Transactions with related parties

12 Months Ended

Jul. 31, 2025

Transactions with related parties

Transactions with related parties

O.        Transactions with related parties

Ferrellgas has no employees and is managed and controlled by its general partner. Pursuant to Ferrellgas’ partnership agreements, the general partner is entitled to reimbursement for all direct and indirect expenses incurred or payments it makes on behalf of Ferrellgas and all other necessary or appropriate expenses allocable to Ferrellgas or otherwise reasonably incurred by its general partner in connection with operating Ferrellgas’ business. These costs primarily include compensation and benefits paid to employees of the general partner who perform services on Ferrellgas’ behalf and are reported in the consolidated statements of operations as follows:

	For the year ended July 31,
	2025		2024		2023
Operating expense	$	310,002	$	316,056	$	310,652
General and administrative expense	$	46,598	$	35,386	$	32,168

See additional discussions about transactions with the general partner and related parties in Note J “Equity (Deficit).”

Issuance of letters of credit on behalf of Ferrellgas Partners by the operating partnership

As of July 31, 2025, as described in Note H “Debt,” the Operating partnership guaranteed the issuance of a $37.5 million letter of credit related to a final settlement payment due on or before January 15, 2026. See Note P “Contingencies and commitments,” for additional information.