FGPR — what changed in the latest 10-Q
A section-by-section comparison of FGPR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-06-05 vs the prior 10-Q · 2026-03-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +48 | −55 | ~31 | 80 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~4 | 6 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-06-05
During the three months ended April 30, 2026 and 2025, we recognized net earnings attributable to Ferrellgas Partners, L.P. of $28.0 million and $59.1 million, respectively. The $31.1 million decrease was primarily due to an increase of $29.0 million in “Operating expense – personnel, vehicle, plant…
Distributable cash flow attributable to equity investors decreased to $67.0 million for the three months ended April 30, 2026 compared to $85.6 million for the prior year period, primarily due to a decrease of $12.7 million in Adjusted EBITDA and an increase of $6.5 million in “Net cash interest exp…
We had a distributable cash flow shortage of $56.7 million during the three months ended April 30, 2026, compared to a distributable cash flow excess of $68.3 million during the three months ended April 30, 2025. This $125.0 million change was primarily due to the $107.0 million distribution to Clas…
During the nine months ended April 30, 2026 and 2025, we recognized net earnings attributable to Ferrellgas Partners, L.P. of $103.3 million and $11.3 million, respectively. The $92.0 million increase was primarily due to a $125.0 million legal accrual recorded in the prior year, which was partially…
Distributable cash flow attributable to equity investors was $192.6 million and $214.2 million for the nine months ended April 30, 2026 and 2025, respectively. The $21.6 million decrease was primarily due to a $15.5 million increase in “Net cash interest expense,” and a decrease of $10.1 million in …
Text removed vs the prior filing · source: 10-Q · 2026-03-05
On March 4, 2026, a cash distribution of $82.32 per Class B Unit, or approximately $107.0 million in the aggregate, was declared by the board of directors of the general partner. The distribution is payable on or about March 13, 2026, to Class B Unitholders of record as of the close of business on M…
During the three months ended January 31, 2026 and 2025, we recognized net earnings attributable to Ferrellgas Partners, L.P. of $102.2 million and $98.8 million, respectively. The $3.4 million increase was primarily due to an increase of $8.5 million in “Operating income,” which was partially offse…
Distributable cash flow attributable to equity investors increased to $126.2 million for the three months ended January 31, 2026 compared to $125.2 million for the prior year period, primarily due to an increase of $9.1 million in Adjusted EBITDA, which was partially offset by increases of $7.6 mill…
We had a distributable cash flow excess of $107.9 million and $106.5 million during the three months ended January 31, 2026 and 2025, respectively. This $1.4 million increase was primarily due to the $1.0 million increase in distributable cash flow attributable to equity investors noted above.
During the six months ended January 31, 2026, we recognized net earnings attributable to Ferrellgas Partners, L.P. of $75.3 million compared to a net loss attributable to Ferrellgas Partners, L.P. of $47.8 million during the six months ended January 31, 2025. The $123.1 million increase was primaril…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice