0001558370-21-016799 | 10-Q | XBRL Viewer

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Oct. 31, 2021	Nov. 30, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2021
Document Transition Report	false
Entity File Number	001-11331
Entity Registrant Name	Ferrellgas Partners L P
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	43-1698480
Entity Address, Address Line One	7500 College Boulevard
Entity Address, Address Line Two	Suite 1000
Entity Address, City or Town	Overland Park
Entity Address, State or Province	KS
Entity Address, Postal Zip Code	66210
City Area Code	913
Local Phone Number	661-1500
Title of 12(b) Security	N/A
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,857,605
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000922358
Amendment Flag	false
No Trading Symbol Flag	true
Ferrellgas Partners Finance Corp. [Member]
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	Oct. 31, 2021
Entity File Number	333-06693-02
Entity Registrant Name	Ferrellgas Partners Finance Corp
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	43-1742520
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001012493
Amendment Flag	false
Ferrellgas, L.P. [Member]
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	Oct. 31, 2021
Entity File Number	000-50182
Entity Registrant Name	Ferrellgas L P
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	43-1698481
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000922359
Amendment Flag	false
Ferrellgas Finance Corp. [Member]
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	Oct. 31, 2021
Entity File Number	000-50183
Entity Registrant Name	Ferrellgas Finance Corp
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	14-1866671
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000922360
Amendment Flag	false

Consolidated Balance Sheets - USD ($)	Oct. 31, 2021	Jul. 31, 2021
Current assets:
Cash and cash equivalents	$ 168,851,000	$ 281,952,000
Accounts and notes receivable, net	163,473,000	131,574,000
Inventories	131,280,000	88,379,000
Prepaid expenses and other current assets	59,600,000	39,092,000
Price risk management asset	129,389,000	78,001,000
Total current assets	652,593,000	618,998,000
Prepaid expenses and other current assets	59,600,000	39,092,000
Property, plant and equipment, net	585,993,000	582,118,000
Goodwill, net	251,065,000	246,946,000
Intangible assets (net of accumulated amortization of $434,166 and $432,032 at October 31, 2021 and July 31, 2021, respectively)	103,277,000	100,743,000
Operating lease, right-of-use assets	87,379,000	87,611,000
Other assets, net	96,318,000	93,228,000
Total assets	1,776,625,000	1,729,644,000
Current liabilities:
Accounts payable	80,233,000	47,913,000
Broker margin deposit liability	126,325,000	79,178,000
Current portion of long-term debt	2,079,000	1,670,000
Current operating lease liabilities	27,207,000	25,363,000
Other current liabilities	154,309,000	166,822,000
Total current liabilities	390,153,000	320,946,000
Long-term debt	1,446,895,000	1,444,890,000
Operating lease liabilities	72,117,000	74,349,000
Other liabilities	63,822,000	61,189,000
Contingencies and commitments
Mezzanine equity:
Senior preferred units, net of issue discount and offering costs (700,000 units outstanding at October 31, 2021 and July 31, 2021)	651,349,000	651,349,000
Partners' capital (deficit)
General partner unitholder	(72,426,000)	(72,178,000)
Accumulated other comprehensive income (loss)	138,679,000	88,866,000
Total Ferrellgas Partners, L.P. partners' deficit	(840,009,000)	(815,113,000)
Noncontrolling interest	(7,702,000)	(7,966,000)
Total partners' capital (deficit)	(847,711,000)	(823,079,000)
Total liabilities, mezzanine and partners' capital (deficit)	1,776,625,000	1,729,644,000
Class A Limited Partner Units
Partners' capital (deficit)
Limited partner unitholders	(1,239,276,000)	(1,214,813,000)
Class B Limited Partner Units
Partners' capital (deficit)
Limited partner unitholders	333,014,000	383,012,000
Ferrellgas Partners Finance Corp. [Member]
Current assets:
Cash and cash equivalents	1,000	1,000
Total assets	1,000	1,000
Current liabilities:
Contingencies and commitments
STOCKHOLDER'S EQUITY
Common stock, $1.00 par value; 2,000 shares authorized; 1,000 shares issued and outstanding	1,000	1,000
Additional paid in capital	39,486	39,486
Accumulated deficit	(39,486)	(39,486)
Total stockholder's equity	1,000	1,000
Ferrellgas, L.P. [Member]
Current assets:
Cash and cash equivalents	168,611,000	281,688,000
Accounts and notes receivable, net	163,473,000	131,574,000
Inventories	131,280,000	88,379,000
Prepaid expenses and other current assets	59,579,000	39,073,000
Price risk management asset	129,389,000	78,001,000
Total current assets	652,332,000	618,715,000
Prepaid expenses and other current assets	59,579,000	39,073,000
Property, plant and equipment, net	585,993,000	582,118,000
Goodwill, net	251,065,000	246,946,000
Intangible assets (net of accumulated amortization of $434,166 and $432,032 at October 31, 2021 and July 31, 2021, respectively)	103,277,000	100,743,000
Operating lease, right-of-use assets	87,379,000	87,611,000
Loan receivable - Ferrellgas Partners, L.P.	17,670,000	17,001,000
Other assets, net	96,318,000	93,228,000
Total assets	1,794,034,000	1,746,362,000
Current liabilities:
Accounts payable	80,233,000	47,913,000
Broker margin deposit liability	126,325,000	79,178,000
Current portion of long-term debt	2,079,000	1,670,000
Current operating lease liabilities	27,207,000	25,363,000
Other current liabilities	154,091,000	166,604,000
Total current liabilities	389,935,000	320,728,000
Long-term debt	1,446,895,000	1,444,890,000
Operating lease liabilities	72,117,000	74,349,000
Other liabilities	63,822,000	61,189,000
Mezzanine equity:
Senior preferred units, net of issue discount and offering costs (700,000 units outstanding at October 31, 2021 and July 31, 2021)	651,349,000	651,349,000
Partners' capital (deficit)
Limited partner unitholders	(961,061,000)	(887,043,000)
General partner unitholder	(9,131,000)	(8,886,000)
Accumulated other comprehensive income (loss)	140,108,000	89,786,000
Total Ferrellgas Partners, L.P. partners' deficit	(830,084,000)	(806,143,000)
Total partners' capital (deficit)	(830,084,000)	(806,143,000)
Total liabilities, mezzanine and partners' capital (deficit)	1,794,034,000	1,746,362,000
Ferrellgas Finance Corp. [Member]
Current assets:
Cash and cash equivalents	1,100	1,100
Total assets	1,100	1,100
Current liabilities:
Contingencies and commitments
STOCKHOLDER'S EQUITY
Common stock, $1.00 par value; 2,000 shares authorized; 1,000 shares issued and outstanding	1,000	1,000
Additional paid in capital	102,628	102,628
Accumulated deficit	(102,528)	(102,528)
Total stockholder's equity	$ 1,100	$ 1,100

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Restricted cash	$ 11,500	$ 11,500
Amortizable intangible assets, accumulated amortization	$ 434,166	$ 432,032
Senior preferred units, units outstanding	700,000	700,000
General partner unitholder, units outstanding	49,496	49,496
Class A Limited Partner Units
Limited partner unitholders, units outstanding	4,857,605	4,857,605
Class B Limited Partner Units
Limited partner unitholders, units outstanding	1,300,000	1,300,000
Ferrellgas Partners Finance Corp. [Member]
Common stock, par value	$ 1.00	$ 1.00
Common stock, shares authorized	2,000	2,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000
Ferrellgas, L.P. [Member]
Restricted cash	$ 11,500	$ 11,500
Amortizable intangible assets, accumulated amortization	$ 434,166	$ 432,032
Senior preferred units, units outstanding	700,000	700,000
Ferrellgas Finance Corp. [Member]
Common stock, par value	$ 1.00	$ 1.00
Common stock, shares authorized	2,000	2,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000

Consolidated Statements Of Operations - USD ($)	3 Months Ended
Consolidated Statements Of Operations - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Revenues:
Revenues	$ 394,506,000	$ 300,894,000
Costs and expenses:
Operating expense - personnel, vehicle, plant and other	117,112,000	109,027,000
Operating expense - equipment lease expense	5,690,000	6,830,000
Depreciation and amortization expense	20,295,000	21,390,000
General and administrative expense	12,575,000	13,080,000
Non-cash employee stock ownership plan compensation charge	909,000	708,000
Loss on asset sales and disposals	1,410,000	813,000
Operating income	12,367,000	7,752,000
Interest expense	(25,395,000)	(54,226,000)
Other income (expense), net	4,264,000	108,000
Earnings (loss) before income taxes	(8,764,000)	(46,366,000)
Income tax expense (benefit)	96,000	87,000
Net earnings (loss)	(8,860,000)	(46,453,000)
Net loss attributable to noncontrolling interest	(254,000)	(391,000)
Net earnings (loss)	(8,606,000)	(46,062,000)
Distribution to preferred unitholders	17,005,000
Less: General partner's interest in net earnings (loss)	(86,000)	(461,000)
Limited partner unitholders' interest in net earnings (loss)	$ (25,525,000)	$ (45,601,000)
Basic and diluted net earnings (loss) per limited partner unit	$ (5.25)	$ (9.39)
Propane [Member]
Revenues:
Revenues	$ 372,704,000	$ 281,049,000
Costs and expenses:
Cost of sales	220,538,000	137,627,000
Other Revenues
Revenues:
Revenues	21,802,000	19,845,000
Costs and expenses:
Cost of sales	3,610,000	3,667,000
Ferrellgas Partners Finance Corp. [Member]
Costs and expenses:
General and administrative expense		1,924
Net earnings (loss)		(1,924)
Ferrellgas, L.P. [Member]
Revenues:
Revenues	394,506,000	300,894,000
Costs and expenses:
Operating expense - personnel, vehicle, plant and other	117,112,000	109,027,000
Operating expense - equipment lease expense	5,690,000	6,830,000
Depreciation and amortization expense	20,295,000	21,390,000
General and administrative expense	12,575,000	13,076,000
Non-cash employee stock ownership plan compensation charge	909,000	708,000
Loss on asset sales and disposals	1,410,000	813,000
Operating income	12,367,000	7,756,000
Interest expense	(25,395,000)	(46,528,000)
Other income (expense), net	4,957,000	108,000
Earnings (loss) before income taxes	(8,071,000)	(38,664,000)
Income tax expense (benefit)	96,000	87,000
Net earnings (loss)	(8,167,000)	(38,751,000)
Ferrellgas, L.P. [Member] \| Propane [Member]
Revenues:
Revenues	372,704,000	281,049,000
Costs and expenses:
Cost of sales	220,538,000	137,627,000
Ferrellgas, L.P. [Member] \| Other Revenues
Revenues:
Revenues	21,802,000	19,845,000
Costs and expenses:
Cost of sales	$ 3,610,000	3,667,000
Ferrellgas Finance Corp. [Member]
Costs and expenses:
General and administrative expense		1,553
Net earnings (loss)		$ (1,553)

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Comprehensive income (loss):
Net income (loss)	$ (8,860)	$ (46,453)
Other comprehensive income (loss):
Change in value on risk management derivatives	72,932	5,767
Reclassification of (gains) losses on derivatives to earnings, net	(22,610)	2,150
Other comprehensive income (loss)	50,322	7,917
Comprehensive loss	41,462	(38,536)
Less: comprehensive income (loss) attributable to noncontrolling interest	(509)	(311)
Comprehensive income (loss) attributable to Ferrellgas Partners, LP	41,971	(38,225)
Ferrellgas, L.P. [Member]
Comprehensive income (loss):
Net income (loss)	(8,167)	(38,751)
Other comprehensive income (loss):
Change in value on risk management derivatives	72,932	5,767
Reclassification of (gains) losses on derivatives to earnings, net	(22,610)	2,150
Other comprehensive income (loss)	50,322	7,917
Comprehensive income (loss) attributable to Ferrellgas Partners, LP	$ 42,155	$ (30,834)

Consolidated Statements Of Partners' Capital - USD ($)	Ferrellgas, L.P. [Member] Limited Partner Unitholders	Ferrellgas, L.P. [Member] General Partner [Member]	Ferrellgas, L.P. [Member] Accumulated Other Comprehensive Income (Loss)	Ferrellgas, L.P. [Member]	Limited Partner Unitholders Class A Limited Partner Units	Limited Partner Unitholders Class B Limited Partner Units	General Partner [Member]	Accumulated Other Comprehensive Income (Loss)	Parent [Member]	Non-Controlling Interest [Member]	Total
Partners' capital balance (in shares) at Jul. 31, 2020					4,857,600		49,500
Partners' capital balance, beginning at Jul. 31, 2020	$ (821,462,000)	$ (8,216,000)	$ (2,313,000)	$ (831,991,000)	$ (1,126,452,000)		$ (71,287,000)	$ (2,303,000)	$ (1,200,042,000)	$ (8,226,000)	$ (1,208,268,000)
Increase (Decrease) in Partners' Capital [Roll Forward]
Contributions in connection with non-cash ESOP compensation charges	701,000	7,000.0		708,000	694,000		7,000		701,000	7,000	708,000
Contributions from partners							14,000.0
Net income (loss)	(38,360,000)	(391,000)		(38,751,000)	(45,601,000)		(461,000)		(46,062,000)	(391,000)	(46,453,000)
Other comprehensive income (loss)			7,917,000	7,917,000				7,837,000	7,837,000	80,000	7,917,000
Partners' capital balance, ending at Oct. 31, 2020	(859,121,000)	(8,600,000)	5,604,000	(862,117,000)	$ (1,171,359,000)		$ (71,741,000)	5,534,000	(1,237,566,000)	(8,530,000)	(1,246,096,000)
Partners' capital balance (in shares) at Oct. 31, 2020					4,857,600		49,500
Partners' capital balance (in shares) at Jul. 31, 2021					4,857,600	1,300,000.0	49,500
Partners' capital balance, beginning at Jul. 31, 2021	(887,043,000)	(8,886,000)	89,786,000	(806,143,000)	$ (1,214,813,000)	$ 383,012,000	$ (72,178,000)	88,866,000	(815,113,000)	(7,966,000)	(823,079,000)
Increase (Decrease) in Partners' Capital [Roll Forward]
Contributions in connection with non-cash ESOP compensation charges	900,000	9,000		909,000	892,000		8,000		900,000	9,000	909,000
Distributions	(50,000,000)			(50,000,000)		(49,998,000)			(49,998,000)		(49,998,000)
Contributions from partners							17,000.0
Net earnings allocated to preferred units	17,005,000			17,005,000	(16,835,000)		(170,000)		(17,005,000)		(17,005,000)
Net income (loss)	(7,913,000)	(254,000)		(8,167,000)	(8,520,000)		(86,000)		(8,606,000)	(254,000)	(8,860,000)
Other comprehensive income (loss)			50,322,000	50,322,000				49,813,000	49,813,000	509,000	50,322,000
Partners' capital balance, ending at Oct. 31, 2021	$ (961,061,000)	$ (9,131,000)	$ 140,108,000	$ (830,084,000)	$ (1,239,276,000)	$ 333,014,000	$ (72,426,000)	$ 138,679,000	$ (840,009,000)	$ (7,702,000)	$ (847,711,000)
Partners' capital balance (in shares) at Oct. 31, 2021					4,857,600	1,300,000.0	49,500

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Consolidated Statements Of Cash Flows - USD ($)	3 Months Ended
Consolidated Statements Of Cash Flows - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Cash flows from operating activities:
Net income (loss)	$ (8,860,000)	$ (46,453,000)
Reconciliation of net loss to net cash provided by operating activities:
Depreciation and amortization expense	20,295,000	21,390,000
Non-cash employee stock ownership plan compensation charge	909,000	708,000
Loss on asset sales and disposals	1,410,000	813,000
Provision for expected credit losses	640,000	678,000
Deferred income tax expense (benefit)	3,000	(1,000)
Other	1,901,000	2,346,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable, net of securitization	(32,539,000)	(18,728,000)
Inventories	(42,901,000)	(6,316,000)
Prepaid expenses and other current assets	(20,507,000)	(334,000)
Accounts payable	32,119,000	10,479,000
Accrued interest expense	(20,627,000)	14,827,000
Other current liabilities	52,376,000	6,154,000
Other assets and liabilities	520,000	2,946,000
Net cash provided by operating activities	(15,261,000)	(11,491,000)
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(9,758,000)
Capital expenditures	(20,440,000)	(19,454,000)
Proceeds from sale of assets	641,000	1,407,000
Net cash provided by (used in) investing activities	(29,557,000)	(18,047,000)
Cash flows from financing activities:
Distributions	(49,998,000)
Preferred unit distributions	(15,673,000)
Payments on long-term debt	(595,000)	(696,000)
Cash paid for financing costs	(319,000)	(2,297,000)
Cash payments for principal portion of lease liability	(1,698,000)	(1,703,000)
Net cash provided by (used in) financing activities	(68,283,000)	(4,696,000)
Increase (decrease) in cash and cash equivalents	(113,101,000)	(34,234,000)
Cash and cash equivalents - beginning of year	281,952,000	333,761,000
Cash, cash equivalents and restricted cash - end of year	168,851,000	299,527,000
Ferrellgas Partners Finance Corp. [Member]
Cash flows from operating activities:
Net income (loss)		(1,924)
Changes in operating assets and liabilities, net of effects from business acquisitions:
Prepaid expenses and other current assets		1,850
Net cash provided by operating activities		(74)
Cash flows from financing activities:
Capital contribution		74
Net cash provided by (used in) financing activities		74
Cash and cash equivalents - beginning of year	1,000	1,000
Cash, cash equivalents and restricted cash - end of year	1,000	1,000
Ferrellgas, L.P. [Member]
Cash flows from operating activities:
Net income (loss)	(8,167,000)	(38,751,000)
Reconciliation of net loss to net cash provided by operating activities:
Depreciation and amortization expense	20,295,000	21,390,000
Non-cash employee stock ownership plan compensation charge	909,000	708,000
Loss on asset sales and disposals	1,410,000	813,000
Provision for expected credit losses	640,000	678,000
Deferred income tax expense (benefit)	3,000	(1,000)
Other	1,901,000	2,346,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable, net of securitization	(32,539,000)	(18,728,000)
Inventories	(42,901,000)	(6,316,000)
Prepaid expenses and other current assets	(20,506,000)	(337,000)
Accounts payable	32,119,000	10,479,000
Accrued interest expense	(20,627,000)	7,129,000
Other current liabilities	52,376,000	6,154,000
Other assets and liabilities	(148,000)	2,946,000
Net cash provided by operating activities	(15,235,000)	(11,490,000)
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(9,758,000)
Capital expenditures	(20,440,000)	(19,454,000)
Proceeds from sale of assets	641,000	1,407,000
Net cash provided by (used in) investing activities	(29,557,000)	(18,047,000)
Cash flows from financing activities:
Distributions	(50,000,000)
Preferred unit distributions	(15,673,000)
Payments on long-term debt	(595,000)	(696,000)
Cash paid for financing costs	(319,000)	(2,297,000)
Cash payments for principal portion of lease liability	(1,698,000)	(1,703,000)
Net cash provided by (used in) financing activities	(68,285,000)	(4,696,000)
Increase (decrease) in cash and cash equivalents	(113,077,000)	(34,233,000)
Cash and cash equivalents - beginning of year	281,688,000	333,755,000
Cash, cash equivalents and restricted cash - end of year	168,611,000	299,522,000
Ferrellgas Finance Corp. [Member]
Cash flows from operating activities:
Net income (loss)		(1,553)
Changes in operating assets and liabilities, net of effects from business acquisitions:
Prepaid expenses and other current assets		1,500
Net cash provided by operating activities		(53)
Cash flows from financing activities:
Capital contribution		53
Net cash provided by (used in) financing activities		53
Cash and cash equivalents - beginning of year	1,100	1,100
Cash, cash equivalents and restricted cash - end of year	$ 1,100	$ 1,100

