Derivative instruments and hedging activities (Tables)

9 Months Ended

Apr. 30, 2024

Schedule of fair value of financial derivatives balance sheet locations

	Final	April 30, 2024
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2025
Commodity derivatives-propane		Price risk management asset	$	5,398	Other current liabilities	$	4,166
Commodity derivatives-propane		Other assets, net		233	Other liabilities		423
		Total	$	5,631	Total	$	4,589

	Final	July 31, 2023
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2024
Commodity derivatives-propane		Price risk management asset	$	11,966	Other current liabilities	$	9,554
Commodity derivatives-propane		Other assets, net		199	Other liabilities		1,528
		Total	$	12,165	Total	$	11,082

Schedule of offsetting assets and liabilities

	April 30, 2024
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	4,633	Other current liabilities	$	4,867
	Other assets, net		1,225	Other liabilities		502
	Total	$	5,858	Total	$	5,369

	July 31, 2023
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	11,939	Other current liabilities	$	6,972
	Other assets, net		1,965	Other liabilities		—
	Total	$	13,904	Total	$	6,972

Schedule of cash flow hedge derivative effect on comprehensive income

	For the three months ended April 30, 2024
				Amount of Gain
	Amount of Loss		Location of Gain	Reclassified from
	Recognized in		Reclassified from	AOCI into Income
Derivative Instrument	AOCI		AOCI into Income	Effective portion		Ineffective portion
Commodity derivatives	$	(1,180)	Cost of sales - propane and other gas liquids sales	$	5,179	$	—

	For the three months ended April 30, 2023
				Amount of Loss
	Amount of Loss		Location of Loss	Reclassified from
	Recognized in		Reclassified from	AOCI into Income
Derivative Instrument	AOCI		AOCI into Income	Effective portion		Ineffective portion
Commodity derivatives	$	(10,621)	Cost of sales - propane and other gas liquids sales	$	(13,450)	$	—

	For the nine months ended April 30, 2024
				Amount of Loss
	Amount of Loss		Location of Loss	Reclassified from
	Recognized in		Reclassified from	AOCI into Income
Derivative Instrument	AOCI		AOCI into Income	Effective portion		Ineffective portion
Commodity derivatives	$	(116)	Cost of sales - propane and other gas liquids sales	$	(75)	$	—

	For the nine months ended April 30, 2023
				Amount of Loss
	Amount of Loss		Location of Loss	Reclassified from
	Recognized in		Reclassified from	AOCI into Income
Derivative Instrument	AOCI		AOCI into Income	Effective portion		Ineffective portion
Commodity derivatives	$	(53,044)	Cost of sales - propane and other gas liquids sales	$	(7,378)	$	—

Schedule of changes in derivatives included in accumulated other comprehensive income

	For the nine months ended April 30,
Gains and losses on derivatives included in AOCI	2024		2023
Beginning balance	$	1,083	$	38,307
Change in value of risk management commodity derivatives		(116)		(53,044)
Reclassification of losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		75		7,378
Ending balance	$	1,042	$	(7,359)

Ferrellgas, L.P.

Schedule of changes in derivatives included in accumulated other comprehensive income

	For the nine months ended April 30,
Gains and losses on derivatives included in AOCI	2024		2023
Beginning balance attributable to Ferrellgas Partners, L.P.	$	1,059	$	37,907
Change in value of risk management commodity derivatives		(116)		(53,044)
Reclassification of losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		75		7,378
Less: amount attributable to noncontrolling interests		—		(461)
Ending balance attributable to Ferrellgas Partners, L.P.	$	1,018	$	(7,298)