Reported retail propane revenue and gallons, stock watch

March 12, 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 March 2019 focuses on annual and quarterly retail propane revenue and gallons for the MLPs AmeriGas, Ferrellgas and Suburban Propane.

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

PROPANE MARKET METRICS

LAST REPORTED ANNUAL RESULTS
Company Retail Propane Revenue ($Millions) Retail Propane Gallons (Million Gallons) Gross Margin Per Gallon ($Cents per Gallon) EBITDA Per Gallon ($Cents per Gallon)
AmeriGas – APU 2,509.8 1,086.6 141.5 32.5
Ferrellgas – FGP 1,116.0 647.3 82.9 22.4
Suburban Propane – SPH 1,152.6 439.0 172.3 42.3
Total/Average 4,778.4 2,172.9 130.3 31.5

 

LAST REPORTED QUARTERLY RESULTS
Company Retail Propane Revenue ($Millions) Retail Propane Gallons (Million Gallons) Gross Margin Per Gallon ($Cents per Gallon) EBITDA Per Gallon ($Cents per Gallon)
AmeriGas – APU 721.9 310.3 153.3 36.5
Ferrellgas – FGP 217.8 129.7 88.6 9.5
Suburban Propane – SPH 321.4 124.0 179.7 54.0
Total/Average 1,261.0 564.0 144.2 34.1

*Per-gallon metrics are based on total retail gallons sold and results for the company’s propane segment only.
– ICF Advisory Services

STOCK WATCH

Company 12-month chart (as of February ’19) Price (2/19/19) Current Yield 52-Week Low 52-Week High YTD Price
Performance
AmeriGas – APU $29.53 12.8% $22.75 $43.92 16.7%
Ferrellgas – FGP 1.38 0.0% 0.53 4.13 157.9%
Suburban Propane – SPH 22.04 10.8% 18.63 25.16 14.4%

Source: Company data, FactSet and Wells Fargo Securities LLC

*Featured image: iStock.com/monsitj

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