Ferrellgas Partners LP posted its first profitable fiscal year since 2015 after completing a prepackaged Chapter 11 bankruptcy restructuring.
The Liberty-based propane company (OTC: FGPR) reported net earnings of $148.86 million for its 2022 fiscal year, which ended July 31. Last year, Ferrellgas lost $69.1 million.
Before completing the restructuring in May 2021, Ferrellgas faced serious financial problems, mainly stemming from the $837.5 million acquisition of Bridger Logistics in 2015. Ferrellgas…Ferrellgas restructuring helps company reap annual profit for first time in 7 years
Ferrellgas Partners LP posted its first profitable fiscal year since 2015 after completing a prepackaged Chapter 11 bankruptcy restructuring.
The Liberty-based propane company (OTC: FGPR) reported net earnings of $148.86 million for its 2022 fiscal year, which ended July 31. Last year, Ferrellgas lost $69.1 million.
Before completing the restructuring in May 2021, Ferrellgas faced serious financial problems, mainly stemming from the $837.5 million acquisition of Bridger Logistics in 2015. Ferrellgas…
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