Partnership Organization And Formation	3 Months Ended
Partnership Organization And Formation	Oct. 31, 2021
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Organization And Formation	A. Partnership organization and formation Ferrellgas Partners, L.P. (“Ferrellgas Partners”) was formed on April 19, 1994, and is a publicly traded limited partnership. Ferrellgas Partners is a holding entity that conducts no operations and has two direct subsidiaries, Ferrellgas Partners Finance Corp. and Ferrellgas, L.P. (the “operating partnership”). Ferrellgas Partners owns a 100% equity interest in Ferrellgas Partners Finance Corp., whose only business activity is to act as the co-issuer and co-obligor of any debt securities issued by Ferrellgas Partners. Our activities are primarily conducted through the operating partnership. Ferrellgas Partners and the holders of Preferred Units (as defined in Note G – Preferred units) are the only limited partners of the operating partnership. Ferrellgas Partners and the operating partnership, collectively referred to as “Ferrellgas,” are both Delaware limited partnerships and are governed by their respective partnership agreements. Ferrellgas Partners was formed to acquire and hold a limited partner interest in the operating partnership. Ferrellgas, Inc. (the “general partner”), a Delaware corporation and a wholly-owned subsidiary of Ferrell Companies, is the sole general partner of Ferrellgas Partners and the operating partnership and, excluding the economic interests attributable to Ferrellgas Partners’ Class B Units and the operating partnership’s Preferred Units, owns an approximate 1% general partner economic interest in each, and, therefore, an effective 2% general partner economic interest in the operating partnership. Excluding the economic interests attributable to the Preferred Units, Ferrellgas Partners owns an approximate 99% limited partner interest in the operating partnership. Our general partner performs all management functions for us. Unless contractually provided for, creditors of the operating partnership have no recourse with regards to Ferrellgas Partners. As of July 31, 2021, Ferrell Companies Inc., a Kansas corporation (“Ferrell Companies”), the parent company of our general partner, currently beneficially owns approximately 23.4% of Ferrellgas Partners’ outstanding Class A Units. Ferrell Companies is owned 100% by an employee stock ownership trust. Ferrellgas is primarily engaged in the retail distribution of propane and related equipment sales. The propane distribution market is seasonal because propane is used primarily for heating in residential and commercial buildings. Ferrellgas serves residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers in all 50 states, the District of Columbia, and Puerto Rico. The operating partnership was formed on April 22, 1994, and accounts for substantially all of our consolidated assets, sales and operating earnings. Due to seasonality, the results of operations for the three months ended October 31, 2021 are not necessarily indicative of the results to be expected for the full fiscal year ending July 31, 2022. The condensed consolidated financial statements of Ferrellgas reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim periods presented. All adjustments to the condensed consolidated financial statements were of a normal recurring nature. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with (i) the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and (ii) the consolidated financial statements and accompanying notes included in Ferrellgas’ Annual Report on Form 10-K for fiscal 2021.
Ferrellgas Partners Finance Corp. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Organization And Formation	A. Formation Ferrellgas Partners Finance Corp. (the “Finance Corp.”), a Delaware corporation, was formed on March 28, 1996, and is a wholly-owned subsidiary of Ferrellgas Partners, L.P. (“Ferrellgas Partners”). Ferrellgas Partners contributed $1,000 to the Finance Corp. on April 8, 1996 in exchange for 1,000 shares of common stock. The Finance Corp. has nominal assets, does not conduct any operations and has no employees.
Ferrellgas, L.P. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Organization And Formation	A. Partnership organization and formation Ferrellgas, L.P. (the “operating partnership”) is a limited partnership that owns and operates propane distribution and related assets. Ferrellgas Partners, L.P. (“Ferrellgas Partners”) is a holding entity that conducts no operations and was formed to acquire and hold a limited partner interest in the operating partnership. Ferrellgas Partners and the holders of the Preferred Units (as defined in Note G – Preferred units) are the only limited partners of the operating partnership. Ferrellgas, Inc. (the “general partner”), a Delaware corporation and a wholly-owned subsidiary of Ferrell Companies, is the sole general partner of Ferrellgas Partners and the operating partnership and excluding the economic interests attributable to Ferrellgas Partners’ Class B Units and the operating partnership’s Preferred Units, owns an approximate 1% general partner economic interest in each and, therefore, an effective 2% general partner economic interest in the operating partnership. Excluding the economic interests attributable to the Preferred Units, Ferrellgas Partners owns an approximate 99% limited partner interest in the operating partnership. Our general partner performs all management functions for us. The operating partnership and Ferrellgas Partners, collectively referred to as “Ferrellgas,” are both Delaware limited partnerships and are governed by their respective partnership agreements. These agreements contain specific provisions for the allocation of net earnings and loss to each of the partners for purposes of maintaining the partner capital accounts. The operating partnership owns a 100% equity interest in Ferrellgas Finance Corp., whose only business activity is to act as the co-issuer and co-obligor of debt securities issued by the operating partnership. The operating partnership is primarily engaged in the retail distribution of propane and related equipment sales. The propane distribution market is seasonal because propane is used primarily for heating in residential and commercial buildings. Ferrellgas serves residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers in all 50 states, the District of Columbia, and Puerto Rico. Due to seasonality, the results of operations for the three months ended October 31, 2021 are not necessarily indicative of the results to be expected for the full fiscal year ending July 31, 2022. The condensed consolidated financial statements of the operating partnership and subsidiaries reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim periods presented. All adjustments to the condensed consolidated financial statements were of a normal recurring nature. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with (i) the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and (ii) the consolidated financial statements and accompanying notes included in Ferrellgas, L.P.’s Annual Report on Form 10-K for fiscal 2021.
Ferrellgas Finance Corp. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Organization And Formation	A. Formation Ferrellgas Finance Corp. (the “Finance Corp.”), a Delaware corporation, was formed on January 16, 2003, and is a wholly-owned subsidiary of Ferrellgas, L.P. (the “Partnership”). The Partnership contributed $1,000 to the Finance Corp. on January 24, 2003 in exchange for 1,000 shares of common stock. The Finance Corp. has nominal assets, does not conduct any operations and has no employees.

Summary Of Significant Accounting Policies	3 Months Ended
Summary Of Significant Accounting Policies	Oct. 31, 2021
Significant Accounting Policies
Summary Of Significant Accounting Policies	B. Summary of significant accounting policies (1) Accounting estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from these estimates. Significant estimates impacting the condensed consolidated financial statements include accruals that have been established for contingent liabilities, pending claims and legal actions arising in the normal course of business, useful lives of property, plant and equipment, residual values of tanks, capitalization of customer tank installation costs, amortization methods of intangible assets, valuation methods used to value sales returns and allowances, allowance for expected credit losses, fair value of reporting units, fair value of Class B units, recoverability of long-lived assets, assumptions used to value business combinations, determination of incremental borrowing rate used to measure right-of-use asset and lease liability, fair values of derivative contracts and stock-based compensation calculations. (2) New accounting standards: No new accounting standards were adopted during the current quarter.
Ferrellgas, L.P. [Member]
Significant Accounting Policies
Summary Of Significant Accounting Policies	B. Summary of significant accounting policies (1) Accounting estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from these estimates. Significant estimates impacting the condensed consolidated financial statements include accruals that have been established for contingent liabilities, pending claims and legal actions arising in the normal course of business, useful lives of property, plant and equipment, residual values of tanks, capitalization of customer tank installation costs, amortization methods of intangible assets, valuation methods used to value sales returns and allowances, allowance for expected credit losses, fair value of reporting units, recoverability of long-lived assets, assumptions used to value business combinations, determination of incremental borrowing rate used to measure right-of-use asset and lease liability, fair values of derivative contracts and stock-based compensation calculations. (2) New accounting standards: No new accounting standards were adopted during the current quarter.

Leases

3 Months Ended

Oct. 31, 2021

Leases

C. Leases

The following table provides the operating and financing right-of-use assets and lease liabilities as of October 31, 2021 and July 31, 2021:


Leases	Classification		October 31, 2021		July 31, 2021
Assets
Operating lease assets	Operating lease right-of-use assets	$	87,379	$	87,611
Financing lease assets	Other assets, net		33,814		34,858
Total leased assets		$	121,193	$	122,469

Liabilities
Current
Operating	Current operating lease liabilities	$	27,207	$	25,363
Financing	Other current liabilities		5,811		7,479
Noncurrent
Operating	Operating lease liabilities		72,117		74,349
Financing	Other liabilities		27,801		28,029
Total leased liabilities		$	132,936	$	135,220

The following table provides the lease expenses for the three months ended October 31, 2021 and 2020:


		For the three months ended October 31,
Leases expense	Classification	2021		2020

Operating lease expense	Operating expense - personnel, vehicle, plant and other	$	1,709	$	1,783
	Operating expense - equipment lease expense		5,232		6,442
	Cost of sales - propane and other gas liquids sales		440		526
	General and administrative expense		473		282
Total operating lease expense			7,854		9,033

Short-term expense	Operating expense - personnel, vehicle, plant and other		1,808		2,033
	General and administrative expense		86		242
Total short-term expense			1,894		2,275

Variable lease expense	Operating expense - personnel, vehicle, plant and other		770		746
	Operating expense - equipment lease expense		458		388
Total variable lease expense			1,228		1,134

Finance lease expense:
Amortization of leased assets	Depreciation and amortization expense		851		2,165
Interest on lease liabilities	Interest expense		938		945
Total finance lease expense			1,789		3,110

Total lease expense (a)		$	12,765	$	15,552

(a)

For the three months ended October 31, 2021 and 2020 Ferrellgas has also recognized $0.2 million and $0.1 million, respectively, of expense related to the accretion of lease exit costs associated with a crude oil storage agreement that is no longer being utilized, primarily due to the various dispositions and other significant transactions, and for which Ferrellgas does not anticipate any future economic benefit.

Minimum annual payments under existing operating and finance lease liabilities as of October 31, 2021 are as follows:


Maturities of lease liabilities		Operating leases		Finance leases		Total
2022	$	23,351	$	6,607	$	29,958
2023		40,085		8,095		48,180
2024		20,801		7,869		28,670
2025		14,305		7,766		22,071
2026		5,663		6,913		12,576
Thereafter		17,746		4,943		22,689
Total lease payments	$	121,951	$	42,193	$	164,144
Less: Imputed interest		22,627		8,581		31,208
Present value of lease liabilities	$	99,324	$	33,612	$	132,936

The following table represents the weighted-average remaining lease term and discount rate as of October 31, 2021:


	As of October 31, 2021
Lease type	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	4.6	7.9%
Finance leases	5.2	8.6%

Cash flow information is presented below:


	For the three months ended October 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	5,579	$	8,395

Cash paid for amounts included in the measurement of lease liabilities for financing leases:
Operating cash flows	$	768	$	877
Financing cash flows	$	1,698	$	1,703

Ferrellgas, L.P. [Member]

Leases

C. Leases

The following table provides the operating and financing right-of-use assets and lease liabilities as of October 31, 2021 and July 31, 2021:


Leases	Classification		October 31, 2021		July 31, 2021
Assets
Operating lease assets	Operating lease right-of-use assets	$	87,379	$	87,611
Financing lease assets	Other assets, net		33,814		34,858
Total leased assets		$	121,193	$	122,469

Liabilities
Current
Operating	Current operating lease liabilities	$	27,207	$	25,363
Financing	Other current liabilities		5,811		7,479
Noncurrent
Operating	Operating lease liabilities		72,117		74,349
Financing	Other liabilities		27,801		28,029
Total leased liabilities		$	132,936	$	135,220

The following table provides the lease expenses for the three months ended October 31, 2021 and 2020:


		For the three months ended October 31,
Leases expense	Classification	2021		2020

Operating lease expense	Operating expense - personnel, vehicle, plant and other	$	1,709	$	1,783
	Operating expense - equipment lease expense		5,232		6,442
	Cost of sales - propane and other gas liquids sales		440		526
	General and administrative expense		473		282
Total operating lease expense			7,854		9,033

Short-term expense	Operating expense - personnel, vehicle, plant and other		1,808		2,033
	General and administrative expense		86		242
Total short-term expense			1,894		2,275

Variable lease expense	Operating expense - personnel, vehicle, plant and other		770		746
	Operating expense - equipment lease expense		458		388
Total variable lease expense			1,228		1,134

Finance lease expense:
Amortization of leased assets	Depreciation and amortization expense		851		2,165
Interest on lease liabilities	Interest expense		938		945
Total finance lease expense			1,789		3,110

Total lease expense (a)		$	12,765	$	15,552

(a)

For the three months ended October 31, 2021 and 2020 Ferrellgas, L.P. has also recognized $0.2 million and $0.1 million, respectively, of expense related to the accretion of lease exit costs associated with a crude oil storage agreement that is no longer being utilized, primarily due to the various dispositions and other significant transactions, and for which Ferrellgas, L.P. does not anticipate any future economic benefit.

Minimum annual payments under existing operating and finance lease liabilities as of October 31, 2021 are as follows:


Maturities of lease liabilities		Operating leases		Finance leases		Total
2022	$	23,351	$	6,607	$	29,958
2023		40,085		8,095		48,180
2024		20,801		7,869		28,670
2025		14,305		7,766		22,071
2026		5,663		6,913		12,576
Thereafter		17,746		4,943		22,689
Total lease payments	$	121,951	$	42,193	$	164,144
Less: Imputed interest		22,627		8,581		31,208
Present value of lease liabilities	$	99,324	$	33,612	$	132,936

The following table represents the weighted-average remaining lease term and discount rate as of October 31, 2021:


	As of October 31, 2021
Lease type	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	4.6	7.9%
Finance leases	5.2	8.6%

Cash flow information is presented below:


	For the three months ended October 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	5,579	$	8,395

Cash paid for amounts included in the measurement of lease liabilities for financing leases:
Operating cash flows	$	768	$	877
Financing cash flows	$	1,698	$	1,703

Supplemental Financial Statement Information

3 Months Ended

Oct. 31, 2021

Supplemental Financial Statement Information [Line Items]

Supplemental Financial Statement Information

D. Supplemental financial statement information

Inventories consist of the following:


	October 31, 2021		July 31, 2021
Propane gas and related products	$	118,113	$	75,848
Appliances, parts and supplies, and other		13,167		12,531
Inventories	$	131,280	$	88,379

In addition to inventories on hand, Ferrellgas enters into contracts to take delivery of propane for supply procurement purposes with terms that generally do not exceed 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of October 31, 2021, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 2.5 million gallons of propane at fixed prices.

Prepaid expenses and other current assets consist of the following:


	October 31, 2021		July 31, 2021
Broker margin deposit assets	$	31,129	$	21,068
Other		28,471		18,024
Prepaid expenses and other current assets	$	59,600	$	39,092

Other current liabilities consist of the following:


	October 31, 2021		July 31, 2021
Accrued interest	$	8,468	$	29,095
Customer deposits and advances		48,442		35,734
Accrued payroll		15,117		28,143
Accrued insurance		12,698		11,104
Accrued senior preferred units distributions		17,345		16,013
Other		52,239		46,733
Other current liabilities	$	154,309	$	166,822

Shipping and handling expenses are classified in the following condensed consolidated statements of operations line items:


	For the three months ended October 31,
	2021		2020
Operating expense - personnel, vehicle, plant and other	$	54,447	$	47,531
Depreciation and amortization expense		2,535		4,523
Operating expense - equipment lease expense		4,535		5,883
	$	61,517	$	57,937

Cash and cash equivalents consist of the following:


	October 31, 2021		July 31, 2021
Cash and cash equivalents	$	157,351	$	270,452
Restricted cash (1)		11,500		11,500
Cash, cash equivalents and restricted cash	$	168,851	$	281,952

(1)

As of October 31, 2021 and July 31, 2021, restricted cash consists of an $11.5 million cash deposit made with the administrative agent under the operating partnership’s senior secured credit facility that was terminated in April 2020, which may be used by the administrative agent to pay contingent obligations arising under the financing agreement that governed the terminated senior secured credit facility.

For purposes of the condensed consolidated statements of cash flows, Ferrellgas considers cash equivalents to include all highly liquid debt instruments purchased with an original maturity of three months or less. Certain cash flow and significant non-cash activities are presented below:


	For the three months ended October 31,
	2021		2020
Cash paid for:
Interest	$	44,152	$	36,997
Income taxes	$	—	$	35
Non-cash investing and financing activities:
Liabilities incurred in connection with acquisitions	$	644	$	—
Change in accruals for property, plant and equipment additions	$	65	$	(65)
Lease liabilities arising from operating right-of-use assets	$	7,558	$	366
Lease liabilities arising from finance right-of-use assets	$	812	$	554
Accrued senior preferred units distributions	$	17,005	$	—

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information [Line Items]

Supplemental Financial Statement Information

D. Supplemental financial statement information

Inventories consist of the following:


	October 31, 2021		July 31, 2021
Propane gas and related products	$	118,113	$	75,848
Appliances, parts and supplies, and other		13,167		12,531
Inventories	$	131,280	$	88,379

In addition to inventories on hand, Ferrellgas, L.P. enters into contracts to take delivery of propane for supply procurement purposes with terms that generally do not exceed 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of October 31, 2021, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 2.5 million gallons of propane at fixed prices.

Prepaid expenses and other current assets consist of the following:


	October 31, 2021		July 31, 2021
Broker margin deposit assets	$	31,129	$	21,068
Other		28,450		18,005
Prepaid expenses and other current assets	$	59,579	$	39,073

Other current liabilities consist of the following:


	October 31, 2021		July 31, 2021
Accrued interest	$	8,468	$	29,095
Customer deposits and advances		48,442		35,734
Accrued payroll		15,117		11,104
Accrued insurance		12,698		28,143
Accrued senior preferred units distributions		17,345		16,013
Other		52,021		46,515
Other current liabilities	$	154,091	$	166,604

Shipping and handling expenses are classified in the following condensed consolidated statements of operations line items:


	For the three months ended October 31,
	2021		2020
Operating expense - personnel, vehicle, plant and other	$	54,447	$	47,531
Depreciation and amortization expense		2,535		4,523
Operating expense - equipment lease expense		4,535		5,883
	$	61,517	$	57,937

Cash and cash equivalents consist of the following:


	October 31, 2021		July 31, 2021
Cash and cash equivalents	$	157,111	$	270,188
Restricted cash (1)		11,500		11,500
Cash, cash equivalents and restricted cash	$	168,611	$	281,688

(1)

For purposes of the condensed consolidated statements of cash flows, Ferrellgas, L.P. considers cash equivalents to include all highly liquid debt instruments purchased with an original maturity of three months or less. Certain cash flow and significant non-cash activities are presented below:


	For the three months ended October 31,
	2021		2020
Cash paid for:
Interest	$	44,152	$	36,997
Income taxes	$	—	$	35
Non-cash investing and financing activities:
Liabilities incurred in connection with acquisitions	$	644	$	—
Change in accruals for property, plant and equipment additions	$	65	$	(65)
Lease liabilities arising from operating right-of-use assets	$	7,558	$	366
Lease liabilities arising from finance right-of-use assets	$	812	$	554
Accrued senior preferred units distributions	$	17,005	$	—

Accounts And Notes Receivable, Net

3 Months Ended

Oct. 31, 2021

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts and notes receivable, net

E. Accounts and notes receivable, net

Accounts and notes receivable, net consist of the following:


	October 31, 2021		July 31, 2021
Accounts receivable	$	167,505	$	135,182
Note receivable		13,648		13,648
Less: Allowance for expected credit losses		(17,680)		(17,256)
Accounts and notes receivable, net	$	163,473	$	131,574

Ferrellgas, L.P. [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts and notes receivable, net

E. Accounts and notes receivable, net

Accounts and notes receivable, net consist of the following:


	October 31, 2021		July 31, 2021
Accounts receivable	$	167,505	$	135,182
Note receivable		13,648		13,648
Less: Allowance for expected credit losses		(17,680)		(17,256)
Accounts and notes receivable, net	$	163,473	$	131,574

Debt

3 Months Ended

Oct. 31, 2021

Debt Instrument [Line Items]

Debt Disclosure [Text Block]

F. Debt

Long-term debt

Long-term debt consists of the following:


	October 31, 2021		July 31, 2021
Unsecured senior notes
Fixed rate, 5.375%, due 2026 (1)	$	650,000	$	650,000
Fixed rate, 5.875%, due 2029 (1)		825,000		825,000

Notes payable
8.5% and 8.8% weighted average interest rate at October 31, 2021 and July 31, 2021, respectively, due 2021 to 2029, net of unamortized discount of $648 and $573 at October 31, 2021 and July 31, 2021, respectively		5,181		3,882
Total debt, excluding unamortized debt issuance and other costs		1,480,181		1,478,882
Unamortized debt issuance and other costs		(31,207)		(32,322)
Less: current portion of long-term debt		2,079		1,670
Long-term debt	$	1,446,895	$	1,444,890

(1)

On March 30, 2021 (the “Effective Date”), two wholly-owned subsidiaries of the operating partnership (referred to herein as the Escrow Issuers) issued $650.0 million aggregate principal amount of 5.375% senior notes due 2026 (referred to herein as the “2026 Notes”) and $825.0 million aggregate principal amount of 5.875% senior notes due 2029 (referred to herein as the “2029 Notes”). On the Effective Date and immediately after the issuance of the 2026 Notes and 2029 Notes by the Escrow Issuers, (i) the Escrow Issuers were merged into the operating partnership and Ferrellgas Finance Corp., respectively, and the operating partnership and Ferrellgas Finance Corp. assumed the obligations of the Escrow Issuers as co-issuers of the 2026 Notes and the 2029 Notes, and (ii) the general partner and certain subsidiaries of the operating partnership guaranteed the 2026 Notes and the 2029 Notes. The 2026 Notes and 2029 Notes bear interest from the date of issuance, payable semi-annually in arrears on October 1 and April 1 of each year. The 2026 Notes will mature on April 1, 2026, and the 2029 Notes will mature on April 1, 2029. See “–Senior unsecured notes” below for additional discussion.

Senior secured revolving credit facility

On the Effective Date, the operating partnership, the general partner and certain of the operating partnership’s subsidiaries entered into a credit agreement (the “Credit Agreement”), which provides for a four-year revolving credit facility (the “Credit Facility”) in an aggregate principal amount of up to $350.0 million, including a sublimit not to exceed $225.0 million for the issuance of letters of credit for a period of 60 days after March 30, 2021, reducing to $200.0 million thereafter.

All borrowings under the Credit Facility are guaranteed by the general partner and the direct and indirect subsidiaries of the operating partnership (other than Ferrellgas Finance Corp. and Ferrellgas Receivables, LLC) and a limited-recourse guaranty from Ferrellgas Partners (limited to its equity interests in the operating partnership). Additionally, all borrowings are secured, on a first priority basis, by substantially all of the assets of the operating partnership and its subsidiaries and all of the equity interests in the operating partnership held by the general partner and Ferrellgas Partners.

