Ferrellgas Partners, L.P. (FGPR) is a publicly traded master limited partnership (MLP) operating in the propane distribution industry. This article provides an overview of Ferrellgas Partners Stock, including its financial performance, distribution policy, tax information, and corporate governance.
Understanding Ferrellgas Partners’ Business Model
Ferrellgas operates through strategic partnerships with various companies, aiming to deliver strong results while maintaining ethical and transparent business practices. Headquartered in Liberty, Missouri, the company went public on June 28, 1994. As of April 30, 2021, FGPR had 4,857,605 common units outstanding, with employees indirectly owning a significant portion through an Employee Stock Ownership Plan (ESOP). Ferrellgas Partners stock trades on the OTC Pink market under the ticker symbol FGPR.
Ferrellgas Partners Stock Performance and Financials
Investors interested in Ferrellgas Partners stock can access the company’s financial statements, including quarterly and annual reports, through the “SEC Filings” section of their investor relations website. These filings provide detailed information on the company’s revenue, expenses, profitability, and cash flow. Additionally, press releases offer updates on recent developments and corporate initiatives. The company’s investor relations website also features a dedicated section for tracking the current stock price of FGPR.
Distribution Policy for FGPR Stockholders
As of October 31, 2018, Ferrellgas suspended cash distributions to common unitholders. This decision significantly impacts the potential income stream for investors holding Ferrellgas Partners stock. It’s crucial for prospective investors to understand this aspect of the company’s current distribution policy. Information regarding any potential reinstatement of distributions should be monitored through the company’s official announcements and SEC filings.
Tax Implications of Investing in Ferrellgas Partners Stock
Ferrellgas is structured as a partnership for tax purposes. This structure means that unitholders are treated as partners and receive a Schedule K-1 tax form annually, outlining their share of the partnership’s income, gains, losses, deductions, and credits. Unitholders are responsible for reporting these items on their personal income tax returns. Consult a tax advisor for personalized guidance on the tax implications of investing in Ferrellgas Partners stock.
Ferrellgas Corporate Governance
Ferrellgas emphasizes transparency and ethical practices in its corporate governance. Details regarding the company’s board of directors, committee charters, and governance documents can be found on the investor relations website. These resources provide insights into the company’s leadership, oversight structure, and commitment to responsible corporate practices.
Qualified Tax Notices for Foreign Investors
Ferrellgas provides qualified tax notices in compliance with U.S. Treasury regulations. These notices inform foreign investors about the tax treatment of distributions, which are generally considered effectively connected income subject to U.S. federal withholding tax. Foreign investors should consult with a tax advisor to understand the specific implications of these regulations on their investment in Ferrellgas Partners stock.
Conclusion: Evaluating Ferrellgas Partners Stock
Investing in Ferrellgas Partners stock requires careful consideration of various factors, including the company’s financial performance, suspended distribution policy, tax implications, and corporate governance. Thorough due diligence and consultation with a financial advisor are recommended before making any investment decisions related to FGPR. Potential investors should closely monitor the company’s financial reports, press releases, and any announcements regarding changes in its business operations or distribution policy.
