,000)			(50,000,000)
Distributions to Class B unitholders							$ (49,998,000)			(49,998,000)		(49,998,000)
Net earnings allocated to Class B Units						(49,998,000)	49,998,000
Net earnings allocated to preferred units	(15,590,000)			(15,590,000)		(15,434,000)		(156,000)		(15,590,000)		(15,590,000)
Net earnings (loss)	72,387,000	580,000		72,967,000	$ (225)	71,703,000		724,000		72,427,000	580,000	73,007,000
Other comprehensive income (loss)			2,829,000	2,829,000					2,800,000	2,800,000	29,000	2,829,000
Partners' capital balance, ending at Apr. 30, 2023	$ (848,078,000)	$ (6,762,000)	$ (7,359,000)	$ (862,199,000)		$ (1,160,913,000)	$ 383,012,000	$ (70,119,000)	$ (7,298,000)	$ (855,318,000)	$ (6,823,000)	$ (862,141,000)
Partners' capital balance (in shares) at Apr. 30, 2023						4,857,600	1,300,000	49,500

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Cash flows from operating activities:
Net earnings (loss)	$ 167,185,000	$ 168,615,000
Reconciliation of net earnings to net cash provided by operating activities:
Depreciation and amortization expense	69,453,000	65,306,000
Non-cash employee stock ownership plan compensation charge	2,212,000	2,436,000
Loss (gain) on asset sales and disposals	2,928,000	(6,566,000)
Provision for expected credit losses	909,000	1,456,000
Other	6,050,000	5,593,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable	(49,556,000)	(89,133,000)
Inventories	17,374,000	(12,175,000)
Prepaid expenses and other current assets	(4,560,000)	3,731,000
Accounts payable	(8,126,000)	32,758,000
Accrued interest expense	(22,366,000)	(20,803,000)
Other current liabilities	(36,063,000)	(7,880,000)
Other assets and liabilities	(2,277,000)	(15,167,000)
Net cash provided by operating activities	143,163,000	128,171,000
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(24,079,000)	(9,610,000)
Capital expenditures	(70,246,000)	(69,611,000)
Proceeds from sale of assets	2,079,000	2,170,000
Cash payments to construct assets in connection with future lease transactions		(1,425,000)
Cash receipts in connection with leased vehicles		1,663,000
Net cash used in investing activities	(92,246,000)	(76,813,000)
Cash flows from financing activities:
Preferred unit distributions	(48,773,000)	(47,783,000)
Distributions to Class B unitholders	(49,998,000)	(49,998,000)
Payments on long-term debt	(1,291,000)	(1,208,000)
Proceeds from short-term borrowings	45,000,000
Repayments of short-term borrowings	(45,000,000)
Cash paid for financing costs		(337,000)
Cash payments for principal portion of lease liability	(4,935,000)	(4,889,000)
Net cash used in financing activities	(104,997,000)	(104,215,000)
Net change in cash, cash equivalents and restricted cash	(54,080,000)	(52,857,000)
Cash, cash equivalents and restricted cash - beginning of period	158,737,000	281,952,000
Cash, cash equivalents and restricted cash - end of period	104,657,000	229,095,000
Ferrellgas, L.P
Cash flows from operating activities:
Net earnings (loss)	167,144,000	170,790,000
Reconciliation of net earnings to net cash provided by operating activities:
Depreciation and amortization expense	69,453,000	65,306,000
Non-cash employee stock ownership plan compensation charge	2,212,000	2,436,000
Loss (gain) on asset sales and disposals	2,928,000	(6,566,000)
Provision for expected credit losses	909,000	1,456,000
Other	6,050,000	5,595,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable	(49,556,000)	(89,133,000)
Inventories	17,374,000	(12,175,000)
Prepaid expenses and other current assets	(4,560,000)	3,730,000
Accounts payable	(8,126,000)	32,758,000
Accrued interest expense	(22,366,000)	(20,803,000)
Other current liabilities	(36,149,000)	(7,937,000)
Other assets and liabilities	(2,277,000)	(17,258,000)
Net cash provided by operating activities	143,036,000	128,199,000
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(24,079,000)	(9,610,000)
Capital expenditures	(70,246,000)	(69,611,000)
Proceeds from sale of assets	2,079,000	2,170,000
Cash payments to construct assets in connection with future lease transactions		(1,425,000)
Cash receipts in connection with leased vehicles		1,663,000
Net cash used in investing activities	(92,246,000)	(76,813,000)
Cash flows from financing activities:
Preferred unit distributions	(48,773,000)	(47,783,000)
Distributions to Class B unitholders	(50,000,000)	(50,000,000)
Payments on long-term debt	(1,291,000)	(1,208,000)
Proceeds from short-term borrowings	45,000,000
Repayments of short-term borrowings	(45,000,000)
Cash paid for financing costs		(337,000)
Cash payments for principal portion of lease liability	(4,935,000)	(4,889,000)
Net cash used in financing activities	(104,999,000)	(104,217,000)
Net change in cash, cash equivalents and restricted cash	(54,209,000)	(52,831,000)
Cash, cash equivalents and restricted cash - beginning of period	158,466,000	281,688,000
Cash, cash equivalents and restricted cash - end of period	104,257,000	228,857,000
Ferrellgas Partners Finance Corp
Cash flows from operating activities:
Net earnings (loss)	(657)	(2,080)
Changes in operating assets and liabilities, net of effects from business acquisitions:
Other current liabilities	(1,706)	1,382
Net cash provided by operating activities	(2,363)	(698)
Cash flows from financing activities:
Capital contribution	2,363	0
Net cash used in financing activities	2,363	0
Net change in cash, cash equivalents and restricted cash	0	(698)
Cash, cash equivalents and restricted cash - beginning of period	0	1,000
Cash, cash equivalents and restricted cash - end of period	0	302
Ferrellgas Finance Corp
Cash flows from operating activities:
Net earnings (loss)	(278)	(2,400)
Changes in operating assets and liabilities, net of effects from business acquisitions:
Prepaid expenses and other current assets	0	1,110
Net cash provided by operating activities	(278)	(1,290)
Cash flows from financing activities:
Capital contribution	278	319
Net cash used in financing activities	278	319
Net change in cash, cash equivalents and restricted cash	0	(971)
Cash, cash equivalents and restricted cash - beginning of period	0	1,100
Cash, cash equivalents and restricted cash - end of period	$ 0	$ 129

Partnership organization and fo

Partnership organization and formation	9 Months Ended
Partnership organization and formation	Apr. 30, 2023
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Partnership organization and formation	A. Partnership organization and formation Ferrellgas Partners Ferrellgas Partners, L.P. (“Ferrellgas Partners”) was formed on April 19, 1994, and is a publicly traded limited partnership. Ferrellgas Partners is a holding entity that conducts no operations and has two direct subsidiaries, Ferrellgas Partners Finance Corp. and Ferrellgas, L.P. (the “operating partnership”). Ferrellgas Partners was formed to acquire and hold a limited partner interest in the operating partnership. Ferrellgas Partners owns a 100% equity interest in Ferrellgas Partners Finance Corp., whose only business activity is to act as the co-issuer and co-obligor of any debt securities issued by Ferrellgas Partners. Our activities are primarily conducted through the operating partnership. Ferrellgas Partners and the operating partnership, collectively referred to as “Ferrellgas,” are both Delaware limited partnerships and are governed by their respective partnership agreements. These agreements contain specific provisions for the allocation of net earnings and loss to each of the partners for purposes of maintaining the partner capital accounts. Ferrellgas, Inc. (the “general partner”), a Delaware corporation and a wholly-owned subsidiary of Ferrell Companies, is the sole general partner of Ferrellgas Partners and the operating partnership and, excluding the economic interests attributable to Ferrellgas Partners’ Class B Units and the operating partnership’s Preferred Units (as defined in Note F “Preferred units”), owns an approximate 1% general partner economic interest in each, and, therefore, an effective 2% general partner economic interest in the operating partnership. Excluding the economic interests attributable to the Preferred Units, Ferrellgas Partners owns an approximate 99% limited partner interest in the operating partnership. Our general partner performs all management functions for us. Unless contractually provided for, creditors of the operating partnership have no recourse with regards to Ferrellgas Partners. As of April 30, 2023, Ferrell Companies Inc., a Kansas corporation (“Ferrell Companies”), the parent company of our general partner, beneficially owns approximately 23.4% of Ferrellgas Partners’ outstanding Class A Units. Ferrell Companies is owned 100% by an employee stock ownership trust. The operating partnership The operating partnership was formed on April 22, 1994, and accounts for substantially all of our consolidated assets, sales and operating earnings. The operating partnership is a limited partnership that owns and operates propane distribution and related assets. Ferrellgas Partners and the holders of the Preferred Units are the only limited partners of the operating partnership. The operating partnership owns a 100% equity interest in Ferrellgas Finance Corp., whose only business activity is to act as the co-issuer and co-obligor of debt securities issued by the operating partnership. The operating partnership is primarily engaged in the retail distribution of propane and related equipment sales. The propane distribution market is seasonal because propane is used primarily for heating in residential and commercial buildings. Ferrellgas serves residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers in all 50 states, the District of Columbia, and Puerto Rico. Basis of presentation Due to seasonality, the results of operations for the nine months ended April 30, 2023 are not necessarily indicative of the results to be expected for the full fiscal year ending July 31, 2023. The condensed consolidated financial statements of Ferrellgas reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim periods presented. All adjustments to the condensed consolidated financial statements were of a normal recurring nature. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with (i) the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and (ii) the consolidated financial statements and accompanying notes included in Ferrellgas’ Annual Report on Form 10-K for fiscal 2022.
Ferrellgas Partners Finance Corp
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Partnership organization and formation	A. Formation Ferrellgas Partners Finance Corp. (“Partners Finance Corp.”), a Delaware corporation, was formed on March 28, 1996 and is a wholly-owned subsidiary of Ferrellgas Partners, L.P. (“Ferrellgas Partners”). Ferrellgas Partners contributed $1,000 to Partners Finance Corp. on April 8, 1996 in exchange for 1,000 shares of common stock. Partners Finance Corp. has nominal assets, does not conduct any operations and has no employees.
Ferrellgas Finance Corp
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Partnership organization and formation	A. Formation Ferrellgas Finance Corp. (“Finance Corp.”), a Delaware corporation, was formed on January 16, 2003 and is a wholly-owned subsidiary of Ferrellgas, L.P. (the “operating partnership”). The operating partnership contributed $1,000 to Finance Corp. on January 24, 2003 in exchange for 1,000 shares of common stock. Finance Corp. has nominal assets, does not conduct any operations and has no employees.

Summary of significant accounti

Summary of significant accounting policies	9 Months Ended
Summary of significant accounting policies	Apr. 30, 2023
Summary of significant accounting policies
Summary of significant accounting policies	B. Summary of significant accounting policies (1) Accounting estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from these estimates. Significant estimates impacting the condensed consolidated financial statements include accruals that have been established for contingent liabilities, pending claims and legal actions arising in the normal course of business, useful lives of property, plant and equipment, residual values of tanks, capitalization of customer tank installation costs, amortization methods of intangible assets, valuation methods used to value sales returns and allowances, allowance for expected credit losses, recoverability of long-lived assets, assumptions used to value business combinations, determination of incremental borrowing rate used to measure right-of-use asset and lease liability, and fair values of derivative contracts. (2) Goodwill, net Goodwill is tested for impairment annually during the second fiscal quarter, or more frequently if events or changes in circumstances indicate that it is more likely than not the fair value of a reporting unit is less than the carrying value. Ferrellgas has determined that it has one reporting unit for goodwill impairment testing purposes. Ferrellgas completed its most recent annual goodwill impairment test on January 31, 2023 and did not incur an impairment loss. (3) New accounting standards Recently adopted accounting pronouncements No new accounting standards were adopted during the nine months ended April 30, 2023. Recently issued accounting pronouncements not yet adopted There were no recently issued accounting standards that could have a material impact to our financial position, results of operations, cash flows, or notes to condensed consolidated financial statements upon their adoption.

