Thursday, October 20, 2011

Ferrellgas profit dips, sales drop - San Antonio Business Journal:

uraa-quartely.blogspot.com
In a filing with the Securities and Exchange Commission afterd the market closed on theOverland Park-based propane retailer (NYSE: FGP) reportede earnings available to common shareholders of $32.54 million, or 48 cents a for the quarter. This compares with earning s of $34.8 million, or 55 cents a share, for the same period last year. Revenue for the quarter was $561.1 million, down from $712. million last year. Ferrellgas said in the SEC filing that lower propane prices contributed tothe quarter’s lower revenue. The company said it sold 239.2 millionn gallons of propane duringthe quarter, down 5 percent from 252.
1 millionh gallons in the same quarter last Retail sales volumes decreasedf mainly because of temperatures that were 5 percenyt warmer than last year and custome r conservation related to the weak economy, the compan said. Ferrellgas ranks No. 10 on the Kansa City Business Journal ’s list of area publif companies.

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