Schedule I Parent Only Balance Sheets, Statements Of Operations And Cash Flows

12 Months Ended

Jul. 31, 2025

Schedule I Parent Only Statements

Parent only financial information

Schedule I

FERRELLGAS PARTNERS, L.P.
PARENT ONLY
BALANCE SHEETS
(in thousands, except unit data)

	July 31, 2025		July 31, 2024
ASSETS
Cash and cash equivalents	$	301	$	428
Prepaid expenses and other current assets		82		20
Total assets	$	383	$	448
LIABILITIES AND PARTNERS’ DEFICIT
Other current liabilities	$	592	$	125
Investment in Ferrellgas, L.P.		1,020,423		942,312
Partners’ deficit
Class A (4,857,605 units outstanding at 2025 and 2024)		(1,332,704)		(1,256,946)
Class B (1,300,000 units outstanding at 2025 and 2024)		383,012		383,012
General partner unitholder (49,496 units outstanding at 2025 and 2024)		(70,845)		(70,080)
Accumulated other comprehensive (loss) income		(95)		2,025
Total Ferrellgas Partners, L.P. partners’ deficit		(1,020,632)		(941,989)
Total liabilities and partners’ deficit	$	383	$	448

FERRELLGAS PARTNERS, L.P.

PARENT ONLY

STATEMENTS OF OPERATIONS

(in thousands)

	For the year ended July 31,
	2025		2024		2023
Equity in (loss) earnings of Ferrellgas, L.P.	$	(15,034)	$	109,957	$	136,838
Operating, general and administrative expense		(493)		(12)		(89)
Operating (loss) income		(15,527)		109,945		136,749
Other income, net		15		323		137
Income tax expense		(54)		(52)		(5)
Net (loss) earnings		(15,566)		110,216		136,881
Less: Distributions to Class B Unitholders		—		99,996		49,998
Net (loss) earnings attributable to Ferrellgas, L.P.	$	(15,566)	$	10,220	$	86,883

FERRELLGAS PARTNERS, L.P.

PARENT ONLY

STATEMENTS OF CASH FLOWS

(in thousands)

	For the year ended July 31,
	2025		2024		2023
Cash flows from operating activities:
Net (loss) earnings	$	(15,566)	$	110,216	$	136,881
Reconciliation of net (loss) earnings to net cash used in operating activities:
Other		405		63		(214)
Equity in loss (earnings) of Ferrellgas, L.P.		15,034		(109,957)		(136,838)
Net cash (used in) provided by operating activities		(127)		322		(171)
Cash flows from investing activities:
Distributions received from Ferrellgas, L.P.		—		100,000		50,000
Net cash provided by investing activities		—		100,000		50,000
Cash flows from financing activities:
Distributions paid to Class B unitholders		—		(99,996)		(49,998)
Net cash used in financing activities		—		(99,996)		(49,998)
Net (decrease) increase in cash and cash equivalents		(127)		326		(169)
Cash and cash equivalents - beginning of year		428		102		271
Cash and cash equivalents - end of year	$	301	$	428	$	102