Supplemental financial statemen

Supplemental financial statement information	9 Months Ended
Supplemental financial statement information	Apr. 30, 2023
Supplemental financial statement information
Supplemental financial statement information	C. Supplemental financial statement information Inventories Inventories consist of the following: April 30, 2023 July 31, 2022 Propane gas and related products $ 76,611 $ 96,679 Appliances, parts and supplies, and other 21,202 18,508 Inventories $ 97,813 $ 115,187 In addition to inventories on hand, Ferrellgas enters into contracts to take delivery of propane for supply procurement purposes with terms that generally do not exceed 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of April 30, 2023, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 1.2 million gallons of propane at net fixed prices. Prepaid expenses and other current assets Ferrellgas Partners Prepaid expenses and other current assets consist of the following: April 30, 2023 July 31, 2022 Broker margin deposit assets $ 15,225 $ 12,338 Other 20,099 18,426 Prepaid expenses and other current assets $ 35,324 $ 30,764 The operating partnership Prepaid expenses and other current assets consist of the following: April 30, 2023 July 31, 2022 Broker margin deposit assets $ 15,225 $ 12,338 Other 20,078 18,405 Prepaid expenses and other current assets $ 35,303 $ 30,743 Other current liabilities Ferrellgas Partners Other current liabilities consist of the following: April 30, 2023 July 31, 2022 Accrued interest $ 7,337 $ 29,703 Customer deposits and advances 27,245 33,189 Accrued payroll 27,976 29,717 Accrued insurance 17,341 16,114 Accrued senior preferred units distributions 16,870 17,466 Other 62,285 59,616 Other current liabilities $ 159,054 $ 185,805 The operating partnership Other current liabilities consist of the following: April 30, 2023 July 31, 2022 Accrued interest $ 7,337 $ 29,703 Customer deposits and advances 27,245 33,189 Accrued payroll 27,976 29,717 Accrued insurance 17,341 16,114 Accrued senior preferred units distributions 16,870 17,466 Other 61,922 59,339 Other current liabilities $ 158,691 $ 185,528 Shipping and handling expenses Shipping and handling expenses are classified in the following condensed consolidated statements of operations line items: For the three months ended April 30, For the nine months ended April 30, 2023 2022 2023 2022 Operating expense - personnel, vehicle, plant and other $ 78,940 $ 71,487 $ 218,956 $ 184,128 Depreciation and amortization expense 3,651 3,934 12,962 10,270 Operating expense - equipment lease expense 3,502 4,054 9,039 11,721 Shipping and handling expenses $ 86,093 $ 79,475 $ 240,957 $ 206,119 Cash, cash equivalents and restricted cash For purposes of the condensed consolidated statements of cash flows, Ferrellgas considers cash equivalents to include all highly liquid debt instruments purchased with an original maturity of three months or less. Restricted cash in the tables below as of April 30, 2023 and July 31, 2022 consists of the balance of a cash deposit made with the administrative agent under the operating partnership’s senior secured credit facility that was terminated in April 2020, which may be used by the administrative agent to pay contingent obligations arising under the financing agreement that governed the terminated senior secured credit facility. Ferrellgas Partners Cash, cash equivalents and restricted cash consist of the following: April 30, 2023 July 31, 2022 Cash and cash equivalents $ 93,530 $ 147,529 Restricted cash 11,127 11,208 Cash, cash equivalents and restricted cash $ 104,657 $ 158,737 The operating partnership Cash, cash equivalents and restricted cash consist of the following: April 30, 2023 July 31, 2022 Cash and cash equivalents $ 93,130 $ 147,258 Restricted cash 11,127 11,208 Cash, cash equivalents and restricted cash $ 104,257 $ 158,466 Certain cash flow and non-cash activities Certain cash flow and significant non-cash activities are presented below: Ferrellgas Partners For the nine months ended April 30, 2023 2022 Cash paid for: Interest $ 88,865 $ 85,867 Income taxes $ 713 $ 650 Non-cash investing and financing activities: Liabilities incurred in connection with acquisitions $ 3,435 $ 644 Change in accruals for property, plant and equipment additions $ 331 $ 426 Lease liabilities arising from operating right-of-use assets $ 6,254 $ 11,240 Lease liabilities arising from finance right-of-use assets $ — $ 1,872 Accrued senior preferred units distributions $ 16,870 $ 16,873 The operating partnership For the nine months ended April 30, 2023 2022 Cash paid for: Interest $ 88,865 $ 85,867 Income taxes $ 708 $ 646 Non-cash investing and financing activities: Liabilities incurred in connection with acquisitions $ 3,435 $ 644 Change in accruals for property, plant and equipment additions $ 331 $ 426 Lease liabilities arising from operating right-of-use assets $ 6,254 $ 11,240 Lease liabilities arising from finance right-of-use assets $ — $ 1,872 Accrued senior preferred units distributions $ 16,870 $ 16,873

Accounts and notes receivable,

Accounts and notes receivable, net	9 Months Ended
Accounts and notes receivable, net	Apr. 30, 2023
Accounts and notes receivable, net
Accounts and notes receivable, net	D. Accounts and notes receivable, net Accounts and notes receivable, net consist of the following: April 30, 2023 July 31, 2022 Accounts receivable $ 203,234 $ 154,570 Note receivable 2,500 2,517 Less: Allowance for expected credit losses (6,692) (6,692) Accounts and notes receivable, net $ 199,042 $ 150,395

Debt

Debt	9 Months Ended
Debt	Apr. 30, 2023
Debt
Debt	E. Debt Short-term borrowing Ferrellgas classifies borrowings under its Credit Facility (as defined below) as short-term because they are primarily used to fund working capital needs that management intends to pay down within the twelve month period following the balance sheet date. As of April 30, 2023, we did not have any short-term borrowings. For further discussion, see the “Senior secured revolving credit facility” section below. Long-term debt Long-term debt consists of the following: April 30, 2023 July 31, 2022 Unsecured senior notes Fixed rate, 5.375%, due 2026 $ 650,000 $ 650,000 Fixed rate, 5.875%, due 2029 825,000 825,000 Notes payable 8.3% and 8.9% weighted average interest rate at April 30, 2023 and July 31, 2022, respectively, due 2023 to 2028, net of unamortized discount of $1,188 and $465 at April 30, 2023 and July 31, 2022, respectively 7,012 4,539 Total debt, excluding unamortized debt issuance and other costs 1,482,012 1,479,539 Unamortized debt issuance and other costs (24,086) (27,731) Less: current portion of long-term debt 2,717 1,792 Long-term debt $ 1,455,209 $ 1,450,016 Senior secured revolving credit facility On March 30, 2021, the operating partnership, the general partner and certain of the operating partnership’s subsidiaries entered into a credit agreement (the “Credit Agreement”), which provides for a four-year All borrowings under the Credit Facility are guaranteed by the general partner and the direct and indirect subsidiaries of the operating partnership (other than Ferrellgas Finance Corp. and Ferrellgas Receivables, LLC) and a limited-recourse guaranty from Ferrellgas Partners (limited to its equity interests in the operating partnership). Additionally, all borrowings are secured, on a first priority basis, by substantially all of the assets of the operating partnership and its subsidiaries and all of the equity interests in the operating partnership held by the general partner and Ferrellgas Partners. Availability under the Credit Facility is, at any time, an amount equal to (a) the lesser of the revolving commitment and the Borrowing Base (as defined below) minus (b) the sum of the aggregate outstanding amount of borrowings under the Credit Facility plus the undrawn amount of outstanding letters of credit under the Credit Facility plus unreimbursed drawings in respect of letters of credit (unless otherwise converted into revolving loans). The “Borrowing Base” equals the sum of: (a) $200.0 million, plus (b) 80% of the eligible accounts receivable of the operating partnership and its subsidiaries, plus (c) 70% of the eligible propane inventory of the operating partnership and its subsidiaries, valued at weighted average cost, less (d) certain reserves, as determined and subject to certain modifications by the administrative agent in its permitted discretion. Amounts borrowed under the Credit Facility bear interest, at the operating partnership's option, at either (a) for base rate loans, (i) a base rate determined by reference to the highest of (A) the rate of interest last quoted by The Wall Street Journal Subsequent to April 30, 2023, the Company entered into a Second Amendment to the Credit Agreement and Third Amendment to the Credit Agreement. The Second Amendment replaced the Adjusted LIBO Rate, currently scheduled to cease being published on June 30, 2023, with the Secured Overnight Financing Rate (“SOFR”) and modified SOFR fall back pricing provisions. The Third Amendment (1) increased the sublimit for the issuance of letters of credit from $200.0 million to $300.0 million; (2) provided for the release of the guaranties provided by Bridger Logistics, LLC (“Bridger”) and its subsidiaries (collectively, the “Bridger Entities”) and the release of the liens encumbering assets of the Bridger Entities; (3) modified the event of default related to judgments so that any unpaid judgment against one or more subsidiaries of the Company that are not guarantors, including the Bridger Entities, will not constitute an event of default; (4) added an event of default for payments for judgments or litigation settlements in excess of $100.0 million in the aggregate after the effective date of the Third Amendment; and (5) modified the debt and lien limitations to increase the amount of appeal bonds that may be posted for appeals of any existing litigation. The Credit Agreement contains customary representations, warranties, covenants and events of default and requires the operating partnership to maintain the following financial covenants: Financial Covenant Ratio Minimum interest coverage ratio (1) 2.50x Maximum secured leverage ratio (2) 2.50x Maximum total net leverage ratio (3) (4) 4.75x (1) Defined generally as the ratio of adjusted EBITDA to cash interest expense. (2) Defined generally as the ratio of total first priority secured indebtedness to adjusted EBITDA. (3) Defined generally as the ratio of total indebtedness (net of unrestricted cash, subject to certain limits) to adjusted EBITDA. (4) Was 5.25 x immediately prior to the quarter ended October 31, 2022 and 5.00 x immediately prior to the quarter ended April 30, 2023. In addition to the financial covenants, the Credit Agreement includes covenants that may (or if not met will) restrict the ability of the operating partnership to take certain actions. In particular, under these covenants, subject to certain exceptions and additional requirements, the operating partnership is permitted to make cash distributions to holders of Preferred Units, Ferrellgas Partners and the general partner, redemptions of Preferred Units and other restricted payments (i) only in limited amounts specified in the Credit Agreement and (ii) only if availability under the Credit Facility exceeds the greater of $50.0 million and 15% of the Borrowing Base and the operating partnership’s total net leverage ratio is not greater than 4.75 to 1.0. As of April 30, 2023, the operating partnership is in compliance with all of its debt covenants. Senior unsecured notes On March 30, 2021, $650.0 million aggregate principal amount of 5.375% senior notes due 2026 (the “2026 Notes”) and $825.0 million aggregate principal amount of 5.875% senior notes due 2029 (the “2029 Notes”) were issued. The 2026 Notes and 2029 Notes are the senior unsecured obligations of the operating partnership and Ferrellgas Finance Corp. and are unconditionally guaranteed, jointly and severally, on a senior unsecured basis by the general partner and all domestic subsidiaries of the operating partnership other than Ferrellgas Finance Corp. and Ferrellgas Receivables, LLC. The 2029 Notes may be redeemed prior to April 1, 2024 at the issuers’ option, in whole or in part, at a redemption price of par plus the applicable make-whole premium and accrued and unpaid interest. On and after April 1, 2023 and April 1, 2024, the 2026 Notes and the 2029 Notes, respectively, may be redeemed at the issuers’ option, in whole or in part, at the redemption prices set forth in the respective indenture governing such notes, plus accrued and unpaid interest. Beginning on April 1, 2025 and April 1, 2026, the 2026 Notes and 2029 Notes, respectively, may be redeemed at par plus accrued and unpaid interest. The indentures governing the 2026 Notes and 2029 Notes contain customary affirmative and negative covenants restricting, among other things, the ability of the operating partnership and its restricted subsidiaries to take certain actions. In particular, under these covenants, subject to certain exceptions and additional requirements, the operating partnership is permitted to make cash distributions to holders of Preferred Units, Ferrellgas Partners and the general partner, redemptions of Preferred Units and other restricted payments (i) only in limited amounts specified in the indentures and (ii) only if the operating partnership’s net leverage ratio (defined generally to mean the ratio of consolidated total net debt to trailing four quarters consolidated EBITDA, both as adjusted for certain, specified items) is not greater than 5.0 to 1.0, on a pro forma basis giving effect to the restricted payment and, if applicable, certain other specified events. Further, if the operating partnership’s consolidated fixed charge coverage ratio (defined generally to mean the ratio of trailing four quarters consolidated EBITDA to consolidated fixed charges, both as adjusted for certain, specified items) is equal to or less than 1.75 to 1.00 (on a pro forma basis giving effect to the restricted payment and, if applicable, certain other specified events), the amount of distributions and other restricted payments the operating partnership is permitted to make under the indentures is further limited. As of April 30, 2023, the operating partnership is in compliance with all of its debt covenants. The scheduled annual principal payments on long-term debt are as follows: Scheduled Payment due by fiscal year principal payments 2023 $ 545 2024 2,597 2025 2,110 2026 651,728 2027 810 Thereafter 825,410 Total $ 1,483,200 Letters of credit outstanding at April 30, 2023 and July 31, 2022 totaled $74.0 million and $87.6 million, respectively, and were used to secure insurance arrangements, product purchases and commodity hedges. As of April 30, 2023, Ferrellgas had available borrowing capacity under its Credit Facility of $276.0 million.