Availability under the Credit Facility is, at any time, an amount equal to (a) the lesser of the revolving commitment (initially $350.0 million) and the Borrowing Base (as defined below) minus (b) the sum of the aggregate outstanding amount of borrowings under the Credit Facility plus the undrawn amount of outstanding letters of credit under the Credit Facility plus unreimbursed drawings in respect of letters of credit (unless otherwise converted into revolving loans). The "Borrowing Base" equals the sum of: (a) $200.0 million, plus (b) 80% of the eligible accounts receivable of the operating partnership and its subsidiaries, plus (c) 70% of the eligible propane inventory of the operating partnership and its subsidiaries, valued at weighted average cost, less (d) certain reserves, as determined and subject to certain modifications by the administrative agent in its permitted discretion.

Amounts borrowed under the Credit Facility bear interest, at the operating partnership's option, at either (a) for base rate loans, (i) a base rate determined by reference to the highest of (A) the rate of interest last quoted by The Wall Street Journal in the U.S. as the prime rate in effect, (B) the NYFRB Rate from time to time plus 0.50% per annum and (C) the Adjusted LIBO Rate for a one-month interest period plus 1.00% per annum plus (ii) a margin of 1.50% to 2.00% per annum depending on total net leverage or (b) for Eurodollar rate loans, (i) a rate determined by reference to the Adjusted LIBO Rate plus (ii) a margin of 2.50% to 3.00% per annum depending on total net leverage. The operating partnership will be required to pay an undrawn fee to the lenders on the average daily unused amount of the Credit Facility at a rate of 0.375% to 0.50% per annum depending on total net leverage.

The Credit Agreement contains customary representations, warranties, covenants and events of default.

The financial covenants in the Credit Agreement require the operating partnership to maintain: (1) a minimum interest coverage ratio (defined generally as the ratio of adjusted EBITDA to cash interest expense) of 2.50 to 1.00, (2) a maximum secured leverage ratio (defined generally as the ratio of total first priority secured indebtedness to adjusted EBITDA) of 2.50 to 1.00, and (3) a maximum total net leverage ratio (defined generally as the ratio of total indebtedness (net of unrestricted cash, subject to certain limits) to adjusted EBITDA) of 5.50 to 1.00 initially. The maximum total net leverage ratio adjusts to 5.25 to 1.00 starting with the quarter ending April 30, 2022, 5.00 to 1.00 starting with the quarter ending October 31, 2022, and 4.75 to 1.00 starting with the quarter ending April 30, 2023.

In addition to the financial covenants, the Credit Agreement includes covenants that may (or if not met will) restrict the ability of the operating partnership to, among other things: incur indebtedness or liens; effect certain fundamental changes, including mergers, consolidations, liquidations, dissolutions and changes in line of business; make certain restricted payments, including distributions to holders of Preferred Units, Ferrellgas Partners and the general partner and redemptions of Preferred Units; make investments, loans or advances; dispose of assets; effect sale and leaseback transactions; enter into swap agreements; make optional payments and modifications of subordinated and other debt instruments; enter into transactions with affiliates; agree to negative pledge clauses and burdensome agreements; and effect amendments to organizational documents.

On June 11, 2021, the operating partnership, the general partner and certain of the operating partnership’s subsidiaries entered into a First Amendment to the Credit Agreement (the “Credit Agreement Amendment”), with an effective date of April 30, 2021. Among other matters, the Credit Agreement Amendment amended the minimum-interest-coverage-ratio covenant described above by (i) waiving compliance with the covenant for the trailing four fiscal quarters ended April 30, 2021 and (ii) annualizing the cash interest expense component of the covenant for (a) the fiscal quarter ended on July 31, 2021, (b) the two fiscal quarters ending October 31, 2021, and (c) the three fiscal quarters ending January 31, 2022.

Senior unsecured notes

On the Effective Date, (i) the Escrow Issuers issued $650.0 million aggregate principal amount of 2026 Notes and $825.0 million aggregate principal amount of 2029 Notes, and (ii) the operating partnership and Ferrellgas Finance Corp. assumed the obligations of the Escrow Issuers as co-issuers of the 2026 Notes and the 2029 Notes upon the merger of the Escrow Issuers into the operating partnership and Ferrellgas Finance Corp., respectively. The operating partnership received aggregate net proceeds from the issuance and sale of the 2026 Notes and the 2029 Notes of approximately $1,441.2 million, after deducting the initial purchasers’ discount and estimated offering expenses. The operating partnership used such net proceeds, together with the net proceeds of the issuance and sale of the Preferred Units, as discussed in Note G – Preferred units, and cash on hand, (i) to redeem (or satisfy and discharge the indentures governing and subsequently redeem) all of the issued and outstanding 6.50% senior unsecured notes due 2021 (the “2021 Notes”), 6.75% senior unsecured notes due 2022 (the “2022 Notes”), 6.75% senior unsecured notes due 2023 (the “2023 Notes”) and 10.00% senior secured notes due 2025 (the “2025 Notes”), in the aggregate combined principal amount for all such notes of $2,175.0 million, and (ii) to repay all outstanding obligations under the agreement governing the accounts receivable securitization facility (the “Accounts Receivables Facility”) in connection with the termination of that facility.

The 2026 Notes and 2029 Notes are the senior unsecured obligations of the operating partnership and Ferrellgas Finance Corp. and are unconditionally guaranteed, jointly and severally, on a senior unsecured basis by the general partner and all domestic subsidiaries of the operating partnership other than Ferrellgas Finance Corp. and Ferrellgas Receivables, LLC.

The 2026 Notes may be redeemed prior to April 1, 2023 and the 2029 Notes may be redeemed prior to April 1, 2024 at the issuer’s option, in whole or in part, at a redemption price of par plus the applicable make-whole premium and accrued and unpaid interest. On and after April 1, 2023 and April 1, 2024, the 2026 Notes and the 2029 Notes, respectively, may be redeemed at the issuer’s option, in whole or in part, at the redemption prices set forth in the respective indenture governing such notes, plus accrued and unpaid interest. Beginning on April 1, 2025 and April 1, 2026, the 2026 Notes and 2029 Notes, respectively, may be redeemed at par plus accrued and unpaid interest.

The indentures governing the 2026 Notes and 2029 Notes contain customary affirmative and negative covenants restricting, among other things, the ability of the operating partnership and its restricted subsidiaries to: incur additional indebtedness and guarantee indebtedness; pay dividends or make other distributions (including distributions to holders of Preferred Units, Ferrellgas Partners and the general partner) or repurchase or redeem their equity interests (including redemptions of Preferred Units); repurchase or redeem certain debt; make certain other restricted payments or investments; sell assets, incur liens, enter into transactions with affiliates, enter into agreements restricting the operating partnership’s subsidiaries’ ability to pay dividends; and consolidate, merge or sell all or substantially all of their assets. The indentures also restrict the ability of the general partner to engage in certain activities.

In particular, under these covenants, subject to certain exceptions and additional requirements, the operating partnership is permitted to make cash distributions to holders of Preferred Units, Ferrellgas Partners and the general partner, redemptions of Preferred Units and other restricted payments (i) only in limited amounts specified in the indentures and (ii) only if the operating partnership’s net leverage ratio (defined generally to mean the ratio of consolidated total net debt to trailing four quarters consolidated EBITDA, both as adjusted for certain, specified items) is not greater than 5.0 to 1.0, on a pro forma basis giving effect to the restricted payment and, if applicable, certain other specified events. Further, if the operating partnership’s consolidated fixed charge coverage ratio (defined generally to mean the ratio of trailing four quarters consolidated EBITDA to consolidated fixed charges, both as adjusted for certain, specified items) is equal to or less than 1.75 to 1.00 (on a pro forma basis giving effect to the restricted payment and, if applicable, certain other specified events), the amount of distributions and other restricted payments the operating partnership is permitted to make under the indentures is further limited. As of October 31, 2021, the operating partnership is in compliance with the total net leverage ratio and fixed charge coverage ratio requirements.

The scheduled annual principal payments on long-term debt are as follows:


	Scheduled
Payment due by fiscal year	principal payments
2022	$	1,075
2023		1,709
2024		1,139
2025		930
2026		650,710
Thereafter		825,266
Total	$	1,480,829

Letters of credit outstanding at October 31, 2021 and July 31, 2021 totaled $97.5 million and $107.7 million, respectively, and were used to secure insurance arrangements, product purchases and commodity hedges. As of October 31, 2021, Ferrellgas had available borrowing capacity under its Credit Facility of $252.5 million.

Ferrellgas, L.P. [Member]

Debt Instrument [Line Items]

Debt Disclosure [Text Block]

F. Debt

Long-term debt

Long-term debt consists of the following:


	October 31, 2021		July 31, 2021
Unsecured senior notes
Fixed rate, 5.375%, due 2026 (1)	$	650,000	$	650,000
Fixed rate, 5.875%, due 2029 (1)		825,000		825,000

Notes payable
8.5% and 8.8% weighted average interest rate at October 31, 2021 and July 31, 2021, respectively, due 2021 to 2029, net of unamortized discount of $648 and $573 at October 31, 2021 and July 31, 2021, respectively		5,181		3,882
Total debt, excluding unamortized debt issuance and other costs		1,480,181		1,478,882
Unamortized debt issuance and other costs		(31,207)		(32,322)
Less: current portion of long-term debt		2,079		1,670
Long-term debt	$	1,446,895	$	1,444,890

(1)

Senior secured revolving credit facility

The Credit Agreement contains customary representations, warranties, covenants and events of default.

Senior unsecured notes

On the Effective Date, (i) the Escrow Issuers issued $650.0 million aggregate principal amount of 2026 Notes and $825.0 million aggregate principal amount of 2029 Notes, and (ii) the operating partnership and Ferrellgas Finance Corp. assumed the obligations of the Escrow Issuers as co-issuers of the 2026 Notes and the 2029 Notes upon the merger of the Escrow Issuers into the operating partnership and Ferrellgas Finance Corp., respectively. The operating partnership received aggregate net proceeds from the issuance and sale of the 2026 Notes and the 2029 Notes of approximately $1,441.2 million, after deducting the initial purchasers’ discount and estimated offering expenses. The operating partnership used such net proceeds, together with the net proceeds of the issuance and sale of the Preferred Units, as discussed in Note G – Preferred units, and cash on hand, (i) to redeem (or satisfy and discharge the indentures governing and subsequently redeem) all of the issued and outstanding 6.50% senior unsecured notes due 2021 (the “2021 Notes”), 6.75% senior unsecured notes due 2022 (the “2022 Notes”), 6.75% senior unsecured notes due 2023 (the “2023 Notes”), and 10.00% senior secured notes due 2025 (the “2025 Notes”), in the aggregate combined principal amount for all such notes of $2,175.0 million, and (ii) to repay all outstanding obligations under the agreement governing the accounts receivable securitization facility (the “Accounts Receivables Facility”) in connection with the termination of that facility.

The scheduled annual principal payments on long-term debt are as follows:


Payment due by fiscal year	Scheduled principal payments
2022	$	1,075
2023		1,709
2024		1,139
2025		930
2026		650,710
Thereafter		825,266
Total	$	1,480,829

Letters of credit outstanding at October 31, 2021 and July 31, 2021 totaled $97.5 million and $107.7 million, respectively, and were used to secure insurance arrangements, product purchases and commodity hedges. As of October 31, 2021, Ferrellgas, L.P. had available borrowing capacity under its Credit Facility of $252.5 million.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
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+ Details

