Monitor for the formal conversion notice, which will significantly increase Class A unit count and potentially impact share price through dilution. The distribution represents a substantial return of capital to Class B holders.
Price Chart
Executive Summary
Ferrellgas Partners declared a $82.32 per unit cash distribution on its Class B Units, totaling approximately $107.0 million, triggering the ability to convert all 1.3 million Class B Units into Class A Units at a ratio of 1:5 upon payment. The distribution is payable March 13, 2026, to holders of record as of March 6, 2026.
Key Facts
- Declared cash distribution of $82.32 per Class B Unit, totaling ~$107.0 million
- Distribution triggers Class B Conversion Threshold, enabling conversion of Class B to Class A Units
- Board approved intent to convert all 1.3 million outstanding Class B Units into Class A Units at 1:5 ratio
- Conversion is not yet effective and requires written notice to unitholders
- Distribution payable March 13, 2026, to holders of record as of March 6, 2026
Financial Impact
$107.0 million cash distribution; potential conversion of 1.3 million Class B Units into 6.5 million Class A Units
Risk Factors
- Potential dilution to Class A unitholders upon conversion
- Cash outflow of $107 million may impact liquidity
- Conversion could alter capital structure and voting control
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-023525 |
| Document: 0001104659-26-023525-index-headers.html | 0001104659-26-023525 |
| Document: 0001104659-26-023525-index.html | 0001104659-26-023525 |
| Document: 0001104659-26-023525.txt | 0001104659-26-023525 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Mar 5, 2026 33w ago | 8-K | $25.47 $24.00 | ▼ −5.75% | ▼ −17.05% | $20.20 (−20.68%) |
Mar 4, 2026 33w ago | 8-K | $25.47 $24.00 | ▼ −5.75% | ▼ −17.05% | $20.20 (−20.68%) |
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