Ferrellgas Partners was founded by Alfred Carl Ferrell in 1939 as A.C. Ferrell Butane Gas Company.
The company sold floor furnaces and gas heaters from one store in Atchinson, Kansas and prospered during WWII and the years after.
The owner’s son, James Ferrell, took over the family business in 1965, renamed it Ferrellgas, expanded through acquisition, and established a wholesale operation.
Today Ferrellgas Partners is the second-largest propane retail marketer in the United States, selling 947 million gallons of propane in 2014. The company has 50 service centers, 864 retail distribution locations, and over 1 million industrial, commercial, and agricultural customers.
On December 30, 2019, the company de-listed its FGP symbol from the New York Stock Exchange and listed its public shares on the OTCQB exchange with the symbol FGPR. This change was necessitated because the average closing price of the company’s common stock over a consecutive 30-day trading period had remained less than $1.00, which is an NYSE listing requirement.
Ferrellgas Partners trades publicly on the New York Stock Exchange under the ticker symbol FGP, is #967 in the Fortune 1000, and had $1.68 billion in revenue in 2019.