For the year ended July 31,

2026

2025

2024

(in thousands, except per unit amounts)

Net earnings (loss) attributable to Ferrellgas Partners, L.P.

$

71,733

$

(15,566)

$

110,216

Less: Distributions to preferred unitholders

65,231

64,068

64,778

Less: Distributions to Class B unitholders

107,016

—

99,996

Less: General partner’s interest in net earnings (loss)

1,245

(155)

1,102

Undistributed net loss attributable to Class A unitholders

$

(101,759)

$

(79,479)

$

(55,660)

Weighted average Class A Units outstanding (in thousands)

7,322.5

4,857.6

Basic and diluted net loss per Class A Unit

$

(13.90)

$

(16.36)

$

(11.46)