| Business Summary | | Ferrellgas
Partners,
L.P.
conducts
its
activities
primarily
through
its
subsidiary,
Ferrellgas,
L.P.,
which
was
formed
to
acquire,
own
and
operate
the
propane
business
and
assets
of
Ferrellgas,
Inc.
Ferrellgas
Partners
and
Ferrellgas,
L.P.
(the
Partnership)
are
engaged
in
the
sale,
distribution
and
marketing
of
propane
and
other
natural
gas
liquids.
Ferrellgas,
L.P.
accounts
for
nearly
all
of
Ferrellgas
Partner's
consolidated
assets,
sales
and
operating
earnings,
except
for
interest
expense
related
to
$160
million
of
9
3/8%
Senior
Secured
Notes
issued
by
Ferrellgas
Partners
in
April
1996
and
a
related
interest
rate
swap
agreement
entered
into
in
April
2000.
Ferrellgas
Partners
is
the
sole
limited
partner
of
Ferrellgas,
L.P.
with
a
99%
limited
partner
interest. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FGP
is
engaged
in
the
sale,
distribution,
marketing
and
trading
of
propane
and
other
natural
gas
liquids.
For
the
nine
months
ended
4/30/01,
revenues
rose
63%
to
$1.31
billion.
Net
income
applicable
to
Common
unitholders
totalled
$92.5
million,
up
from
$36.4
million.
Revenues
reflect
an
increased
average
sales
price
per
gallon
and
increased
retail
sales
volumes.
Net
income
also
reflects
a
higher
gross
profit
due
to
operating
efficiencies
as
a
result
of
the
acquisition. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Ferrell, 61 Chairman,
Pres, CEO | -- | Kevin Kelly, 35 CFO,
Sr. VP, Treasurer | $244K | Patrick Chesterman, 50 COO,
Exec. VP | 428K | Boyd McGathey, 41 Sr.
Vice P resident, Corp. Admin. and Chief Information | 239K | James Hake, 40 Sr.
VP, Corp. Devel. | 267K | Dollar amounts are as of 31-July-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|