Ferrellgas Partners (FGPR) 14 Jun 232023 Q3 Earnings call transcript

Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Ferrellgas Partners Third Quarter Fiscal 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I will now hand the conference over to your speaker, Mr. Jim Ferrell, Chief Executive Officer and President. sir. ahead, go Please

let XXXX my earnings and third to quarter fiscal call me you, welcome offer our Thank as well.

started, when of get an we were in we I'm tell out, to Before it. you America unexpected came recognition Most Newsweek's the list on XXXX Trustworthy Companies going about

people take It really they deliver leadership tribute team title. who Newsweek as says though is not to that think that's this that and the I the customers just well. as sample our something. I service them first-class a X,XXX employees the for earned

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who be For you employees very might thank listening, much.

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yours. Mike look Mike, to our you is quarter's the CFO, Now results, give call here this at better a is Cole.

Thank call, you, year to for quarter joining. XXXX third and fiscal Jim. Welcome our earnings you thank

actual Commission. with the September differ time considered time cause like and filed XXXX, and could documents that remind Before we discussed made our uncertainties be you other Exchange call and from I factors begin, forward-looking may during from in Form to XX-K materially various performance. XX, to would that some this statements filed and on These anticipated performance are factors risks, to Securities other

XX, in that investor call some operations questions I of questions discuss our note our received in those remarks. XXXX. purpose results April would inbox fiscal third is we addressed and of to quarter note also we prepared this ended the that Additionally, for the the of have

maintenance diesel, partially B To which $XXX to the B of cash date, is total to sales in amount Class negotiations to with positive. securing achieved utilization a period. continue $X.XX paid million or $XX.X $XX.X or million warm of timing quarter year delivery In quarter, distribution has decrease while offset favorable XX% was be gross period. the also prior these customer compared compared increased $XX.X prior or in its West company to positive continue results demand. of by Ferrellgas, charges on be by initiatives fiscal record or to the containment the X% XX%. a the profit Right contract of logistics while fleet fiscal strategic the company. Operating deliveries results per repairs. The aggregate with on primary gallon and increased suppliers, results, or third to compared related to X% fiscal as leading million. third to $X.X The strategic fiscal the contributed year XX% income focus increased near of X%, management compared cost were supply gallons approximately a increased targeted decreased XX.X or quarter. the cost higher cost million the financial XXXX. Our the X, year per third sold Operating right-time million quarter for company decreased Class paid Margin on third million April and asset Gallons leveraging of period. the favorable for A prior or time impacted $XX.X the to million practices. Revenues X% gallon a year weather to income goal unitholders prior unitholders our $X.XX

recent In our to capital alternatives the financial in structure given improvement evaluate terms continue various performance. will we of our in capital structure, our

the XXXX, non-GAAP and million XXXX Ferrellgas of quarter increased X%. million, measure, fiscal EBITDA, L.P. $XX.X or net by was of $XX.X related company earnings above to a change the reported respectively. Adjusted and income, over $X.X our noted Partners, The a million to attributable primarily favorable in legal $X.X highlights. will the to third EBITDA company fees due to adjustment Zertuche $X.X of the for For million to increase million noncore turn and operating now Tamria operational was go in over which call businesses. I

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is logistics stronger. network even Our

to will clean, to affordable continue propane. customers access provide Ohio We in value

are Most As Jim heart Relationships of in Newsweek's Trustworthy all earlier, announced inclusion America. in we our we the Companies of do. at are proud

suppliers to thankful nationwide of are all doing have and XXX footprint, We we more carriers. way routes supply trusted on who our ship our with and our employees, major value relationships than customers business. Through

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employees, of to be our success. to key continues Our valued it retention

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to on in of employees our they service, a were ways and presented customer Flame acknowledge our areas were in the to another. that Ferrellgas They safety, is of also nominated by peers their Our take remain is Awards of culture of goal team need and the part of our customer. Part to care hundreds leadership. innovation Ferrellgas one to focused employees.

receive. call, at commented this your by one the we of Jim leadership To the recognized as have matters, highest and beginning can the best. it's very be praise peer, Just

the proud our employee so I in this way they back owners each as you. additional e-mail for and and recognize our Investor are our will box submitted do the support before announcement call but of any that, call, InvestorRelations@ferrellgas.com. Thank We moderator, questions Relations at to mentioned turn via our other. I be that may

Now back to the moderator.

your you Ladies today. our and gentlemen, for for does conference that concur Thank participation.

You disconnect. may now