Ferrellgas Partners LP on Wednesday reported higher first-quarter revenue but a larger net loss.
The Overland Park-based propane supplier said revenue climbed to $443.4 million for the three months ending Oct. 31, up from $415 million in the same period a year earlier.
The net loss for the quarter was $33.2 million, compared with a net loss of $25.1 million in the year-earlier quarter. Ferrellgas said its gross quarterly profit grew 8 percent in the quarter to a record $154.7 million.
Steve Wambold, the company’s president and CEO, said the first-quarter results met expectations.
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“November, the start of our second quarter, also looks to be in line with our expectations, as seasonably cold temperatures boosted the demand for propane consumption,” Wambold said.
| The Star