October 2019: Internal combustion demand, stock watch

October 14, 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 October 2019 focuses on U.S. internal combustion demand.

Stock information for AmeriGas, Ferrellgas and Suburban Propane also is provided.

INTERNAL COMBUSTION DEMAND

U.S. Total

Million Gallons 2018 2019 (est.) 2020 (est.)
Internal Combustion 460 463 475
IC – Forklift 372 363 357
IC – Autogas & Other 89 100 118
Active LPG Stations 707 729 753

 

U.S. Regions

Internal Combustion/Million Gallons 2018 2019 (est.) 2020 (est.)
Northeast 46 46 50
Midwest 153 153 155
South 177 179 180
West 85 85 90

Source: ICF


STOCK WATCH

Company 12-month chart (as of September ’19) Price (9/18/19) Current Yield 52-Week Low 52-Week High YTD Price
Performance
AmeriGas – APU APU stock $31.22 12.2% $22.75 $41.00 23.4%
Ferrellgas – FGP FGP stock 1.03 0.0% 0.53 2.95 92.5%
Suburban Propane – SPH SPH stock 23.76 10.1% 18.63 24.89 23.3%

Source: Company data, FactSet and Wells Fargo Securities LLC. Note: APU’s last day of trading was Aug. 21, 2019 (acquired by its parent company, UGI Corp.)


**Featured image: Photo: iStock.com/Easyturn

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