Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): December 8, 2023

Ferrellgas Partners, L.P.

(Exact name of registrant as specified in its charter)


Delaware	001-11331	43-1698480
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

One Liberty Plaza,

Liberty, Missouri

64068

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: 816-792-1600

Not Applicable

Former name or former address, if changed since last report

Ferrellgas Partners Finance Corp.

(Exact name of registrant as specified in its charter)


Delaware	333-06693-02	43-1742520
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

One Liberty Plaza,

Liberty, Missouri

64068

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: 816-792-1600

n/a

Former name or former address, if changed since last report

Ferrellgas, L.P.

(Exact name of registrant as specified in its charter)


Delaware	000-50182	43-1698481
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

One Liberty Plaza,

Liberty, Missouri

64068

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: 816-792-1600

n/a

Former name or former address, if changed since last report

Ferrellgas Finance Corp.

(Exact name of registrant as specified in its charter)


Delaware	000-50183	14-1866671
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

One Liberty Plaza,

Liberty, Missouri

64068

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: 816-792-1600

n/a

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Ferrellgas Partners, L.P.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Ferrellgas Partners Finance Corp.

Emerging growth company ☐

Ferrellgas, L.P.

Emerging growth company ☐

Ferrellgas Finance Corp.

Emerging growth company ☐

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
N/A	N/A	N/A

Item 2.02 Results of Operations and Financial Condition.

The information included in Item 7.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.02 of this Current Report on Form 8-K.

Item 7.01 Regulation FD Disclosure.

On December 8, 2023, Ferrellgas Partners, L.P. (OTC Pink: “FGPR”) (“Ferrellgas”) issued a press release regarding its financial results for the first fiscal quarter ended October 31, 2023. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

On Friday, December 8, 2023, the Company will conduct a teleconference on the Internet at https://edge.media-server.com/mmc/p/mymf73a9 to discuss the results of operations for the first fiscal quarter ended October 31, 2023. The webcast of the teleconference will begin at 8:30 a.m. Central Time (9:30 a.m. Eastern Time). Questions may be submitted via the investor relations e-mail box at InvestorRelations@ferrellgas.com.

Item 9.01 Financial Statements and Exhibits

Exhibit 99.1 — Press release of Ferrellgas Partners, L.P. dated December 8, 2023, reporting its financial results for the first fiscal quarter ended October 31, 2023.

Limitation on Materiality and Incorporation by Reference

The information in this Current Report on Form 8-K related to Items 2.02 and 7.01, including Exhibit 99.1 furnished herewith, is being furnished to the SEC pursuant to Item 2.02 and Item 7.01 of Form 8-K and is not deemed to be "filed" with the SEC for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of Section 18. In addition, such information is not to be incorporated by reference into any registration statement of Ferrellgas Partners, L.P., Ferrellgas Partners Finance Corp., Ferrellgas, L.P. or Ferrellgas Finance Corp. or other filings of such entities made pursuant to the Exchange Act or the Securities Act, unless specifically identified as being incorporated therein by reference.

The furnishing of particular information in this Current Report, including Exhibit 99.1 furnished herewith, pursuant to Item 7.01 of Form 8-K is not intended to, and does not, constitute a determination or admission by Ferrellgas Partners, L.P., Ferrellgas Partners Finance Corp., Ferrellgas, L.P. or Ferrellgas Finance Corp. as to the materiality or completeness of any such information that is required to be disclosed solely by Regulation FD of the Exchange Act.


Exhibit No.			Description
99.1			Press release of Ferrellgas Partners, L.P. dated December 8, 2023, reporting its financial results for the first fiscal quarter ended October 31, 2023.
104			Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	FERRELLGAS PARTNERS, L.P.
	By:	Ferrellgas, Inc., its general partner

Date: December 8, 2023	By:	/s/ Michael E. Cole
		Chief Financial Officer
		(Principal Financial and Accounting Officer)

	FERRELLGAS PARTNERS FINANCE CORP.