Preferred Units	3 Months Ended
Preferred Units	Oct. 31, 2021
Temporary Equity [Line Items]
Preferred units	G. Preferred units On the Effective Date, pursuant to an Investment Agreement with certain purchasers named therein, the operating partnership issued and sold an aggregate of 700,000 Preferred Units (the “Preferred Units”), having an aggregate initial liquidation preference of $700.0 million. The purchase price per Preferred Unit was $1,000 less a 3.0% purchase price discount, for an aggregate purchase price of $679.0 million. The operating partnership received net proceeds from the issuance and sale of the Preferred Units of approximately $651.3 million, after deduction of the purchase price discount and certain expenses. The operating partnership used such net proceeds, together with the net proceeds of the issuance and sale of the 2026 Notes and the 2029 Notes and cash on hand, (i) to redeem (or satisfy and discharge the indentures governing and subsequently redeem) all of the issued and outstanding 2021 Notes, 2022 Notes, 2023 Notes and 2025 Notes, as described in Note F - Debt, and (ii) to repay all outstanding obligations under the Accounts Receivable Facility in connection with the termination of that facility. Redemption of the Preferred Units in the near term is not probable because of the high redemption price in the first three to five years. As described in greater detail under “Issuer Redemption Right” below, the Redemption Price for the Preferred Units is based upon the greater of the amount that would result in a 1.47x MOIC (defined below) and the amount that would result in a 12.25% internal rate of return. If the Preferred Units were redeemed at any time during the first three to four years after issuance, the 1.47x MOIC would require a large premium payment and that large premium payment would result in an internal rate of return far in excess of the minimum 12.25%. Consequently, it is unlikely that Ferrellgas would be able to achieve any savings in its cost of capital by redeeming the Preferred Units during the first three to four years after issuance. “MOIC” means, with respect to a Preferred Unit, a multiple on invested capital equal to the quotient determined by dividing (A) the sum of (x) the aggregate amount of all distributions made in cash with respect to such Preferred Unit prior to the applicable date of determination, with certain exclusions, plus (y) each Redemption Price paid in cash in respect of such Preferred Unit, on or prior to the applicable date of determination, by (B) the Purchase Price (defined below) of such Preferred Unit. On the Effective Date the general partner entered into (i) the Fifth Amended and Restated Agreement of Limited Partnership of Ferrellgas, L.P. (the “Amended OpCo LPA”), which amended and restated in its entirety the Fourth Amended and Restated Agreement of Limited Partnership of Ferrellgas L.P., and (ii) the First Amendment to the Amended OpCo LPA (the “OpCo LPA Amendment”), which sets forth the preferences, rights, privileges and other terms of the Preferred Units. Issuer Redemption Right The operating partnership has the right to redeem all or a portion of the Preferred Units for cash, pro rata and at any time and from time to time, including in connection with a Change of Control (as defined in the OpCo LPA Amendment), at an amount per Preferred Unit (the “Redemption Price”) equal to, without duplication, the sum of (a) the greater of (i) the amount necessary to result in a MOIC of 1.47x in respect of the purchase price, before discount, of such Preferred Unit, which is $1,000 per Preferred Unit (the “Purchase Price”), and (ii) the amount necessary to result in the applicable internal rate of return equal to 12.25%, which is increased by 150 basis points if the operating partnership has elected to pay more than four Quarterly Distributions (as defined below) in PIK Units (as defined below) and (b) the accumulated but unpaid Quarterly Distributions to the date of redemption, if any. A partial redemption of the Preferred Units is permitted only in the event the aggregate amount to be paid in respect of all Preferred Units included in such partial redemption is at least $25.0 million. Investor Redemption Right In the event that (i) any Class B Units are outstanding, or (ii) (x) no Class B Units are outstanding and (y) no more than 233,300 Preferred Units are outstanding, at any time on and after the tenth anniversary of the Effective Date the Required Holders may elect, by delivery of written notice, to have the operating partnership fully redeem each remaining outstanding Preferred Unit for an amount in cash equal to the Redemption Price. “Required Holders” refers to both (i) holders owning at least 33.3% of the total Preferred Units outstanding at any time and (ii) certain initial affiliated purchasers, for so long as such initial affiliated purchasers collectively own at least 25% of the Preferred Units outstanding at such time. In the event that (i) no Class B Units are outstanding and (ii) more than 233,300 Preferred Units are outstanding, the Required Holders will have the right to trigger a sale of the operating partnership after the tenth anniversary of the Effective Date. If the operating partnership fails to consummate a sale that would pay the Redemption Price in full within 180 days of written notice requiring such sale, the Required Holders will have the right to appoint a majority of the members of the Board of Directors of the general partner and initiate a sale of the operating partnership. Change of Control Upon a Change of Control (as defined in the OpCo LPA Amendment), the Required Holders will have the option to require the redemption of all or a portion of the Preferred Units in cash in an amount equal to the Redemption Price; provided, that such Redemption Price shall not be payable unless the operating partnership shall have first made any required change of control offer pursuant to the indentures governing the 2026 Notes and the 2029 Notes and purchased all such 2026 Notes and 2029 Notes tendered pursuant to such offer (unless otherwise waived by such noteholders); provided, further that the Redemption Price shall be paid immediately following the purchase of such tendered Notes (if any). Fair Value of Embedded Derivatives Ferrellgas identified the investor redemption right and the change in control option as embedded derivatives that require bifurcation as they are not clearly and closely related to the debt host contract and has concluded that the fair values at issuance and at October 31, 2021, are immaterial to the financial statements. Distributions Pursuant to the OpCo LPA Amendment, the operating partnership is required to pay to the holders of each Preferred Unit a cumulative, quarterly distribution (the "Quarterly Distribution") at the Distribution Rate (as defined below) on the Purchase Price. "Distribution Rate" means, for the first five years after March 30, 2021, a rate per annum equal to 8.956%, with certain increases in the Distribution Rate on each of the 5^th, 6^th and 7^th anniversaries of March 30, 2021, subject to a maximum rate of 11.125% and certain other adjustments and exceptions. The Quarterly Distribution may be paid in cash or, at the election of the operating partnership, "in kind" through the issuance of additional Preferred Units ("PIK Units") at the quarterly Distribution Rate plus an applicable premium that escalates each year from 75 bps to 300 bps so long as the Preferred Units remain outstanding. In the event the operating partnership fails to make any Quarterly Distribution in cash, such Quarterly Distribution will automatically be paid in PIK Units. The Distribution Rate on the Preferred Units will increase upon violation of certain protective provisions for the benefit of Preferred Unit holders notwithstanding the cap mentioned above. As of October 31, 2021, the Quarterly Distribution accrued was $17.3 million. $15.1 million of the Quarterly Distribution was paid in cash to holders of Preferred Units on November 15, 2021. Tax Distributions For any quarter in which the operating partnership makes a Quarterly Distribution in PIK Units in lieu of cash, it will be required to make a subsequent cash tax distribution for such quarter in an amount equal to the (i) the lesser of (x) 25% and (y) the highest combined federal, state and local tax rate applicable for corporations organized in New York, multiplied by (ii) the excess (if any) of (A) one-fourth (1/4th) of the estimated taxable income to be allocated to the holders of Preferred Units for the year in which the Quarterly Tax Payment Date (which refers to certain specified dates that next follow a Quarterly Distribution date on which PIK Units were issued) occurs, over (B) any cash paid on the Quarterly Distribution date immediately preceding the Quarterly Tax Payment Date on which a quarterly tax amount would otherwise be paid (such amount, the "Tax Distribution"). Tax Distributions are treated as advances against, and reduce, future cash distributions for any reason, including payments in redemption of Preferred Units or PIK Units, or payments to the holders in their capacity as such pursuant to any side letter or other agreement. Additional Amounts for Certain Purchasers The operating partnership is required to pay certain additional amounts of cash (the “Additional Amounts”) as necessary to certain holders of Preferred Units that hold their interests through a “blocker,” which is a U.S. entity that is owned and organized by certain original purchasers of Preferred Units who are non-U.S. persons or tax exempt for U.S. tax purposes and is treated as a corporation for U.S. tax purposes. Only certain original purchasers of Preferred Units who hold their Preferred Units through such blockers are, and none of their transferees is, entitled to Additional Amounts. Additional Amounts are capped at the lesser of: (a) the product of 20% multiplied by taxable income allocated to a “blocker” (as defined) divided by 0.8, and (b) the actual taxes payable by the “blocker” as a result of holding Senior Preferred Units. Board Rights For so long as at least 140,000 Preferred Units remain outstanding, holders of the Preferred Units have the right to designate one director to the Board of the general partner, subject to approval by the general partner. Protective Provisions The OpCo LPA Amendment and the Amended Ferrellgas Partners LPA (as defined in Note H – Equity) include, among other things, certain covenants for the benefit of holders of Preferred Units applicable to the operating partnership and, in certain instances, Ferrellgas Partners, for so long as at least $35,000,000 of Preferred Units and PIK Units remain outstanding. These covenants include, among other things, limitations on (i) effecting a Change of Control, (ii) amending organizational documents, (iii) issuing certain equity securities, (iv) issuing Preferred Units, (v) filing for bankruptcy, (vi) non-ordinary course investments, and (vii) incurring certain levels of indebtedness. Ranking and Liquidation Preference The Preferred Units rank senior to any other class or series of equity interests of the operating partnership (including the partnership interests held by Ferrellgas Partners and the general partner). Upon a liquidation, dissolution or winding up of the operating partnership, each holder of Preferred Units will be entitled to receive, prior and in preference to any distribution of any assets of the operating partnership to the holders of any other class or series of equity interests in the operating partnership (including Ferrellgas Partners and the general partner), an amount per Preferred Unit equal to the Redemption Price. Restrictions on Cash Distributions to Ferrellgas Partners and the General Partner The operating partnership is permitted to make distributions of Available Cash (as defined in the Amended OpCo LPA) to Ferrellgas Partners only if (i) the operating partnership has made all required Quarterly Distributions (in cash or PIK Units), Tax Distributions and payments of Additional Amounts, (ii) the operating partnership has redeemed all PIK Units issued, (iii) the operating partnership’s consolidated net leverage (defined generally to mean the ratio of the operating partnership’s consolidated total net debt (including the total redemption price of all outstanding Preferred Units and PIK Units but excluding certain letters of credit and capital lease obligations) as of each Quarterly Distribution Date to trailing four quarters consolidated EBITDA, both as adjusted for certain, specified items) is below 7.25x through May 15, 2022 and 7.00x thereafter, net of cash, immediately before and after giving effect to such distribution, (iv) the operating partnership has at least $100 million of liquidity, consisting of unrestricted cash on hand and available capacity under the Credit Agreement or any replacement thereof, and (v) the operating partnership is in compliance with the other protective provisions in the OpCo LPA Amendment.
Ferrellgas, L.P. [Member]
Temporary Equity [Line Items]
Preferred units	G. Preferred units On the Effective Date, pursuant to an Investment Agreement with certain purchasers named therein, the operating partnership issued and sold an aggregate of 700,000 Preferred Units (the “Preferred Units”), having an aggregate initial liquidation preference of $700.0 million. The purchase price per Preferred Unit was $1,000 less a 3.0% purchase price discount, for an aggregate purchase price of $679.0 million. The operating partnership received net proceeds from the issuance and sale of the Preferred Units of approximately $651.3 million, after deduction of the purchase price discount and certain expenses. The operating partnership used such net proceeds, together with the net proceeds of the issuance and sale of the 2026 Notes and the 2029 Notes and cash on hand, (i) to redeem (or satisfy and discharge the indentures governing and subsequently redeem) all of the issued and outstanding 2021 Notes, 2022 Notes, 2023 Notes and 2025 Notes, as described in Note F - Debt, and (ii) to repay all outstanding obligations under the Accounts Receivable Facility in connection with the termination of that facility. Redemption of the Preferred Units in the near term is not probable because of the high redemption price in the first three to five years. As described in greater detail under “Issuer Redemption Right” below, the Redemption Price for the Preferred Units is based upon the greater of the amount that would result in a 1.47x MOIC (defined below) and the amount that would result in a 12.25% internal rate of return. If the Preferred Units were redeemed at any time during the first three to four years after issuance, the 1.47x MOIC would require a large premium payment and that large premium payment would result in an internal rate of return far in excess of the minimum 12.25%. Consequently, it is unlikely that Ferrellgas would be able to achieve any savings in its cost of capital by redeeming the Preferred Units during the first three to four years after issuance. “MOIC” means, with respect to a Preferred Unit, a multiple on invested capital equal to the quotient determined by dividing (A) the sum of (x) the aggregate amount of all distributions made in cash with respect to such Preferred Unit prior to the applicable date of determination, with certain exclusions, plus (y) each Redemption Price paid in cash in respect of such Preferred Unit, on or prior to the applicable date of determination, by (B) the Purchase Price (defined below) of such Preferred Unit. On the Effective Date the general partner entered into (i) the Fifth Amended and Restated Agreement of Limited Partnership of Ferrellgas, L.P. (the “Amended OpCo LPA”), which amended and restated in its entirety the Fourth Amended and Restated Agreement of Limited Partnership of Ferrellgas L.P., and (ii) the First Amendment to the Amended OpCo LPA (the “OpCo LPA Amendment”), which sets forth the preferences, rights, privileges and other terms of the Preferred Units. Issuer Redemption Right The operating partnership has the right to redeem all or a portion of the Preferred Units for cash, pro rata and at any time and from time to time, including in connection with a Change of Control (as defined in the OpCo LPA Amendment), at an amount per Preferred Unit (the “Redemption Price”) equal to, without duplication, the sum of (a) the greater of (i) the amount necessary to result in a MOIC of 1.47x in respect of the purchase price, before discount, of such Preferred Unit, which is $1,000 per Preferred Unit (the “Purchase Price”), and (ii) the amount necessary to result in the applicable internal rate of return equal to 12.25%, which is increased by 150 basis points if the operating partnership has elected to pay more than four Quarterly Distributions (as defined below) in PIK Units (as defined below) and (b) the accumulated but unpaid Quarterly Distributions to the date of redemption, if any. A partial redemption of the Preferred Units is permitted only in the event the aggregate amount to be paid in respect of all Preferred Units included in such partial redemption is at least $25.0 million. Investor Redemption Right In the event that (i) any Class B Units are outstanding, or (ii) (x) no Class B Units are outstanding and (y) no more than 233,300 Preferred Units are outstanding, at any time on and after the tenth anniversary of the Effective Date the Required Holders may elect, by delivery of written notice, to have the operating partnership fully redeem each remaining outstanding Preferred Unit for an amount in cash equal to the Redemption Price. “Required Holders” refers to both (i) holders owning at least 33.3% of the total Preferred Units outstanding at any time and (ii) certain initial affiliated purchasers, for so long as such initial affiliated purchasers collectively own at least 25% of the Preferred Units outstanding at such time. In the event that (i) no Class B Units are outstanding and (ii) more than 233,300 Preferred Units are outstanding, the Required Holders will have the right to trigger a sale of the operating partnership after the tenth anniversary of the Effective Date. If the operating partnership fails to consummate a sale that would pay the Redemption Price in full within 180 days of written notice requiring such sale, the Required Holders will have the right to appoint a majority of the members of the Board of Directors of the general partner and initiate a sale of the operating partnership. Change of Control Upon a Change of Control (as defined in the OpCo LPA Amendment), the Required Holders will have the option to require the redemption of all or a portion of the Preferred Units in cash in an amount equal to the Redemption Price; provided, that such Redemption Price shall not be payable unless the operating partnership shall have first made any required change of control offer pursuant to the indentures governing the 2026 Notes and the 2029 Notes and purchased all such 2026 Notes and 2029 Notes tendered pursuant to such offer (unless otherwise waived by such noteholders); provided, further that the Redemption Price shall be paid immediately following the purchase of such tendered Notes (if any). Fair Value of Embedded Derivatives Ferrellgas identified the investor redemption right and the change in control option as embedded derivatives that require bifurcation as they are not clearly and closely related to the debt host contract and has concluded that the fair values at issuance and at October 31, 2021, are immaterial to the financial statements. Distributions Pursuant to the OpCo LPA Amendment, the operating partnership is required to pay to the holders of each Preferred Unit a cumulative, quarterly distribution (the "Quarterly Distribution") at the Distribution Rate (as defined below) on the Purchase Price. "Distribution Rate" means, for the first five years after March 30, 2021, a rate per annum equal to 8.956%, with certain increases in the Distribution Rate on each of the 5^th, 6^th and 7^th anniversaries of March 30, 2021, subject to a maximum rate of 11.125% and certain other adjustments and exceptions. The Quarterly Distribution may be paid in cash or, at the election of the operating partnership "in kind" through the issuance of additional Preferred Units ("PIK Units") at the quarterly Distribution Rate plus an applicable premium that escalates each year from 75 bps to 300 bps so long as the Preferred Units remain outstanding. In the event the operating partnership fails to make any Quarterly Distribution in cash, such Quarterly Distribution will automatically be paid in PIK Units. The Distribution Rate on the Preferred Units will increase upon violation of certain protective provisions for the benefit of Preferred Unit holders notwithstanding the cap mentioned above. As of October 31, 2021, the Quarterly Distribution accrued was $17.3 million. $15.1 million of the Quarterly Distribution was paid in cash to holders of Preferred Units on November 15, 2021. Tax Distributions For any quarter in which the operating partnership makes a Quarterly Distribution in PIK Units in lieu of cash, it will be required to make a subsequent cash tax distribution for such quarter in an amount equal to the (i) the lesser of (x) 25% and (y) the highest combined federal, state and local tax rate applicable for corporations organized in New York, multiplied by (ii) the excess (if any) of (A) one-fourth (1/4th) of the estimated taxable income to be allocated to the holders of Preferred Units for the year in which the Quarterly Tax Payment Date (which refers to certain specified dates that next follow a Quarterly Distribution date on which PIK Units were issued) occurs, over (B) any cash paid on the Quarterly Distribution date immediately preceding the Quarterly Tax Payment Date on which a quarterly tax amount would otherwise be paid (such amount, the "Tax Distribution"). Tax Distributions are treated as advances against, and reduce, future cash distributions for any reason, including payments in redemption of Preferred Units or PIK Units, or payments to the holders in their capacity as such pursuant to any side letter or other agreement. Additional Amounts for Certain Purchasers The operating partnership is required to pay certain additional amounts of cash (the “Additional Amounts”) as necessary to certain holders of Preferred Units that hold their interests through a “blocker,” which is a U.S. entity that is owned and organized by certain original purchasers of Preferred Units who are non-U.S. persons or tax exempt for U.S. tax purposes and is treated as a corporation for U.S. tax purposes. Only certain original purchasers of Preferred Units who hold their Preferred Units through such blockers are, and none of their transferees is, entitled to Additional Amounts. Additional Amounts are capped at the lesser of: (a) the product of 20% multiplied by taxable income allocated to a “blocker” (as defined) divided by 0.8, and (b) the actual taxes payable by the “blocker” as a result of holding Senior Preferred Units. Board Rights For so long as at least 140,000 Preferred Units remain outstanding, holders of the Preferred Units have the right to designate one director to the Board of the general partner, subject to approval by the general partner. Protective Provisions The OpCo LPA Amendment and the Sixth Amended and Restated Agreement of Limited Partnership of Ferrellgas Partners, L.P. include, among other things, certain covenants for the benefit of holders of Preferred Units applicable to the operating partnership and, in certain instances, Ferrellgas Partners, for so long as at least $35,000,000 of Preferred Units and PIK Units remain outstanding. These covenants include, among other things, limitations on (i) effecting a Change of Control, (ii) amending organizational documents, (iii) issuing certain equity securities, (iv) issuing Preferred Units, (v) filing for bankruptcy, (vi) non-ordinary course investments, and (vii) incurring certain levels of indebtedness. Ranking and Liquidation Preference The Preferred Units rank senior to any other class or series of equity interests of the operating partnership (including the partnership interests held by Ferrellgas Partners and the general partner). Upon a liquidation, dissolution or winding up of the operating partnership, each holder of Preferred Units will be entitled to receive, prior and in preference to any distribution of any assets of the operating partnership to the holders of any other class or series of equity interests in the operating partnership (including Ferrellgas Partners and the general partner), an amount per Preferred Unit equal to the Redemption Price. Restrictions on Cash Distributions to Ferrellgas Partners and the General Partner The operating partnership is permitted to make distributions of Available Cash (as defined in the Amended OpCo LPA) to Ferrellgas Partners only if (i) the operating partnership has made all required Quarterly Distributions (in cash or PIK Units), Tax Distributions and payments of Additional Amounts, (ii) the operating partnership has redeemed all PIK Units issued, (iii) the operating partnership’s consolidated net leverage (defined generally to mean the ratio of the operating partnership’s consolidated total net debt (including the total redemption price of all outstanding Preferred Units and PIK Units but excluding certain letters of credit and capital lease obligations) as of each Quarterly Distribution Date to trailing four quarters consolidated EBITDA, both as adjusted for certain, specified items) is below 7.25x through May 15, 2022 and 7.00x thereafter, net of cash, immediately before and after giving effect to such distribution, (iv) the operating partnership has at least $100 million of liquidity, consisting of unrestricted cash on hand and available capacity under the Credit Agreement or any replacement thereof, and (v) the operating partnership is in compliance with the other protective provisions in the OpCo LPA Amendment.

Equity

3 Months Ended

Oct. 31, 2021

Limited Partners' Capital Account [Line Items]

Equity

H. Equity

Reverse Unit Split

On the Effective Date, Ferrellgas Partners effected a 1-for-20 reverse unit split in which holders of its then-outstanding common units received one Class A Unit for every twenty common units held. No fractional Class A Units were issued in connection with the reverse unit split. If, as a result of the reverse unit split, a unitholder would otherwise have been entitled to a fractional Class A Unit, the number of Class A Units such unitholder received was rounded up or down to the nearest whole Class A Unit, with a fraction of one-half or less being rounded down. The reverse unit split resulted in a reduction of our previously outstanding common units from 97,152,665 common units to 4,857,605 Class A Units. All references to common units and per unit data for all periods presented in the accompanying condensed consolidated financial statements and notes thereto have been adjusted to reflect the reverse unit split on a retroactive basis.

Class B Units

On the Effective Date, Ferrellgas Partners issued 1.3 million Class B Units to the holders of the $357.0 million aggregate principal amount of its 8.625% senior unsecured notes due June 2020 (the “Ferrellgas Partners Notes”) in exchange for such holders’ contribution of the Ferrellgas Partners Notes to Ferrellgas Partners as a capital contribution and in satisfaction of such holders’ claims in respect of the Ferrellgas Partners Notes. The terms of the Class B Units are set forth in the Sixth Amended and Restated Agreement of Limited Partnership of Ferrellgas Partners, L.P. (the “Amended Ferrellgas Partners LPA”), which the general partner entered into on the Effective Date and which amended and restated in its entirety the Fifth Amended and Restated Agreement of Limited Partnership of Ferrellgas Partners, L.P.

Ferrellgas Partners may, subject to certain conditions, issue additional Class A Units to such parties as determined at the discretion of Ferrellgas Partners, upon consent by the holders of the requisite percentage of Class B Units as specified in the Amended Ferrellgas Partners LPA (the “Requisite Class B Units”), which refers to: (i) if the initial majority holder of Class B Units holds at least 50% of Class B Units, holders of at least 50% of the outstanding Class B Units, or (ii) if the initial majority holder of Class B Units holds less than 50% of Class B Units, holders of at least one-third of the outstanding Class B Units.

Pursuant to the Amended Ferrellgas Partners LPA, while any Class B Units remain outstanding, any distributions by Ferrellgas Partners to its partners must be made such that the ratio of (i) the amount of distributions made to holders of Class B Units to (ii) the amount of distributions made to holders of Class A Units and the general partner is not less than 6:1.

Once holders of Class B Units receive distributions in the aggregate amount of $357.0 million (which was the outstanding principal amount of the Ferrellgas Partners Notes), the Class B Units will be (i) convertible into Class A Units at the option of Ferrellgas Partners, if that distribution threshold is reached prior to the fifth anniversary of the Effective Date, or (ii) converted automatically into Class A Units, if the distribution threshold is reached on or after the fifth anniversary of the Effective Date, in each case at the applicable conversion rate set forth in the following table:


Year Post-Emergence	Conversion Factor
Year 1	1.75x
Year 2	2.00x
Year 3	3.50x
Year 4	4.00x
Year 5	5.00x
Year 6	6.00x
Year 7	7.00x
Year 8	10.00x
Year 9	12.00x
Year 10	25.00x

In the first five years after the Effective Date, Ferrellgas Partners may redeem the Class B Units, in full, at a price equal to an amount that will result in an internal rate of return with respect to the Class B Units equal to the sum of (i) 300 basis points and (ii) the internal rate of return for the Preferred Units as specified in the Amended Ferrellgas Partners LPA, subject to the minimum redemption price of $302.08 per unit, less any cash distributed prior to the redemption, if called in the first year after issuance. The total internal rate of return required to redeem the Class B Units is 15.85%, but that amount increases under certain circumstances, including if the operating partnership paid distributions on the Preferred Units in-kind rather than in cash for a certain number of quarters. There have not been any in-kind distributions through October 31, 2021.

During the first five years following the Effective Date, after Ferrellgas Partners has distributed $356 million in distributions to holders of the Class B Units, Ferrellgas Partners will have the option to hold cash for six months at either Ferrellgas Partners or Ferrellgas Partners Finance Corp. for the sole purpose of redeeming the Class B Units. However, if the funds held are not used to redeem the Class B Units, the funds must either be distributed to holders of the Class B Units and, if applicable, holders of the Class A Units and the general partner or returned to the operating partnership.

Ferrellgas Partners will only be able to redeem the Class B Units to the extent it receives sufficient distributions from the operating partnership, and the operating partnership is limited in its ability to make distributions by the indentures that govern the 2026 Notes and the 2029 Notes, the Credit Agreement and the OpCo LPA Amendment governing the Preferred Units.

The holders of Class B Units will have the right to acquire the general partner interests in Ferrellgas Partners and the operating partnership, without the approval of the general partner, Ferrellgas Partners, the holders of the Class A Units or the operating partnership, if the Class B Units are still outstanding and have not been converted to Class A Units by the earlier of (i) a material breach of the covenants in favor of the Class B Units under the Amended Ferrellgas Partners LPA or the Amended OpCo LPA that is not cured within the time period specified therein and (ii) the 10th anniversary of the Effective Date.

Board Rights

The holders of Class B Units will be permitted to designate one independent director to the Board of the general partner in accordance with a voting agreement among the general partner, Ferrell Companies, Inc. ("FCI"), the sole stockholder of the general partner, and the holders of the Class B Units and the general partner's bylaws.

Class A Units

As of October 31, 2021 and July 31, 2021, Class A Units were beneficially owned by the following:


	October 31, 2021	July 31, 2021
Public Class A Unitholders (1)	3,480,621	3,480,621
Ferrell Companies (2)	1,126,468	1,126,468
FCI Trading Corp. (3)	9,784	9,784
Ferrell Propane, Inc. (4)	2,560	2,560
James E. Ferrell (5)	238,172	238,172

(1)	These Class A Units are traded on the OTC Pink Market under the symbol “FGPR”.

(2)

Ferrell Companies is the owner of the general partner and an approximate 23% direct owner of Ferrellgas Partners’ Class A Units and thus a related party. Ferrell Companies also beneficially owns 9,784 and 2,560 Class A Units of Ferrellgas Partners held by FCI Trading Corp. (“FCI Trading”) and Ferrell Propane, Inc. ("Ferrell Propane"), respectively, bringing Ferrell Companies’ total beneficial ownership of Class A Units to 23.4%.

(3)	FCI Trading is an affiliate of the general partner and thus a related party.

(4)	Ferrell Propane is controlled by the general partner and thus a related party.

(5)

James E. Ferrell is the Chief Executive Officer and President of our general partner; and is the Chairman of the Board of Directors of our general partner and a related party. JEF Capital Management owns 237,942 of these Class A Units and is owned by the James E. Ferrell Revocable Trust Two and other family trusts, all of which James E. Ferrell and/or his family members are the trustees and beneficiaries. James E. Ferrell holds all voting common stock of JEF Capital Management. The remaining 230 Class A Units are held by Ferrell Resources Holdings, Inc., which is wholly-owned by the James E. Ferrell Revocable Trust One, for which James E. Ferrell is the trustee and sole beneficiary.

Together these Class A Units represent (i) a 99% limited partner economic interest in Ferrellgas Partners, excluding the economic interest attributable to the Class B Units, and (ii) an effective 98% economic interest in the operating partnership, excluding the economic interests attributable to the Class B Units and the Preferred Units. In liquidation, allocations and distributions will be made in accordance with each Class A Unitholder’s positive capital account.

The Class A Units of Ferrellgas Partners represent limited partner interests in Ferrellgas Partners, which give the holders thereof the right to participate in distributions made by Ferrellgas Partners, subject to the rights of holders of Class B Units, and to exercise the other rights or privileges available to such holders under the Amended Ferrellgas Partners LPA. Under the terms of the Amended Ferrellgas Partners LPA, holders of Class A Units have limited voting rights on matters affecting the business of Ferrellgas Partners. Generally, persons or groups owning 20% or more of Ferrellgas Partners’ outstanding Class A Units cannot vote any of their Class A Units in excess of the 20% threshold. However, this limitation does not apply under certain circumstances and does not apply to Class A Units owned by Ferrell Companies, our general partner and its affiliates, and this limitation expires on the later of (a) five years after the Effective Date and (b) the conversion of the Class B Units to Class A Units.

The Amended Ferrellgas Partners LPA allows the general partner to issue an unlimited number of additional general and limited partner interests of Ferrellgas Partners for such consideration and on such terms and conditions as shall be established by the general partner without the approval of any Class A Unitholders.

Partnership distributions

Ferrellgas Partners did not declare or pay any distributions to Class A Unitholders or the general partner for the three months ended October 31, 2021. On October 8, 2021, Ferrellgas Partners made a cash distribution in the aggregate amount of approximately $49.9 million to its Class B Unitholders.

Accumulated other comprehensive income (loss) (“AOCI”)

See Note K – Derivative instruments and hedging activities – for details regarding changes in fair value on risk management financial derivatives recorded within AOCI for the three months ended October 31, 2021 and 2020.

General partner’s commitment to maintain its capital account

Ferrellgas’ partnership agreements allow the general partner to have an option to maintain its effective 2% general partner interest (excluding the interest attributable to the Class B Units and Preferred Units) concurrent with the issuance of other additional equity.

During the three months ended October 31, 2021, the general partner made non-cash contributions of $17.0 thousand to Ferrellgas to maintain its effective 2% general partner interest.

During the three months ended October 31, 2020, the general partner made non-cash contributions of $14.0 thousand to Ferrellgas to maintain its effective 2% general partner interest.

Ferrellgas, L.P. [Member]

Limited Partners' Capital Account [Line Items]

Equity

H. Equity

Partnership distributions

Ferrellgas, L.P. has recognized the following distributions:


	For the three months ended October 31,
	2021		2020
Ferrellgas Partners	$	50,000	$	—
General partner		—		—

See additional discussions about transactions with related parties in Note L – Transactions with related parties.

Accumulated other comprehensive income (loss) (“AOCI”)

See Note K – Derivative instruments and hedging activities for details regarding changes in fair value on risk management financial derivatives recorded within AOCI for the three months ended October 31, 2021 and 2020.

General partner’s commitment to maintain its capital account

Ferrellgas, L.P.’s partnership agreement allows the general partner to have an option to maintain its 1.0101% general partner interest (excluding the interest attributable to the Preferred Units) concurrent with the issuance of other additional equity.

During the three months ended October 31, 2021, the general partner made non-cash contributions of $9.0 thousand to Ferrellgas, L.P. to maintain its 1.0101% general partner interest.

