Ferrellgas Q4 Loss Narrows - Quick Facts

(RTTNews) - Ferrellgas Partners LP (FGP), a distributor of propane, Thursday reported a narrower loss for the fourth quarter, reflecting increase in revenues. For the three-month period, the company reported net loss of $28.5 million or $0.36 per share, compared with a loss of $35.1 million or $0.45 per share during the same quarter last year.

On average, six analysts polled by Thomson Reuters expected loss per share of $0.31 for the quarter. Analysts' estimates typically exclude one-time items. EBITDA or Earnings Before Interest, Taxes, Depreciation, and Amortization was $13.2 million, compared with $7.6 million a year ago. Adjusted EBITDA rose 44 percent to $26 million, the company said.

Quarterly revenues were $350.6 million, an increase from prior year's $341.7 million. Analysts expected the company to generate revenues of $349.88 million for the fourth quarter. Propane gallon sales rose 3.6 percent to 156.3 million, Ferrellgas reported.

Looking forward, President and CEO Steve Wambold stated: "While it is too early to provide specific guidance for the new fiscal year, we believe that fiscal 2013 demonstrated the impact that executing our strategy can make in a near-normal weather and commodity price environment. Under similar conditions, we would expect to sustain a similar financial performance. Moreover, we hope that our growth strategy will allow us to build upon these results in the years to come."