Date: December 8, 2023	By:	/s/ Michael E. Cole
		Chief Financial Officer and Sole Director
		(Principal Financial and Accounting Officer)

	FERRELLGAS, L.P.
	By:	Ferrellgas, Inc., its general partner

Date: December 8, 2023	By:	/s/ Michael E. Cole
		Chief Financial Officer
		(Principal Financial and Accounting Officer)


	FERRELLGAS FINANCE CORP.

Date: December 8, 2023	By:	/s/ Michael E. Cole
		Chief Financial Officer and Sole Director
		(Principal Financial and Accounting Officer)

Exhibit 99.1

FERRELLGAS PARTNERS, L.P. REPORTS

FIRST QUARTER FISCAL 2024 RESULTS

•	Financial Highlights

•

Gross Profit for the first fiscal quarter decreased $1.0 million, or 1%, compared to the prior year period, driven by decreases of $42.3 million and $41.2 million in revenue and cost of sales, respectively. The revenue and cost of sales changes were primarily due to wholesale propane prices that were 28.6% lower from Mt. Belvieu, Texas and 30.6% lower from Conway, Kansas compared to the prior year period.

•

Margin per gallon for the first fiscal quarter was flat at $1.20 per gallon for both the current and prior year periods.

•

Net loss attributable to Ferrellgas Partners, L.P. was $17.5 million for the first fiscal quarter compared to a net loss of $4.5 million in the prior year period, driven, in part, by higher expenses incurred in response to and preparation for system growth.

•

Adjusted EBITDA for the first fiscal quarter decreased by $16.8 million compared to the prior year period, with the decrease largely attributable to the increase in net loss.

•	Company Highlights

•

Blue Rhino, the Company’s tank exchange brand, increased capacity 15% to 20% in its production facilities where we expect to see volume growth, as well as preparing our distribution yards, investing in vending technology, and adding micro-distribution centers to support growth.

•

Ferrellgas announced its continued partnership with Operation Warm, an organization that provides new coats and shoes to children in need across the country.

•

Blue Rhino honored its partnership with Operation BBQ Relief, an organization that serves people across the country impacted by natural disasters, with a limited edition tank sleeve.

•

188 employees received Ferrellgas Flame Awards and Blue Rhino recognized three Golden Rhino Award recipients in the first fiscal quarter.

Liberty, MO., December 8, 2023 (GLOBE NEWSWIRE) – Ferrellgas Partners, L.P. (OTC: FGPR) (“Ferrellgas” or the “Company”) today reported financial results for its first fiscal quarter ended October 31, 2023.

“It was an exciting quarter for Ferrellgas focused on Blue Rhino growth initiatives and preparation for our core business peak season ahead,” said Tamria Zertuche, President and Chief Executive Officer of Ferrellgas. “The employee-owners of Ferrellgas delivered the infrastructure, fleet and human resource activities needed for the strategic growth goals of Ferrellgas. We could not be more proud of the growth opportunities our sales teams, customer service representatives and drivers across the country help to deliver each and every day.”

Gross profit decreased slightly by $1.0 million, or 1%, for the first fiscal quarter compared to the prior year period. The main factor behind this change was a $42.3 million decrease in revenue, which was partially offset by a decrease of $41.2 million in cost of product as compared to the prior year period. Our wholesale sales price per gallon partially correlates to the change in the wholesale market price of propane. The wholesale market price at our two major supply points averaged 28.6% and 30.6% less in the first fiscal quarter of 2024 compared to the prior year period. These decreases impacted both the revenue and cost of product changes for the period. As expected, propane market cost reduction and stabilization impacted our current period gross profit. Margin per gallon was flat at $1.20 per gallon for both periods.

