FERRELLGAS PARTNERS L P 8-K

What Happened Ferrellgas Partners L.P. announced on March 16, 2026 that it delivered notice electing to convert each Class B Unit into Class A Units at the Class B Conversion Factor of 5.00, effective upon delivery of the notice. As a result, the conversion produced an aggregate issuance of 6,500,000 Class A Units. The Partnership engaged Computershare Inc. and Computershare Trust Company, N.A. as conversion agent, and posted the notice on its Investor Relations website.

Key Details

• Conversion date/notice delivered: March 16, 2026.
• Conversion factor: 5.00 Class A Units issued for each Class B Unit.
• Aggregate Class A Units issued upon conversion: 6,500,000.
• The Partnership’s public accounting firm determined the newly issued Class A Units are fully fungible and tradable pari passu with existing Class A Units.
• A copy of the notice is filed as Exhibit 99.1 to the Form 8‑K; the filing was signed by CEO Tamria A. Zertuche.

Why It Matters This filing documents a structural change in the Partnership’s unit mix: Class B holders received a cash distribution and then their Class B Units converted into Class A Units at a 5:1 ratio, increasing the total outstanding Class A Units by 6.5 million. Because the converted units are designated as fully fungible and tradable pari passu, they should trade on the same terms as previously outstanding Class A Units, which can affect public float and trading liquidity. Investors should review the posted notice and monitor subsequent trading and any related disclosures for impacts on unit count and ownership percentages.