Thursday, October 11, 2012

Ferrellgas profit dips, sales drop - San Francisco Business Times:

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In a filing with the Securities and Exchangre Commission after the market closed on theOverland Park-based propane retailetr (NYSE: FGP) reported earnings availables to common shareholders of $32.5 million, or 48 centsw a share, for the quarter. This compares with earningsd of $34.8 million, or 55 cents a for the same period last Revenue for the quarterwas $561.1 million, down from $712.1 million last year. Ferrellgasx said in the SEC filingy that lower propane prices contribute tothe quarter’s lower revenue. The company said it sold 239.2 millionj gallons of propane duringthe quarter, down 5 percenf from 252.1 million gallons in the same quartefr last year.
Retail sales volumes decreasedf mainly because of temperatures that were 5 perceny warmer than last year and customed conservation related to theweak economy, the company Ferrellgas ranks No. 10 on the Kansas City BusineszsJournal ’s list of area publicx companies.

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