We recognized a net loss attributable to Ferrellgas Partners, L.P. of $17.5 million and $4.5 million in the first fiscal quarter of fiscal 2024 and 2023, respectively. Operating expense as a percentage of total revenue increased 26% for the first fiscal quarter compared to the prior year period. Operating expense – personnel, vehicle, plant and office increased $14.9 million, or 11%, primarily due to an increase of $5.0 million from the Company increasing personnel for growth projects (including increased acquisitions and the expansion by Blue Rhino into both self-service vending) and new customer growth, in addition to $3.0 million related to the timing of benefit payments. The remainder of the increase in operating expense was primarily driven by a $3.9 million increase in vehicle costs as trucks were refurbished to support new customer growth in Blue Rhino. Lower legal costs compared to the prior year period drove the majority of the $2.0 million decrease in General and administrative expense.

Adjusted EBITDA, a non-GAAP financial measure, decreased by $16.8 million, or 34%, to $32.9 million in the first fiscal quarter compared to $49.7 million in the prior year quarter. The change was primarily due to the $13.0 million increase in net loss attributable to Ferrellgas Partners, L.P., as noted above, and a $3.8 million EBITDA adjustment for legal fees related to a non-core business.

The Company announced its continued partnership with Operation Warm, a national nonprofit organization that provides new coats and shoes for children in need across the country. “Giving a child a new coat can be a transformative experience,” said Ms. Zertuche. “It truly makes a difference for so many children, and it’s one more way we can Fuel Life Simply for them and their families. As a company that supplies the propane that heats millions of American homes, supporting Operation Warm is a natural fit for us. Every child deserves to feel warm, safe, and loved.” The Company participated in two coat distribution events this year.

Blue Rhino celebrated Labor Day with a new, limited edition tank sleeve honoring our partnership with Operation BBQ Relief, a nonprofit organization that has served more than ten million meals to those impacted by natural disasters. The Company is proud to support such an important cause by providing the fuel needed to cook the meals served.

The Company had 188 nominations for Ferrellgas Flame awards during the first fiscal quarter, including 33 in Safety, 65 in Customer Service, 29 in Innovation, and 61 in Leadership. This employee recognition program is yet another way Ferrellgas shows appreciation to its most valuable resource, its employee-owners. In addition to performance recognition, Ferrellgas believes in education and continuous improvement. The Golden Rhino Award program recognizes a Blue Rhino employee or group each quarter from production, operations and corporate for their accomplishments.

On Friday, December 8, 2023, the Company will conduct a teleconference at https://edge.media-server.com/mmc/p/mymf73a9 to discuss the results of operations for the first fiscal quarter ended October 31, 2023. The webcast of the teleconference will begin at 8:30 a.m. Central Time (9:30 a.m. Eastern Time). Questions may be submitted via the investor relations e-mail box at InvestorRelations@ferrellgas.com.

About Ferrellgas

Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., and subsidiaries, serves propane customers in all 50 states, the District of Columbia, and Puerto Rico. Its Blue Rhino propane exchange brand is sold at 60,000 locations nationwide. Ferrellgas was named one of Newsweek’s Most Trustworthy Companies in America in 2023. Ferrellgas employees indirectly own 1.1 million Class A Units of the partnership, through an employee stock ownership plan. Ferrellgas Partners, L.P. filed an Annual Report on Form 10-K for the fiscal year ended July 31, 2023 with the Securities and Exchange Commission on September 29, 2023. Investors can request a hard copy of this filing free of charge and obtain more information about the partnership online at www.ferrellgas.com.

Forward-Looking Statements

Statements in this release concerning expectations for the future are forward-looking statements. A variety of known and unknown risks, uncertainties and other factors could cause results, performance, and expectations to differ materially from anticipated results, performance, and expectations. These risks, uncertainties, and other factors include those discussed in the Annual Report on Form 10-K of Ferrellgas Partners, L.P., Ferrellgas, L.P., Ferrellgas Partners Finance Corp., and Ferrellgas Finance Corp. for the fiscal year ended July 31, 2023, and in other documents filed from time to time by these entities with the Securities and Exchange Commission.