Preferred units

Preferred units	9 Months Ended
Preferred units	Apr. 30, 2023
Preferred units
Preferred units	F. Preferred units On March 30, 2021, pursuant to an Investment Agreement, the operating partnership issued an aggregate of 700,000 Preferred Units (the “Preferred Units”), having an aggregate initial liquidation preference of $700.0 million. Redemption of the Preferred Units in the near term is not probable because of the high redemption price in the first three to four years. As described in greater detail under “Issuer Redemption Right” below, the Redemption Price for the Preferred Units is based upon the greater of the amount that would result in a 1.47x MOIC (defined below) and the amount that would result in a 12.25% internal rate of return. If the Preferred Units were redeemed during the first three to four years after issuance, the 1.47x MOIC would require a large premium payment and that large premium payment would result in an internal rate of return far in excess of the minimum 12.25%. Consequently, it is unlikely that Ferrellgas would be able to achieve any savings in its cost of capital by redeeming the Preferred Units during the first three to four years after issuance. “ MOIC The preferences, rights, privileges and other terms of the Preferred Units are set forth in the First Amendment to the Amended OpCo LPA (the “OpCo LPA Amendment”) entered into by the general partner on March 30, 2021 (along with the Fifth Amended and Restated Agreement of Limited Partnership of Ferrellgas, L.P. (the “Amended OpCo LPA”)) and are described below. Issuer Redemption Right The operating partnership has the right to redeem all or a portion of the Preferred Units for cash, pro rata and at any time and from time to time, including in connection with a Change of Control (as defined in the OpCo LPA Amendment), at an amount per Preferred Unit (the “Redemption Price”) equal to, without duplication, the sum of (a) the greater of (i) the amount necessary to result in a MOIC of 1.47x in respect of the purchase price, before discount, of such Preferred Unit, which is $1,000 per Preferred Unit (the “Purchase Price”), and (ii) the amount necessary to result in the applicable internal rate of return equal to 12.25%, which is increased by 150 basis points if the operating partnership has elected to pay more than four Quarterly Distributions (as defined below) in PIK Units (as defined below) and (b) the accumulated but unpaid Quarterly Distributions to the date of redemption, if any. A partial redemption of the Preferred Units is permitted only in the event the aggregate amount to be paid in respect of all Preferred Units included in such partial redemption is at least $25.0 million. Investor Redemption Right In the event that (i) any Class B Units are outstanding, or (ii) (x) no Class B Units are outstanding and (y) no more than 233,300 Preferred Units are outstanding, at any time on and after March 30, 2031, the Required Holders may elect, by delivery of written notice, to have the operating partnership fully redeem each remaining outstanding Preferred Unit for an amount in cash equal to the Redemption Price. “Required Holders” refers to both (i) holders owning at least 33.3% of the total Preferred Units outstanding at any time and (ii) certain initial affiliated purchasers, for so long as such initial affiliated purchasers collectively own at least 25% of the Preferred Units outstanding at such time. In the event that (i) no Class B Units are outstanding and (ii) more than 233,300 Preferred Units are outstanding, the Required Holders will have the right to trigger a sale of the operating partnership after March 30, 2031. If the operating partnership fails to consummate a sale that would pay the Redemption Price in full within 180 days of written notice requiring such sale, the Required Holders will have the right to appoint a majority of the members of the Board of Directors of the general partner and initiate a sale of the operating partnership. Change of Control Upon a Change of Control (as defined in the OpCo LPA Amendment), the Required Holders will have the option to require the redemption of all or a portion of the Preferred Units in cash in an amount equal to the Redemption Price; provided, that such Redemption Price shall not be payable unless the operating partnership shall have first made any required change of control offer pursuant to the indentures governing the 2026 Notes and the 2029 Notes and purchased all such 2026 Notes and 2029 Notes tendered pursuant to such offer (unless otherwise waived by such noteholders); provided, further that the Redemption Price shall be paid immediately following the purchase of such tendered Notes (if any). Fair Value of Embedded Derivatives Fe rrellgas identified the investor redemption right and the change in control option as embedded derivatives that require bifurcation as they are has concluded that the fair values at issuance and at April 30, 2023 and July 31, 2022, are immaterial to the financial statements. Distributions Pursuant to the OpCo LPA Amendment, the operating partnership is required to pay to the holders of each Preferred Unit a cumulative, quarterly distribution (the Quarterly Distribution”) at the Distribution Rate (as defined below) on the Purchase Price. “ Distribution Rate” means, for the first five years after March 30, 2021, a rate per annum equal to 8.956% , with certain increases in the Distribution Rate on each of the 5 th , 6 th and 7 th anniversaries of March 30, 2021, subject to a maximum rate of 11.125% and certain other adjustments and exceptions. The Quarterly Distribution may be paid in cash or, at the election of the operating partnership, in kind” through the issuance of additional Preferred Units ( PIK Units”) at the quarterly Distribution Rate plus an applicable premium that escalates each year from 75 bps to 300 bps so long as the Preferred Units remain outstanding. In the event the operating partnership fails to make any Quarterly Distribution in cash, such Quarterly Distribution will automatically be paid in PIK Units. The Distribution Rate on the Preferred Units will increase upon violation of certain protective provisions for the benefit of Preferred Unit holders notwithstanding the cap mentioned above. On February 15, 2023 and May 15, 2023, $15.4 million of the Quarterly Distribution On February 15, 2022 and May 15, 2022, $15.4 million of the Quarterly Distribution was paid for each quarter in cash to holders of Preferred Units. As of April 30, 2022, the Quarterly Distribution accrued was $16.9 million. The remaining Quarterly Distribution accrued of $1.5 million represented Additional Amounts payable to certain holders of Preferred Units pursuant to the side letters. Tax Distributions For any quarter in which the operating partnership makes a Quarterly Distribution in PIK Units in lieu of cash, it will be required to make a subsequent cash tax distribution for such quarter in an amount equal to the (i) the lesser of (x) 25% and (y) the highest combined federal, state and local tax rate applicable for corporations organized in New York, multiplied by (ii) the excess (if any) of (A) one-fourth “ Additional Amounts for Certain Purchasers The operating partnership is required to pay certain additional amounts of cash (the “Additional Amounts”) as necessary to certain holders of Preferred Units that hold their interests through a “blocker,” which is a U.S. entity that is owned and organized by certain original purchasers of Preferred Units who are non-U.S. persons or tax exempt for U.S. tax purposes and is treated as a corporation for U.S. tax purposes. Only certain original purchasers of Preferred Units who hold their Preferred Units through such blockers are, and none of their transferees is, entitled to Additional Amounts. Additional Amounts are capped at the lesser of: (a) the product of 20% multiplied by taxable income allocated to a “blocker” (as defined) divided by 0.8, and (b) the actual taxes payable by the “blocker” as a result of holding Senior Preferred Units. Board Rights For so long as at least 140,000 Preferred Units remain outstanding, holders of the Preferred Units have the right to designate one director to the Board of the general partner, subject to approval by the general partner. Protective Provisions The OpCo LPA Amendment and the Sixth Amended and Restated Agreement of Limited Partnership of Ferrellgas Partners, L.P. (the “Amended Ferrellgas Partners LPA”) include, among other things, certain covenants for the benefit of holders of Preferred Units applicable to the operating partnership and, in certain instances, Ferrellgas Partners, for so long as at least $35,000,000 of Preferred Units and PIK Units remain outstanding. These covenants include, among other things, limitations on (i) effecting a Change of Control, (ii) amending organizational documents, (iii) issuing certain equity securities, (iv) issuing Preferred Units, (v) filing for bankruptcy, (vi) non-ordinary course investments, and (vii) incurring certain levels of indebtedness. Ranking and Liquidation Preference The Preferred Units rank senior to any other class or series of equity interests of the operating partnership (including the partnership interests held by Ferrellgas Partners and the general partner). Upon a liquidation, dissolution or winding up of the operating partnership, each holder of Preferred Units will be entitled to receive, prior and in preference to any distribution of any assets of the operating partnership to the holders of any other class or series of equity interests in the operating partnership (including Ferrellgas Partners and the general partner), an amount per Preferred Unit equal to the Redemption Price. Restrictions on Cash Distributions to Ferrellgas Partners and the General Partner The operating partnership is permitted to make distributions of Available Cash (as defined in the Amended OpCo LPA) to Ferrellgas Partners only if (i) the operating partnership has made all required Quarterly Distributions (in cash or PIK Units), Tax Distributions and payments of Additional Amounts, (ii) the operating partnership has redeemed all PIK Units issued, (iii) the operating partnership’s consolidated net leverage (defined generally to mean the ratio of the operating partnership’s consolidated total net debt (including the total redemption price of all outstanding Preferred Units and PIK Units but excluding certain letters of credit and capital lease obligations) as of each Quarterly Distribution Date to trailing four quarters consolidated EBITDA, both as adjusted for certain, specified items) is below 7.25x through May 15, 2022 and 7.00x thereafter, net of cash, immediately before and after giving effect to such distribution, (iv) the operating partnership has at least $100 million of liquidity, consisting of unrestricted cash on hand and available capacity under the Credit Agreement or any replacement thereof, and (v) the operating partnership is in compliance with the other protective provisions in the OpCo LPA Amendment.

Equity (Deficit)

Equity (Deficit)	9 Months Ended
Equity (Deficit)	Apr. 30, 2023
Equity [Abstract]
Equity (Deficit)	G. Equity (Deficit) Ferrellgas Partners Class B Units On March 30, 2021, Ferrellgas Partners issued 1.3 million Class B Units to the holders of the $357.0 million aggregate principal amount of its 8.625% senior unsecured notes due June 2020 (the “Ferrellgas Partners Notes”) in exchange for such holders’ contribution of the Ferrellgas Partners Notes to Ferrellgas Partners as a capital contribution and in satisfaction of such holders’ claims in respect of the Ferrellgas Partners Notes. The terms of the Class B Units are set forth in the Amended Ferrellgas Partners LPA entered into by the general partner on March 30, 2021. Ferrellgas Partners may, subject to certain conditions, issue additional Class A Units to such parties as determined at the discretion of Ferrellgas Partners, upon consent by the holders of the requisite percentage of Class B Units as specified in the Amended Ferrellgas Partners LPA (the “Requisite Class B Units”), which refers to: (i) if the initial majority holder of Class B Units holds at least 50% of Class B Units, holders of at least 50% of the outstanding Class B Units, or (ii) if the initial majority holder of Class B Units holds less than 50% of Class B Units, holders of at least one-third Pursuant to the Amended Ferrellgas Partners LPA, while any Class B Units remain outstanding, any distributions by Ferrellgas Partners to its partners must be made such that the ratio of (i) the amount of distributions made to holders of Class B Units to (ii) the amount of distributions made to holders of Class A Units and the general partner is not less than 6:1. Once holders of Class B Units receive distributions in the aggregate amount of $357.0 million (which was the outstanding principal amount of the Ferrellgas Partners Notes), the Class B Units will be (i) convertible into Class A Units at the option of Ferrellgas Partners, if that distribution threshold is reached prior to March 30, 2026, the fifth anniversary post-emergence, or (ii) converted automatically into Class A Units, if the distribution threshold is reached on or after March 30, 2026, in each case at the applicable conversion rate set forth in the following table: Period Conversion Factor March 31, 2023 through March 30, 2024 3.50x March 31, 2024 through March 30, 2025 4.00x March 31, 2025 through March 30, 2026 5.00x March 31, 2026 through March 30, 2027 6.00x March 31, 2027 through March 30, 2028 7.00x March 31, 2028 through March 30, 2029 10.00x March 31, 2029 through March 30, 2030 12.00x March 31, 2030 through March 30, 2031 25.00x Ferrellgas Partners may redeem the Class B Units through March 30, 2026, in full, at a price equal to an amount that will result in an internal rate of return with respect to the Class B Units equal to the sum of (i) 300 basis points and (ii) the internal rate of return for the Preferred Units as specified in the Amended Ferrellgas Partners LPA, subject to the minimum redemption price of $302.08 per unit. The total internal rate of return required to redeem the Class B Units is 15.85%, but that amount increases under certain circumstances, including if the operating partnership paid distributions on the Preferred Units in-kind rather than in cash for a certain number of quarters. There have not been any in-kind distributions through April 30, 2023. During the period through March 30, 2026, after Ferrellgas Partners has distributed $356 million in distributions to holders of the Class B Units, Ferrellgas Partners will have the option to hold cash for six months at either Ferrellgas Partners or Ferrellgas Partners Finance Corp. for the sole purpose of redeeming the Class B Units. However, if the funds held are not used to redeem the Class B Units, the funds must either be distributed to holders of the Class B Units and, if applicable, holders of the Class A Units and the general partner or returned to the operating partnership. Ferrellgas Partners will only be able to redeem the Class B Units to the extent it receives sufficient distributions from the operating partnership, and the operating partnership is limited in its ability to make distributions by the indentures that govern the 2026 Notes and the 2029 Notes, the Credit Agreement and the OpCo LPA Amendment governing the Preferred Units. The holders of the Class B Units will have the right to acquire the general partner interests in Ferrellgas Partners and the operating partnership, without the approval of the general partner, Ferrellgas Partners, the holders of the Class A Units or the operating partnership, if the Class B Units are still outstanding and have not been converted to Class A Units by the earlier of (i) a material breach of the covenants in favor of the Class B Units under the Amended Ferrellgas Partners LPA or the Amended OpCo LPA that is not cured within the time period specified therein and (ii) March 30, 2031. Board Rights The holders of Class B Units will be permitted to designate one independent director to the Board of the general partner in accordance with a voting agreement among the general partner, Ferrell Companies, Inc. ( FCI ” ), the sole stockholder of the general partner, and the holders of the Class B Units and the general partner's bylaws. Class A Units As of April 30, 2023 and July 31, 2022, Class A Units were beneficially owned by the following: April 30, 2023 July 31, 2022 Public Class A Unitholders (1) 3,480,621 3,480,621 James E. Ferrell (2) 238,172 238,172 Ferrell Companies (3) 1,126,468 1,126,468 FCI Trading Corp. (4) 9,784 9,784 Ferrell Propane, Inc. (5) 2,560 2,560 Total 4,857,605 4,857,605 (1) These Class A Units are traded on the OTC Pink Market under the symbol “FGPR”. (2) James E. Ferrell is the Chief Executive Officer and President of our general partner; and is the Chairman of the Board of Directors of our general partner and a related party. JEF Capital Management owns 237,942 of these Class A Units and is owned by the James E. Ferrell Revocable Trust Two and other family trusts, all of which James E. Ferrell and/or his family members are the trustees and beneficiaries. James E. Ferrell holds all voting common stock of JEF Capital Management. The remaining 230 Class A Units are held by Ferrell Resources Holdings, Inc., which is wholly-owned by the James E. Ferrell Revocable Trust One, for which James E. Ferrell is the trustee and sole beneficiary. (3) Ferrell Companies is the owner of the general partner and an approximate 23% direct owner of Ferrellgas Partners’ Class A Units and thus a related party. Ferrell Companies also beneficially owns 9,784 and 2,560 Class A Units of Ferrellgas Partners held by FCI Trading Corp. (“FCI Trading”) and Ferrell Propane, Inc. ( “ Ferrell Propane"), respectively, bringing Ferrell Companies’ total beneficial ownership of Class A Units to 23.4% . (4) FCI Trading is an affiliate of the general partner and thus a related party. (5) Ferrell Propane is controlled by the general partner and thus a related party. Together these Class A Units represent (i) a 99% limited partner economic interest in Ferrellgas Partners, excluding the economic interest attributable to the Class B Units, and (ii) an effective 98% economic interest in the operating partnership, excluding the economic interests attributable to the Class B Units and the Preferred Units. In liquidation, allocations and distributions will be made in accordance with each Class A Unitholder’s positive capital account. The Class A Units of Ferrellgas Partners represent limited partner interests in Ferrellgas Partners, which give the holders thereof the right to participate in distributions made by Ferrellgas Partners, subject to the rights of holders of Class B Units, and to exercise the other rights or privileges available to such holders under the Amended Ferrellgas Partners LPA. Under the terms of the Amended Ferrellgas Partners LPA, holders of Class A Units have limited voting rights on matters affecting the business of Ferrellgas Partners. Generally, persons or groups owning 20% or more of Ferrellgas Partners’ outstanding Class A Units cannot vote any of their Class A Units in excess of the 20% threshold. However, this limitation does not apply under certain circumstances and does not apply to Class A Units owned by Ferrell Companies, our general partner and its affiliates, and this limitation expires on the later of (a) March 30, 2026 and (b) the conversion of the Class B Units to Class A Units. The Amended Ferrellgas Partners LPA allows the general partner to issue an unlimited number of additional general and limited partner interests of Ferrellgas Partners for such consideration and on such terms and conditions as shall be established by the general partner without the approval of any Class A Unitholders. Partnership distributions Ferrellgas Partners did not declare or pay any distributions to its Class A Unitholders or the general partner during the nine months ended April 30, 2023 and 2022. On April 7, 2023, Ferrellgas Partners made a cash distribution in the aggregate amount of approximately $49.9 million to its Class B Unitholders. On October 8, 2021, Ferrellgas Partners made a cash distribution in the aggregate amount of approximately $49.9 million to its Class B Unitholders. See Note M “Net earnings (loss) per unitholders’ interest” for additional information. Accumulated other comprehensive (loss) income (“AOCI”) See Note J “Derivative instruments and hedging activities” for details regarding changes in fair value on risk management financial derivatives recorded within AOCI for the three and nine months ended April 30, 2023 and 2022. Ferrellgas Partners General partner’s commitment to maintain its capital account Ferrellgas’ partnership agreements allow the general partner to have an option to maintain its effective 2% general partner interest (excluding the interest attributable to the Class B Units and the Preferred Units) concurrent with the issuance of other additional equity. During the nine months ended April 30, 2023 and 2022, the general partner made non-cash contributions of $44.0 thousand and $49.0 thousand, respectively, to Ferrellgas to maintain its effective 2% general partner interest. The operating partnership Partnership distributions The operating partnership has recognized the following distributions: For the three months ended April 30, For the nine months ended April 30, 2023 2022 2023 2022 Ferrellgas Partners $ 50,000 $ — $ 50,000 $ 50,000 General partner — — — — See additional discussions about transactions with related parties in Note K “Transactions with related parties.” General partner’s commitment to maintain its capital account Ferrellgas, L.P.’s partnership agreement allows the general partner to have an option to maintain its 1.0101% general partner interest (excluding the interest attributable to the Preferred Units) concurrent with the issuance of other additional equity. During the nine months ended April 30, 2023 and 2022, the general partner made non-cash contributions of $22.0 thousand and $25.0 thousand, respectively, to the operating partnership to maintain its 1.0101% general partner interest.

