Ferrellgas Partners (FGPR) 10 Mar 232023 Q2 Earnings call transcript

Thank you for standing by, and welcome to the Ferrellgas Second Quarter Fiscal '23 Earnings Conference Call. [Operator Instructions] As a reminder today's conference call is being recorded. I would now turn the conference to your host, Mr. Jim Ferrell, CEO. Sir, you may begin.

Thanks, Valerie. call. earnings our to Welcome This call includes, of the which their interested we for course, our anyone ESOP. through of equity owners Class in employees call company, A is who what are

what know what rather here crudely, putting understand doing to to like financial are might we them, In more we we so one, number money. it results. to tell here: produce make fully you are words, You other

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not of could this, morale and higher a result lower. As turnover all be

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We are producing.

that find our so of year and executive, talent about a weeks It we us finally X to Mike that -- One ago. took a the are us CFO. new seasoned financial he is adds happy surfaced. we is him, Cole he joined

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would Form made to quarter some remind time member time various materially XXXX team morning. the an to call, our this as be fiscal that may excited and with are forward-looking filed Securities and earnings And performance Exchange Jim. I'm XXXX, and filed anticipated second during factors a you other call statements for from thank on to to you this Commission. documents earnings to the you, comment, of could other discussed our XX, from year performance. cause in Welcome joining. I and and actual Thank like excited XX-K join to be factors September risks, opening Ferrellgas uncertainties These differ that and the considered call

prior that of November compared million increase sold sold XX% repairs by to December offsetting the to warming this of decreased fiscal a XX% month discuss locations year the our prior fiscal redeployment cost flat its the year XXXX. Operating per fleet. experienced XX% the decrease increased million second ended to we or and call fiscal second January Additionally, Margin gallons increased and quarter, is XX%, the second purpose $X Operating XX% Results income prior period. XXXX. In XX, $XX to with year quarter for to results by the a maintenance decreased the our country XX%, the for slight for continues period. through per gross quarter to gallon and $XX overall sold compared or compared decreased compared year and decrease the the were Gallons of million second gallons months the X.X trend fiscal during quarter. $X.XX $XX.X of favorable usage fuel a the The gallon note tanks was quarter income gallons savings XXXX impacted to or operations million statistics. Revenues with costs planned of prior cost profit higher $X.XX million and of or management utilization X% and X%. second realize the of company higher a of or sales January decreased in cumulative were fiscal the or month to during period. asset as in with

million million, our Partners, the related Chief noncore XXXX was over fiscal For L.P. EBITDA The asset legal Zertuche, will EBITDA, respectively. Adjusted attributable adjustments non-GAAP an disposals Ferrellgas due on net a X%. in reported primarily decrease million Operating by businesses. I or and to change the $XXX.X $X.X now to company million to quarter earnings increased a to our in measure, call million XXXX, sales operational $X.X and second of the gain Officer, to will overview. and and turn related $X.X Tamria who fees provide a increase $XX.X

Mike. Thank you,

for the which goal this indicated, in Rez-Bear of Ferrellgas New This XX partnership newest backyard Jim As states partnership in XXXX acquisition we world's during have as chefs. second Propane Blue Harris, fit largest the Rhino's celebrated competition this The fiscal the and competition employees has with welcomed Steak the XXX tank quarter. We of the Cookoff scheduled in natural is countries. We industry, to Rhino, quarter. consolidating XX company. Association, great Ferrellgas this a grilling our its Blue family York year is for announced events brand a exchange the

First, in employees virtual a holiday their event included a families gathering. that and via our

and fully ways Mike and acknowledge I was were their this are are we acknowledge, owners, for for and employee Ferrellgas hundreds We of the directly these that. We that improve still These employees, look program. employees almost nominated responsible our via to looking award the fully of organization, other call employee presented with employees know, performance staff corporate see enjoying on into our benefits peers. the these to the and you have our focused X,XXX Ferrellgas Flame are along continuously for proposition. day. When results thank owners Award on highly This then employees, from engaged this on you and home might every work by Ferrellgas value You here Jim shared. who

top value our our affordable, brands, we product and logistics this portable proposition at best-in-class call, customers. As provide Jim the winning our to our clean, of is said the

and at opportunities the our And Our put strategic hold employees initiatives continue put operating our But create they all, first. in cost of turn, low first. to our for growth. heart it they we customers they specifically,

back you. customer. Jim, every Simply for Ferrellgas committed to to are We Fuel Life

could And you during them. Tamria. of when get all Thanks, didn't further you hope, I submitted questions directly know, submit site. any you can questions We time that have our the to period

And do be answer them you that. You take way -- time. to a of we'll can due care in we to happy give them,

very you us. for tuning in thank listening much today to So for and

and participating. does conclude conference. you. Thank for gentlemen, Ladies all you this today's Thank

great disconnect. You a Have day. may now