Contacts

Investor Relations – InvestorRelations@ferrellgas.com

FERRELLGAS PARTNERS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except unit data)

(unaudited)


ASSETS	October 31, 2023		July 31, 2023

Current assets:
Cash and cash equivalents (including $10,789 and $11,126 of restricted cash at October 31, 2023 and July 31, 2023, respectively)	$	76,783	$	137,347
Accounts and notes receivable, net		150,504		159,379
Inventories		105,829		98,104
Price risk management asset		6,465		11,966
Prepaid expenses and other current assets		43,025		29,135
Total current assets		382,606		435,931

Property, plant and equipment, net		616,212		615,174
Goodwill, net		257,006		257,006
Intangible assets (net of accumulated amortization of $351,971 and $349,614 at October 31, 2023 and July 31, 2023, respectively)		104,257		106,615
Operating lease right-of-use assets		55,609		57,839
Other assets, net		56,408		58,838
Total assets	$	1,472,098	$	1,531,403


LIABILITIES, MEZZANINE AND EQUITY (DEFICIT)

Current liabilities:
Accounts payable	$	45,918	$	35,115
Current portion of long-term debt		2,597		2,597
Current operating lease liabilities		24,954		24,600
Other current liabilities		175,241		197,030
Total current liabilities		248,710		259,342

Long-term debt		1,456,368		1,456,184
Operating lease liabilities		31,804		34,235
Other liabilities		26,378		29,084

Contingencies and commitments

Mezzanine equity:
Senior preferred units, net of issue discount and offering costs (700,000 units outstanding at October 31, 2023 and July 31, 2023)		651,349		651,349

Equity (Deficit):
Limited partner unitholders
Class A (4,857,605 Units outstanding at October 31, 2023 and July 31, 2023)		(1,237,866)		(1,205,103)
Class B (1,300,000 Units outstanding at October 31, 2023 and July 31,2023)		383,012		383,012
General partner Unitholder (49,496 Units outstanding at October 31, 2023 and July 31, 2023)		(70,897)		(70,566)
Accumulated other comprehensive (loss) income		(9,125)		1,059
Total Ferrellgas Partners, L.P. deficit		(934,876)		(891,598)
Noncontrolling interest		(7,635)		(7,193)
Total deficit		(942,511)		(898,791)
Total liabilities, mezzanine and deficit	$	1,472,098	$	1,531,403

FERRELLGAS PARTNERS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per unit data)

(unaudited)


	Three months ended				Twelve months ended
	October 31,				October 31,
	2023		2022		2023		2022
Revenues:
Propane and other gas liquids sales	$	338,934	$	385,844	$	1,869,982	$	2,031,019
Other		32,079		27,445		114,207		102,304
Total revenues		371,013		413,289		1,984,189		2,133,323

Cost of sales:
Propane and other gas liquids sales		172,180		213,081		962,456		1,166,547
Other		4,441		4,776		15,578		13,675

Gross profit		194,392		195,432		1,006,155		953,101

Operating expense - personnel, vehicle, plant & other		144,646		129,740		592,426		533,231
Operating expense - equipment lease expense		5,376		6,024		22,604		23,428
Depreciation and amortization expense		24,404		22,631		95,143		92,233
General and administrative expense		12,825		14,833		68,730		55,038
Non-cash employee stock ownership plan compensation charge		720		723		2,932		2,984
Loss (gain) on asset sales and disposals		1,335		1,680		5,346		(6,348)

Operating income		5,086		19,801		218,974		252,535

Interest expense		(24,161)		(25,009)		(96,864)		(99,707)
Other income, net		1,336		469		3,492		1,038

(Loss) earnings before income tax expense		(17,739)		(4,739)		125,602		153,866

Income tax expense		162		18		1,125		903

Net (loss) earnings		(17,901)		(4,757)		124,477		152,963

Net (loss) earnings attributable to noncontrolling interest⁽¹⁾		(345)		(212)		607		909

Net (loss) earnings attributable to Ferrellgas Partners, L.P.	$	(17,556)	$	(4,545)	$	123,870	$	152,054

Class A unitholders' interest in net loss	$	(33,632)	$	(20,751)	$	(2,710)	$	(13,996)

Net loss per unitholders' interest
Basic and diluted net loss per Class A Unit	$	(6.92)	$	(4.27)	$	(0.56)	$	(2.88)
Weighted average Class A Units outstanding - basic and diluted		4,858		4,858		4,858		4,858

(1)	Amounts allocated to the general partner for its 1.0101% interest (excluding the economic interest attributable to the preferred unitholders) in the operating partnership, Ferrellgas, L.P.

