Ferrellgas Partners (FGPR) 9 Dec 222023 Q1 Earnings call transcript

Good day, and welcome to the Ferrellgas Partners First Quarter Fiscal 2023 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to James Ferrell, Chief Executive Officer and President of Ferrellgas.

You may begin.

Welcome to our first quarter fiscal 2023 earnings call. My name is Jim Ferrell, Chief Executive Officer and President of Ferrellgas.

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performance welcome quarter during this Exchange are Jim, Commission. remind to and XX-K and forward-looking that cause from could These other filed made materially from factors documents statements you, I'd uncertainties fiscal other some risks, all may factors actual of our be to various call. earnings on and and September performance. call with considered time discussed Securities the like Thank anticipated and Form our XXXX, in differ filed XXXX XX, you year time to the to first

strategy additionally and in fiscal of first growth drove weather period. quarter prior X% compared The the the of the to results was favorable the by company's fiscal increase sold the Additionally, growth year discuss quarter. gallons of we XX, operations October note this was that first call an purpose to aided is in that ended for XXXX. The

gross Cost focus of of for XX% footprint As improvement. its quarter. a favorable with a an X% the on sales million higher $X.X or higher to million was company, and $XX.X Ferrellgas benefit quarter. the $XX.X logistics nationwide X% favorable first decrease technology-enabled or for of profit increased first with lower, continuous million continues from was Revenues or increase

quarter Margin gallon income was expenses the XX% $X.XX period. the administrative year prior first The gallon the period. to for fuel or legal prior higher to increased compared XX% fees per $XX costs higher increase by Operating, Operating due businesses. general prior was primarily to year higher costs. and per operating compared to increased million fleet noncore primarily related attributable and in million million, or period. increased compared to costs General administrative to $X.XX the year cost $X.X $XX.X and

prior reported by million $X.X $XX.X million to period. measure the to For favorably compared period. the a the the of XX% was $X.X in compared operating Ferrellgas non-GAAP million of or a $X.X quarter, impacted prior year loss year million $XX.X Adjusted an increase first Partners loss increased in million by to million EBITDA, to income. company Adjusted attributable LP in $XX.X net a net of EBITDA

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strategic capabilities. Blue facilities to Blue staging showcased areas. national towards supply logistics this Florida tanks helped the we our in Rhino chain, tracked As a category for production extra flood Rhino hurricane fall,

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the Thank Investor I'll now any investorrelations@ferrellgas.com. additional submitted today. box Bye. the be participating Relations mentioned for may back but you our call e-mail announcement via at moderator, I for before this do our that, questions turn to in as call,

this now and day. Ladies does gentlemen, program, disconnect. and the have Everyone, great conclude may a you