Revenue from contracts with cus

Revenue from contracts with customers	9 Months Ended
Revenue from contracts with customers	Apr. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue from contracts with customers	H. Revenue from contracts with customers Disaggregation of revenue Ferrellgas disaggregates revenues based upon the type of customer and on the type of revenue. The following table presents retail propane revenues, wholesale propane revenues and other revenues. Retail revenues result from sales to end use customers, wholesale revenues result from sales to or through resellers and all other revenues include sales of appliances and other materials, other fees charged to customers and equipment rental charges. Ferrellgas Partners For the three months ended April 30, For the nine months ended April 30, 2023 2022 2023 2022 Retail - Sales to End Users $ 431,538 $ 478,807 $ 1,195,961 $ 1,228,062 Wholesale - Sales to Resellers 123,532 137,148 388,154 405,713 Other Gas Sales 3,977 6,256 12,662 18,644 Other 28,300 25,332 87,802 74,568 Propane and related equipment revenues $ 587,347 $ 647,543 $ 1,684,579 $ 1,726,987 The operating partnership For the three months ended April 30, For the nine months ended April 30, 2023 2022 2023 2022 Retail - Sales to End Users $ 431,538 $ 478,807 $ 1,195,961 $ 1,228,062 Wholesale - Sales to Resellers 123,532 137,148 388,154 405,713 Other Gas Sales 3,977 6,256 12,662 18,644 Other 28,300 25,332 87,802 74,566 Propane and related equipment revenues $ 587,347 $ 647,543 $ 1,684,579 $ 1,726,985 Contract assets and liabilities Ferrellgas’ performance obligations are generally limited to the delivery of propane for its retail and wholesale contracts. Ferrellgas’ performance obligations with respect to sales of appliances and other materials and other revenues are limited to the delivery of the agreed upon good or service. Ferrellgas does not have material performance obligations that are delivered over time, thus all of its revenue is recognized at the time the goods, including propane, are delivered or installed. Ferrellgas offers “even pay” and other billing programs that can create customer deposits or advances, depending on whether Ferrellgas has delivered more propane than the customer has paid for or whether the customer has paid for more propane than what has been delivered. Revenue is recognized from these customer deposits or advances to customers at the time product is delivered. The advance or deposit is considered to be a contract asset or liability. Additionally, from time to time, we have customers that pay in advance for goods or services, and such amounts result in contract liabilities. Ferrellgas incurs incremental commissions directly related to the acquisition or renewal of customer contracts. The commissions are calculated and paid based upon the number of gallons sold to the acquired or renewed customer. The total amount of commissions that we incur is not material, and the commissions are expensed commensurate with the deliveries to which they relate; therefore, we do not capitalize these costs. The following table presents the opening and closing balances of our contract assets and contract liabilities: April 30, 2023 July 31, 2022 Contract assets $ 20,876 $ 11,935 Contract liabilities Deferred revenue (1) $ 40,051 $ 47,929 (1) Of the beginning balance of deferred revenue, $35.4 million was recognized as revenue during the nine months ended April 30, 2023. Remaining performance obligations Ferrellgas’ remaining performance obligations are generally limited to situations where customers have remitted payment but have not yet received deliveries of propane. This most commonly occurs in even pay billing programs and Ferrellgas expects that these balances will be recognized within a year

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Apr. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	I. Fair value measurements Derivative financial instruments The following table presents Ferrellgas’ financial assets and financial liabilities that are measured at fair value on a recurring basis for each of the fair value hierarchy levels, including both current and noncurrent portions, as of April 30, 2023 and July 31, 2022: Asset (Liability) Quoted Prices in Active Markets for Identical Significant Other Assets and Liabilities Observable Inputs Unobservable Inputs (Level 1) (Level 2) (Level 3) Total April 30, 2023: Assets: Derivative financial instruments: Commodity derivatives $ — $ 8,693 $ — $ 8,693 Liabilities: Derivative financial instruments: Commodity derivatives $ — $ (16,052) $ — $ (16,052) July 31, 2022: Assets: Derivative financial instruments: Commodity derivatives $ — $ 51,267 $ — $ 51,267 Liabilities: Derivative financial instruments: Commodity derivatives $ — $ (12,960) $ — $ (12,960) Methodology The fair values of Ferrellgas’ non-exchange traded commodity derivative contracts are based upon indicative price quotations available through brokers, industry price publications or recent market transactions and related market indicators. There were no transfers between Levels 1, 2 or 3 during the nine months ended April 30, 2023 and the fiscal year ended July 31, 2022. Other financial instruments The carrying amounts of other financial instruments included in current assets and current liabilities (except for current maturities of long-term debt) approximate their fair values because of their short-term nature. At April 30, 2023 and July 31, 2022, the estimated fair value of Ferrellgas’ long-term debt instruments was $1,299.6 million and $1,327.8 million, respectively. Ferrellgas estimates the fair value of long-term debt based on quoted market prices. The fair value of Ferrellgas’ consolidated debt obligations is a Level 2 valuation based on the observable inputs used for similar liabilities. Ferrellgas has other financial instruments such as trade accounts receivable which could expose it to concentrations of credit risk. The credit risk from trade accounts receivable is limited because of a large customer base which extends across many different U.S. markets.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
Derivative Instruments and Hedging Activities	Apr. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	J. Derivative instruments and hedging activities Ferrellgas is exposed to certain market risks related to its ongoing business operations. These risks include exposure to changing commodity prices as well as fluctuations in interest rates. Ferrellgas utilizes derivative instruments to manage its exposure to fluctuations in commodity prices. Of these, the propane commodity derivative instruments are designated as cash flow hedges. Derivative instruments and hedging activity During the nine months ended April 30, 2023 and 2022, Ferrellgas did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of financial derivative contract gains or losses from the assessment of hedge effectiveness related to commodity cash flow hedges. The following tables provide a summary of the fair value of derivatives within Ferrellgas’ condensed consolidated balance sheets as April 30, 2023 and July 31, 2022: Final April 30, 2023 Maturity Asset Derivatives Liability Derivatives Derivative Instrument Date Location Fair value Location Fair value Derivatives designated as hedging instruments December 2024 Commodity derivatives-propane Price risk management asset $ 8,463 Other current liabilities $ 14,381 Commodity derivatives-propane Other assets, net 230 Other liabilities 1,671 Total $ 8,693 Total $ 16,052 Final July 31, 2022 Maturity Asset Derivatives Liability Derivatives Derivative Instrument Date Location Fair value Location Fair value Derivatives designated as hedging instruments December 2024 Commodity derivatives-propane Price risk management asset $ 43,015 Other current liabilities $ 11,840 Commodity derivatives-propane Other assets, net 8,252 Other liabilities 1,120 Total $ 51,267 Total $ 12,960 Ferrellgas’ exchange traded commodity derivative contracts require a cash margin deposit as collateral for contracts that are in a negative mark-to-market position. These cash margin deposits will be returned if mark-to-market conditions improve or will be applied against cash settlement when the contracts are settled. Liabilities represent cash margin deposits received by Ferrellgas for contracts that are in a positive mark-to-market position. The following tables provide a summary of cash margin balances as of April 30, 2023 and July 31, 2022: April 30, 2023 Assets Liabilities Description Location Amount Location Amount Margin Balances Prepaid expense and other current assets $ 15,225 Broker margin deposit liability $ 6,207 Other assets, net 2,813 Other liabilities — Total $ 18,038 Total $ 6,207 July 31, 2022 Assets Liabilities Description Location Amount Location Amount Margin Balances Prepaid expense and other current assets $ 12,338 Broker margin deposit liability $ 32,805 Other assets, net 4,797 Other liabilities 7,110 Total $ 17,135 Total $ 39,915 The following tables provide a summary of the effect on Ferrellgas’ condensed consolidated statements of comprehensive income for the three and nine months ended April 30, 2023 and 2022 due to derivatives designated as cash flow hedging instruments: For the three months ended April 30, 2023 Amount of Loss Amount of Loss Location of Loss Reclassified from Recognized in Reclassified from AOCI into Income Derivative Instrument AOCI AOCI into Income Effective portion Ineffective portion Commodity derivatives $ (10,621) Cost of sales - propane and other gas liquids sales $ (13,450) $ — For the three months ended April 30, 2022 Amount of Gain Amount of Gain Location of Gain Reclassified from Recognized in Reclassified from AOCI into Income Derivative Instrument AOCI AOCI into Income Effective portion Ineffective portion Commodity derivatives $ 29,355 Cost of sales - propane and other gas liquids sales $ 44,145 $ — For the nine months ended April 30, 2023 Amount of Loss Amount of Loss Location of Loss Reclassified from Recognized in Reclassified from AOCI into Income Derivative Instrument AOCI AOCI into Income Effective portion Ineffective portion Commodity derivatives $ (53,044) Cost of sales - propane and other gas liquids sales $ (7,378) $ — For the nine months ended April 30, 2022 Amount of Gain Amount of Gain Location of Gain Reclassified from Recognized in Reclassified from AOCI into Income Derivative Instrument AOCI AOCI into Income Effective portion Ineffective portion Commodity derivatives $ 84,427 Cost of sales - propane and other gas liquids sales $ 96,965 $ — Accumulated other comprehensive (loss) income Ferrellgas Partners The changes in derivatives included in AOCI for the nine months ended April 30, 2023 and 2022 were as follows: For the nine months ended April 30, Gains and losses on derivatives included in AOCI 2023 2022 Beginning balance attributable to Ferrellgas Partners, L.P. $ 37,907 $ 88,866 Change in value of risk management commodity derivatives (53,044) 84,427 Reclassification of losses (gains) on commodity hedges to cost of sales - propane and other gas liquids sales, net 7,378 (96,965) Less: amount attributable to noncontrolling interests 461 126 Ending balance attributable to Ferrellgas Partners, L.P. $ (7,298) $ 76,454 The operating partnership The changes in derivatives included in AOCI for the nine months ended April 30, 2023 and 2022 were as follows: For the nine months ended April 30, Gains and losses on derivatives included in AOCI 2023 2022 Beginning balance $ 38,307 $ 89,786 Change in value of risk management commodity derivatives (53,044) 84,427 Reclassification of losses (gains) on commodity hedges to cost of sales - propane and other gas liquids sales, net 7,378 (96,965) Ending balance $ (7,359) $ 77,248 Ferrellgas expects to reclassify net losses of approximately $5.9 million to earnings during the next 12 months. These net losses are expected to be offset by increased margins on propane sales commitments Ferrellgas has with its customers that qualify for the normal purchase normal sale exception. During the nine months ended April 30, 2023 and 2022, Ferrellgas had no reclassifications to operations resulting from the discontinuance of any cash flow hedges arising from the probability of the original forecasted transactions not occurring within the originally specified period of time defined within the hedging relationship. As of April 30, 2023, Ferrellgas had financial derivative contracts covering 1.7 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane. Derivative financial instruments credit risk Ferrellgas is exposed to credit loss in the event of nonperformance by counterparties to derivative financial and commodity instruments. Ferrellgas’ counterparties principally consist of major energy companies and major U.S. financial institutions. Ferrellgas maintains credit policies with regard to its counterparties that it believes reduces its overall credit risk. These policies include evaluating and monitoring its counterparties’ financial condition, including their credit ratings, and entering into agreements with counterparties that govern credit limits. Certain of these agreements call for the posting of collateral by the counterparty or by Ferrellgas in the forms of letters of credit, parent guarantees or cash. Ferrellgas has concentrations of credit risk associated with derivative financial instruments held by certain derivative financial instrument counterparties. If these counterparties that make up the concentration failed to perform according to the terms of their contracts at April 30, 2023, the maximum amount of loss due to credit risk that Ferrellgas would incur based upon the gross fair values of the derivative financial instruments is zero. From time to time Ferrellgas enters into derivative contracts that have credit-risk-related contingent features which dictate credit limits based upon Ferrellgas’ debt rating. There were no open derivative contracts with credit-risk-related contingent features as of April 30, 2023.

