August 2019: Business 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 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.

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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		$34.44	11.0%	$22.75	$43.79	36.1%
Ferrellgas – FGP		0.92	0.0%	0.53	3.61	72.3%
Suburban Propane – SPH		23.76	10.1%	18.63	24.63	23.3%

Source: Company data, FactSet and Wells Fargo Securities LLC

*Featured image: iStock.com/monsitj