February 2022: LIHEAP funding history

Each month, LP Gas provides updates on the U.S. propane market, as well as the latest trends. The data for February 2022 focuses on LIHEAP funding history.

Stock information for Ferrellgas and Suburban Propane is also provided.

PROPANE MARKET METRICS

Source: LIHEAP Clearinghouse

The federal Low Income Home Energy Assistance Program (LIHEAP) typically receives $3 billion to $4 billion and serves 5 million households. About $3.37 billion in funding was approved for Federal Fiscal Year (FFY) 2022, compared to $3.36 billion for FFY 2021. In May 2021, the Biden administration added another $4.5 billion in supplemental funding for FFY 2021 via the American Rescue Plan, a $1.9 trillion coronavirus stimulus package. The additional LIHEAP funds have been available to households this heating season.

STOCK WATCH

Company	12-month chart (as of January ’22)	Price (1/18/22)	Current Yield	52-Week Low	52-Week High	YTD Price Performance
Ferrellgas – FGPR		$17.00	N/A	10.00	25.34	15.7%
Suburban Propane – SPH		15.37	8.5%	13.83	16.45	4.9%

Source: Company data, FactSet and Wells Fargo Securities LLC (SPH); Yahoo Finance (FGPR)

Featured photo: MicroStockHub/iStock / Getty Images Plus/Getty Images