During the three months ended October 31, 2020, the general partner made non-cash contributions of $7.0 thousand to Ferrellgas, L.P. to maintain its 1.0101% general partner interest.

Revenue from contracts with customers

3 Months Ended

Oct. 31, 2021

Disaggregation of Revenue [Line Items]

Revenue from Contract with Customer [Text Block]

I. Revenue from contracts with customers

Disaggregation of revenue

Ferrellgas disaggregates revenues based upon the type of customer and on the type of revenue. The following table presents retail propane revenues, wholesale propane revenues and other revenues. Retail revenues result from sales to end use customers, wholesale revenues result from sales to or through resellers and all other revenues include sales of appliances and other materials, other fees charged to customers and equipment rental charges.


	For the three months ended October 31,
	2021		2020
Retail - Sales to End Users	$	252,510	$	174,645
Wholesale - Sales to Resellers		113,971		102,612
Other Gas Sales		6,223		3,792
Other		21,802		19,845
Propane and related equipment revenues	$	394,506	$	300,894

Contract assets and liabilities

Ferrellgas’ performance obligations are generally limited to the delivery of propane for our retail and wholesale contracts. Ferrellgas’ performance obligations with respect to sales of appliances and other materials and other revenues are limited to the delivery of the agreed upon good or service. Ferrellgas does not have material performance obligations that are delivered over time, thus all of our revenue is recognized at the time the goods, including propane, are delivered or installed. Ferrellgas offers “even pay” billing programs that can create customer deposits or advances, depending on whether Ferrellgas has delivered more propane than the customer has paid for or whether the customer has paid for more propane than what has been delivered. Revenue is recognized from these customer deposits or advances to customers at the time product is delivered. The advance or deposit is considered to be a contract asset or liability. Additionally, from time to time, we have customers that pay in advance for goods or services, and such amounts result in contract liabilities.

Ferrellgas incurs incremental commissions directly related to the acquisition or renewal of customer contracts. The commissions are calculated and paid based upon the number of gallons sold to the acquired or renewed customer. The total amount of commissions that we incur is not material, and the commissions are expensed commensurate with the deliveries to which they relate; therefore, Ferrellgas does not capitalize these costs.

The following table presents the opening and closing balances of our receivables, contract assets, and contract liabilities:


	October 31, 2021		July 31, 2021
Accounts receivable	$	175,871	$	138,757
Contract assets	$	5,283	$	10,074
Contract liabilities
Deferred revenue (1)	$	62,365	$	49,354

(1)	Of the beginning balance of deferred revenue, $10.5 million was recognized as revenue during the three months ended October 31, 2021.

Remaining performance obligations

Ferrellgas’ remaining performance obligations are generally limited to situations where its customers have remitted payment but have not yet received deliveries of propane. This most commonly occurs in Ferrellgas’ even pay billing programs and Ferrellgas expects that these balances will be recognized within a year or less as the customer takes delivery of propane.

Ferrellgas, L.P. [Member]

Disaggregation of Revenue [Line Items]

Revenue from Contract with Customer [Text Block]

I. Revenue from contracts with customers

Disaggregation of revenue

Ferrellgas, L.P. disaggregates revenues based upon the type of customer and on the type of revenue. The following table presents retail propane revenues, wholesale propane revenues and other revenues. Retail revenues result from sales to end use customers, wholesale revenues result from sales to or through resellers and all other revenues include sales of appliances and other materials, other fees charged to customers and equipment rental charges.


	For the three months ended October 31,
	2021		2020
Retail - Sales to End Users	$	252,510	$	174,645
Wholesale - Sales to Resellers		113,971		102,612
Other Gas Sales		6,223		3,792
Other		21,802		19,845
Propane and related equipment revenues	$	394,506	$	300,894

Contract assets and liabilities

Ferrellgas, L.P.’s performance obligations are generally limited to the delivery of propane for our retail and wholesale contracts. Ferrellgas, L.P.’s performance obligations with respect to sales of appliances and other materials and other revenues are limited to the delivery of the agreed upon good or service. Ferrellgas, L.P. does not have material performance obligations that are delivered over time, thus all of our revenue is recognized at the time the goods, including propane, are delivered or installed. Ferrellgas, L.P. offers “even pay” billing programs that can create customer deposits or advances, depending on whether Ferrellgas, L.P. has delivered more propane than the customer has paid for or whether the customer has paid for more propane than what has been delivered. Revenue is recognized from these customer deposits or advances to customers at the time product is delivered. The advance or deposit is considered to be a contract asset or liability. Additionally, from time to time, we have customers that pay in advance for goods or services, and such amounts result in contract liabilities.

Ferrellgas, L.P. incurs incremental commissions directly related to the acquisition or renewal of customer contracts. The commissions are calculated and paid based upon the number of gallons sold to the acquired or renewed customer. The total amount of commissions that we incur is not material, and the commissions are expensed commensurate with the deliveries to which they relate; therefore, Ferrellgas, L.P. does not capitalize these costs.

The following table presents the opening and closing balances of our receivables, contract assets, and contract liabilities:


	October 31, 2021		July 31, 2021
Accounts receivable	$	175,871	$	138,757
Contract assets	$	5,283	$	10,074
Contract liabilities
Deferred revenue (1)	$	62,365	$	49,354

(1)	Of the beginning balance of deferred revenue, $10.5 million was recognized as revenue during the three months ended October 31, 2021.

Remaining performance obligations

Ferrellgas, L.P.’s remaining performance obligations are generally limited to situations where its customers have remitted payment but have not yet received deliveries of propane. This most commonly occurs in Ferrellgas, L.P.’s even pay billing programs and Ferrellgas expects that these balances will be recognized within a year or less as the customer takes delivery of propane.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Fair Value Measurements

3 Months Ended

Oct. 31, 2021

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Measurements

J. Fair value measurements

Derivative financial instruments

The following table presents Ferrellgas’ financial assets and financial liabilities that are measured at fair value on a recurring basis for each of the fair value hierarchy levels, including both current and noncurrent portions, as of October 31, 2021 and July 31, 2021:


	Asset (Liability)
	Quoted Prices in Active
	Markets for Identical		Significant Other
	Assets and Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
October 31, 2021:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	148,656	$	—	$	148,656
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(8,548)	$	—	$	(8,548)

July 31, 2021:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	94,244	$	—	$	94,244
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(4,458)	$	—	$	(4,458)

Methodology

The fair values of Ferrellgas’ non-exchange traded commodity derivative contracts are based upon indicative price quotations available through brokers, industry price publications or recent market transactions and related market indicators.

Other financial instruments

The carrying amounts of other financial instruments included in current assets and current liabilities (except for current maturities of long-term debt) approximate their fair values because of their short-term nature. At October 31, 2021 and July 31, 2021, the estimated fair value of Ferrellgas’ long-term debt instruments was $1,433.2 million and $1,466.4 million, respectively. Ferrellgas estimates the fair value of long-term debt based on quoted market prices. The fair value of Ferrellgas’ consolidated debt obligations is a Level 2 valuation based on the observable inputs used for similar liabilities.

Ferrellgas has other financial instruments such as trade accounts receivable which could expose it to concentrations of credit risk. The credit risk from trade accounts receivable is limited because of a large customer base which extends across many different U.S. markets.

Ferrellgas, L.P. [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Measurements

J. Fair value measurements

Derivative financial instruments

The following table presents Ferrellgas, L.P.’s financial assets and financial liabilities that are measured at fair value on a recurring basis for each of the fair value hierarchy levels, including both current and noncurrent portions, as of October 31, 2021 and July 31, 2021:


	Asset (Liability)
	Quoted Prices in Active
	Markets for Identical		Significant Other
	Assets and Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
October 31, 2021:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	148,656	$	—	$	148,656
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(8,548)	$	—	$	(8,548)

July 31, 2021:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	94,244	$	—	$	94,244
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(4,458)	$	—	$	(4,458)

Methodology

The fair values of Ferrellgas, L.P.’s non-exchange traded commodity derivative contracts are based upon indicative price quotations available through brokers, industry price publications or recent market transactions and related market indicators.

Other financial instruments

The carrying amounts of other financial instruments included in current assets and current liabilities (except for current maturities of long-term debt) approximate their fair values because of their short-term nature. At October 31, 2021 and July 31, 2021, the estimated fair value of Ferrellgas, L.P.’s long-term debt instruments was $1,433.2 million and $1,466.4 million, respectively. Ferrellgas, L.P. estimates the fair value of long-term debt based on quoted market prices. The fair value of our consolidated debt obligations is a Level 2 valuation based on the observable inputs used for similar liabilities.

Ferrellgas, L.P. has other financial instruments such as trade accounts receivable which could expose it to concentrations of credit risk. The credit risk from trade accounts receivable is limited because of a large customer base which extends across many different U.S. markets.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Derivative Instruments and Hedging Activities

3 Months Ended

Oct. 31, 2021

Derivative [Line Items]

Derivative Instruments and Hedging Activities

K. Derivative instruments and hedging activities

Ferrellgas is exposed to certain market risks related to its ongoing business operations. These risks include exposure to changing commodity prices as well as fluctuations in interest rates. Ferrellgas utilizes derivative instruments to manage its exposure to fluctuations in commodity prices. Of these, the propane commodity derivative instruments are designated as cash flow hedges.

Derivative instruments and hedging activity

During the three months ended October 31, 2021 and 2020, Ferrellgas did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of financial derivative contract gains or losses from the assessment of hedge effectiveness related to commodity cash flow hedges.

The following tables provide a summary of the fair value of derivatives within Ferrellgas’ condensed consolidated balance sheets as of October 31, 2021 and July 31, 2021:


	Final	October 31, 2021
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2023
Commodity derivatives-propane		Price risk management asset	$	129,389	Other current liabilities	$	7,650
Commodity derivatives-propane		Other assets, net		19,267	Other liabilities		898
		Total	$	148,656	Total	$	8,548


	Final	July 31, 2021
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2021
Commodity derivatives-propane		Price risk management asset	$	78,001	Other current liabilities	$	3,429
Commodity derivatives-propane		Other assets, net		16,243	Other liabilities		1,029
		Total	$	94,244	Total	$	4,458

Ferrellgas’ exchange traded commodity derivative contracts require cash margin deposit as collateral for contracts that are in a negative mark-to-market position. These cash margin deposits will be returned if mark-to-market conditions improve or will be applied against cash settlement when the contracts are settled. Liabilities represent cash margin deposits received by Ferrellgas for contracts that are in a positive mark-to-market position. The following tables provide a summary of cash margin balances as of October 31, 2021 and July 31, 2021, respectively:


	October 31, 2021
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	31,129	Other current liabilities	$	126,325
	Other assets, net		3,511	Other liabilities		18,392
		$	34,640		$	144,717


	July 31, 2021
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	21,068	Other current liabilities	$	79,178
	Other assets, net		3,036	Other liabilities		15,489
		$	24,104		$	94,667

The following tables provide a summary of the effect on Ferrellgas’ condensed consolidated statements of comprehensive income (loss) for the three months ended October 31, 2021 and 2020 due to derivatives designated as cash flow hedging instruments:


	For the three months ended October 31, 2021
				Amount of Gain (Loss)
	Amount of Gain		Location of Gain (Loss)	Reclassified from
	(Loss) Recognized in		Reclassified from	AOCI into Income
Derivative Instrument	AOCI		AOCI into Income	Effective portion		Ineffective portion
Commodity derivatives	$	72,932	Cost of product sold- propane and other gas liquids sales	$	22,610	$	—
	$	72,932		$	22,610	$	—


	For the three months ended October 31, 2020
				Amount of Gain (Loss)
	Amount of Gain (Loss)		Location of Gain (Loss)	Reclassified from
	Recognized in		Reclassified from	AOCI into Income
Derivative Instrument	AOCI		AOCI into Income	Effective portion		Ineffective portion
Commodity derivatives	$	5,767	Cost of product sold- propane and other gas liquids sales	$	(2,150)	$	—
	$	5,767		$	(2,150)	$	—

The changes in derivatives included in AOCI for the three months ended October 31, 2021 and 2020 were as follows:


	For the three months ended October 31,
Gains and losses on derivatives included in AOCI	2021		2020
Beginning balance (1)	$	89,786	$	(2,313)
Change in value of risk management commodity derivatives		72,932		5,767
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		(22,610)		2,150
Ending balance (1)	$	140,108	$	5,604

(1)

Beginning balances in the table above include AOCI activity related to non-controlling interest of $0.9 million and $10.0 thousand for fiscal 2022 and 2021, respectively. Ending balances for the three months ended October 31, 2021 and October 31, 2020 include AOCI activity related to non-controlling interest of $1.4 million and $0.1 million, respectively.

Ferrellgas expects to reclassify net gains of approximately $121.7 million to earnings during the next 12 months. These net gains are expected to be offset by decreased margins on propane sales commitments Ferrellgas has with its customers that qualify for the normal purchase normal sale exception.

During the three months ended October 31, 2021 and 2020, Ferrellgas had no reclassifications to operations resulting from the discontinuance of any cash flow hedges arising from the probability of the original forecasted transactions not occurring within the originally specified period of time defined within the hedging relationship.

As of October 31, 2021, Ferrellgas had financial derivative contracts covering 7.2 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

Derivative financial instruments credit risk

Ferrellgas is exposed to credit loss in the event of nonperformance by counterparties to derivative financial and commodity instruments. Ferrellgas’ counterparties principally consist of major energy companies and major U.S. financial institutions. Ferrellgas maintains credit policies with regard to its counterparties that it believes reduce its overall credit risk. These policies include evaluating and monitoring its counterparties’ financial condition, including their credit ratings, and entering into agreements with counterparties that govern credit limits. Certain of these agreements call for the posting of collateral by the counterparty or by Ferrellgas in the forms of letters of credit, parent guarantees or cash. Ferrellgas has concentrations of credit risk associated with derivative financial instruments held by certain derivative financial instrument counterparties. If these counterparties that make up the concentration failed to perform according to the terms of their contracts at October 31, 2021, the maximum amount of loss due to credit risk that Ferrellgas would incur based upon the gross fair values of the derivative financial instruments is zero.

From time to time Ferrellgas enters into derivative contracts that have credit-risk-related contingent features which dictate credit limits based upon Ferrellgas’ debt rating. There were no open derivative contracts with credit-risk-related contingent features as of October 31, 2021.

Ferrellgas, L.P. [Member]

Derivative [Line Items]

Derivative Instruments and Hedging Activities

K. Derivative instruments and hedging activities

Ferrellgas, L.P. is exposed to certain market risks related to its ongoing business operations. These risks include exposure to changing commodity prices as well as fluctuations in interest rates. Ferrellgas, L.P. utilizes derivative instruments to manage its exposure to fluctuations in commodity prices. Of these, the propane commodity derivative instruments are designated as cash flow hedges.

Derivative instruments and hedging activity

During the three months ended October 31, 2021 and 2020, Ferrellgas, L.P. did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of financial derivative contract gains or losses from the assessment of hedge effectiveness related to commodity cash flow hedges.

The following tables provide a summary of the fair value of derivatives within Ferrellgas, L.P.’s condensed consolidated balance sheets as of October 31, 2021 and July 31, 2021:


	Final	October 31, 2021
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2023
Commodity derivatives-propane		Price risk management asset	$	129,389	Other current liabilities	$	7,650
Commodity derivatives-propane		Other assets, net		19,267	Other liabilities		898
		Total	$	148,656	Total	$	8,548


	Final	July 31, 2021
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2021
Commodity derivatives-propane		Price risk management asset	$	78,001	Other current liabilities	$	3,429
Commodity derivatives-propane		Other assets, net		16,243	Other liabilities		1,029
		Total	$	94,244	Total	$	4,458

Ferrellgas, L.P.’s exchange traded commodity derivative contracts require cash margin deposit as collateral for contracts that are in a negative mark-to-market position. These cash margin deposits will be returned if mark-to-market conditions improve or will be applied against cash settlement when the contracts are settled. Liabilities represent cash margin deposits received by Ferrellgas, L.P. for contracts that are in a positive mark-to-market position. The following tables provide a summary of cash margin balances as of October 31, 2021 and July 31, 2021, respectively:


	October 31, 2021
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	31,129	Other current liabilities	$	126,325
	Other assets, net		3,511	Other liabilities		18,392
		$	34,640		$	144,717


	July 31, 2021
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	21,068	Other current liabilities	$	79,178
	Other assets, net		3,036	Other liabilities		15,489
		$	24,104		$	94,667

The following tables provide a summary of the effect on Ferrellgas, L.P.’s condensed consolidated statements of comprehensive income (loss) for the three months ended October 31, 2021 and 2020 due to derivatives designated as cash flow hedging instruments:


	For the three months ended October 31, 2021
				Amount of Gain (Loss)
			Location of Gain (Loss)	Reclassified from
	Amount of Gain (Loss)		Reclassified from AOCI	AOCI into Income
Derivative Instrument	Recognized in AOCI		into Income	Effective portion		Ineffective portion
Commodity derivatives	$	72,932	Cost of product sold- propane and other gas liquids sales	$	22,610	$	—
	$	72,932		$	22,610	$	—


	For the three months ended October 31, 2020
				Amount of Gain (Loss)
			Location of Gain (Loss)	Reclassified from
	Amount of Gain (Loss)		Reclassified from AOCI	AOCI into Income
Derivative Instrument	Recognized in AOCI		into Income	Effective portion		Ineffective portion
Commodity derivatives	$	5,767	Cost of product sold- propane and other gas liquids sales	$	(2,150)	$	—
	$	5,767		$	(2,150)	$	—

The changes in derivatives included in AOCI for the three months ended October 31, 2021 and 2020 were as follows:


	For the three months ended October 31,
Gains and losses on derivatives included in AOCI	2021		2020
Beginning balance	$	89,786	$	(2,313)
Change in value of risk management commodity derivatives		72,932		5,767
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		(22,610)		2,150
Ending balance	$	140,108	$	5,604

Ferrellgas, L.P. expects to reclassify net gains of approximately $121.7 million to earnings during the next 12 months. These net gains are expected to be offset by decreased margins on propane sales commitments Ferrellgas, L.P. has with its customers that qualify for the normal purchase normal sale exception.

During the three months ended October 31, 2021 and 2020, Ferrellgas, L.P. had no reclassifications to operations resulting from the discontinuance of any cash flow hedges arising from the probability of the original forecasted transactions not occurring within the originally specified period of time defined within the hedging relationship.

As of October 31, 2021, Ferrellgas, L.P. had financial derivative contracts covering 7.2 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

Derivative financial instruments credit risk

Ferrellgas, L.P. is exposed to credit loss in the event of nonperformance by counterparties to derivative financial and commodity instruments. Ferrellgas, L.P.’s counterparties principally consist of major energy companies and major U.S. financial institutions. Ferrellgas, L.P. maintains credit policies with regard to its counterparties that it believes reduce its overall credit risk. These policies include evaluating and monitoring its counterparties’ financial condition, including their credit ratings, and entering into agreements with counterparties that govern credit limits. Certain of these agreements call for the posting of collateral by the counterparty or by Ferrellgas, L.P. in the forms of letters of credit, parent guarantees or cash. Ferrellgas, L.P. has concentrations of credit risk associated with derivative financial instruments held by certain derivative financial instrument counterparties. If these counterparties that make up the concentration failed to perform according to the terms of their contracts at October 31, 2021, the maximum amount of loss due to credit risk that Ferrellgas, L.P. would incur based upon the gross fair values of the derivative financial instruments is zero.

From time to time Ferrellgas, L.P. enters into derivative contracts that have credit-risk-related contingent features which dictate credit limits based upon Ferrellgas, L.P.’s debt rating. There were no open derivative contracts with credit-risk-related contingent features as of October 31, 2021.

Transactions With Related Parties

3 Months Ended

Oct. 31, 2021

L. 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 condensed consolidated statements of operations as follows:


	For the three months ended October 31,
	2021		2020
Operating expense	$	64,949	$	60,980

General and administrative expense	$	6,229	$	6,719

See additional discussions about transactions with the general partner and related parties in Note H – Equity.

Term loan credit agreement with Ferrellgas Partners, L.P.

On January 8, 2021, Ferrellgas Partners, L.P. entered into a term loan credit agreement with Ferrellgas, L.P., pursuant to which Ferrellgas, L.P. extended to Ferrellgas Partners, L.P. an unsecured, non-amortizing term loan in the aggregate principal amount of $19.9 million. The term loan bears interest at a rate of 20% per annum, and all interest on the term loan will be added to the outstanding principal amount of the term loan. The term loan will mature on July 1, 2022. During July 2021, Ferrellgas Partners made an optional prepayment of $9.0 million principal amount of the term loan. The outstanding principal and accrued interest at October 31, 2021 was $13.8 million.

Ferrellgas, L.P. [Member]

L. Transactions with related parties

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


	For the three months ended October 31,
	2021		2020
Operating expense	$	64,949	$	60,980

General and administrative expense	$	6,229	$	6,719

See additional discussions about transactions with the general partner and related parties in Note H – Equity.

Term loan credit agreement with Ferrellgas Partners, L.P.

On January 8, 2021, Ferrellgas, L.P. entered into a term loan credit agreement pursuant to which Ferrellgas, L.P. extended to Ferrellgas Partners, L.P. an unsecured, non-amortizing term loan in the aggregate principal amount of $19.9 million. The term loan bears interest at a rate of 20% per annum, and all interest on the term loan will be added to the outstanding principal amount of the term loan. The term loan will mature on July 1, 2022. During July 2021, Ferrellgas Partners made an optional prepayment of $9.0 million principal amount of the term loan. The outstanding principal and accrued interest at October 31, 2021 was $13.8 million.