Supplemental Data and Reconciliation of Non-GAAP Items:


	Three months ended				Twelve months ended
	October 31,				October 31,
	2023		2022		2023		2022
Net (loss) earnings attributable to Ferrellgas Partners, L.P.	$	(17,556)	$	(4,545)	$	123,870	$	152,054
Income tax expense		162		18		1,125		903
Interest expense		24,161		25,009		96,864		99,707
Depreciation and amortization expense		24,404		22,631		95,143		92,233
EBITDA		31,171		43,113		317,002		344,897
Non-cash employee stock ownership plan compensation charge		720		723		2,932		2,984
Loss (gain) loss on asset sales and disposal		1,335		1,680		5,346		(6,348)
Other income, net		(1,336)		(469)		(3,492)		(1,038)
Severance costs include $49 in operating expense and $585 in general and administrative expense for the twelve months ended October 31, 2023, respectively.		—		10		634		372
Legal fees and settlements related to non-core businesses		1,054		4,872		17,933		10,679
Business transformation costs ⁽¹⁾		274		—		2,362		—
Net (loss) earnings attributable to noncontrolling interest ⁽²⁾		(345)		(212)		607		909
Adjusted EBITDA ⁽³⁾		32,873		49,717		343,324		352,455
Net cash interest expense⁽⁴⁾		(20,747)		(22,606)		(84,836)		(102,853)
Maintenance capital expenditures⁽⁵⁾		(4,530)		(5,832)		(18,867)		(19,272)
Cash paid for income taxes		(103)		(49)		(1,146)		(1,067)
Proceeds from certain asset sales		480		752		1,880		4,224
Distributable cash flow attributable to equity investors⁽⁶⁾		7,973		21,982		240,355		233,487
Less: Distributions accrued or paid to preferred unitholders		16,251		17,966		62,599		65,908
Distributable cash flow attributable to general partner and non-controlling interest		(159)		(440)		(4,806)		(4,671)
Distributable cash flow attributable to Class A and B Unitholders ⁽⁷⁾		(8,437)		3,576		172,950		162,908
Less: Distributions paid to Class A and B Unitholders ⁽⁸⁾		—		—		49,998		99,996
Distributable cash flow (shortage) excess ⁽⁹⁾	$	(8,437)	$	3,576	$	122,952	$	62,912

Propane gallons sales
Retail - Sales to End Users		114,440		118,396		598,187		626,887
Wholesale - Sales to Resellers		47,765		43,869		209,786		206,330
Total propane gallons sales		162,205		162,265		807,973		833,217

(1)	Non-recurring costs included in “Operating, general and administrative expense” primarily related to the implementation of an ERP system as part of our business transformation initiatives.

(2)	Amounts allocated to the general partner for its 1.0101% interest (excluding the economic interest attributable to the preferred unitholders) in the operating partnership, Ferrellgas, L.P.

(3)

Adjusted EBITDA is calculated as net (loss) earnings attributable to Ferrellgas Partners, L.P., plus the sum of the following: income tax expense, interest expense, depreciation and amortization expense, non-cash employee stock ownership plan compensation charge, loss (gain) on asset sales and disposals, other income, net, severance costs, legal fees and settlements related to non-core businesses, business transformation costs, and net (loss) earnings attributable to noncontrolling interest. Management believes the presentation of this measure is relevant and useful because it allows investors to view the partnership's performance in a manner similar to the method management uses, adjusted for items management believes make it easier to compare its results with other companies that have different financing and capital structures. Adjusted EBITDA, as management defines it, may not be comparable to similarly titled measurements used by other companies. Items added into our calculation of Adjusted EBITDA that will not occur on a continuing basis may have associated cash payments. Adjusted EBITDA should be viewed in conjunction with measurements that are computed in accordance with GAAP.

