For the year ended July 31,

2025

2024

2023

(in thousands, except per unit amounts)

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

$

(15,566)

$

110,216

$

136,881

Less: Distributions to preferred unitholders

64,068

64,778

64,314

Less: Distributions to Class B unitholders

—

99,996

49,998

Less: Allocation of undistributed net earnings to Class B units

—

11,030

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

(155)

1,102

1,368

Undistributed net (loss) earnings attributable to Class A unitholders

$

(79,479)

$

(55,660)

$

10,171

Weighted average Class A Units outstanding (in thousands)

4,857.6

Basic and diluted net (loss) earnings per Class A Unit

$

(16.36)

$

(11.46)

$

2.09