Ferrellgas receives credit rating upgrades amid propane market reporting
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Ferrellgas received credit rating upgrades from S&P Global and Moody's. The company also reported financial results for fiscal 2026, noting that its fourth quarter Adjusted EBITDA grew 3% to $23.8 million. Ferrellgas bases its average propane prices on market standards established in Mont Belvieu.
From finanznachrichten.de
Why it matters
The upgrades occurred as Ferrellgas refinanced a portion of its balance sheet and simplified its equity structure. The company stated it entered fiscal 2027 with a stronger balance sheet, despite navigating a softer wholesale demand environment.
From finanznachrichten.de
Who's involved
- FerrellgasAmerican supplier of propane that reported financial results and received credit rating upgrades.
- Mont BelvieuMarket location whose standards Ferrellgas uses to set average propane prices.
- S&P GlobalAmerican corporation that provided credit rating upgrades to Ferrellgas.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- FerrellgasSpeculative
Ferrellgas might benefit from lower costs of funding due to the improved credit rating.
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The entities involved
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Ferrellgas
American supplier of propane
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Mont Belvieu
city in Chambers and Liberty counties in Texas, United States
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S&P Global
American publicly traded corporation, formerly McGraw Hill Financial, Inc