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November 2019 Market Watch: Residential propane use and market share, stock watch

November 6, 2019 By    

Each month, ICF provides LP Gas with updates on the U.S. propane market, as well as the latest trends. The data for November 2019 focuses on the number of residential households with propane as the primary heating fuel, as well as propane’s market share in residential households.

Stock information for Ferrellgas and Suburban Propane is also provided.

PROPANE MARKET METRICS

2018 Residential Propane Use for Primary Space Heating Fuel

Region Residential Households with Propane for Primary Heating Fuel Propane’s Market Share in Residential Households
Northeast 958,109 4.46%
South 1,774,645 3.88%
Midwest 2,103,252 7.81%
West 949,081 3.47%
U.S. TOTAL 5,785,087 4.76%

 

2017-18 Change in Residential
Propane Use for Primary Space Heating Fuel

Region 2017-18 Change in Residential Households with Propane for Primary Heating Fuel 2017-18 Change in Propane’s Market Share in Residential Households
Northeast 25,971 0.07%
South 9,502 -0.02%
Midwest 87,529 0.25%
West 32,965 0.07%
U.S. TOTAL 155,967 0.07%

Source: ICF

The Midwest boasts the highest number of residential households that use propane as a primary heating fuel.

STOCK WATCH

Company 12-month chart
(as of October ’19)		 Price (10/17/19) Current Yield 52-Week Low 52-Week High YTD Price
Performance
Ferrellgas – FGP Image: LP Gas 0.69 0.0% 0.53 1.92 (29.0%)
Suburban Propane – SPH Image: LP Gas 23.24 10.3% 18.63 24.89 (20.6%)

Source: Company data, FactSet and Wells Fargo Securities LLC

*Featured photo: iStock.com/monsitj

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