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Quarterly Data (Unaudited)
 12 Months Ended
Jul. 31, 2017
Quarterly Data
Quarterly data (unaudited)
 
The following summarized unaudited quarterly data includes all adjustments (consisting only of normal recurring adjustments, with the exception of those items indicated below), which Ferrellgas considers necessary for a fair presentation. Due to the seasonality of the propane distribution business, first and fourth quarter Revenues, gross margin from propane and other gas liquids sales, Net earnings (loss) attributable to Ferrellgas Partners and common unitholders’ interest in net earnings (loss) are consistently less than the second and third quarter results. Other factors affecting the results of operations include competitive conditions, demand for product, timing of acquisitions, variations in the weather and fluctuations in propane prices. The sum of basic and diluted net earnings (loss) per common unitholders’ interest by quarter may not equal the basic and diluted net earnings (loss) per common unitholders’ interest for the year due to variations in the weighted average units outstanding used in computing such amounts.
For the year ended July 31, 2017
 
First quarter
 
Second quarter
 
Third quarter
 
Fourth quarter
Revenues
 
$
379,542

 
$
579,250

 
$
538,109

 
$
433,376

Gross margin from propane and other gas liquids sales (a)
 
123,187

 
202,346

 
171,950

 
126,774

Gross margin from midstream operations (b)
 
13,402

 
9,763

 
7,909

 
6,190

Net earnings (loss)
 
(43,471
)
 
38,528

 
6,691

 
(56,249
)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.
 
(43,073
)
 
38,098

 
6,536

 
(55,768
)
Common unitholders’ interest in net earnings (loss)
 
(42,642
)
 
37,717

 
6,470

 
(55,210
)
 
 
 
 
 
 
 
 
 
Basic and diluted net earnings (loss) per common unitholders’ interest
 
$
(0.44
)
 
$
0.39

 
$
0.07

 
$
(0.57
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the year ended July 31, 2016
 
First quarter
 
Second quarter
 
Third quarter
 
Fourth quarter
Revenues
 
$
471,146

 
$
649,238

 
$
509,472

 
$
409,511

Gross margin from propane and other gas liquids sales (a)
 
123,550

 
202,027

 
186,668

 
125,690

Gross margin from midstream operations (b)
 
40,066

 
39,890

 
33,572

 
40,476

Net earnings (loss) (c)
 
(80,566
)
 
57,755

 
18,918

 
(668,142
)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.
 
(79,793
)
 
57,127

 
18,685

 
(661,434
)
Common unitholders’ interest in net earnings (loss)
 
(78,995
)
 
56,556

 
18,498

 
(654,820
)
 
 
 
 
 
 
 
 
 
Basic and diluted net earnings (loss) per common unitholders’ interest
 
$
(0.79
)
 
$
0.58

 
$
0.19

 
$
(6.68
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the year ended July 31, 2015
 
First quarter
 
Second quarter
 
Third quarter
 
Fourth quarter
Revenues
 
$
443,355

 
$
665,973

 
$
532,551

 
$
382,511

Gross margin from propane and other gas liquids sales (a)
 
129,547

 
230,175

 
191,983

 
128,087

Gross margin from midstream operations (b)
 
5,948

 
4,934

 
3,416

 
16,301

Net earnings (loss)
 
(33,169
)
 
86,371

 
36,220

 
(59,333
)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.
 
(32,875
)
 
85,458

 
35,812

 
(58,775
)
Common unitholders’ interest in net earnings (loss)
 
(32,546
)
 
84,603

 
35,454

 
(58,187
)
 
 

 

 

 

Basic and diluted net earnings (loss) per common unitholders’ interest
 
$
(0.40
)
 
$
0.89

 
$
0.43

 
$
(0.64
)
 
(a)
Gross margin from “Propane and other gas liquids sales” represents “Revenues - propane and other gas liquids sales” less “Cost of sales – propane and other gas liquids sales.”
(b)
Gross margin from "Midstream operations" represents "Revenues - midstream operations" less "Cost of sales - midstream operations."
(c)
Includes asset impairment charges of $29.3 million and $628.8 million in the first and fourth quarters of fiscal 2016, respectively.
Ferrellgas, L.P. [Member]  
Quarterly Data
Quarterly data (unaudited)
 
The following summarized unaudited quarterly data includes all adjustments (consisting only of normal recurring adjustments, with the exception of those items indicated below), which Ferrellgas, L.P. considers necessary for a fair presentation. Due to the seasonality of the propane distribution business, first and fourth quarter Revenues, gross margin from propane and other gas liquids sales and Net earnings are consistently less than the second and third quarter results. Other factors affecting the results of operations include competitive conditions, demand for product, timing of acquisitions, variations in the weather and fluctuations in propane prices.
For the year ended July 31, 2017
 
First quarter
 
Second quarter
 
Third quarter
 
Fourth quarter
Revenues
 
$
379,542

 
$
579,250

 
$
538,109

 
$
433,376

Gross margin from propane and other gas liquids sales (a)
 
123,187

 
202,346

 
171,950

 
126,774

Gross margin from midstream operations (b)
 
13,402

 
9,763

 
7,909

 
6,190

Net earnings (loss)
 
$
(39,440
)
 
$
42,600

 
$
15,395

 
$
(47,614
)
 
 
 
 
 
 
 
 
 
For the year ended July 31, 2016
 
First quarter
 
Second quarter
 
Third quarter
 
Fourth quarter
Revenues
 
$
471,146

 
$
649,238

 
$
509,472

 
$
409,511

Gross margin from propane and other gas liquids sales (a)
 
123,550

 
202,027

 
186,668

 
125,690

Gross margin from midstream operations (b)
 
40,066

 
39,890

 
33,572

 
40,476

Net earnings (loss) (c)
 
$
(76,536
)
 
$
62,187

 
$
23,049

 
$
(664,091
)
 
 
 
 
 
 
 
 
 
For the year ended July 31, 2015
 
First quarter
 
Second quarter
 
Third quarter
 
Fourth quarter
Revenues
 
$
443,355

 
$
665,973

 
$
532,551

 
$
382,511

Gross margin from propane and other gas liquids sales (a)
 
129,547

 
230,175

 
191,983

 
128,087

Gross margin from midstream operations (b)
 
5,948

 
4,934

 
3,416

 
16,301

Net earnings (loss)
 
$
(29,137
)
 
$
90,409

 
$
40,404

 
$
(55,249
)
(a)
Gross margin from “Propane and other gas liquids sales” represents “Revenues - propane and other gas liquids sales” less “Cost of sales – propane and other gas liquids sales.”
(b)
Gross margin from "Midstream operations" represents "Revenues - midstream operations" less "Cost of sales - midstream operations."
(c)
Includes asset impairment charges of $29.3 million and $628.8 million in the first and fourth quarters of fiscal 2016, respectively.