April 2019: Retail propane consumption, stock watch
Each month, ICF provides LP Gas with updates on the U.S. propane market, as well as the latest trends. The data for April 2019 focuses on annual retail propane consumption.
Stock information for AmeriGas, Ferrellgas and Suburban Propane also is provided.
PROPANE MARKET METRICS
| HISTORICAL AND ICF FORECAST | ||||
|---|---|---|---|---|
| Category | 2018 (Million Gallons) | 2019 (Million Gallons) | Annual Year-on-Year Change (%) | |
| Retail Propane Consumption – Residential | 4,455 | 4,540 | 1.9% | |
| Retail Propane Consumption – Non-Residential | 3,917 | 3,976 | 1.5% | |
| Retail Propane Consumption – Total | 8,372 | 8,516 | 1.7% | |
– ICF Advisory Services
STOCK WATCH
| Company | 12-month chart (as of March ’19) | Price (3/15/19) | Current Yield | 52-Week Low | 52-Week High | YTD Price Performance |
|---|---|---|---|---|---|---|
| AmeriGas – APU |  |
$28.84 | 13.2% | $22.75 | $43.79 | 14.0% |
| Ferrellgas – FGP |  |
1.35 | 0.0% | 0.53 | 3.99 | 152.3% |
| Suburban Propane – SPH |  |
22.75 | 10.5% | 18.63 | 24.57 | 18.1% |
Source: Company data, FactSet and Wells Fargo Securities LLC
*Featured image: iStock.com/traffic_analyzer
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