Transactions with related parti

Transactions with related parties	9 Months Ended
Transactions with related parties	Apr. 30, 2023
Transactions with related parties
Transactions with related parties	K. Transactions with related parties Ferrellgas has no employees and is managed and controlled by its general partner. Pursuant to Ferrellgas’ partnership agreements, the general partner is entitled to reimbursement for all direct and indirect expenses incurred or payments it makes on behalf of Ferrellgas and all other necessary or appropriate expenses allocable to Ferrellgas or otherwise reasonably incurred by its general partner in connection with operating Ferrellgas’ business. These costs primarily include compensation and benefits paid to employees of the general partner who perform services on Ferrellgas’ behalf and are reported in the condensed consolidated statements of operations as follows: For the three months ended April 30, For the nine months ended April 30, 2023 2022 2023 2022 Operating expense $ 77,876 $ 73,224 $ 233,585 $ 209,976 General and administrative expense $ 7,869 $ 6,898 $ 23,528 $ 21,913 See additional discussions about transactions with the general partner and related parties in Note G “Equity (Deficit).”

Contingencies and commitments

Contingencies and commitments	9 Months Ended
Contingencies and commitments	Apr. 30, 2023
Loss Contingencies [Line Items]
Contingencies and commitments	L . Contingencies and commitments Litigation Ferrellgas’ operations are subject to all operating hazards and risks normally incidental to handling, storing, transporting and otherwise providing for use by consumers of combustible liquids such as propane and, prior to the sales of midstream operations in fiscal 2018, crude oil. As a result, at any given time, we can be threatened with or named as a defendant in various lawsuits arising in the ordinary course of business. Other than as discussed below, we are not a party to any legal proceedings other than various claims and lawsuits arising in the ordinary course of business. It is not possible to determine the ultimate disposition of these matters; however, management is of the opinion that there are no known claims or contingent claims that are reasonably expected to have a material adverse effect on our consolidated financial condition, results of operations and cash flows. Ferrellgas and Bridger have been named, along with two former officers (“Rios and Gamboa”), in a lawsuit (the “EDPA Lawsuit”) filed by Eddystone Rail Company (“Eddystone”) on February 2, 2017 in the U.S. District Court for the Eastern District of Pennsylvania (the “Court”). On December 10, 2021, the Court dismissed Eddystone’s claims against Rios and Gamboa, pursuant to a settlement agreement with Eddystone. Eddystone indicated that it has prevailed in or settled an arbitration against Jamex Transfer Services (“JTS”), previously named Bridger Transfer Services, a former subsidiary of Bridger. The arbitration involved a claim against JTS for money due for deficiency payments under a contract for the use of an Eddystone facility used to offload crude from rail onto barges. Eddystone alleges that Ferrellgas transferred assets out of JTS prior to the sale of the membership interest in JTS to Jamex Transfer Holdings, and that those transfers should be avoided so that the assets can be used to satisfy the amount owed by JTS to Eddystone as a result of the arbitration. Eddystone also alleges that JTS was an “alter ego” of Bridger and Ferrellgas and that Bridger and Ferrellgas breached both an implicit contract as well as fiduciary duties allegedly owed to Eddystone as a creditor of JTS. Ferrellgas believes that Ferrellgas and Bridger have valid defenses to these claims and to Eddystone’s primary claim against JTS for breach of contract. If Eddystone ultimately prevails, however, Ferrellgas believes that the amount of damages awarded could be material to Ferrellgas. Ferrellgas intends to vigorously defend this claim. The Court decided summary judgment motions in March 2022 and the three segments of the bench trial were completed in September 2022, December 2022 and February 2023, respectively. The Court set a briefing schedule through May 2023 and closing arguments for August 2023. Management does not currently believe a loss is probable or reasonably estimable at this time. However, we may enter into settlement discussions at any time. Long-term debt related commitments Ferrellgas has long and short-term payment obligations under agreements such as the indentures governing its senior notes. See Note E “Debt” for a description of these debt obligations and a schedule of future maturities.
Ferrellgas Partners Finance Corp
Loss Contingencies [Line Items]
Contingencies and commitments	B. Contingencies and commitments Partners Finance Corp. serves as co-issuer and co-obligor for debt securities of Ferrellgas Partners. As of April 30, 2023, Ferrellgas Partners had no debt securities outstanding, and Partners Finance Corp. therefore was not liable as co-issuer for any such debt securities.
Ferrellgas Finance Corp
Loss Contingencies [Line Items]
Contingencies and commitments	B. Contingencies and commitments Finance Corp. serves as co-issuer and co-obligor for debt securities of the operating partnership. As of April 30, 2023 and July 31, 2022, the Finance Corp. was liable as co-issuer and co-obligor for the operating partnership’s (i) $650 million aggregate principal amount of unsecured senior notes due 2026 and (ii) $825 million aggregate principal amount of unsecured senior notes due 2029, each of which were issued on March 30, 2021.

Net earnings (Loss) per unithol

Net earnings (Loss) per unitholders' interest	9 Months Ended
Net earnings (Loss) per unitholders' interest	Apr. 30, 2023
Net earnings per unitholders' interest
Net earnings per unitholders' interest	M. Net earnings per unitholders’ interest Below is a calculation of the basic and diluted net earnings per Class A Unitholders’ interest in the condensed consolidated statements of operations for the periods indicated: For the three months ended April 30, For the nine months ended April 30, 2023 2022 2023 2022 (in thousands, except per unit amounts) Net earnings attributable to Ferrellgas Partners, L.P. $ 72,427 $ 67,586 $ 165,982 $ 167,385 Less: Distributions to preferred unitholders 15,590 15,558 48,063 49,037 Less: Distributions to Class B unitholders 49,998 — 49,998 49,998 Less: Allocation of undistributed net earnings to Class B units — 44,017 49,653 50,009 Less: General partner's interest in net earnings 724 675 1,660 1,673 Undistributed net earnings attributable to Class A unitholders 6,115 7,336 16,608 16,668 Weighted average Class A Units outstanding (in thousands) 4,857.6 4,857.6 4,857.6 4,857.6 Basic and diluted net earnings per Class A Unit $ 1.26 $ 1.51 $ 3.42 $ 3.43 Class B Units considerations The Class B Units meet the definition of a participating security and the two-class method is required. For any periods in which earnings are recognized, the earnings will first be allocated 100% to the Class B Units until the allocation equals the cumulative amount of all distributions paid to the Class B Units. Any remaining undistributed net earnings will be allocated between the Class B Units and the Class A Units on a six-to-one basis as if all undistributed earnings had been distributed to each class of units in accordance with their distribution rights. For any periods in which losses are recognized, no effect is given to the Class B Units as they do not contractually participate in the losses of Ferrellgas. In addition, Ferrellgas has the option to redeem all, but not less than all, of the Class B Units outstanding at any time on or prior to March 30, 2026 for cash. This call option does not impact the dilutive effect of net loss per Class A Unit due to the cash-only redemption provision, which is assumed, and therefore there would be no dilutive effect.

Subsequent events

Subsequent events	9 Months Ended
Subsequent events	Apr. 30, 2023
Subsequent Event [Line Items]
Subsequent events	N. Subsequent events Ferrellgas has evaluated events and transactions occurring after the balance sheet date through the date Ferrellgas’ condensed consolidated financial statements were issued and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its condensed consolidated financial statements.
Ferrellgas Partners Finance Corp
Subsequent Event [Line Items]
Subsequent events	C. Subsequent events Partners Finance Corp. has evaluated events and transactions occurring after the balance sheet date through the date Partners Finance Corp.’s condensed financial statements were issued, and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its condensed financial statements.
Ferrellgas Finance Corp
Subsequent Event [Line Items]
Subsequent events	C. Subsequent events Finance Corp. has evaluated events and transactions occurring after the balance sheet date through the date Finance Corp.’s condensed financial statements were issued and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its condensed financial statements.

Summary of significant accoun_2

Summary of significant accounting policies (Policy)	9 Months Ended
Summary of significant accounting policies (Policy)	Apr. 30, 2023
Summary of significant accounting policies
Accounting estimates	(1) Accounting estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from these estimates. Significant estimates impacting the condensed consolidated financial statements include accruals that have been established for contingent liabilities, pending claims and legal actions arising in the normal course of business, useful lives of property, plant and equipment, residual values of tanks, capitalization of customer tank installation costs, amortization methods of intangible assets, valuation methods used to value sales returns and allowances, allowance for expected credit losses, recoverability of long-lived assets, assumptions used to value business combinations, determination of incremental borrowing rate used to measure right-of-use asset and lease liability, and fair values of derivative contracts.
Goodwill, net	(2) Goodwill, net Goodwill is tested for impairment annually during the second fiscal quarter, or more frequently if events or changes in circumstances indicate that it is more likely than not the fair value of a reporting unit is less than the carrying value. Ferrellgas has determined that it has one reporting unit for goodwill impairment testing purposes. Ferrellgas completed its most recent annual goodwill impairment test on January 31, 2023 and did not incur an impairment loss.
New accounting standards	(3) New accounting standards Recently adopted accounting pronouncements No new accounting standards were adopted during the nine months ended April 30, 2023. Recently issued accounting pronouncements not yet adopted There were no recently issued accounting standards that could have a material impact to our financial position, results of operations, cash flows, or notes to condensed consolidated financial statements upon their adoption.

Supplemental financial statem_2

Supplemental financial statement information (Tables)	9 Months Ended
Supplemental financial statement information (Tables)	Apr. 30, 2023
Supplemental Financial Statement Information [Line Items]
Schedule of inventories	April 30, 2023 July 31, 2022 Propane gas and related products $ 76,611 $ 96,679 Appliances, parts and supplies, and other 21,202 18,508 Inventories $ 97,813 $ 115,187
Prepaid expenses and other current assets	April 30, 2023 July 31, 2022 Broker margin deposit assets $ 15,225 $ 12,338 Other 20,099 18,426 Prepaid expenses and other current assets $ 35,324 $ 30,764
Other current liabilities	April 30, 2023 July 31, 2022 Accrued interest $ 7,337 $ 29,703 Customer deposits and advances 27,245 33,189 Accrued payroll 27,976 29,717 Accrued insurance 17,341 16,114 Accrued senior preferred units distributions 16,870 17,466 Other 62,285 59,616 Other current liabilities $ 159,054 $ 185,805
Shipping and handling expenses	For the three months ended April 30, For the nine months ended April 30, 2023 2022 2023 2022 Operating expense - personnel, vehicle, plant and other $ 78,940 $ 71,487 $ 218,956 $ 184,128 Depreciation and amortization expense 3,651 3,934 12,962 10,270 Operating expense - equipment lease expense 3,502 4,054 9,039 11,721 Shipping and handling expenses $ 86,093 $ 79,475 $ 240,957 $ 206,119
Cash, cash equivalents and restricted cash	April 30, 2023 July 31, 2022 Cash and cash equivalents $ 93,530 $ 147,529 Restricted cash 11,127 11,208 Cash, cash equivalents and restricted cash $ 104,657 $ 158,737
Cash flow supplemental disclosures	For the nine months ended April 30, 2023 2022 Cash paid for: Interest $ 88,865 $ 85,867 Income taxes $ 713 $ 650 Non-cash investing and financing activities: Liabilities incurred in connection with acquisitions $ 3,435 $ 644 Change in accruals for property, plant and equipment additions $ 331 $ 426 Lease liabilities arising from operating right-of-use assets $ 6,254 $ 11,240 Lease liabilities arising from finance right-of-use assets $ — $ 1,872 Accrued senior preferred units distributions $ 16,870 $ 16,873
Ferrellgas, L.P
Supplemental Financial Statement Information [Line Items]
Prepaid expenses and other current assets	April 30, 2023 July 31, 2022 Broker margin deposit assets $ 15,225 $ 12,338 Other 20,078 18,405 Prepaid expenses and other current assets $ 35,303 $ 30,743
Other current liabilities	April 30, 2023 July 31, 2022 Accrued interest $ 7,337 $ 29,703 Customer deposits and advances 27,245 33,189 Accrued payroll 27,976 29,717 Accrued insurance 17,341 16,114 Accrued senior preferred units distributions 16,870 17,466 Other 61,922 59,339 Other current liabilities $ 158,691 $ 185,528
Cash, cash equivalents and restricted cash	April 30, 2023 July 31, 2022 Cash and cash equivalents $ 93,130 $ 147,258 Restricted cash 11,127 11,208 Cash, cash equivalents and restricted cash $ 104,257 $ 158,466
Cash flow supplemental disclosures	For the nine months ended April 30, 2023 2022 Cash paid for: Interest $ 88,865 $ 85,867 Income taxes $ 708 $ 646 Non-cash investing and financing activities: Liabilities incurred in connection with acquisitions $ 3,435 $ 644 Change in accruals for property, plant and equipment additions $ 331 $ 426 Lease liabilities arising from operating right-of-use assets $ 6,254 $ 11,240 Lease liabilities arising from finance right-of-use assets $ — $ 1,872 Accrued senior preferred units distributions $ 16,870 $ 16,873

Accounts and notes receivable_2

Accounts and notes receivable, net (Tables)	9 Months Ended
Accounts and notes receivable, net (Tables)	Apr. 30, 2023
Accounts and notes receivable, net
Accounts And Notes Receivable	April 30, 2023 July 31, 2022 Accounts receivable $ 203,234 $ 154,570 Note receivable 2,500 2,517 Less: Allowance for expected credit losses (6,692) (6,692) Accounts and notes receivable, net $ 199,042 $ 150,395