Contingencies And Commitments	3 Months Ended
Contingencies And Commitments	Oct. 31, 2021
Loss Contingencies [Line Items]
Contingencies And Commitments	M. Contingencies and commitments Litigation Ferrellgas’ operations are subject to all operating hazards and risks normally incidental to handling, storing, transporting and otherwise providing for use by consumers of combustible liquids such as propane and, prior to the sales of midstream operations in fiscal 2018, crude oil. As a result, at any given time, Ferrellgas can be threatened with or named as a defendant in various lawsuits arising in the ordinary course of business. Other than as discussed below, Ferrellgas is not a party to any legal proceedings other than various claims and lawsuits arising in the ordinary course of business. It is not possible to determine the ultimate disposition of these matters; however, management is of the opinion that there are no known claims or contingent claims that are reasonably expected to have a material adverse effect on the consolidated financial condition, results of operations and cash flows of Ferrellgas. Ferrellgas has been named as a defendant, along with a competitor, in putative class action lawsuits filed in multiple jurisdictions. The lawsuits, which were consolidated in the Western District of Missouri on October 16, 2014, allege that Ferrellgas and a competitor coordinated in 2008 to reduce the fill level in barbeque cylinders and combined to persuade a common customer to accept that fill reduction, resulting in increased cylinder costs to direct customers and end-user customers in violation of federal and certain state antitrust laws. The lawsuits seek treble damages, attorneys’ fees, injunctive relief and costs on behalf of the putative class. These lawsuits have been coordinated for pretrial purposes by the multidistrict litigation panel. The Federal Court for the Western District of Missouri initially dismissed all claims brought by direct and indirect customers other than state law claims of indirect customers under Wisconsin, Maine and Vermont law. The direct customer plaintiffs filed an appeal, which resulted in a reversal of the district court’s dismissal. We filed a petition for a writ of certiorari which was denied. An appeal by the indirect customer plaintiffs resulted in the court of appeals affirming the dismissal of the federal claims and remanding the case to the district court to decide whether to exercise supplemental jurisdiction over the remaining state law claims. Thereafter, in August 2019, Ferrellgas reached a settlement with the direct customers, pursuant to which it agreed to pay a total of $6.25 million to resolve all claims asserted by the putative direct purchaser class. With respect to the indirect customers, the district court exercised supplemental jurisdiction over the remaining state law claims, but then granted in part Ferrellgas’ pleadings-based motion and dismissed 11 of the 24 remaining state law claims. As a result, there were 13 remaining state law claims brought by a putative class of indirect customers. On September 23, 2021 the court held an oral argument on the indirect purchaser plaintiffs’ motion for class certification. Thereafter, the court denied the indirect purchaser plaintiffs’ motion for class certification, and a final order on the motion was entered by the Court on November 9, 2021. At this point the only remaining claims are the 13 named plaintiffs’ individual state claims, which has the effect of substantially reducing the Ferrellgas potential liability. Ferrellgas believes it has strong defenses and intends to vigorously defend itself against these remaining claims. Ferrellgas does not believe loss is probable or reasonably estimable at this time related to the putative class action lawsuit. Ferrellgas and Bridger Logistics, LLC (“Bridger”), have been named, along with two former officers (“Rios and Gamboa”), in a lawsuit filed by Eddystone Rail Company ("Eddystone") on February 2, 2017 in the Eastern District of Pennsylvania (the "EDPA Lawsuit"). Eddystone indicated that it has prevailed in or settled an arbitration against Jamex Transfer Services (“JTS”), previously named Bridger Transfer Services, a former subsidiary of Bridger. The arbitration involved a claim against JTS for money due for deficiency payments under a contract for the use of an Eddystone facility used to offload crude from rail onto barges. Eddystone alleges that Ferrellgas transferred assets out of JTS prior to the sale of the membership interest in JTS to Jamex Transfer Holdings, and that those transfers should be avoided so that the assets can be used to satisfy the amount owed by JTS to Eddystone as a result of the arbitration. Eddystone also alleges that JTS was an “alter ego” of Bridger and Ferrellgas and that Bridger and Ferrellgas breached both an implicit contract as well as fiduciary duties allegedly owed to Eddystone as a creditor of JTS. Ferrellgas believes that Ferrellgas and Bridger have valid defenses to these claims and to Eddystone’s primary claim against JTS for breach of contract. If Eddystone ultimately prevails, however, Ferrellgas believes that the amount of damages awarded could be material to Ferrellgas. Ferrellgas intends to vigorously defend this claim. On August 24, 2017, Ferrellgas filed a third-party complaint against JTS, Jamex Transfer Holdings, and other related persons and entities (the "Third-Party Defendants"), asserting claims for breach of contract, indemnification of any losses in the EDPA Lawsuit, tortious interference with contract, and contribution. On June 25, 2018, Ferrellgas entered into an agreement with the Third-Party Defendants which, among other things, resulted in a dismissal of the claims against the Third-Party Defendants from the lawsuit. Virtually all discovery has been completed and the lawsuit is proceeding toward the summary judgment stage. As such, management does not currently believe a loss is probable or reasonably estimable at this time. However, we may enter into settlement discussions at any time. Long-term debt related commitments Ferrellgas has long and short-term payment obligations under agreements such as the indentures governing its senior notes. See Note F – Debt – for a description of these debt obligations and a schedule of future maturities.
Ferrellgas Partners Finance Corp. [Member]
Loss Contingencies [Line Items]
Contingencies And Commitments	B. Contingencies and commitments The Finance Corp. serves as co-issuer and co-obligor for debt securities of Ferrellgas Partners. At July 31, 2020, the Finance Corp. was liable as co-issuer and co-obligor for the $357.0 million aggregate principal amount of Ferrellgas Partners’ unsecured senior notes due June 15, 2020 (the “Ferrellgas Partners Notes”), which Ferrellgas Partners failed to repay, and which obligation was only reported on Ferrellgas Partners’ condensed consolidated balance sheet. On March 30, 2021, Ferrellgas Partners issued 1.3 million of its Class B Units in exchange for the holders’ contribution of the Ferrellgas Partners Notes to Ferrellgas Partners as a capital contribution and in satisfaction of such holders’ claims in respect of the Ferrellgas Partners Notes. As of October 31, 2021, Ferrellgas Partners had no debt securities outstanding, and the Finance Corp. therefore was not liable as co-issuer for any such debt securities.
Ferrellgas, L.P. [Member]
Loss Contingencies [Line Items]
Contingencies And Commitments	M. Contingencies and commitments Litigation Ferrellgas, L.P.’s operations are subject to all operating hazards and risks normally incidental to handling, storing, transporting and otherwise providing for use by consumers of combustible liquids such as propane and, prior to the sales of midstream operations in fiscal 2018, crude oil. As a result, at any given time, Ferrellgas, L.P. can be threatened with or named as a defendant in various lawsuits arising in the ordinary course of business. Other than as discussed below, Ferrellgas, L.P. is not a party to any legal proceedings other than various claims and lawsuits arising in the ordinary course of business. It is not possible to determine the ultimate disposition of these matters; however, management is of the opinion that there are no known claims or contingent claims that are reasonably expected to have a material adverse effect on the consolidated financial condition, results of operations and cash flows of Ferrellgas, L.P. Ferrellgas, L.P. has been named as a defendant, along with a competitor, in putative class action lawsuits filed in multiple jurisdictions. The lawsuits, which were consolidated in the Western District of Missouri on October 16, 2014, allege that Ferrellgas and a competitor coordinated in 2008 to reduce the fill level in barbeque cylinders and combined to persuade a common customer to accept that fill reduction, resulting in increased cylinder costs to direct customers and end-user customers in violation of federal and certain state antitrust laws. The lawsuits seek treble damages, attorneys’ fees, injunctive relief and costs on behalf of the putative class. These lawsuits have been coordinated for pretrial purposes by the multidistrict litigation panel. The Federal Court for the Western District of Missouri initially dismissed all claims brought by direct and indirect customers other than state law claims of indirect customers under Wisconsin, Maine and Vermont law. The direct customer plaintiffs filed an appeal, which resulted in a reversal of the district court’s dismissal. We filed a petition for a writ of certiorari which was denied. An appeal by the indirect customer plaintiffs resulted in the court of appeals affirming the dismissal of the federal claims and remanding the case to the district court to decide whether to exercise supplemental jurisdiction over the remaining state law claims. Thereafter, in August 2019, Ferrellgas, L.P. reached a settlement with the direct customers, pursuant to which it agreed to pay a total of $6.25 million to resolve all claims asserted by the putative direct purchaser class. With respect to the indirect customers, the district court exercised supplemental jurisdiction over the remaining state law claims, but then granted in part Ferrellgas’ pleadings-based motion and dismissed 11 of the 24 remaining state law claims. As a result, there were 13 remaining state law claims brought by a putative class of indirect customers. On September 23, 2021 the court held an oral argument on the indirect purchaser plaintiffs’ motion for class certification. Thereafter, the court denied the indirect purchaser plaintiffs’ motion for class certification, and a final order on the motion was entered by the Court on November 9, 2021. At this point the only remaining claims are the 13 named plaintiffs’ individual state claims, which has the effect of substantially reducing the Ferrellgas, L.P. potential liability. Ferrellgas, L.P. believes it has strong defenses and intends to vigorously defend itself against these remaining claims. Ferrellgas, L.P. does not believe loss is probable or reasonably estimable at this time related to the putative class action lawsuit. Ferrellgas, L.P. and Bridger Logistics, LLC (“Bridger”), have been named, along with two former officers (“Rios and Gamboa”), in a lawsuit filed by Eddystone Rail Company ("Eddystone") on February 2, 2017 in the Eastern District of Pennsylvania (the "EDPA Lawsuit"). Eddystone indicated that it has prevailed in or settled an arbitration against Jamex Transfer Services (“JTS”), previously named Bridger Transfer Services, a former subsidiary of Bridger. The arbitration involved a claim against JTS for money due for deficiency payments under a contract for the use of an Eddystone facility used to offload crude from rail onto barges. Eddystone alleges that Ferrellgas transferred assets out of JTS prior to the sale of the membership interest in JTS to Jamex Transfer Holdings, and that those transfers should be avoided so that the assets can be used to satisfy the amount owed by JTS to Eddystone as a result of the arbitration. Eddystone also alleges that JTS was an “alter ego” of Bridger and Ferrellgas and that Bridger and Ferrellgas breached both an implicit contract as well as fiduciary duties allegedly owed to Eddystone as a creditor of JTS. Ferrellgas believes that Ferrellgas and Bridger have valid defenses to these claims and to Eddystone’s primary claim against JTS for breach of contract. If Eddystone ultimately prevails, however, Ferrellgas believes that the amount of damages awarded, could be material to Ferrellgas. Ferrellgas intends to vigorously defend this claim. On August 24, 2017, Ferrellgas filed a third-party complaint against JTS, Jamex Transfer Holdings, and other related persons and entities (the "Third-Party Defendants"), asserting claims for breach of contract, indemnification of any losses in the EDPA Lawsuit, tortious interference with contract, and contribution. On June 25, 2018, Ferrellgas entered into an agreement with the Third-Party Defendants which, among other things, resulted in a dismissal of the claims against the Third-Party Defendants from the lawsuit. Virtually all discovery has been completed and the lawsuit is proceeding toward the summary judgment stage. As such, management does not currently believe a loss is probable or reasonably estimable at this time. However, we may enter into settlement discussions at any time. Long-term debt-related commitments Ferrellgas, L.P. has long and short-term payment obligations under agreements such as the indentures governing its senior notes. See Note F – Debt – for a description of these debt obligations and a schedule of future maturities.
Ferrellgas Finance Corp. [Member]
Loss Contingencies [Line Items]
Contingencies And Commitments	B. Contingencies and commitments The Finance Corp. serves as co-issuer and co-obligor for debt securities of the operating partnership. At July 31, 2020, the Finance Corp. was liable as co-issuer and co-obligor for the operating partnership’s (i) $500 million aggregate principal amount of unsecured senior notes due 2021, (ii) $475 million aggregate principal amount of unsecured senior notes due 2022, (iii) $500 million aggregate principal amount of unsecured senior notes due 2023, and (iv) $700 million aggregate principal amount of senior secured notes due 2025, which obligations were only reported on the operating partnership’s condensed consolidated balance sheet. The senior notes due 2021, senior notes due 2022 and senior notes due 2023 were redeemed on April 5, 2021, and the senior secured notes due 2025 were redeemed on March 30, 2021. As of October 31, 2021, the Finance Corp. was liable as co-issuer and co-obligor for the operating partnership’s (i) $650 million aggregate principal amount of unsecured senior notes due 2026 and (ii) $825 million aggregate principal amount of unsecured senior notes due 2029, each of which were issued on March 30, 2021 and which obligations are only reported on the operating partnership’s condensed consolidated balance sheet.

Net Earnings (Loss) Per Unitholders' Interest

3 Months Ended

Oct. 31, 2021

Earnings Per Share [Abstract]

Net Earnings (Loss) Per Unitholders' Interest

N. Net earnings (loss) per unitholders’ interest

Below is a calculation of the basic and diluted net loss per Class A Unitholders’ interest in the condensed consolidated statements of operations for the periods indicated:


	For the three months ended October 31,
	2021		2020

Class A Unitholders’ interest in net loss	$	(25,525)	$	(45,601)
Weighted average Class A Units outstanding (in thousands)		4,857.6		4,857.6
Basic and diluted net loss per Class A Unit	$	(5.25)	$	(9.39)

Class B Units considerations

The Class B Units meet the definition of a participating security and the two-class method is required. For any periods in which earnings are recognized, the earnings will be allocated between the Class B Units and the Class A Units on a six-to-one basis. For any periods in which losses are recognized, no effect is given to the Class B Units as they do not contractually participate in the losses of Ferrellgas.

In addition, Ferrellgas has the option to redeem all, but not less than all, of the Class B Units outstanding at any time on or prior to the fifth anniversary of the Effective Date for cash. This call option does not impact the dilutive effect of net loss per Class A Unit due to the cash-only redemption provision, which is assumed, and therefore there would be no dilutive effect.

Subsequent Events	3 Months Ended
Subsequent Events	Oct. 31, 2021
Subsequent Event [Line Items]
Subsequent Events	O. Subsequent events Ferrellgas has evaluated events and transactions occurring after the balance sheet date through the date Ferrellgas’ condensed consolidated financial statements were issued and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its condensed consolidated financial statements.
Ferrellgas Partners Finance Corp. [Member]
Subsequent Event [Line Items]
Subsequent Events	C. Subsequent events The Finance Corp. has evaluated events and transactions occurring after the balance sheet date through the date the Finance Corp.’s condensed consolidated financial statements were issued and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its condensed consolidated financial statements.
Ferrellgas, L.P. [Member]
Subsequent Event [Line Items]
Subsequent Events	N. Subsequent events Ferrellgas, L.P. has evaluated events and transactions occurring after the balance sheet date through the date Ferrellgas, L.P.’s condensed consolidated financial statements were issued and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its condensed consolidated financial statements.
Ferrellgas Finance Corp. [Member]
Subsequent Event [Line Items]
Subsequent Events	C. Subsequent events The Finance Corp. has evaluated events and transactions occurring after the balance sheet date through the date the Finance Corp.’s condensed consolidated financial statements were issued and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its condensed consolidated financial statements.

Summary Of Significant Accounting Policies (Policy)	3 Months Ended
Summary Of Significant Accounting Policies (Policy)	Oct. 31, 2021
Significant Accounting Policies
New accounting standards	No new accounting standards were adopted during the current quarter.
Ferrellgas, L.P. [Member]
Significant Accounting Policies
New accounting standards	No new accounting standards were adopted during the current quarter.

Leases (Tables)

3 Months Ended

Oct. 31, 2021

Schedule of Lease Assets and Liabilities


Leases	Classification		October 31, 2021		July 31, 2021
Assets
Operating lease assets	Operating lease right-of-use assets	$	87,379	$	87,611
Financing lease assets	Other assets, net		33,814		34,858
Total leased assets		$	121,193	$	122,469

Liabilities
Current
Operating	Current operating lease liabilities	$	27,207	$	25,363
Financing	Other current liabilities		5,811		7,479
Noncurrent
Operating	Operating lease liabilities		72,117		74,349
Financing	Other liabilities		27,801		28,029
Total leased liabilities		$	132,936	$	135,220

Schedule of Lease Costs


		For the three months ended October 31,
Leases expense	Classification	2021		2020

Operating lease expense	Operating expense - personnel, vehicle, plant and other	$	1,709	$	1,783
	Operating expense - equipment lease expense		5,232		6,442
	Cost of sales - propane and other gas liquids sales		440		526
	General and administrative expense		473		282
Total operating lease expense			7,854		9,033

Short-term expense	Operating expense - personnel, vehicle, plant and other		1,808		2,033
	General and administrative expense		86		242
Total short-term expense			1,894		2,275

Variable lease expense	Operating expense - personnel, vehicle, plant and other		770		746
	Operating expense - equipment lease expense		458		388
Total variable lease expense			1,228		1,134

Finance lease expense:
Amortization of leased assets	Depreciation and amortization expense		851		2,165
Interest on lease liabilities	Interest expense		938		945
Total finance lease expense			1,789		3,110

Total lease expense (a)		$	12,765	$	15,552

(a)

Schedule of Minimum Annual Payments Under Existing Operating Leases


Maturities of lease liabilities		Operating leases		Finance leases		Total
2022	$	23,351	$	6,607	$	29,958
2023		40,085		8,095		48,180
2024		20,801		7,869		28,670
2025		14,305		7,766		22,071
2026		5,663		6,913		12,576
Thereafter		17,746		4,943		22,689
Total lease payments	$	121,951	$	42,193	$	164,144
Less: Imputed interest		22,627		8,581		31,208
Present value of lease liabilities	$	99,324	$	33,612	$	132,936

Schedule of Minimum Annual Payments Under Existing Finance Leases


Maturities of lease liabilities		Operating leases		Finance leases		Total
2022	$	23,351	$	6,607	$	29,958
2023		40,085		8,095		48,180
2024		20,801		7,869		28,670
2025		14,305		7,766		22,071
2026		5,663		6,913		12,576
Thereafter		17,746		4,943		22,689
Total lease payments	$	121,951	$	42,193	$	164,144
Less: Imputed interest		22,627		8,581		31,208
Present value of lease liabilities	$	99,324	$	33,612	$	132,936

Schedule of Operating and Finance Lease Assumptions


	As of October 31, 2021
Lease type	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	4.6	7.9%
Finance leases	5.2	8.6%

Schedule of Cash Flow Information


	For the three months ended October 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	5,579	$	8,395

Cash paid for amounts included in the measurement of lease liabilities for financing leases:
Operating cash flows	$	768	$	877
Financing cash flows	$	1,698	$	1,703

Ferrellgas, L.P. [Member]

Schedule of Lease Assets and Liabilities


Leases	Classification		October 31, 2021		July 31, 2021
Assets
Operating lease assets	Operating lease right-of-use assets	$	87,379	$	87,611
Financing lease assets	Other assets, net		33,814		34,858
Total leased assets		$	121,193	$	122,469

Liabilities
Current
Operating	Current operating lease liabilities	$	27,207	$	25,363
Financing	Other current liabilities		5,811		7,479
Noncurrent
Operating	Operating lease liabilities		72,117		74,349
Financing	Other liabilities		27,801		28,029
Total leased liabilities		$	132,936	$	135,220

Schedule of Lease Costs


		For the three months ended October 31,
Leases expense	Classification	2021		2020

Operating lease expense	Operating expense - personnel, vehicle, plant and other	$	1,709	$	1,783
	Operating expense - equipment lease expense		5,232		6,442
	Cost of sales - propane and other gas liquids sales		440		526
	General and administrative expense		473		282
Total operating lease expense			7,854		9,033

Short-term expense	Operating expense - personnel, vehicle, plant and other		1,808		2,033
	General and administrative expense		86		242
Total short-term expense			1,894		2,275

Variable lease expense	Operating expense - personnel, vehicle, plant and other		770		746
	Operating expense - equipment lease expense		458		388
Total variable lease expense			1,228		1,134

Finance lease expense:
Amortization of leased assets	Depreciation and amortization expense		851		2,165
Interest on lease liabilities	Interest expense		938		945
Total finance lease expense			1,789		3,110

Total lease expense (a)		$	12,765	$	15,552

(a)

Schedule of Minimum Annual Payments Under Existing Operating Leases


Maturities of lease liabilities		Operating leases		Finance leases		Total
2022	$	23,351	$	6,607	$	29,958
2023		40,085		8,095		48,180
2024		20,801		7,869		28,670
2025		14,305		7,766		22,071
2026		5,663		6,913		12,576
Thereafter		17,746		4,943		22,689
Total lease payments	$	121,951	$	42,193	$	164,144
Less: Imputed interest		22,627		8,581		31,208
Present value of lease liabilities	$	99,324	$	33,612	$	132,936

Schedule of Minimum Annual Payments Under Existing Finance Leases


Maturities of lease liabilities		Operating leases		Finance leases		Total
2022	$	23,351	$	6,607	$	29,958
2023		40,085		8,095		48,180
2024		20,801		7,869		28,670
2025		14,305		7,766		22,071
2026		5,663		6,913		12,576
Thereafter		17,746		4,943		22,689
Total lease payments	$	121,951	$	42,193	$	164,144
Less: Imputed interest		22,627		8,581		31,208
Present value of lease liabilities	$	99,324	$	33,612	$	132,936

