August 2019: Business propane consumption, stock watch

August 5, 2019 By    

Each month, ICF provides LP Gas with updates on the U.S. propane market, as well as the latest trends. The data for August 2019 focuses on business propane consumption.

Stock information for AmeriGas, Ferrellgas and Suburban Propane also is provided.

PROPANE MARKET METRICS

NUMBER OF BUSINESSES THAT USE PROPANE
U.S. Total Midwest Northeast South West
Only businesses that use propane 715,083 178,482 141,658 286,296 108,647
All businesses 9,667,077 1,828,775 1,354,657 3,789,506 2,694,139
Propane market share by number of businesses 7.40% 9.76% 10.46% 7.55% 4.03%

The percentage of businesses that use propane is above the total U.S. average in the Northeast, whereas the West posts a below-average percentage of propane use.


Source: EIA Commercial Buildings Energy Consumption Survey Data/2018


STOCK WATCH

Company 12-month chart (as of July ’19) Price (7/18/19) Current Yield 52-Week Low 52-Week High YTD Price
Performance
AmeriGas – APU APU stock $34.44 11.0% $22.75 $43.79 36.1%
Ferrellgas – FGP FGP stock 0.92 0.0% 0.53 3.61 72.3%
Suburban Propane – SPH SPH stock 23.76 10.1% 18.63 24.63 23.3%

Source: Company data, FactSet and Wells Fargo Securities LLC

*Featured image: iStock.com/monsitj

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