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Apr. 30, 2023
Debt
Schedule of Debt Components	April 30, 2023 July 31, 2022 Unsecured senior notes Fixed rate, 5.375%, due 2026 $ 650,000 $ 650,000 Fixed rate, 5.875%, due 2029 825,000 825,000 Notes payable 8.3% and 8.9% weighted average interest rate at April 30, 2023 and July 31, 2022, respectively, due 2023 to 2028, net of unamortized discount of $1,188 and $465 at April 30, 2023 and July 31, 2022, respectively 7,012 4,539 Total debt, excluding unamortized debt issuance and other costs 1,482,012 1,479,539 Unamortized debt issuance and other costs (24,086) (27,731) Less: current portion of long-term debt 2,717 1,792 Long-term debt $ 1,455,209 $ 1,450,016
Schedule of financial covenant ratio	Financial Covenant Ratio Minimum interest coverage ratio (1) 2.50x Maximum secured leverage ratio (2) 2.50x Maximum total net leverage ratio (3) (4) 4.75x (1) Defined generally as the ratio of adjusted EBITDA to cash interest expense. (2) Defined generally as the ratio of total first priority secured indebtedness to adjusted EBITDA. (3) Defined generally as the ratio of total indebtedness (net of unrestricted cash, subject to certain limits) to adjusted EBITDA. (4) Was 5.25 x immediately prior to the quarter ended October 31, 2022 and 5.00 x immediately prior to the quarter ended April 30, 2023.
Scheduled Annual Principal Payments On Long-term Debt	Scheduled Payment due by fiscal year principal payments 2023 $ 545 2024 2,597 2025 2,110 2026 651,728 2027 810 Thereafter 825,410 Total $ 1,483,200

Equity (Deficit) (Tables)

Equity (Deficit) (Tables)	9 Months Ended
Equity (Deficit) (Tables)	Apr. 30, 2023
Limited Partners' Capital Account [Line Items]
Schedule of units conversion	Period Conversion Factor March 31, 2023 through March 30, 2024 3.50x March 31, 2024 through March 30, 2025 4.00x March 31, 2025 through March 30, 2026 5.00x March 31, 2026 through March 30, 2027 6.00x March 31, 2027 through March 30, 2028 7.00x March 31, 2028 through March 30, 2029 10.00x March 31, 2029 through March 30, 2030 12.00x March 31, 2030 through March 30, 2031 25.00x
Limited Partner Units	April 30, 2023 July 31, 2022 Public Class A Unitholders (1) 3,480,621 3,480,621 James E. Ferrell (2) 238,172 238,172 Ferrell Companies (3) 1,126,468 1,126,468 FCI Trading Corp. (4) 9,784 9,784 Ferrell Propane, Inc. (5) 2,560 2,560 Total 4,857,605 4,857,605 (1) These Class A Units are traded on the OTC Pink Market under the symbol “FGPR”. (2) James E. Ferrell is the Chief Executive Officer and President of our general partner; and is the Chairman of the Board of Directors of our general partner and a related party. JEF Capital Management owns 237,942 of these Class A Units and is owned by the James E. Ferrell Revocable Trust Two and other family trusts, all of which James E. Ferrell and/or his family members are the trustees and beneficiaries. James E. Ferrell holds all voting common stock of JEF Capital Management. The remaining 230 Class A Units are held by Ferrell Resources Holdings, Inc., which is wholly-owned by the James E. Ferrell Revocable Trust One, for which James E. Ferrell is the trustee and sole beneficiary. (3) Ferrell Companies is the owner of the general partner and an approximate 23% direct owner of Ferrellgas Partners’ Class A Units and thus a related party. Ferrell Companies also beneficially owns 9,784 and 2,560 Class A Units of Ferrellgas Partners held by FCI Trading Corp. (“FCI Trading”) and Ferrell Propane, Inc. ( “ Ferrell Propane"), respectively, bringing Ferrell Companies’ total beneficial ownership of Class A Units to 23.4% . (4) FCI Trading is an affiliate of the general partner and thus a related party. (5) Ferrell Propane is controlled by the general partner and thus a related party.
Ferrellgas, L.P
Limited Partners' Capital Account [Line Items]
Ferrellgas Recognized Cash Distributions	For the three months ended April 30, For the nine months ended April 30, 2023 2022 2023 2022 Ferrellgas Partners $ 50,000 $ — $ 50,000 $ 50,000 General partner — — — —

Revenue from contracts with c_2

Revenue from contracts with customers (Tables)	9 Months Ended
Revenue from contracts with customers (Tables)	Apr. 30, 2023
Disaggregation of Revenue [Line Items]
Disaggregation of revenue	For the three months ended April 30, For the nine months ended April 30, 2023 2022 2023 2022 Retail - Sales to End Users $ 431,538 $ 478,807 $ 1,195,961 $ 1,228,062 Wholesale - Sales to Resellers 123,532 137,148 388,154 405,713 Other Gas Sales 3,977 6,256 12,662 18,644 Other 28,300 25,332 87,802 74,568 Propane and related equipment revenues $ 587,347 $ 647,543 $ 1,684,579 $ 1,726,987
Schedule of receivables, contract assets, and contract liabilities	April 30, 2023 July 31, 2022 Contract assets $ 20,876 $ 11,935 Contract liabilities Deferred revenue (1) $ 40,051 $ 47,929 (1) Of the beginning balance of deferred revenue, $35.4 million was recognized as revenue during the nine months ended April 30, 2023.
Ferrellgas, L.P
Disaggregation of Revenue [Line Items]
Disaggregation of revenue	For the three months ended April 30, For the nine months ended April 30, 2023 2022 2023 2022 Retail - Sales to End Users $ 431,538 $ 478,807 $ 1,195,961 $ 1,228,062 Wholesale - Sales to Resellers 123,532 137,148 388,154 405,713 Other Gas Sales 3,977 6,256 12,662 18,644 Other 28,300 25,332 87,802 74,566 Propane and related equipment revenues $ 587,347 $ 647,543 $ 1,684,579 $ 1,726,985

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
Fair Value Measurement (Tables)	Apr. 30, 2023
Fair Value Disclosures [Abstract]
Assets and Liabilities Fair Value Hierarchy	Asset (Liability) Quoted Prices in Active Markets for Identical Significant Other Assets and Liabilities Observable Inputs Unobservable Inputs (Level 1) (Level 2) (Level 3) Total April 30, 2023: Assets: Derivative financial instruments: Commodity derivatives $ — $ 8,693 $ — $ 8,693 Liabilities: Derivative financial instruments: Commodity derivatives $ — $ (16,052) $ — $ (16,052) July 31, 2022: Assets: Derivative financial instruments: Commodity derivatives $ — $ 51,267 $ — $ 51,267 Liabilities: Derivative financial instruments: Commodity derivatives $ — $ (12,960) $ — $ (12,960)

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
Derivative Instruments and Hedging Activities (Tables)	Apr. 30, 2023
Fair Value of Financial Derivatives Balance Sheet Locations	Final April 30, 2023 Maturity Asset Derivatives Liability Derivatives Derivative Instrument Date Location Fair value Location Fair value Derivatives designated as hedging instruments December 2024 Commodity derivatives-propane Price risk management asset $ 8,463 Other current liabilities $ 14,381 Commodity derivatives-propane Other assets, net 230 Other liabilities 1,671 Total $ 8,693 Total $ 16,052 Final July 31, 2022 Maturity Asset Derivatives Liability Derivatives Derivative Instrument Date Location Fair value Location Fair value Derivatives designated as hedging instruments December 2024 Commodity derivatives-propane Price risk management asset $ 43,015 Other current liabilities $ 11,840 Commodity derivatives-propane Other assets, net 8,252 Other liabilities 1,120 Total $ 51,267 Total $ 12,960
Offsetting Assets And Liabilities [Table Text Block]	April 30, 2023 Assets Liabilities Description Location Amount Location Amount Margin Balances Prepaid expense and other current assets $ 15,225 Broker margin deposit liability $ 6,207 Other assets, net 2,813 Other liabilities — Total $ 18,038 Total $ 6,207 July 31, 2022 Assets Liabilities Description Location Amount Location Amount Margin Balances Prepaid expense and other current assets $ 12,338 Broker margin deposit liability $ 32,805 Other assets, net 4,797 Other liabilities 7,110 Total $ 17,135 Total $ 39,915
Cash Flow Hedge Derivative Effect on Comprehensive Income	For the three months ended April 30, 2023 Amount of Loss Amount of Loss Location of Loss Reclassified from Recognized in Reclassified from AOCI into Income Derivative Instrument AOCI AOCI into Income Effective portion Ineffective portion Commodity derivatives $ (10,621) Cost of sales - propane and other gas liquids sales $ (13,450) $ — For the three months ended April 30, 2022 Amount of Gain Amount of Gain Location of Gain Reclassified from Recognized in Reclassified from AOCI into Income Derivative Instrument AOCI AOCI into Income Effective portion Ineffective portion Commodity derivatives $ 29,355 Cost of sales - propane and other gas liquids sales $ 44,145 $ — For the nine months ended April 30, 2023 Amount of Loss Amount of Loss Location of Loss Reclassified from Recognized in Reclassified from AOCI into Income Derivative Instrument AOCI AOCI into Income Effective portion Ineffective portion Commodity derivatives $ (53,044) Cost of sales - propane and other gas liquids sales $ (7,378) $ — For the nine months ended April 30, 2022 Amount of Gain Amount of Gain Location of Gain Reclassified from Recognized in Reclassified from AOCI into Income Derivative Instrument AOCI AOCI into Income Effective portion Ineffective portion Commodity derivatives $ 84,427 Cost of sales - propane and other gas liquids sales $ 96,965 $ —
Changes in Derivatives Included in Accumulated Other Comprehensive Income	For the nine months ended April 30, Gains and losses on derivatives included in AOCI 2023 2022 Beginning balance $ 38,307 $ 89,786 Change in value of risk management commodity derivatives (53,044) 84,427 Reclassification of losses (gains) on commodity hedges to cost of sales - propane and other gas liquids sales, net 7,378 (96,965) Ending balance $ (7,359) $ 77,248
Ferrellgas, L.P
Changes in Derivatives Included in Accumulated Other Comprehensive Income	For the nine months ended April 30, Gains and losses on derivatives included in AOCI 2023 2022 Beginning balance attributable to Ferrellgas Partners, L.P. $ 37,907 $ 88,866 Change in value of risk management commodity derivatives (53,044) 84,427 Reclassification of losses (gains) on commodity hedges to cost of sales - propane and other gas liquids sales, net 7,378 (96,965) Less: amount attributable to noncontrolling interests 461 126 Ending balance attributable to Ferrellgas Partners, L.P. $ (7,298) $ 76,454

Transactions with related par_2

Transactions with related parties (Tables)	9 Months Ended
Transactions with related parties (Tables)	Apr. 30, 2023
Transactions with related parties
Allocation of transactions with related parties	For the three months ended April 30, For the nine months ended April 30, 2023 2022 2023 2022 Operating expense $ 77,876 $ 73,224 $ 233,585 $ 209,976 General and administrative expense $ 7,869 $ 6,898 $ 23,528 $ 21,913

Net earnings per unitholders' i

Net earnings per unitholders' interest (Tables)	9 Months Ended
Net earnings per unitholders' interest (Tables)	Apr. 30, 2023
Net earnings per unitholders' interest
Basic and diluted net earnings per unitholders' interest	For the three months ended April 30, For the nine months ended April 30, 2023 2022 2023 2022 (in thousands, except per unit amounts) Net earnings attributable to Ferrellgas Partners, L.P. $ 72,427 $ 67,586 $ 165,982 $ 167,385 Less: Distributions to preferred unitholders 15,590 15,558 48,063 49,037 Less: Distributions to Class B unitholders 49,998 — 49,998 49,998 Less: Allocation of undistributed net earnings to Class B units — 44,017 49,653 50,009 Less: General partner's interest in net earnings 724 675 1,660 1,673 Undistributed net earnings attributable to Class A unitholders 6,115 7,336 16,608 16,668 Weighted average Class A Units outstanding (in thousands) 4,857.6 4,857.6 4,857.6 4,857.6 Basic and diluted net earnings per Class A Unit $ 1.26 $ 1.51 $ 3.42 $ 3.43

Partnership organization and _2

Partnership organization and formation (Details)		9 Months Ended
Partnership organization and formation (Details)	Mar. 30, 2021 USD ($)	Apr. 30, 2023 USD ($) employee state subsidiary shares	Apr. 30, 2022	Jul. 31, 2022 USD ($) shares
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of subsidiaries \| subsidiary		2
Senior preferred units, units outstanding \| shares		700,000		700,000
Preferred Units aggregate initial liquidation preference	$ 700,000,000
Senior preferred units, carrying amount		$ 651,349,000		$ 651,349,000
Number of employees \| employee		0
Revolving Credit Facility
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Debt Instrument, Term	4 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 350,000,000
Sublimit, after initial period	$ 200,000,000
Ferrellgas Partners LP \| Ferrellgas, L.P
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Limited partner interest		99%
Ferrellgas Partners LP \| Ferrellgas Partners Finance Corp
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage		100%
Ferrell Companies \| Ferrellgas Partners LP \| Class A Limited Partner Units
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage		23.40%
Ferrellgas Inc., General Partner \| Ferrellgas
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
General partner ownership interest		2%	2%
Ferrellgas Inc., General Partner \| Ferrellgas Partners LP
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
General partner ownership interest		1%
Ferrellgas Inc., General Partner \| Ferrellgas, L.P
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
General partner ownership interest		1.0101%	1.0101%
Ferrellgas, L.P
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of states in which entity operates \| state		50
Senior preferred units, units outstanding \| shares		700,000		700,000
Senior preferred units, carrying amount		$ 651,349,000		$ 651,349,000
Ferrellgas, L.P \| Ferrellgas Finance Corp
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage		100%
Ferrellgas Partners Finance Corp
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Corporation formation proceeds from partnership		$ 1,000
Corporation formation shares granted to partnership \| shares		1,000
Number of employees \| employee		0
Ferrellgas Finance Corp
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Corporation formation proceeds from partnership		$ 1,000
Corporation formation shares granted to partnership \| shares		1,000
Number of employees \| employee		0
Ferrellgas Employee Stock Ownership Trust \| Ferrell Companies
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage		100%

Summary of significant accoun_3

Summary of significant accounting policies (Details)	9 Months Ended
Summary of significant accounting policies (Details)	Apr. 30, 2023 item
Significant Accounting Policies [Line Items]
Number of reporting units	1

Supplemental financial statem_3

Supplemental financial statement information - Inventories (Details) $ in Thousands, gal in Millions	9 Months Ended
	Apr. 30, 2023 USD ($) gal	Jul. 31, 2022 USD ($)
Supplemental financial statement information
Propane gas and related products	$ 76,611	$ 96,679
Appliances, parts and supplies, and other	21,202	18,508
Inventories	$ 97,813	$ 115,187
Supply procurement contract duration	36 months
Net procurement of fixed priced propane by Ferrellgas in gallons \| gal	1.2