Schedule of Operating and Finance Lease Assumptions


	As of October 31, 2021
Lease type	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	4.6	7.9%
Finance leases	5.2	8.6%

Schedule of Cash Flow Information


	For the three months ended October 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	5,579	$	8,395

Cash paid for amounts included in the measurement of lease liabilities for financing leases:
Operating cash flows	$	768	$	877
Financing cash flows	$	1,698	$	1,703

Supplemental Financial Statement Information (Tables)

3 Months Ended

Oct. 31, 2021

Supplemental Financial Statement Information [Line Items]

Schedule Of Inventories


	October 31, 2021		July 31, 2021
Propane gas and related products	$	118,113	$	75,848
Appliances, parts and supplies, and other		13,167		12,531
Inventories	$	131,280	$	88,379

Prepaid Expenses and Other Current Assets


	October 31, 2021		July 31, 2021
Broker margin deposit assets	$	31,129	$	21,068
Other		28,471		18,024
Prepaid expenses and other current assets	$	59,600	$	39,092

Other Current Liabilities


	October 31, 2021		July 31, 2021
Accrued interest	$	8,468	$	29,095
Customer deposits and advances		48,442		35,734
Accrued payroll		15,117		28,143
Accrued insurance		12,698		11,104
Accrued senior preferred units distributions		17,345		16,013
Other		52,239		46,733
Other current liabilities	$	154,309	$	166,822

Shipping And Handling Expenses


	For the three months ended October 31,
	2021		2020
Operating expense - personnel, vehicle, plant and other	$	54,447	$	47,531
Depreciation and amortization expense		2,535		4,523
Operating expense - equipment lease expense		4,535		5,883
	$	61,517	$	57,937

Cash and Cash Equivalents


	October 31, 2021		July 31, 2021
Cash and cash equivalents	$	157,351	$	270,452
Restricted cash (1)		11,500		11,500
Cash, cash equivalents and restricted cash	$	168,851	$	281,952

(1)

Cash Flow Supplemental Disclosures


	For the three months ended October 31,
	2021		2020
Cash paid for:
Interest	$	44,152	$	36,997
Income taxes	$	—	$	35
Non-cash investing and financing activities:
Liabilities incurred in connection with acquisitions	$	644	$	—
Change in accruals for property, plant and equipment additions	$	65	$	(65)
Lease liabilities arising from operating right-of-use assets	$	7,558	$	366
Lease liabilities arising from finance right-of-use assets	$	812	$	554
Accrued senior preferred units distributions	$	17,005	$	—

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information [Line Items]

Schedule Of Inventories


	October 31, 2021		July 31, 2021
Propane gas and related products	$	118,113	$	75,848
Appliances, parts and supplies, and other		13,167		12,531
Inventories	$	131,280	$	88,379

Prepaid Expenses and Other Current Assets


	October 31, 2021		July 31, 2021
Broker margin deposit assets	$	31,129	$	21,068
Other		28,450		18,005
Prepaid expenses and other current assets	$	59,579	$	39,073

Other Current Liabilities


	October 31, 2021		July 31, 2021
Accrued interest	$	8,468	$	29,095
Customer deposits and advances		48,442		35,734
Accrued payroll		15,117		11,104
Accrued insurance		12,698		28,143
Accrued senior preferred units distributions		17,345		16,013
Other		52,021		46,515
Other current liabilities	$	154,091	$	166,604

Shipping And Handling Expenses


	For the three months ended October 31,
	2021		2020
Operating expense - personnel, vehicle, plant and other	$	54,447	$	47,531
Depreciation and amortization expense		2,535		4,523
Operating expense - equipment lease expense		4,535		5,883
	$	61,517	$	57,937

Cash and Cash Equivalents


	October 31, 2021		July 31, 2021
Cash and cash equivalents	$	157,111	$	270,188
Restricted cash (1)		11,500		11,500
Cash, cash equivalents and restricted cash	$	168,611	$	281,688

(1)

Cash Flow Supplemental Disclosures


	For the three months ended October 31,
	2021		2020
Cash paid for:
Interest	$	44,152	$	36,997
Income taxes	$	—	$	35
Non-cash investing and financing activities:
Liabilities incurred in connection with acquisitions	$	644	$	—
Change in accruals for property, plant and equipment additions	$	65	$	(65)
Lease liabilities arising from operating right-of-use assets	$	7,558	$	366
Lease liabilities arising from finance right-of-use assets	$	812	$	554
Accrued senior preferred units distributions	$	17,005	$	—

Accounts And Notes Receivable, Net (Tables)

3 Months Ended

Oct. 31, 2021

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts And Notes Receivable


	October 31, 2021		July 31, 2021
Accounts receivable	$	167,505	$	135,182
Note receivable		13,648		13,648
Less: Allowance for expected credit losses		(17,680)		(17,256)
Accounts and notes receivable, net	$	163,473	$	131,574

Ferrellgas, L.P. [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts And Notes Receivable


	October 31, 2021		July 31, 2021
Accounts receivable	$	167,505	$	135,182
Note receivable		13,648		13,648
Less: Allowance for expected credit losses		(17,680)		(17,256)
Accounts and notes receivable, net	$	163,473	$	131,574

Debt (Tables)

3 Months Ended

Oct. 31, 2021

Debt Instrument [Line Items]

Schedule of Debt Components


	October 31, 2021		July 31, 2021
Unsecured senior notes
Fixed rate, 5.375%, due 2026 (1)	$	650,000	$	650,000
Fixed rate, 5.875%, due 2029 (1)		825,000		825,000

Notes payable
8.5% and 8.8% weighted average interest rate at October 31, 2021 and July 31, 2021, respectively, due 2021 to 2029, net of unamortized discount of $648 and $573 at October 31, 2021 and July 31, 2021, respectively		5,181		3,882
Total debt, excluding unamortized debt issuance and other costs		1,480,181		1,478,882
Unamortized debt issuance and other costs		(31,207)		(32,322)
Less: current portion of long-term debt		2,079		1,670
Long-term debt	$	1,446,895	$	1,444,890

(1)

Scheduled Annual Principal Payments On Long-term Debt


	Scheduled
Payment due by fiscal year	principal payments
2022	$	1,075
2023		1,709
2024		1,139
2025		930
2026		650,710
Thereafter		825,266
Total	$	1,480,829

Ferrellgas, L.P. [Member]

Debt Instrument [Line Items]

Schedule of Debt Components


	October 31, 2021		July 31, 2021
Unsecured senior notes
Fixed rate, 5.375%, due 2026 (1)	$	650,000	$	650,000
Fixed rate, 5.875%, due 2029 (1)		825,000		825,000

Notes payable
8.5% and 8.8% weighted average interest rate at October 31, 2021 and July 31, 2021, respectively, due 2021 to 2029, net of unamortized discount of $648 and $573 at October 31, 2021 and July 31, 2021, respectively		5,181		3,882
Total debt, excluding unamortized debt issuance and other costs		1,480,181		1,478,882
Unamortized debt issuance and other costs		(31,207)		(32,322)
Less: current portion of long-term debt		2,079		1,670
Long-term debt	$	1,446,895	$	1,444,890

(1)

Scheduled Annual Principal Payments On Long-term Debt


Payment due by fiscal year	Scheduled principal payments
2022	$	1,075
2023		1,709
2024		1,139
2025		930
2026		650,710
Thereafter		825,266
Total	$	1,480,829

Equity (Tables)

3 Months Ended

Oct. 31, 2021

Limited Partners' Capital Account [Line Items]

Schedule of units conversion


Year Post-Emergence	Conversion Factor
Year 1	1.75x
Year 2	2.00x
Year 3	3.50x
Year 4	4.00x
Year 5	5.00x
Year 6	6.00x
Year 7	7.00x
Year 8	10.00x
Year 9	12.00x
Year 10	25.00x

Limited Partner Units


	October 31, 2021	July 31, 2021
Public Class A Unitholders (1)	3,480,621	3,480,621
Ferrell Companies (2)	1,126,468	1,126,468
FCI Trading Corp. (3)	9,784	9,784
Ferrell Propane, Inc. (4)	2,560	2,560
James E. Ferrell (5)	238,172	238,172

(1)	These Class A Units are traded on the OTC Pink Market under the symbol “FGPR”.

(2)

(3)	FCI Trading is an affiliate of the general partner and thus a related party.

(4)	Ferrell Propane is controlled by the general partner and thus a related party.

(5)

Ferrellgas, L.P. [Member]

Limited Partners' Capital Account [Line Items]

Ferrellgas Recognized Cash Distributions


	For the three months ended October 31,
	2021		2020
Ferrellgas Partners	$	50,000	$	—
General partner		—		—

Revenue from contracts with customers (Tables)

3 Months Ended

Oct. 31, 2021

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue [Table Text Block]


	For the three months ended October 31,
	2021		2020
Retail - Sales to End Users	$	252,510	$	174,645
Wholesale - Sales to Resellers		113,971		102,612
Other Gas Sales		6,223		3,792
Other		21,802		19,845
Propane and related equipment revenues	$	394,506	$	300,894

Contract with Customer, Asset and Liability [Table Text Block]


	October 31, 2021		July 31, 2021
Accounts receivable	$	175,871	$	138,757
Contract assets	$	5,283	$	10,074
Contract liabilities
Deferred revenue (1)	$	62,365	$	49,354

(1)	Of the beginning balance of deferred revenue, $10.5 million was recognized as revenue during the three months ended October 31, 2021.

Ferrellgas, L.P. [Member]

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue [Table Text Block]


	For the three months ended October 31,
	2021		2020
Retail - Sales to End Users	$	252,510	$	174,645
Wholesale - Sales to Resellers		113,971		102,612
Other Gas Sales		6,223		3,792
Other		21,802		19,845
Propane and related equipment revenues	$	394,506	$	300,894

Contract with Customer, Asset and Liability [Table Text Block]


	October 31, 2021		July 31, 2021
Accounts receivable	$	175,871	$	138,757
Contract assets	$	5,283	$	10,074
Contract liabilities
Deferred revenue (1)	$	62,365	$	49,354

(1)	Of the beginning balance of deferred revenue, $10.5 million was recognized as revenue during the three months ended October 31, 2021.

Fair Value Measurement (Tables)

3 Months Ended

Oct. 31, 2021

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets and Liabilities Fair Value Hierarchy


	Asset (Liability)
	Quoted Prices in Active
	Markets for Identical		Significant Other
	Assets and Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
October 31, 2021:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	148,656	$	—	$	148,656
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(8,548)	$	—	$	(8,548)

July 31, 2021:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	94,244	$	—	$	94,244
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(4,458)	$	—	$	(4,458)

Ferrellgas, L.P. [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets and Liabilities Fair Value Hierarchy


	Asset (Liability)
	Quoted Prices in Active
	Markets for Identical		Significant Other
	Assets and Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
October 31, 2021:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	148,656	$	—	$	148,656
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(8,548)	$	—	$	(8,548)

July 31, 2021:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	94,244	$	—	$	94,244
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(4,458)	$	—	$	(4,458)

Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Oct. 31, 2021

Fair Value of Financial Derivatives Balance Sheet Locations


	Final	October 31, 2021
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2023
Commodity derivatives-propane		Price risk management asset	$	129,389	Other current liabilities	$	7,650
Commodity derivatives-propane		Other assets, net		19,267	Other liabilities		898
		Total	$	148,656	Total	$	8,548


	Final	July 31, 2021
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2021
Commodity derivatives-propane		Price risk management asset	$	78,001	Other current liabilities	$	3,429
Commodity derivatives-propane		Other assets, net		16,243	Other liabilities		1,029
		Total	$	94,244	Total	$	4,458

Offsetting Assets And Liabilities [Table Text Block]


	October 31, 2021
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	31,129	Other current liabilities	$	126,325
	Other assets, net		3,511	Other liabilities		18,392
		$	34,640		$	144,717


	July 31, 2021
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	21,068	Other current liabilities	$	79,178
	Other assets, net		3,036	Other liabilities		15,489
		$	24,104		$	94,667

Cash Flow Hedge Derivative Effect on Comprehensive Income


	For the three months ended October 31, 2021
				Amount of Gain (Loss)
	Amount of Gain		Location of Gain (Loss)	Reclassified from
	(Loss) Recognized in		Reclassified from	AOCI into Income
Derivative Instrument	AOCI		AOCI into Income	Effective portion		Ineffective portion
Commodity derivatives	$	72,932	Cost of product sold- propane and other gas liquids sales	$	22,610	$	—
	$	72,932		$	22,610	$	—


	For the three months ended October 31, 2020
				Amount of Gain (Loss)
	Amount of Gain (Loss)		Location of Gain (Loss)	Reclassified from
	Recognized in		Reclassified from	AOCI into Income
Derivative Instrument	AOCI		AOCI into Income	Effective portion		Ineffective portion
Commodity derivatives	$	5,767	Cost of product sold- propane and other gas liquids sales	$	(2,150)	$	—
	$	5,767		$	(2,150)	$	—

Changes in Derivatives Included in Accumulated Other Comprehensive Income


	For the three months ended October 31,
Gains and losses on derivatives included in AOCI	2021		2020
Beginning balance (1)	$	89,786	$	(2,313)
Change in value of risk management commodity derivatives		72,932		5,767
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		(22,610)		2,150
Ending balance (1)	$	140,108	$	5,604

(1)

Ferrellgas, L.P. [Member]

Fair Value of Financial Derivatives Balance Sheet Locations


	Final	October 31, 2021
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2023
Commodity derivatives-propane		Price risk management asset	$	129,389	Other current liabilities	$	7,650
Commodity derivatives-propane		Other assets, net		19,267	Other liabilities		898
		Total	$	148,656	Total	$	8,548


	Final	July 31, 2021
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2021
Commodity derivatives-propane		Price risk management asset	$	78,001	Other current liabilities	$	3,429
Commodity derivatives-propane		Other assets, net		16,243	Other liabilities		1,029
		Total	$	94,244	Total	$	4,458

Offsetting Assets And Liabilities [Table Text Block]


	October 31, 2021
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	31,129	Other current liabilities	$	126,325
	Other assets, net		3,511	Other liabilities		18,392
		$	34,640		$	144,717


	July 31, 2021
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	21,068	Other current liabilities	$	79,178
	Other assets, net		3,036	Other liabilities		15,489
		$	24,104		$	94,667

Cash Flow Hedge Derivative Effect on Comprehensive Income


	For the three months ended October 31, 2021
				Amount of Gain (Loss)
			Location of Gain (Loss)	Reclassified from
	Amount of Gain (Loss)		Reclassified from AOCI	AOCI into Income
Derivative Instrument	Recognized in AOCI		into Income	Effective portion		Ineffective portion
Commodity derivatives	$	72,932	Cost of product sold- propane and other gas liquids sales	$	22,610	$	—
	$	72,932		$	22,610	$	—


	For the three months ended October 31, 2020
				Amount of Gain (Loss)
			Location of Gain (Loss)	Reclassified from
	Amount of Gain (Loss)		Reclassified from AOCI	AOCI into Income
Derivative Instrument	Recognized in AOCI		into Income	Effective portion		Ineffective portion
Commodity derivatives	$	5,767	Cost of product sold- propane and other gas liquids sales	$	(2,150)	$	—
	$	5,767		$	(2,150)	$	—

Changes in Derivatives Included in Accumulated Other Comprehensive Income


	For the three months ended October 31,
Gains and losses on derivatives included in AOCI	2021		2020
Beginning balance	$	89,786	$	(2,313)
Change in value of risk management commodity derivatives		72,932		5,767
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		(22,610)		2,150
Ending balance	$	140,108	$	5,604

Transactions With Related Parties (Tables)

3 Months Ended

Oct. 31, 2021

Allocation Of Transactions With Related Parties


	For the three months ended October 31,
	2021		2020
Operating expense	$	64,949	$	60,980

General and administrative expense	$	6,229	$	6,719

Ferrellgas, L.P. [Member]

Allocation Of Transactions With Related Parties


	For the three months ended October 31,
	2021		2020
Operating expense	$	64,949	$	60,980

General and administrative expense	$	6,229	$	6,719

Net Earnings (Loss) Per Unitholders' Interest (Tables)

3 Months Ended

Oct. 31, 2021

Earnings Per Share [Abstract]

Basic And Diluted Net Earnings Per Unitholders' Interest


	For the three months ended October 31,
	2021		2020

Class A Unitholders’ interest in net loss	$	(25,525)	$	(45,601)
Weighted average Class A Units outstanding (in thousands)		4,857.6		4,857.6
Basic and diluted net loss per Class A Unit	$	(5.25)	$	(9.39)

Partnership Organization And Formation (Details)		3 Months Ended
Partnership Organization And Formation (Details)	Mar. 30, 2021 USD ($) item	Oct. 31, 2021 USD ($) employee item subsidiary shares	Oct. 31, 2020	Jul. 31, 2021 USD ($) shares
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of states in which entity operates		50
Senior preferred units, units outstanding \| shares		700,000		700,000
Preferred Units aggregate initial liquidation preference	$ 700,000,000.0
Senior preferred units, carrying amount		$ 651,349,000		$ 651,349,000
Aggregate redemption price	$ 2,175,000,000.0
Number of employees \| employee		0
Class A Limited Partner Units
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Conversion ratio	0.05
Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount	$ 357,000,000.0
Interest rate, as a percent	8.625%
Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of subsidiaries \| item	2
Proceeds from issuance of long-term debt	$ 1,441,200,000
Senior Notes 5.375 Percent Due 2026 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount	$ 650,000,000.0
Interest rate, as a percent	5.375%	5.375%		5.375%
Senior Notes 5.875 Percent Due 2029 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount	$ 825,000,000.0
Interest rate, as a percent	5.875%	5.875%		5.875%
Fixed rate 10.00% Due 2025
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Interest rate, as a percent	10.00%
Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Interest rate, as a percent	6.50%
Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Interest rate, as a percent	6.75%
Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Interest rate, as a percent	6.75%
Revolving Credit Facility [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Debt Instrument, Term	4 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 350,000,000.0
Sublimit, initial period	$ 225,000,000.0
Duration of initial period for sublimit	60 days
Sublimit, after initial period	$ 200,000,000.0
Ferrellgas Partners LP [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of subsidiaries \| subsidiary		2
Ferrellgas Partners LP [Member] \| Ferrellgas, L.P. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Limited partner interest		99.00%
Ferrellgas Partners LP [Member] \| Ferrellgas Partners Finance Corp. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage		100.00%
Ferrell Companies [Member] \| Ferrellgas Partners LP [Member] \| Class A Limited Partner Units
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage		23.40%
Ferrellgas Inc., General Partner [Member] \| Ferrellgas [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
General partner ownership interest		2.00%	2.00%
Ferrellgas Inc., General Partner [Member] \| Ferrellgas Partners LP [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
General partner ownership interest		1.00%
Ferrellgas Inc., General Partner [Member] \| Ferrellgas, L.P. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
General partner ownership interest		1.0101%	1.0101%
Ferrellgas, L.P. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of states in which entity operates \| item		50
Senior preferred units, units outstanding \| shares		700,000		700,000
Preferred Units aggregate initial liquidation preference	$ 700,000,000.0
Senior preferred units, carrying amount		$ 651,349,000		$ 651,349,000
Number of employees \| employee		0
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of subsidiaries \| item	2
Proceeds from issuance of long-term debt	$ 1,441,200,000
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount	$ 650,000,000.0
Interest rate, as a percent	5.375%	5.375%		5.375%
Ferrellgas, L.P. [Member] \| Senior Notes 5.875 Percent Due 2029 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount	$ 825,000,000.0
Interest rate, as a percent	5.875%	5.875%		5.875%
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Debt Instrument, Term	4 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 350,000,000.0
Sublimit, initial period	$ 225,000,000.0
Duration of initial period for sublimit	60 days
Sublimit, after initial period	$ 200,000,000.0
Ferrellgas, L.P. [Member] \| Ferrellgas Finance Corp. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage		100.00%
Ferrellgas Partners Finance Corp. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Common stock shares outstanding \| shares		1,000		1,000
Corporation formation proceeds from partnership		$ 1,000
Corporation formation shares granted to partnership \| shares		1,000
Number of employees \| employee		0
Ferrellgas Finance Corp. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Common stock shares outstanding \| shares		1,000		1,000
Corporation formation proceeds from partnership		$ 1,000
Corporation formation shares granted to partnership \| shares		1,000
Number of employees \| employee		0
Ferrellgas Employee Stock Ownership Trust [Member] \| Ferrell Companies [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage		100.00%

Leases - Assets and Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Assets and Liabilities, Lessee [Abstract]
Operating Lease, Right-of-Use Asset	$ 87,379	$ 87,611
Finance Lease, Right-of-Use Asset	$ 33,814	34,858
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent
Total leased assets	$ 121,193	122,469
Operating Lease, Liability, Current	27,207	25,363
Finance Lease, Liability, Current	$ 5,811	7,479
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current
Operating Lease, Liability, Noncurrent	$ 72,117	74,349
Finance Lease, Liability, Noncurrent	$ 27,801	28,029
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent
Total leased liabilities	$ 132,936	135,220
Ferrellgas, L.P. [Member]
Assets and Liabilities, Lessee [Abstract]
Operating Lease, Right-of-Use Asset	87,379	87,611
Finance Lease, Right-of-Use Asset	$ 33,814	34,858
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent
Total leased assets	$ 121,193	122,469
Operating Lease, Liability, Current	27,207	25,363
Finance Lease, Liability, Current	$ 5,811	7,479
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current
Operating Lease, Liability, Noncurrent	$ 72,117	74,349
Finance Lease, Liability, Noncurrent	$ 27,801	28,029
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent
Total leased liabilities	$ 132,936	$ 135,220

