Derivative instruments and hedging activities (Tables)

3 Months Ended

Oct. 31, 2023

Schedule of fair value of financial derivatives balance sheet locations

	Final	October 31, 2023
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2024
Commodity derivatives-propane		Price risk management asset	$	6,465	Other current liabilities	$	15,257
Commodity derivatives-propane		Other assets, net		48	Other liabilities		461
		Total	$	6,513	Total	$	15,718

	Final	July 31, 2023
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2024
Commodity derivatives-propane		Price risk management asset	$	11,966	Other current liabilities	$	9,554
Commodity derivatives-propane		Other assets, net		199	Other liabilities		1,528
		Total	$	12,165	Total	$	11,082

Schedule of offsetting assets and liabilities

	October 31, 2023
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	13,918	Other current liabilities	$	2,424
	Other assets, net		789	Other liabilities		12
	Total	$	14,707	Total	$	2,436

	July 31, 2023
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	11,939	Other current liabilities	$	6,972
	Other assets, net		1,965	Other liabilities		—
	Total	$	13,904	Total	$	6,972

Schedule of cash flow hedge derivative effect on comprehensive income

	For the three months ended October 31, 2023
				Amount of Loss
	Amount of Loss		Location of Loss	Reclassified from
	Recognized in		Reclassified from	AOCI into Income
Derivative Instrument	AOCI		AOCI into Income	Effective portion		Ineffective portion
Commodity derivatives	$	(13,472)	Cost of sales - propane and other gas liquids sales	$	(3,184)	$	—

	For the three months ended October 31, 2022
				Amount of Gain
	Amount of Loss		Location of Gain	Reclassified from
	Recognized in		Reclassified from	AOCI into Income
Derivative Instrument	AOCI		AOCI into Income	Effective portion		Ineffective portion
Commodity derivatives	$	(36,185)	Cost of sales - propane and other gas liquids sales	$	12,788	$	—

Schedule of changes in derivatives included in accumulated other comprehensive income

	For the three months ended October 31,
Gains and losses on derivatives included in AOCI	2023		2022
Beginning balance	$	1,083	$	38,307
Change in value of risk management commodity derivatives		(13,472)		(36,185)
Reclassification of losses (gains) on commodity hedges to cost of sales - propane and other gas liquids sales, net		3,184		(12,788)
Ending balance	$	(9,205)	$	(10,666)

Ferrellgas, L.P

Schedule of changes in derivatives included in accumulated other comprehensive income

	For the three months ended October 31,
Gains and losses on derivatives included in AOCI	2023		2022
Beginning balance attributable to Ferrellgas Partners, L.P.	$	1,059	$	37,907
Change in value of risk management commodity derivatives		(13,472)		(36,185)
Reclassification of losses (gains) on commodity hedges to cost of sales - propane and other gas liquids sales, net		3,184		(12,788)
Less: amount attributable to noncontrolling interests		104		495
Ending balance attributable to Ferrellgas Partners, L.P.	$	(9,125)	$	(10,571)