Ferrellgas Partners, L.P. (FGPR) stands as a publicly traded Master Limited Partnership in the energy sector. Committed to ethical operations and transparent practices, Ferrellgas focuses on building strategic partnerships and delivering robust results for its stakeholders. This dedication has established them as a noteworthy entity in the market, providing a sense of security for investors and partners alike.
Headquartered in Liberty, Missouri, Ferrellgas Partners began its journey as a publicly listed company on June 28, 1994, through an Initial Public Offering. As of April 30, 2021, the partnership comprised 4,857,605 units, with a significant portion, 1,138,812 units, indirectly owned by employees through an Employee Stock Ownership Plan. Currently, Ferrellgas Partners Lp Stock is traded on the OTC Pink market under the ticker symbol FGPR.
For investors seeking detailed insights, Ferrellgas provides readily accessible information. You can delve into their financial performance through SEC filings, stay updated with the latest company news via press releases, monitor the real-time stock price movements, and learn about the leadership team guiding the company. These resources offer a comprehensive understanding of Ferrellgas Partners’ operations and financial health.
Understanding Ferrellgas Partners LP Distribution Policy
It’s important for potential investors to note Ferrellgas Partners’ distribution policy. As of the quarter ending October 31, 2018, Ferrellgas has made the decision to suspend cash distributions to common unitholders. This policy change is a crucial factor for investors to consider when evaluating Ferrellgas Partners LP stock and its potential returns.
Navigating Tax Information for Ferrellgas Partners Investors
For tax purposes, Ferrellgas Partners, L.P. operates as a partnership, meaning unitholders are considered partners. This structure implies that Ferrellgas itself is generally not subject to federal or state income tax. Instead, investors directly report their share of the partnership’s income, gains, losses, deductions, or credits on their individual tax returns.
Annually in March, investors receive Schedule K-1 tax packages. These packages summarize their allocated share of Ferrellgas’ reportable tax items, which are essential for accurate tax reporting. It’s worth noting that cash distributions received throughout the year are generally not reported as taxable income; the Schedule K-1 remains the primary document for tax reporting. Investors can access their Schedule K-1 through dedicated websites based on their unit class: Class A unitholders can visit www.taxpackagesupport.com/Ferrellgas, and Class B unitholders can use www.taxpackagesupport.com/Ferrellgas_ClassB.
Ferrellgas emphasizes the importance of individual investor responsibility in understanding the tax and legal implications of their investment in Ferrellgas Partners, L.P. Consulting with a personal tax advisor is highly recommended to navigate these aspects effectively.
Qualified Tax Notices for Foreign Investors
Ferrellgas Partners also provides specific qualified tax notices for foreign investors, in compliance with IRS regulations. These notices pertain to distributions made to foreign investors, which are considered effectively connected income with a United States trade or business. Consequently, these distributions are subject to federal tax withholding. Relevant notices are publicly available on the Ferrellgas website for a ten-year period, ensuring transparency and accessibility for foreign investors.
Corporate Governance at Ferrellgas Partners
Investors interested in the operational framework of Ferrellgas Partners can access information on Corporate Governance. The company provides links to relevant documents in PDF format, requiring Adobe Reader to view. This section underscores Ferrellgas’ commitment to transparency and provides stakeholders with insights into the company’s governance practices.
In conclusion, Ferrellgas Partners, L.P. offers a comprehensive investor information platform. While the suspension of cash distributions is a key consideration, the readily available financial data, tax information, and corporate governance documents empower investors to make informed decisions regarding Ferrellgas Partners LP stock and its role in their investment portfolios.