(4)	Net cash interest expense is the sum of interest expense less non-cash interest expense and other income, net.

(5)	Maintenance capital expenditures include capitalized expenditures for betterment and replacement of property, plant and equipment, and may from time to time include the purchase of assets that are typically leased.

(6)

Distributable cash flow attributable to equity investors is calculated as Adjusted EBITDA minus net cash interest expense, maintenance capital expenditures and cash paid for income taxes plus proceeds from certain asset sales. Management considers distributable cash flow attributable to equity investors a meaningful measure of the partnership’s ability to declare and pay quarterly distributions to equity investors, including holders of the operating partnership’s Preferred Units. Distributable cash flow attributable to equity investors, as management defines it, may not be comparable to similarly titled measurements used by other companies. Items added into our calculation of distributable cash flow attributable to equity investors that will not occur on a continuing basis may have associated cash payments. Distributable cash flow attributable to equity investors should be viewed in conjunction with measurements that are computed in accordance with GAAP.

(7)

Distributable cash flow attributable to Class A and B Unitholders is calculated as Distributable cash flow attributable to equity investors minus distributions accrued or paid on the Preferred Units and distributable cash flow attributable to general partner and noncontrolling interest. Management considers distributable cash flow attributable to Class A and B Unitholders a meaningful measure of the partnership’s ability to declare and pay quarterly distributions to Class A and B Unitholders. Distributable cash flow attributable to Class A and B Unitholders, as management defines it, may not be comparable to similarly titled measurements used by other companies. Items added to our calculation of distributable cash flow attributable to Class A and B Unitholders that will not occur on a continuing basis may have associated cash payments. Distributable cash flow attributable to Class A and B Unitholders should be viewed in conjunction with measurements that are computed in accordance with GAAP.

(8)	The Company did not pay any distributions to Class A Unitholders during any of the periods in fiscal 2024 or fiscal 2023.

(9)

Distributable cash flow (shortage) excess is calculated as Distributable cash flow attributable to Class A and B Unitholders minus Distributions paid to Class A and B Unitholders. Distributable cash flow excess, if any, is retained to establish reserves, to reduce debt, to fund capital expenditures and for other partnership purposes, and any shortage is funded from previously established reserves, cash on hand or borrowings under our Credit Facility. Management considers Distributable cash flow (shortage) excess a meaningful measure of the partnership’s ability to effectuate those purposes. Distributable cash flow (shortage) excess, as management defines it, may not be comparable to similarly titled measurements used by other companies. Items added into our calculation of distributable cash flow (shortage) excess that will not occur on a continuing basis may have associated cash payments. Distributable cash flow (shortage) excess should be viewed in conjunction with measurements that are computed in accordance with GAAP.

Document and Entity Information	Dec. 08, 2023
Document Information [Line Items]
Document Type	8-K
Document Period End Date	Dec. 08, 2023
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
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	N/A
No Trading Symbol Flag	true
Entity Emerging Growth Company	false
Entity Central Index Key	0000922358
Amendment Flag	false
Ferrellgas Partners Finance Corp. [Member]
Document Information [Line Items]
Document Type	8-K
Document Period End Date	Dec. 08, 2023
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 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
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0001012493
Amendment Flag	false
Ferrellgas, L.P. [Member]
Document Information [Line Items]
Document Type	8-K
Document Period End Date	Dec. 08, 2023
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 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
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0000922359
Amendment Flag	false
Ferrellgas Finance Corp. [Member]
Document Information [Line Items]
Document Type	8-K
Document Period End Date	Dec. 08, 2023
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 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
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0000922360
Amendment Flag	false