v3.26.3
Goodwill and intangible assets, net
12 Months Ended
Jul. 31, 2026
Goodwill and intangible assets, net  
Goodwill and intangible assets, net

F.        Goodwill and intangible assets, net

Goodwill and intangible assets, net consist of the following:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

July 31, 2026

​

July 31, 2025

​

  ​ ​ ​

Gross Carrying

  ​ ​ ​

Accumulated

  ​ ​ ​

​

​

  ​ ​ ​

Gross Carrying

  ​ ​ ​

Accumulated

  ​ ​ ​

​

​

​

​

Amount

​

Amortization

​

Net

​

Amount

​

Amortization

​

Net

Goodwill, net

​

$

257,155

​

$

—

​

$

257,155

​

$

257,155

​

$

—

​

$

257,155

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Intangible assets, net

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Amortized intangible assets

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Customer-related

​

$

392,963

​

$

(346,855)

​

$

46,108

​

$

392,963

​

$

(340,134)

​

$

52,829

Non-compete agreements

​

 

29,284

​

 

(27,216)

​

 

2,068

​

 

29,284

​

 

(26,683)

​

 

2,601

​

​

 

422,247

​

 

(374,071)

​

 

48,176

​

 

422,247

​

 

(366,817)

​

 

55,430

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Unamortized intangible assets

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Trade names & trademarks

​

 

51,021

​

 

—

​

 

51,021

​

 

51,021

​

 

—

​

 

51,021

Total intangible assets, net

​

$

473,268

​

$

(374,071)

​

$

99,197

​

$

473,268

​

$

(366,817)

​

$

106,451

​

The carrying amount of goodwill increased from $257.0 million as of July 31, 2024 to $257.2 million as of July 31, 2025. The increase of just over $0.1 million related to a fiscal 2025 acquisition. See Note C “Acquisitions and dispositions” for more information. There were no changes to goodwill in fiscal 2026.

Customer related intangible assets have estimated lives of 15 years and non-compete agreements and other intangible assets have estimated lives ranging from 5 to 10 years. Ferrellgas intends to utilize all acquired trademarks and trade names and does not believe there are any legal, regulatory, contractual, competitive, economical or other factors that would limit their useful lives. Therefore, trademarks and trade names have indefinite useful lives. Customer related intangibles carry a weighted average life of 15 years, and non-compete agreements and other intangibles carry a weighted average life of 9 years.

Aggregate amortization expense related to intangible assets, net:

​

​

​

​

​

For the year ended July 31, 

  ​ ​ ​

​

​

2026

​

$

7,254

2025

​

 

7,922

2024

​

 

9,281

​

Estimated amortization expense:

​

​

​

​

​

For the year ended July 31, 

  ​ ​ ​

​

​

2027

​

$

6,803

2028

​

 

6,351

2029

​

 

5,936

2030

​

 

4,659

2031

​

 

4,179

​