Supplemental financial statem_4

Supplemental financial statement information - Prepaids and Other Assets Net (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Supplemental Financial Statement Information [Line Items]
Broker margin deposit assets	$ 15,225	$ 12,338
Other	20,099	18,426
Prepaid expenses and other current assets	35,324	30,764
Ferrellgas, L.P
Supplemental Financial Statement Information [Line Items]
Broker margin deposit assets	15,225	12,338
Other	20,078	18,405
Prepaid expenses and other current assets	$ 35,303	$ 30,743

Supplemental financial statem_5

Supplemental financial statement information - Other Current Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Supplemental Financial Statement Information [Line Items]
Accrued interest	$ 7,337	$ 29,703
Customer deposits and advances	27,245	33,189
Accrued payroll	27,976	29,717
Accrued insurance	17,341	16,114
Accrued senior preferred units distributions	16,870	17,466
Other	62,285	59,616
Other current liabilities	159,054	185,805
Ferrellgas, L.P
Supplemental Financial Statement Information [Line Items]
Accrued interest	7,337	29,703
Customer deposits and advances	27,245	33,189
Accrued payroll	27,976	29,717
Accrued insurance	17,341	16,114
Accrued senior preferred units distributions	16,870	17,466
Other	61,922	59,339
Other current liabilities	$ 158,691	$ 185,528

Supplemental financial statem_6

Supplemental financial statement information - Shipping and Handling (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	$ 147,477	$ 147,293	$ 434,572	$ 392,418
Depreciation and amortization expense	23,753	23,067	69,453	65,306
Operating expense - equipment lease expense	5,861	5,775	17,471	17,487
Shipping and Handling
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	78,940	71,487	218,956	184,128
Depreciation and amortization expense	3,651	3,934	12,962	10,270
Operating expense - equipment lease expense	3,502	4,054	9,039	11,721
Costs and Expenses, Total	$ 86,093	$ 79,475	$ 240,957	$ 206,119

Supplemental financial statem_7

Supplemental financial statement information - Cash, Cash Equivalents And Restricted Cash (Details) - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Jul. 31, 2022	Jul. 31, 2021
Supplemental Financial Statement Information [Line Items]
Cash and cash equivalents	$ 93,530		$ 147,529
Restricted cash	$ 11,127		$ 11,208
Restricted Cash and Cash Equivalents, Statement of Financial Position [Extensible Enumeration]	Cash, cash equivalents and restricted cash		Cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash	$ 104,657	$ 229,095	$ 158,737	$ 281,952
Cash paid for interest	88,865	85,867
Cash paid for income taxes	713	650
Non-cash investing and financing activities:
Liabilities incurred in connection with acquisitions	3,435	644
Change in accruals for property, plant and equipment additions	331	426
Lease liabilities arising from operating right-of-use assets	6,254	11,240
Lease liabilities arising from finance right-of-use assets		1,872
Accrued senior preferred units distributions	16,870	16,873
Ferrellgas, L.P
Supplemental Financial Statement Information [Line Items]
Cash and cash equivalents	93,130		147,258
Restricted cash	11,127		11,208
Cash, cash equivalents and restricted cash	104,257	228,857	$ 158,466	$ 281,688
Cash paid for interest	88,865	85,867
Cash paid for income taxes	708	646
Non-cash investing and financing activities:
Liabilities incurred in connection with acquisitions	3,435	644
Change in accruals for property, plant and equipment additions	331	426
Lease liabilities arising from operating right-of-use assets	6,254	11,240
Lease liabilities arising from finance right-of-use assets		1,872
Accrued senior preferred units distributions	$ 16,870	$ 16,873

Accounts and notes receivable_3

Accounts and notes receivable, net (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Accounts and notes receivable, net
Accounts receivable	$ 203,234	$ 154,570
Notes receivable	2,500	2,517
Less: Allowance for expected credit losses	(6,692)	(6,692)
Accounts and notes receivable, net	$ 199,042	$ 150,395

Debt - Short-Term Borrowings (D

Debt - Short-Term Borrowings (Details) $ in Millions	Apr. 30, 2023 USD ($)
Revolving Credit Facility
Debt Instrument [Line Items]
Short term borrowing	$ 0

Debt - Components Of Long-Term

Debt - Components Of Long-Term Debt (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022	Mar. 30, 2021
Schedule of Capitalization, Long-term Debt [Line Items]
Total long-term debt	$ 1,482,012	$ 1,479,539
Unamortized debt issuance and other costs	(24,086)	(27,731)
Less: current portion of long-term debt	2,717	1,792
Long-term debt	1,455,209	1,450,016
Senior Notes 5.375 Percent Due 2026
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 650,000	$ 650,000
Interest rate, as a percent	5.375%	5.375%	5.375%
Senior Notes 5.875 Percent Due 2029
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 825,000	$ 825,000
Interest rate, as a percent	5.875%	5.875%	5.875%
Notes payable Due 2023 to 2028
Schedule of Capitalization, Long-term Debt [Line Items]
Notes payable	$ 7,012	$ 4,539
Unamortized discount	$ 1,188	$ 465
Weighted average interest rate (as a percent)	8.30%	8.90%

Debt - Long-Term Debt Activity

Debt - Long-Term Debt Activity (Details) - USD ($) $ in Millions		9 Months Ended
	Mar. 30, 2021	Apr. 30, 2023	Jul. 01, 2023	Jul. 31, 2022
Senior Notes 5.375 Percent Due 2026
Debt Instrument [Line Items]
Aggregate principal amount	$ 650
Interest rate, as a percent	5.375%	5.375%		5.375%
Senior Notes 5.875 Percent Due 2029
Debt Instrument [Line Items]
Aggregate principal amount	$ 825
Interest rate, as a percent	5.875%	5.875%		5.875%
Notes payable Due 2023 to 2028
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)		8.30%		8.90%
Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Term	4 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 350
Sublimit, after initial period	$ 200
Amount borrowed		$ 45
Weighted average interest rate (as a percent)		6.875%
Payments on line of credit facility		$ 45
Borrowing base, fixed portion		$ 200
Additional capacity, percentage applied to accounts receivable		80%
Additional capacity, percentage applied to inventory		70%
Revolving Credit Facility \| Base Rate
Debt Instrument [Line Items]
Interest rate, as a percent		0.50%
Revolving Credit Facility \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest rate, as a percent		1%
Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Undrawn funds fee (as a percent)		0.50%
Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Undrawn funds fee (as a percent)		0.375%
Eurodollar Loans \| Maximum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)		3%
Eurodollar Loans \| Minimum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)		2.50%
Non-Eurodollar Loans \| Maximum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)		2%
Non-Eurodollar Loans \| Minimum \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)		1.50%
Third Amendment to Credit Agreement
Debt Instrument [Line Items]
Sublimit, initial period		$ 300	$ 200
Settlement paid		$ 100

Debt - Covenants and Loss on Ex

Debt - Covenants and Loss on Extinguishment (Details) $ in Millions		3 Months Ended		9 Months Ended
	Mar. 30, 2021 USD ($)	Jan. 31, 2023	Jul. 31, 2022	Apr. 30, 2023 USD ($) item
Revolving Credit Facility
Debt Instrument [Line Items]
Total net leverage ratio		5	5.25
Debt Instrument, Term	4 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 350
Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029
Debt Instrument [Line Items]
Number of quarters for required fixed charge coverage ratio \| item				4
Senior Notes 5.375 Percent Due 2026
Debt Instrument [Line Items]
Interest rate, as a percent	5.375%		5.375%	5.375%
Aggregate principal amount	$ 650
Senior Notes 5.875 Percent Due 2029
Debt Instrument [Line Items]
Interest rate, as a percent	5.875%		5.875%	5.875%
Aggregate principal amount	$ 825
Maximum \| Revolving Credit Facility
Debt Instrument [Line Items]
Secured leverage ratio				2.50
Maximum \| Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029
Debt Instrument [Line Items]
Total net leverage ratio				5
Required fixed charge coverage ratio				1.75%
Maximum \| Debt Covenant, First Specified Period \| Revolving Credit Facility
Debt Instrument [Line Items]
Total net leverage ratio				4.75
Maximum \| Debt Covenant, Fourth Specified Period \| Revolving Credit Facility
Debt Instrument [Line Items]
Total net leverage ratio				4.75
Minimum \| Revolving Credit Facility
Debt Instrument [Line Items]
Interest coverage ratio				2.50
Available capacity necessary for cash distributions				$ 50
Available capacity as percentage of Borrowing Base, necessary for cash distributions				15%

Debt - Maturities (Details)

Debt - Maturities (Details) $ in Thousands	Apr. 30, 2023 USD ($)
Debt
2023	$ 545
2024	2,597
2025	2,110
2026	651,728
2027	810
Thereafter	825,410
Total long-term debt	$ 1,483,200

Debt - Security (Details)

Debt - Security (Details) - USD ($) $ in Millions	Apr. 30, 2023	Jul. 31, 2022
Debt Instrument [Line Items]
Letters of credit outstanding	$ 74	$ 87.6
Revolving Credit Facility
Debt Instrument [Line Items]
Available borrowing capacity	$ 276

Preferred units - Issuance (Det

Preferred units - Issuance (Details) $ in Millions	Mar. 30, 2021 USD ($) shares
Preferred units
Preferred units issued (in shares) \| shares	700,000
Preferred Units aggregate initial liquidation preference \| $	$ 700

Preferred units - Issuer Redemp

Preferred units - Issuer Redemption Right (Details) $ / shares in Units, $ in Millions	Apr. 30, 2023 USD ($) $ / shares
Preferred units
Redemption right price percentage MOIC	1.47
Purchase price per Preferred Units \| $ / shares	$ 1,000
Redemption right price percentage of IRR	12.25%
Basis point added	150
Partial redemption minimum amount \| $	$ 25

Preferred units - Investor Rede

Preferred units - Investor Redemption Right (Details)	Apr. 30, 2023 D shares
Temporary Equity [Line Items]
Percentage of preferred units held	33.30%
Percentage of preferred units held by initial affiliated purchasers	25%
Days for consummation of sale and payment of redemption price in full \| D	180
Class B Limited Partner Units
Temporary Equity [Line Items]
Threshold units outstanding for right to trigger sale	0
Preferred Units
Temporary Equity [Line Items]
Threshold units outstanding for right to trigger sale	233,300
Preferred Units \| Maximum
Temporary Equity [Line Items]
Threshold units outstanding for right to fully redeem outstanding units in cash	233,300

Preferred units - Distributions

Preferred units - Distributions (Details) - USD ($) $ in Thousands					9 Months Ended
	May 15, 2023	Feb. 15, 2023	May 15, 2022	Feb. 15, 2022	Apr. 30, 2023	Apr. 30, 2022
Temporary Equity [Line Items]
Quarterly distribution accrued					$ 16,900	$ 16,900
Cash distribution	$ 15,400	$ 15,400	$ 15,400	$ 15,400	48,773	47,783
Preferred units additional quarterly distribution accrued					$ 1,500	$ 1,500
Cash tax distribution rate					25%
Tax rate multiplied by estimated taxable income percentage					0.25%
Additional distribution, percentage of taxable income					20%
Additional distribution, divisor					0.8
Minimum
Temporary Equity [Line Items]
Applicable premium distribution rate					0.75
Maximum
Temporary Equity [Line Items]
Applicable premium distribution rate					3
First Five Years After March 30, 2021 \| Minimum
Temporary Equity [Line Items]
Preferred units distribution rate					8.956%
First Five Years After March 30, 2021 \| Maximum
Temporary Equity [Line Items]
Preferred units distribution rate					11.125%

Preferred units - Board Rights,

Preferred units - Board Rights, Protective Provisions (Details)	Apr. 30, 2023 USD ($) director shares
Preferred units
Minimum preferred units outstanding to designate director to board by unit holders \| shares	140,000
Number of director to the Board permitted to designate by unit holders \| director	1
Minimum value outstanding for director appointment \| $	$ 35,000,000

Preferred units - Restrictions

Preferred units - Restrictions on Cash Distributions (Details) $ in Millions	Apr. 30, 2023 USD ($)
Temporary Equity [Line Items]
Minimum liquidity	$ 100
Period Through May 15, 2022
Temporary Equity [Line Items]
Consolidated net leverage ratio	7.25
Period Thereafter
Temporary Equity [Line Items]
Consolidated net leverage ratio	7

Equity (Deficit) - Units Issued

Equity (Deficit) - Units Issued and Redemption (Details) $ / shares in Units, shares in Millions, $ in Millions	Mar. 30, 2021 USD ($) $ / shares shares	Apr. 30, 2023 director
Limited Partners' Capital Account [Line Items]
Total internal rate of return for redemption	15.85%
Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Limited Partners' Capital Account [Line Items]
Aggregate principal amount	$ 357
Interest rate, as a percent	8.625%
Class B Limited Partner Units
Limited Partners' Capital Account [Line Items]
Units issued \| shares	1.3
Distribution ratio	6
Aggregate distributions before conversion	$ 357
Distribution amount	$ 356
Basis points of internal rate of return for price determination of units redemption	300
Minimum redemption price per unit \| $ / shares	$ 302.08
Option to hold cash period	6 months
Number of independent director to the Board permitted to designate by unit holders \| director		1
Initial Majority Holder of Class B Units Holds At Least 50% of Class B Units [Member] \| Class B Limited Partner Units
Limited Partners' Capital Account [Line Items]
Additional units issued percentage of requisite units held	50%
Initial Majority Holder of Class B Units Holds Less Than 50% of Class B Units [Member] \| Class B Limited Partner Units
Limited Partners' Capital Account [Line Items]
Additional units issued percentage of requisite units held	0.33%

Equity (Deficit) - Conversion F

Equity (Deficit) - Conversion Factor (Details)	Mar. 30, 2021
Post Emergence Year Three [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	3.50
Post Emergence Year Four [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	4
Post Emergence Year Five [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	5
Post Emergence Year Six [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	6
Post Emergence Year Seven [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	7
Post Emergence Year Eight [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	10
Post Emergence Year Nine [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	12
Post Emergence Year Ten [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	25

Equity (Deficit) - Limited Part

Equity (Deficit) - Limited Partner Units (Details) - shares	Apr. 30, 2023	Jul. 31, 2022
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	4,857,605	4,857,605
James E. Ferrell [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	238,172	238,172
Ferrell Companies
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	1,126,468	1,126,468
FCI Trading Corp. [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	9,784	9,784
Ferrell Propane, Inc. [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	2,560	2,560
Public Common Unitholders [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	3,480,621	3,480,621

Equity (Deficit) - Ownership (D

Equity (Deficit) - Ownership (Details) - shares	9 Months Ended
Equity (Deficit) - Ownership (Details) - shares	Apr. 30, 2023	Oct. 31, 2022	Jul. 31, 2022
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	4,857,605		4,857,605
Minimum percentage ownership of outstanding common units resulting in non voting of owners	20%
Ferrell Companies
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	1,126,468		1,126,468
James E. Ferrell [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	238,172		238,172
Ferrellgas Partners LP \| Ferrell Companies
Capital Unit [Line Items]
Limited partner ownership interest	23.40%
Ferrellgas, L.P
Capital Unit [Line Items]
Limited partner ownership interest	98%
Ferrell Companies \| Ferrellgas Partners LP
Capital Unit [Line Items]
Limited partner ownership interest	23%
FCI Trading Corp. [Member] \| Ferrellgas Partners LP \| Ferrell Companies
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	9,784
Ferrell Propane, Inc. [Member] \| Ferrellgas Partners LP \| Ferrell Companies
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	2,560
JEF Capital Management [Member] \| Ferrellgas Partners LP \| James E. Ferrell [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding		237,942
Ferrell Resources Holdings, Inc. [Member] \| Ferrellgas Partners LP \| James E. Ferrell [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	230
Ferrellgas Inc., General Partner \| Ferrellgas, L.P
Capital Unit [Line Items]
Limited partner ownership interest	1.0101%
Ferrellgas Partners LP \| Ferrellgas, L.P
Capital Unit [Line Items]
Limited partner ownership interest	99%

Equity (Deficit) - Paid Distrib

Equity (Deficit) - Paid Distributions (Details) - USD ($) $ in Thousands			3 Months Ended		9 Months Ended
	Apr. 07, 2023	Oct. 08, 2021	Apr. 30, 2023	Oct. 31, 2021	Apr. 30, 2023	Apr. 30, 2022
Common Unitholders [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid	$ 49,900	$ 49,900
Ferrellgas, L.P
Limited Partners' Capital Account [Line Items]
Distributions paid			$ 50,000	$ 50,000
Ferrellgas, L.P \| Ferrellgas Partners LP
Limited Partners' Capital Account [Line Items]
Distributions paid			50,000		$ 50,000	$ 50,000
Ferrellgas, L.P \| Common Unitholders [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid			$ 50,000	$ 50,000

Equity (Deficit) - Contribution

Equity (Deficit) - Contributions and AOCI (Details) - USD ($)	3 Months Ended						9 Months Ended
	Apr. 30, 2023	Jan. 31, 2023	Oct. 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Oct. 31, 2021	Apr. 30, 2023	Apr. 30, 2022
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	$ 767,000	$ 722,000	$ 723,000	$ 776,000	$ 751,000	$ 909,000
General Partner
Capital Unit [Line Items]
Non-cash contribution							$ 44,000	$ 49,000
Contributions in connection with non-cash ESOP compensation charges	8,000	7,000	7,000	9,000	7,000	8,000
Ferrellgas, L.P
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	767,000	722,000	723,000	776,000	751,000	909,000
Ferrellgas, L.P \| Common Unitholders [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	760,000	714,000	716,000	768,000	743,000	900,000
Ferrellgas, L.P \| General Partner
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	$ 7,000	$ 8,000	$ 7,000	$ 8,000	$ 8,000	$ 9,000	$ 22,000	$ 25,000
Ferrellgas Inc., General Partner \| Ferrellgas, L.P
Capital Unit [Line Items]
General partner ownership interest							1.0101%	1.0101%
Ferrellgas Inc., General Partner \| Ferrellgas Partners LP
Capital Unit [Line Items]
General partner ownership interest							1%

Revenue from contracts with c_3

Revenue from contracts with customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Jul. 31, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 587,347	$ 647,543	$ 1,684,579	$ 1,726,987
Contract assets and liabilities
Contract assets	20,876		20,876		$ 11,935
Contract liabilities
Deferred revenue	$ 40,051		40,051		$ 47,929
Deferred revenue recognized			$ 35,400
Maximum \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-05-01
Contract liabilities
Remaining performance obligation recognition period	1 year		1 year
Propane And Related Equipment
Disaggregation of Revenue [Line Items]
Revenues	$ 587,347	647,543	$ 1,684,579	1,726,987
Retail Sales To End Users
Disaggregation of Revenue [Line Items]
Revenues	431,538	478,807	1,195,961	1,228,062
Wholesale Sales To Resellers
Disaggregation of Revenue [Line Items]
Revenues	123,532	137,148	388,154	405,713
Other Gas Sales
Disaggregation of Revenue [Line Items]
Revenues	3,977	6,256	12,662	18,644
Other Revenues
Disaggregation of Revenue [Line Items]
Revenues	28,300	25,332	87,802	74,568
Ferrellgas, L.P
Disaggregation of Revenue [Line Items]
Revenues	587,347	647,543	1,684,579	1,726,985
Ferrellgas, L.P \| Propane And Related Equipment
Disaggregation of Revenue [Line Items]
Revenues	587,347	647,543	1,684,579	1,726,985
Ferrellgas, L.P \| Retail Sales To End Users
Disaggregation of Revenue [Line Items]
Revenues	431,538	478,807	1,195,961	1,228,062
Ferrellgas, L.P \| Wholesale Sales To Resellers
Disaggregation of Revenue [Line Items]
Revenues	123,532	137,148	388,154	405,713
Ferrellgas, L.P \| Other Gas Sales
Disaggregation of Revenue [Line Items]
Revenues	3,977	6,256	12,662	18,644
Ferrellgas, L.P \| Other Revenues
Disaggregation of Revenue [Line Items]
Revenues	$ 28,300	$ 25,332	$ 87,802	$ 74,566

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	$ 8,693	$ 51,267
Commodity derivatives propane swap liabilities	(16,052)	(12,960)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	0	0
Commodity derivatives propane swap liabilities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	8,693	51,267
Commodity derivatives propane swap liabilities	(16,052)	(12,960)
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	0	0
Commodity derivatives propane swap liabilities	$ 0	$ 0

Fair Value Measurements - Other

Fair Value Measurements - Other Financial Instruments (Details) - USD ($) $ in Millions	Apr. 30, 2023	Jul. 31, 2022
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 1,299.6	$ 1,327.8

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Balance Sheet (Details) - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Jul. 31, 2022
Derivatives, Fair Value [Line Items]
Gain (loss) recognized due to ineffectiveness	$ 0	$ 0
Derivative Asset, Fair Value, Gross Asset	8,693		$ 51,267
Derivative Liability, Fair Value, Gross Liability	16,052		12,960
Price risk management asset
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	8,463		43,015
Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	14,381		11,840
Other Assets, Net [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	230		8,252
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	$ 1,671		$ 1,120

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Margin Balances (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Jul. 31, 2022
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	$ 18,038	$ 17,135
Derivative Liability, Fair Value of Collateral	6,207	39,915
Prepaid Expenses and Other Current Assets [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	15,225	12,338
Other Current Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value of Collateral	6,207	32,805
Other Assets, Net [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	2,813	4,797
Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value of Collateral	$ 0	$ 7,110

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Effect on Comprehensive Income and Change in FV (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI on derivative	$ (10,621)	$ 29,355	$ (53,044)	$ 84,427
Amount of gain (loss) reclassified from AOCI into income			(7,378)
Cost of Sales [Member] \| Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) reclassified from AOCI into income	(13,450)	44,145		96,965
Amount of gain (loss) reclassified, ineffective portion			$ 0	$ 0
Propane [Member]
Derivative [Line Items]
Amount of gain (loss) reclassified, ineffective portion	$ 0
Propane [Member] \| Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) reclassified, ineffective portion		$ 0

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - AOCI Rollforward (Details) gal in Millions	3 Months Ended		9 Months Ended
	Apr. 30, 2023 USD ($)	Apr. 30, 2022 USD ($)	Apr. 30, 2023 USD ($) gal	Apr. 30, 2022 USD ($)
Derivative [Line Items]
Partners' capital balance, beginning	$ (873,156,000)	$ (801,995,000)	$ (887,811,000)	$ (823,079,000)
Change in value of risk management commodity derivatives	(10,621,000)	29,355,000	(53,044,000)	84,427,000
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net	13,450,000	(44,145,000)	7,378,000	(96,965,000)
Partners' capital balance, ending	(862,141,000)	(763,601,000)	(862,141,000)	(763,601,000)
Reclassification of net gain to earnings during next 12 months			5,900,000
Gain (loss) on discontinuation of cash flow hedge due to forecasted transaction probable of not occurring, net			$ 0	0
Number of barrels of propane covered by cash flow hedges \| gal			1.7
Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
Derivative [Line Items]
Partners' capital balance, beginning			$ 37,907,000	88,866,000
Change in value of risk management commodity derivatives			(53,044,000)	84,427,000
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net			7,378,000	(96,965,000)
Less: amount attributable to noncontrolling interests			461,000	126,000
Partners' capital balance, ending	(7,298,000)	76,454,000	(7,298,000)	76,454,000
Non-Controlling Interest [Member]
Derivative [Line Items]
Partners' capital balance, beginning	(7,439,000)	(7,234,000)	(7,587,000)	(7,966,000)
Partners' capital balance, ending	(6,823,000)	(6,837,000)	(6,823,000)	(6,837,000)
Ferrellgas, L.P
Derivative [Line Items]
Partners' capital balance, beginning	(873,172,000)	(783,635,000)	(887,826,000)	(806,143,000)
Change in value of risk management commodity derivatives	(10,621,000)	29,355,000	(53,044,000)	84,427,000
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net	13,450,000	(44,145,000)	7,378,000	(96,965,000)
Partners' capital balance, ending	(862,199,000)	(744,492,000)	(862,199,000)	(744,492,000)
Ferrellgas, L.P \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
Derivative [Line Items]
Partners' capital balance, beginning			38,307,000	89,786,000
Change in value of risk management commodity derivatives			(53,044,000)	84,427,000
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net			7,378,000	(96,965,000)
Partners' capital balance, ending	$ (7,359,000)	$ 77,248,000	$ (7,359,000)	$ 77,248,000

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Credit Risk (Details)	Apr. 30, 2023 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Maximum loss due to credit risk	$ 0
Open derivative contracts with credit risk features	$ 0

Transactions with related par_3

Transactions with related parties (Details) $ in Thousands	3 Months Ended		9 Months Ended
Transactions with related parties (Details) $ in Thousands	Apr. 30, 2023 USD ($) employee	Apr. 30, 2022 USD ($)	Apr. 30, 2023 USD ($) employee	Apr. 30, 2022 USD ($)
Related Party Transaction [Line Items]
Number of employees \| employee	0		0
Ferrellgas Inc., General Partner \| Operating expense
Related Party Transaction [Line Items]
Expenses reimbursed to related party	$ 77,876	$ 73,224	$ 233,585	$ 209,976
Ferrellgas Inc., General Partner \| General and administrative expense
Related Party Transaction [Line Items]
Expenses reimbursed to related party	$ 7,869	$ 6,898	$ 23,528	$ 21,913

Contingencies and commitments (

Contingencies and commitments (Details) $ in Millions	9 Months Ended
Contingencies and commitments (Details) $ in Millions	Apr. 30, 2023 USD ($) item	Jul. 31, 2022 USD ($)
Lawsuit Related To Sale Of Jamex Transfer Services
Loss Contingencies [Line Items]
Number of former officers \| item	2
Ferrellgas Partners Finance Corp
Loss Contingencies [Line Items]
Debt securities outstanding	$ 0
Ferrellgas Finance Corp \| Senior Notes 5.375 Percent Due 2026
Loss Contingencies [Line Items]
Liability as co-issuer	650	$ 650
Ferrellgas Finance Corp \| Senior Notes 5.875 Percent Due 2029
Loss Contingencies [Line Items]
Liability as co-issuer	$ 825	$ 825

Net earnings (loss) per unith_2

Net earnings (loss) per unitholders' interest (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Earnings Distribution Allocation [Line Items]
Net earnings attributable to Ferrellgas Partners, L.P.	$ 72,427	$ 67,586	$ 165,982	$ 167,385
Less: Allocation of undistributed net earnings to Class B units		44,017	49,653	50,009
Less: General partner's interest in net earnings	724	675	1,660	1,673
Undistributed net earnings attributable to Class A unitholders	6,115	7,336	$ 16,608	16,668
Allocation of earnings to Class B units relative to allocation to Class A units			6
Preferred Units
Earnings Distribution Allocation [Line Items]
Less: Distributions to preferred unitholders	$ 15,590	$ 15,558	$ 48,063	$ 49,037
Class A Limited Partner Units
Earnings Distribution Allocation [Line Items]
Weighted average Class A Units outstanding (in thousands)	4,857,600	4,857,600	4,857,600	4,857,600
Basic and diluted net earnings per Class A Unit	$ 1.26	$ 1.51	$ 3.42	$ 3.43
Class B Limited Partner Units
Earnings Distribution Allocation [Line Items]
Less: Distributions to preferred unitholders	$ 49,998		$ 49,998	$ 49,998
Percentage of allocated earnings			100%

Subsequent events (Details)

Subsequent events (Details)	9 Months Ended
Subsequent events (Details)	Apr. 30, 2023
Subsequent Event [Line Items]
Events or transactions	no
Ferrellgas Partners Finance Corp
Subsequent Event [Line Items]
Events or transactions	no