Warmer weather contributed to a 33.3 percent drop in earnings at Overland Park-based Ferrellgas Partners L.P., the propane and energy services company said Thursday.
Ferrellgas said it earned $38.1 million in November, December and January, which make up the second quarter of its fiscal year. A year ago, the company earned $57.1 million in the same months.
Revenues fell nearly 11 percent to $579.3 million in the quarter compared with a year earlier.
“Weather for the second fiscal quarter was 4 percent colder than last year but a stunning 14 percent warmer than normal,” James E. Ferrell, the company’s interim CEO, said in an announcement.
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Ferrell assumed the interim role after the resignation of Stephen Wambold in September.