FERRELLGAS PARTNERS L P

Ferrellgas Partners, L.P.

Core business (as of July 31, 2026)

• Publicly traded Delaware limited partnership that distributes propane and related equipment and supplies.
• Primary operating activity is conducted through the Ferrellgas Partners operating partnership.
• Markets propane to residential, industrial/commercial, agricultural, portable tank exchange, wholesale and other customers.
• Also sells refined fuels and provides common carrier transportation services.
• National footprint supported by a technology-driven distribution platform for routing deliveries, customer administration, and 24/7 emergency customer calls.

Market position and brand

• Believed to be the second largest retail marketer of propane in the United States by retail propane volume in fiscal 2026.
• National portable tank exchange network operated under the Blue Rhino brand, primarily through partnership-owned outlets with some independently owned distributors.

Geographic reach and distribution network (as of July 31, 2026)

• Operations in all 50 states, the District of Columbia, and Puerto Rico.
• 1,055 propane distribution locations in the United States.
• Service-center structure: 36 service centers and 664 service units.
• Portable tank exchange network: distributed through 135 company-owned distributors and 4 independently owned distributors.
• 12 company-owned portable tank exchange production facilities.

Capacity and assets

• Owned propane storage capacity: approximately 38.5 million gallons at distribution locations.
• Leased propane storage capacity: approximately 33.1 million gallons at underground storage facilities and pipelines.
• Owned propane tanks: approximately 0.7 million.
• Owned portable cylinders: approximately 4.1 million.
• Land and buildings owned in local markets for about 65% of operating locations; remaining facilities leased.
• Corporate headquarters: approximately 1,728 square feet of office space in the Kansas City area.
• Propane distribution locations are managed via a centralized, technology-driven network (service centers and service units with handheld computers and communications).

Product and service mix

• Retail distribution of propane and related equipment and supplies.
• Sale of refined fuels.
• Transportation and logistics services, including common carrier activities.

Customer base and volumes

• Serves residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers.
• Approximately 70% of residential customers use Ferrellgas equipment; the remainder own their tanks.
• Propane and other gas liquids sales volumes:
  • Fiscal 2026: 760 million gallons
  • Fiscal 2025: 784 million gallons
  • Fiscal 2024: 764 million gallons
• Winter heating season has a material impact on volumes; about 56% of fiscal 2026 propane sales occurred during the winter heating season.

Employees (as of July 31, 2026)

• Total full-time employees under the general partner: 3,934.
• By function: 3,560 in propane field operations; 374 in centralized corporate functions.

Corporate structure and governance (highlights)

• Ferrellgas Partners, L.P. is the operating partnership; Ferrellgas, Inc. is the general partner.
• Ferrell Companies, Inc. is the sole shareholder of the general partner.
• Ferrellgas Partners Finance Corp. and Ferrellgas Finance Corp. are finance-related subsidiaries used for issuing debt.
• The parent and the operating partnership depend on distributions from operations to service obligations; Ferrellgas Partners itself does not conduct material operating activities.