LP Gas, July 2014

News Briefs INDUSTRY NEWS NUMBERS D avid Lugar vice president of supply and logistics at AmeriGas Propane was sworn in as the next chairman of the board of the National Propane Gas Association during the mid year meeting last month in Washington D C The meeting came ahead of Propane Days the industrys annual lobbying event In his initial speech as chairman Lugar said his primary goal is to support and encourage the work already under way to correct the propane supply and distribution problems that hampered the industry last winter I didnt have to develop a lot of missions for my year Lugar said In addition to Lugar who replaced Gary France as chairman three other 2014 15 officers were sworn in Charlie Ory chairmanelect of Aero Propane Stuart Weidie vice chairman of Blossman Gas and Jerry Brick treasurer of North Star Energy LPG Ferrellgas acquires Kansas retailer Ferrellgas Partners LP acquired Kaw Valley Propane the propane arm of Kaw Valley Electric Cooperative based in Topeka Kan Terms of the transaction were not disclosed Kaw Valley is Ferrellgas fifth retail propane acquisition in its fiscal year which began Aug 1 2013 Crystal Flash boosts portfolio in Michigan Crystal Flash purchased the home heating division from the Brenner Oil Group marking its eighth acquisition since 2012 The deal adds 10 employees and a new location in Muskegon Mich to Crystal Flashs portfolio Nearly 2500 Brenner customers were added through the acquisition Landscape pro invests in propane mowers Stay Green Inc a California based landscape contractor purchased 35 John Deere propane powered ride on mowers as part of a 300000 initiative to promote the companys efforts related to sustainability and environmental stewardship John Deere dealers Stotz Equipment and Cal Coast Machinery provided the equipment Renaldo expands reach into western states Independent Utility Supply was named a sup New NPGA officers installed at mid year board of directors meeting in Washington lugar from left Gary france outgoing NpGa chairman swears in stuart weidie david lugar charlie ory and Jerry Brick as the associations 2014 15 officers propaNe master limited partNership comparisoN Fiscal Recent Total Units Year Quarter Price Current Current Est Tax Debt Outstanding Company End End 6 16 14 Distribution Yield Deferral Capital millions AmeriGas APU Sept March 4515 352 78 75 59 929 Ferrellgas FGP July April 2796 200 72 90 108 812 NGL Energy Partners NGL March March 4498 221 49 80 52 747 Suburban Propane SPH Sept March 4623 350 76 80 51 603 Average 69 67 last twelve moNths Gross Gross Gross Proft Gross Proft Retail Gallons Sold Percent Gross Proft Company Revenue Proft Margin Per employee millions Change Per gallon AmeriGas 3381 1404 42 165118 1279 5 101 Ferrellgas 1979 614 31 169483 653 2 065 NGL Energy Partners 2021 229 11 91519 162 12 017 Suburban Propane 1591 767 48 195052 542 12 142 Average 33 155293 8 081 Source FactSet partnership reports and Wells Fargo Securities LLC Dollar ögures in millions except for per unit data Revenue and gross proöt data are based on total propane gallons sold Employee data is based on most recently completed öscal year NGLs revenue and gross proöt data include the sale of distillates and other natural gas liquids Sharon Lui analyst Wells Fargo Securities LLC 8 LPGas July 2014 www LPGasmagazine com