December 2020: Top 10 states for energy production

Each month, LP Gas provides updates on the U.S. propane market, as well as the latest trends. The data for December 2020 focuses on energy production by state. This month’s data comes from the U.S. Energy Information Administration.

Stock information for Ferrellgas and Suburban Propane is also provided.

PROPANE MARKET METRICS

Chart: U.S. Energy Information Administration

Texas produces the most energy of any state due to its expansive crude oil industry. It also produces the most natural gas of any state, but Pennsylvania is also responsible for a sizeable portion. Since 2010, Colorado rose to become the seventh largest energy-producing state in 2018 due to increased production of natural gas and crude oil, according to the U.S. Energy Information Administration.

STOCK WATCH

Company	12-month chart (as of November ’20)	Price (11/23/20)	Current Yield	52-Week Low	52-Week High	YTD Price Performance
Ferrellgas – FGP		$0.32	0.0%	0.14	0.71	(5.0%)
Suburban Propane – SPH		16.14	7.5%	8.64	22.97	(26.1%)

Source: Company data, FactSet and Wells Fargo Securities LLC

Note: Ferrellgas delisted from the New York Stock Exchange in January and now trades on the OTC Markets.

Featured image: iStock.com/Nikada