# Ferrellgas's distributable cash flow excess fell to $3.19 million from $139.94 million

![Ferrellgas's distributable cash flow excess fell to $3.19 million from $139.94 million](https://aiswingx.com/static/covers/fgpr-fy2026_cover.jpg?v=1790554697)

**Fiscal 2026 10-K: the distributable cash flow excess the company calculates and discloses itself fell to 2.3% of the prior year in one year**

Ferrellgas Partners (FGPR) reports distributable cash flow excess of $3.190 million for fiscal 2026. The same figure a year earlier was $139.943 million. All amounts in the 10-K are presented in thousands.

- 종목: FGPR (Ferrellgas Partners L.P.)
- 분기: FY2026 · 10-K
- 작성: 2026-09-28 00:18 UTC · 업데이트: 2026-09-28 04:47 UTC
- 원문: https://aiswingx.com/p/fgpr-fy2026

## 숫자 하나
Fiscal 2026 distributable cash flow excess of $3.190 million, 2.3% of the $139.943 million a year earlier. Partners' capital is −$1,121.279 million, $100.647 million deeper over the year, and total borrowings of $1,477.9 million exceed total assets of $1,364.773 million.

## 비유 하나
(구독자 전용)

## 출처 하나
Ferrellgas Partners L.P. Form 10-K (fiscal 2026, filed 2026-09-25, accession 0001104659-26-110592): consolidated statements of operations, consolidated balance sheets, consolidated statements of cash flows, Note H on preferred units, Note S on net loss per unitholders' interest, and the distributable cash flow, cash distributions and indenture covenant discussions in MD&A. The 10-K presents all amounts in thousands; figures here are converted to dollars. Annual figures cross-checked against SEC XBRL Company Facts.

## 다음 분기에 볼 것
(구독자 전용)

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## What happened

Ferrellgas Partners (FGPR) distributes and delivers propane across the United States and is organised as a partnership. Its fiscal 2026 year ended on July 31, 2026, and the 10-K was filed on September 25, 2026. **All amounts in the 10-K are presented in thousands; figures here are converted to dollars.**

One line the company calculates and discloses itself.

| Item | FY2026 | FY2025 |
|---|---|---|
| Distributable cash flow to equity investors | $179.131 million | $208.175 million |
| **Distributable cash flow excess** | **$3.190 million** | **$139.943 million** |
| Against the prior year | **2.3%** | |

The company defines distributable cash flow excess as distributable cash flow attributable to Class A and B unitholders less distributions paid to them, and states that any excess is retained to establish reserves, reduce debt and fund capital expenditure, while any shortfall is funded from previously established reserves, cash on hand or borrowings under its credit facility.

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## FAQ

**Q. What is distributable cash flow excess?**

It is a measure the company itself calculates and discloses — distributable cash flow attributable to equity investors less the distributions actually paid. The company states that any excess is retained and any shortfall is funded from reserves, cash on hand or borrowings.

**Q. Why did the excess fall?**

The company states that it paid a final cash distribution on the Class B Units on March 13, 2026. The per-unit and aggregate amounts are in the subscriber section.

**Q. What does negative capital mean?**

This is a partnership, and partners' capital on the balance sheet is a large negative number. Total assets, borrowings and capital are set side by side in the free table above.

**Q. How large are the preferred distributions?**

A fixed distribution goes to preferred unitholders first. Two years of amounts and the share of distributable cash flow they take are in the subscriber section.

**Q. Where can I verify this directly?**

Open Ferrellgas Partners L.P.'s fiscal 2026 Form 10-K (accession 0001104659-26-110592) on SEC EDGAR and read the balance sheet, Note H on preferred units, and the distributable cash flow table in MD&A.