February 2020 Market Watch: Propane supply, gas plant production by source

February 3, 2020 By    

Each month, ICF provides LP Gas with updates on the U.S. propane market, as well as the latest trends. The data for February 2020 focuses on propane supply and gas plant production by source.

Stock information for Ferrellgas and Suburban Propane is also provided.

PROPANE MARKET METRICS

U.S. PROPANE SUPPLY BY SOURCE (MILLION GALLONS)
2017 2018 2019 Annual Change (2018-19)
Gas Plant Production 19,061 22,527 24,690 9.6%
Net Refinery Production 8,984 9,109 9,106 0.0%
Imports 1,675 1,692 1,645 -2.8%
U.S. TOTAL 29,719 33,328 35,440 6.3%

 

U.S. PROPANE GAS PLANT PRODUCTION BY SOURCE (MILLION GALLONS)
2017 2018 2019 Annual Change (2018-19)
Permian 3,855 5,602 6,532 16.6%
Marcellus/Utica 3,316 3,912 4,128 5.5%
Other Lower 48 11,890 13,014 14,031 7.8%
U.S. TOTAL 19,061 22,527 24,690 9.6%

Source: ICF

STOCK WATCH

Company 12-month chart (as of January ’20) Price (1/21/20) Current Yield 52-Week Low 52-Week High YTD Price
Performance
Ferrellgas – FGP Image: LP Gas $0.33 0.0% 0.20 1.87 (2.0%)
Suburban Propane – SPH Image: LP Gas 22.44 10.6% 21.13 24.89 2.7%

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: MicroStockHub/iStock / Getty Images Plus/Getty Images

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