LIBERTY, Mo. (GLOBE NEWSWIRE) — Ferrellgas Partners, L.P. (OTC: FGPR), is a renowned name and the country’s top leading propane distributor. Ferrellgas Partners announced the date that it would become a member of the National Propane Gas Association (NPGA) and take the next big step towards its progress. For a fact, the Washington, D.C.-based trade association promotes over 2,400 firms in the propane sector of the United States, which is a fairly large number.
In the progression of the events that followed James E. Ferrell, Chief Executive Officer and chairman of the board. made a public statement, that followed the wording: “This is the ideal time for Ferrellgas to contribute its expertise to our industry group,”. Adding more to his prior statement he said “Ferrellgas, like the NPGA, is focused on expansion.”
The statement by James received a positive response when Stephen Kaminski, President and CEO of the NPGA consented to it. He further explained his response by stating that they are more than delighted that Ferrellgas has reengaged with the NPGA and the state and regional propane gas associations.
The entire dialogue exchange proved to be fruitful and followed a positive course of action. The Chief Operating Officer of Ferrellgas, Tamria Zertuche added that they too are extremely delighted to help the NPGA in its efforts to raise knowledge of the availability of green, accessible, cheap, and efficient propane.
As part of the company’s membership, several employee-owners will join the NPGA’s committees and councils, including the Audit, Governmental Affairs, Propane PAC Steering, Propane Supply & Logistics, and Technology, Standards & Safety Committees, as well as the Cylinder Exchange and Women in Propane Councils and the Executive Board. This large influx will be time-consuming without a doubt. However, it is arranged to bear bigger benefits in the longer run.
The decision was of such significant importance that Kaminski addressed the significance of Ferrellgas by highlighting how Ferrellgas is an essential component of the propane sector. In addition, the presence of Ferrellgas in the NPGA strengthens it manyfold. Finally, concluding the remarks by stating that they are excited to finally have the opportunity of collaborating with them.
As aforementioned Ferrellgas plays a crucial role in the propane industry. However, tracing back to its roots, Ferrellgas Partners, L.P. serves the purpose of supplying propane to consumers in all of the 50 states, including the District of Columbia, and Puerto Rico with the joint ventures of, Ferrellgas, L.P., and subsidiaries.
In addition, their Blue Rhino exchange trademark is offered at 60,000 outlets across the country. Through an employee stock ownership scheme, Ferrellgas employees indirectly possess 1.1 million common units in the partnership. On October 15, 2021, Ferrellgas Partners, L.P. submitted a Form 10-K with the Securities and Exchange Commission. Shareholders can acquire a free hard copy of this filing and more information about the partnership by visiting Ferrellgas.com. Blue Rhino’s website may be found at BlueRhino.com.
Given that Ferrellgas “joining” the NPGA is somewhat a significant event in the course of history. Therefore, the original identity of the NPGA is quite apparent, a large body that promotes those involved in the industry. The NPGA represents all segments of the propane business. The National Propane Gas Organization (NPGA) has been the national trade association that represents the propane sector in the United States. The NPGA has roughly 2,400 members from all 50 states, 36 allied state or regional associations, and members from 19 international countries. The NPGA membership includes companies involved in the retail marketing of propane gas, propane producers/wholesalers, propane equipment manufacturers and distributors, and service providers of various sorts.