Leases - Lease Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
Leases - Lease Expenses (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Oct. 31, 2020
Lease, Cost [Abstract]
Operating lease expense, net	$ 7,854	$ 9,033
Short-term expense	1,894	2,275
Variable lease expense	1,228	1,134
Total finance lease expense	1,789	3,110
Total lease expense	12,765	15,552
Midstream Operations [Member]
Lease, Cost [Abstract]
Total lease expense	200	100
Operating expenses - personnel, vehicle, plant and other
Lease, Cost [Abstract]
Operating lease expense, net	1,709	1,783
Short-term expense	1,808	2,033
Variable lease expense	770	746
Operating expense - equipment lease expense
Lease, Cost [Abstract]
Operating lease expense, net	5,232	6,442
Variable lease expense	458	388
Cost of Sales [Member]
Lease, Cost [Abstract]
Operating lease expense, net	440	526
General and Administrative Expense [Member]
Lease, Cost [Abstract]
Operating lease expense, net	473	282
Short-term expense	86	242
Depreciation And Amortization Expense [Member]
Lease, Cost [Abstract]
Amortization of leased assets	851	2,165
Interest Expense [Member]
Lease, Cost [Abstract]
Interest on lease liabilities	938	945
Ferrellgas, L.P. [Member]
Lease, Cost [Abstract]
Operating lease expense, net	7,854	9,033
Short-term expense	1,894	2,275
Variable lease expense	1,228	1,134
Total finance lease expense	1,789	3,110
Total lease expense	12,765	15,552
Ferrellgas, L.P. [Member] \| Midstream Operations [Member]
Lease, Cost [Abstract]
Total lease expense	200	100
Ferrellgas, L.P. [Member] \| Operating expenses - personnel, vehicle, plant and other
Lease, Cost [Abstract]
Operating lease expense, net	1,709	1,783
Short-term expense	1,808	2,033
Variable lease expense	770	746
Ferrellgas, L.P. [Member] \| Operating expense - equipment lease expense
Lease, Cost [Abstract]
Operating lease expense, net	5,232	6,442
Variable lease expense	458	388
Ferrellgas, L.P. [Member] \| Cost of Sales [Member]
Lease, Cost [Abstract]
Operating lease expense, net	440	526
Ferrellgas, L.P. [Member] \| General and Administrative Expense [Member]
Lease, Cost [Abstract]
Operating lease expense, net	473	282
Short-term expense	86	242
Ferrellgas, L.P. [Member] \| Depreciation And Amortization Expense [Member]
Lease, Cost [Abstract]
Amortization of leased assets	851	2,165
Ferrellgas, L.P. [Member] \| Interest Expense [Member]
Lease, Cost [Abstract]
Interest on lease liabilities	$ 938	$ 945

Leases - Maturity (Details) $ in Thousands	Oct. 31, 2021 USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022	$ 23,351
2023	40,085
2024	20,801
2025	14,305
2026	5,663
Thereafter	17,746
Total lease payments, Operating Leases	121,951
Less: Imputed interest	22,627
Present value of lease liabilities, Operating Leases	99,324
Finance Lease, Liability, Payment, Due [Abstract]
2022	6,607
2023	8,095
2024	7,869
2025	7,766
2026	6,913
Thereafter	4,943
Total lease payments, Finance Leases	42,193
Less: Imputed interest	8,581
Present value of lease liabilities, Finance Leases	33,612
Operating And Finance Lease Liabilities Payments Due [Abstract]
2022	29,958
2023	48,180
2024	28,670
2025	22,071
2026	12,576
Thereafter	22,689
Total lease payments	164,144
Less: Imputed interest	31,208
Present value of lease liabilities	132,936
Ferrellgas, L.P. [Member]
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022	23,351
2023	40,085
2024	20,801
2025	14,305
2026	5,663
Thereafter	17,746
Total lease payments, Operating Leases	121,951
Less: Imputed interest	22,627
Present value of lease liabilities, Operating Leases	99,324
Finance Lease, Liability, Payment, Due [Abstract]
2022	6,607
2023	8,095
2024	7,869
2025	7,766
2026	6,913
Thereafter	4,943
Total lease payments, Finance Leases	42,193
Less: Imputed interest	8,581
Present value of lease liabilities, Finance Leases	33,612
Operating And Finance Lease Liabilities Payments Due [Abstract]
2022	29,958
2023	48,180
2024	28,670
2025	22,071
2026	12,576
Thereafter	22,689
Total lease payments	164,144
Less: Imputed interest	31,208
Present value of lease liabilities	$ 132,936

Leases - Assumptions (Details)	Oct. 31, 2021
Lessee Disclosure [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	4 years 7 months 6 days
Finance Lease, Weighted Average Remaining Lease Term	5 years 2 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	7.90%
Finance Lease, Weighted Average Discount Rate, Percent	8.60%
Ferrellgas, L.P. [Member]
Lessee Disclosure [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	4 years 7 months 6 days
Finance Lease, Weighted Average Remaining Lease Term	5 years 2 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	7.90%
Finance Lease, Weighted Average Discount Rate, Percent	8.60%

Leases - Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended
Leases - Cash Flow (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Oct. 31, 2020
Operating cash flows, operating leases	$ 5,579	$ 8,395
Operating cash flows, financing leases	768	877
Financing cash flows, financing leases	1,698	1,703
Ferrellgas, L.P. [Member]
Operating cash flows, operating leases	5,579	8,395
Operating cash flows, financing leases	768	877
Financing cash flows, financing leases	$ 1,698	$ 1,703

Supplemental Information - Inventories (Details) $ in Thousands, gal in Millions	3 Months Ended
	Oct. 31, 2021 USD ($) gal	Jul. 31, 2021 USD ($)
Supplemental Financial Statement Information [Line Items]
Propane gas and related products	$ 118,113	$ 75,848
Appliances, parts and supplies	13,167	12,531
Inventories	$ 131,280	88,379
Supply procurement contract duration	36 months
Net procurement of fixed priced propane by Ferrellgas in gallons \| gal	2.5
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Propane gas and related products	$ 118,113	75,848
Appliances, parts and supplies	13,167	12,531
Inventories	$ 131,280	$ 88,379
Supply procurement contract duration	36 months
Net procurement of fixed priced propane by Ferrellgas in gallons \| gal	2.5

Supplemental Information - Prepaids and Other Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Supplemental Financial Statement Information [Line Items]
Broker margin deposit assets	$ 31,129	$ 21,068
Other assets, net	28,471	18,024
Prepaid expenses and other current assets	59,600	39,092
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Broker margin deposit assets	31,129	21,068
Other assets, net	28,450	18,005
Prepaid expenses and other current assets	$ 59,579	$ 39,073

Supplemental Information - Other Current Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Supplemental Financial Statement Information [Line Items]
Accrued interest	$ 8,468	$ 29,095
Customer deposits and advances	48,442	35,734
Accrued payroll	15,117	28,143
Accrued insurance	12,698	11,104
Accrued senior preferred units distributions	17,345	16,013
Other	52,239	46,733
Other current liabilities	154,309	166,822
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Accrued interest	8,468	29,095
Customer deposits and advances	48,442	35,734
Accrued payroll	15,117	11,104
Accrued insurance	12,698	28,143
Accrued senior preferred units distributions	17,345	16,013
Other	52,021	46,515
Other current liabilities	$ 154,091	$ 166,604

Supplemental Information - Shipping and Handling (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	$ 117,112	$ 109,027
Depreciation and amortization expense	20,295	21,390
Operating expense - equipment lease expense	5,690	6,830
Shipping and Handling [Member]
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	54,447	47,531
Depreciation and amortization expense	2,535	4,523
Operating expense - equipment lease expense	4,535	5,883
Costs and Expenses, Total	61,517	57,937
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	117,112	109,027
Depreciation and amortization expense	20,295	21,390
Operating expense - equipment lease expense	5,690	6,830
Ferrellgas, L.P. [Member] \| Shipping and Handling [Member]
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	54,447	47,531
Depreciation and amortization expense	2,535	4,523
Operating expense - equipment lease expense	4,535	5,883
Costs and Expenses, Total	$ 61,517	$ 57,937

Supplemental Information - Cash (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Supplemental Financial Statement Information [Line Items]
Cash and cash equivalents	$ 157,351		$ 270,452
Restricted cash	11,500		11,500
Cash deposit against contingencies	11,500		11,500
Cash and cash equivalents and restricted cash	168,851	$ 299,527	281,952	$ 333,761
Cash paid for interest	44,152	36,997
Income taxes		35
Noncash Investing and Financing Items [Abstract]
Liabilities incurred in connection with acquisitions	644
Change in accruals for property, plant and equipment additions	65	(65)
Lease liabilities arising from operating right-of-use assets	7,558	366
Lease liabilities arising from finance right-of-use assets	812	554
Accrued senior preferred units distribution	17,005
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Cash and cash equivalents	157,111		270,188
Restricted cash	11,500		11,500
Cash deposit against contingencies	11,500		11,500
Cash and cash equivalents and restricted cash	168,611	299,522	$ 281,688	$ 333,755
Cash paid for interest	44,152	36,997
Income taxes		35
Noncash Investing and Financing Items [Abstract]
Liabilities incurred in connection with acquisitions	644
Change in accruals for property, plant and equipment additions	65	(65)
Lease liabilities arising from operating right-of-use assets	7,558	366
Lease liabilities arising from finance right-of-use assets	812	$ 554
Accrued senior preferred units distribution	$ 17,005

Accounts And Notes Receivable, Net (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 167,505	$ 135,182
Notes receivable, current portion	13,648	13,648
Less: Allowance for expected credit losses	(17,680)	(17,256)
Accounts and notes receivable, net	163,473	131,574
Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	167,505	135,182
Notes receivable, current portion	13,648	13,648
Less: Allowance for expected credit losses	(17,680)	(17,256)
Accounts and notes receivable, net	$ 163,473	$ 131,574

Debt - Components Of Long-Term Debt (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021	Mar. 30, 2021
Schedule of Capitalization, Long-term Debt [Line Items]
Total long-term debt	$ 1,480,181	$ 1,478,882
Unamortized debt issuance and other costs	(31,207)	(32,322)
Less: current portion of long-term debt	2,079	1,670
Long-term debt	1,446,895	1,444,890
Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Interest rate, as a percent			6.50%
Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Interest rate, as a percent			6.75%
Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Interest rate, as a percent			6.75%
Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Interest rate, as a percent			8.625%
Senior Notes 5.375 Percent Due 2026 [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 650,000	$ 650,000
Interest rate, as a percent	5.375%	5.375%	5.375%
Senior Notes 5.875 Percent Due 2029 [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 825,000	$ 825,000
Interest rate, as a percent	5.875%	5.875%	5.875%
Fixed rate 10.00% Due 2025
Schedule of Capitalization, Long-term Debt [Line Items]
Interest rate, as a percent			10.00%
Notes payable Due 2021 to 2029
Schedule of Capitalization, Long-term Debt [Line Items]
Notes payable	$ 5,181	$ 3,882
Unamortized discount	$ 648	$ 573
Debt, Weighted Average Interest Rate	8.50%	8.80%
Ferrellgas, L.P. [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Total long-term debt	$ 1,480,181	$ 1,478,882
Unamortized debt issuance and other costs	(31,207)	(32,322)
Less: current portion of long-term debt	2,079	1,670
Long-term debt	1,446,895	1,444,890
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 650,000	$ 650,000
Interest rate, as a percent	5.375%	5.375%	5.375%
Ferrellgas, L.P. [Member] \| Senior Notes 5.875 Percent Due 2029 [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 825,000	$ 825,000
Interest rate, as a percent	5.875%	5.875%	5.875%
Ferrellgas, L.P. [Member] \| Notes payable Due 2021 to 2029
Schedule of Capitalization, Long-term Debt [Line Items]
Notes payable	$ 5,181	$ 3,882
Unamortized discount	$ 648	$ 573
Debt, Weighted Average Interest Rate	8.50%	8.80%

Debt - Long-Term Debt Activity (Details) $ in Millions	Mar. 30, 2021 USD ($) item	Oct. 31, 2021	Jul. 31, 2021
Debt Instrument [Line Items]
Aggregate redemption price	$ 2,175.0
Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Debt Instrument [Line Items]
Interest rate, as a percent	6.50%
Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Debt Instrument [Line Items]
Interest rate, as a percent	6.75%
Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Debt Instrument [Line Items]
Interest rate, as a percent	6.75%
Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 357.0
Interest rate, as a percent	8.625%
Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	$ 1,441.2
Number Of Entity Subsidiaries \| item	2
Senior Notes 5.375 Percent Due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 650.0
Interest rate, as a percent	5.375%	5.375%	5.375%
Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 825.0
Interest rate, as a percent	5.875%	5.875%	5.875%
Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Interest rate, as a percent	10.00%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Term	4 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 350.0
Sublimit, after initial period	$ 200.0
Duration of initial period for sublimit	60 days
Sublimit, initial period	$ 225.0
Borrowing base, fixed portion	$ 200.0
Additional capacity, percentage applied to accounts receivable	80.00%
Additional capacity, percentage applied to inventory	70.00%
Revolving Credit Facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Interest rate, as a percent	0.50%
Revolving Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Interest rate, as a percent	1.00%
Revolving Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Undrawn funds fee (as a percent)	0.50%
Revolving Credit Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Undrawn funds fee (as a percent)	0.375%
Eurodollar Loans [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)	3.00%
Eurodollar Loans [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)	2.50%
Non-Eurodollar Loans [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)	2.00%
Non-Eurodollar Loans [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)	1.50%
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt	$ 1,441.2
Number Of Entity Subsidiaries \| item	2
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 650.0
Interest rate, as a percent	5.375%	5.375%	5.375%
Ferrellgas, L.P. [Member] \| Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 825.0
Interest rate, as a percent	5.875%	5.875%	5.875%
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Term	4 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 350.0
Sublimit, after initial period	$ 200.0
Duration of initial period for sublimit	60 days
Sublimit, initial period	$ 225.0
Borrowing base, fixed portion	$ 200.0
Additional capacity, percentage applied to accounts receivable	80.00%
Additional capacity, percentage applied to inventory	70.00%
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Interest rate, as a percent	0.50%
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Interest rate, as a percent	1.00%
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Undrawn funds fee (as a percent)	0.50%
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Undrawn funds fee (as a percent)	0.375%
Ferrellgas, L.P. [Member] \| Eurodollar Loans [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)	3.00%
Ferrellgas, L.P. [Member] \| Eurodollar Loans [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)	2.50%
Ferrellgas, L.P. [Member] \| Non-Eurodollar Loans [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)	2.00%
Ferrellgas, L.P. [Member] \| Non-Eurodollar Loans [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)	1.50%

Debt - Covenants and Loss on Extinguishment (Details) $ in Millions	Mar. 30, 2021 USD ($) item
Debt Instrument [Line Items]
Outstanding borrowing repaid	$ 2,175.0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Term	4 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 350.0
Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Number of quarters for required fixed charge coverage ratio \| item	4
Proceeds from issuance of long-term debt	$ 1,441.2
Senior Notes 5.375 Percent Due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	650.0
Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	825.0
Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 357.0
Maximum [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Secured leverage ratio	2.50
Maximum [Member] \| Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Total net leverage ratio	5.0
Required fixed charge coverage ratio	1.75%
Maximum [Member] \| Debt Covenant, First Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio	5.50
Maximum [Member] \| Debt Covenant, Second Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio	5.25
Maximum [Member] \| Debt Covenant, Third Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio	5.00
Maximum [Member] \| Debt Covenant, Fourth Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio	4.75
Minimum [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest coverage ratio	2.50
Available capacity necessary for cash distributions	$ 50.0
Available capacity as percentage of Borrowing Base, necessary for cash distributions	15.00%
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Available capacity necessary for cash distributions	$ 50.0
Available capacity as percentage of Borrowing Base, necessary for cash distributions	15.00%
Debt Instrument, Term	4 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 350.0
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Number of quarters for required fixed charge coverage ratio \| item	4
Proceeds from issuance of long-term debt	$ 1,441.2
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	650.0
Ferrellgas, L.P. [Member] \| Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 825.0
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Secured leverage ratio	2.50
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Total net leverage ratio	5.0
Required fixed charge coverage ratio	1.75%
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Debt Covenant, First Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio	5.50
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Debt Covenant, Second Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio	5.25
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Debt Covenant, Third Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio	5.00
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Debt Covenant, Fourth Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio	4.75
Ferrellgas, L.P. [Member] \| Minimum [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest coverage ratio	2.50

Debt Maturities (Details) $ in Thousands	Oct. 31, 2021 USD ($)
Debt Instrument [Line Items]
2022	$ 1,075
2023	1,709
2024	1,139
2025	930
2026	650,710
Thereafter	825,266
Total long-term debt	1,480,829
Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
2022	1,075
2023	1,709
2024	1,139
2025	930
2026	650,710
Thereafter	825,266
Total long-term debt	$ 1,480,829

Debt - Security (Details) - USD ($) $ in Millions	Oct. 31, 2021	Jul. 31, 2021
Debt Instrument [Line Items]
Letters of credit outstanding	$ 97.5	$ 107.7
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Available borrowing capacity	252.5
Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
Letters of credit outstanding	97.5	$ 107.7
Available borrowing capacity	$ 252.5

Preferred Units - Issuance (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 30, 2021	Oct. 31, 2021	Jul. 31, 2021
Temporary Equity [Line Items]
Preferred units issued (in shares)	700,000
Preferred Units aggregate initial liquidation preference	$ 700.0
Purchase price per Preferred Units	$ 1,000
Purchase price discount	3.00%
Aggregate purchase price	$ 679.0
Net proceeds from the issuance and sale of the Preferred Units	$ 651.3
Senior preferred units, units outstanding		700,000	700,000
Ferrellgas, L.P. [Member]
Temporary Equity [Line Items]
Preferred units issued (in shares)	700,000
Preferred Units aggregate initial liquidation preference	$ 700.0
Purchase price per Preferred Units	$ 1,000
Purchase price discount	3.00%
Aggregate purchase price	$ 679.0
Net proceeds from the issuance and sale of the Preferred Units	$ 651.3
Senior preferred units, units outstanding		700,000	700,000

Preferred Units - Issuer Redemption Right (Details) $ / shares in Units, $ in Millions	Mar. 30, 2021 USD ($) $ / shares
Temporary Equity [Line Items]
Redemption right price percentage MOIC	1.47
Purchase price per Preferred Units \| $ / shares	$ 1,000
Redemption right price percentage of IRR	12.25%
Basis point added	150
Partial redemption minimum amount \| $	$ 25.0
Ferrellgas, L.P. [Member]
Temporary Equity [Line Items]
Redemption right price percentage MOIC	1.47
Purchase price per Preferred Units \| $ / shares	$ 1,000
Redemption right price percentage of IRR	12.25%
Basis point added	150
Partial redemption minimum amount \| $	$ 25.0

Preferred Units - Investor Redemption Right (Details)	Mar. 30, 2021 D shares
Temporary Equity [Line Items]
Percentage of preferred units held	33.30%
Percentage of preferred units held by initial affiliated purchasers	25.00%
Days for consummation of sale and payment of redemption price in full \| D	180
Class B Limited Partner Units
Temporary Equity [Line Items]
Threshold units outstanding for right to fully redeem outstanding units in cash	0
Threshold units outstanding for right to trigger sale	0
Preferred Units [Member]
Temporary Equity [Line Items]
Threshold units outstanding for right to trigger sale	233,300
Preferred Units [Member] \| Maximum [Member]
Temporary Equity [Line Items]
Threshold units outstanding for right to fully redeem outstanding units in cash	233,300
Ferrellgas, L.P. [Member]
Temporary Equity [Line Items]
Percentage of preferred units held	33.30%
Percentage of preferred units held by initial affiliated purchasers	25.00%
Days for consummation of sale and payment of redemption price in full \| D	180
Ferrellgas, L.P. [Member] \| Class B Limited Partner Units
Temporary Equity [Line Items]
Threshold units outstanding for right to fully redeem outstanding units in cash	0
Threshold units outstanding for right to trigger sale	0
Ferrellgas, L.P. [Member] \| Preferred Units [Member]
Temporary Equity [Line Items]
Threshold units outstanding for right to trigger sale	233,300
Ferrellgas, L.P. [Member] \| Preferred Units [Member] \| Maximum [Member]
Temporary Equity [Line Items]
Threshold units outstanding for right to fully redeem outstanding units in cash	233,300

Preferred Units - Distributions (Details) - USD ($) $ in Thousands			3 Months Ended
	Nov. 15, 2021	Mar. 30, 2021	Oct. 31, 2021
Temporary Equity [Line Items]
Quarterly Distribution accrued			$ 17,300
Cash distribution			$ 15,673
Cash tax distribution rate			25.00%
Tax rate multiplied by estimated taxable income percentage			0.25%
Additional distribution, percentage of taxable income			20.00%
Additional distribution, divisor			0.8
Subsequent Event [Member]
Temporary Equity [Line Items]
Cash distribution	$ 15,100
Minimum [Member]
Temporary Equity [Line Items]
Applicable premium distribution rate		0.75
Maximum [Member]
Temporary Equity [Line Items]
Applicable premium distribution rate		3
First Five Years After March 30, 2021 [Member] \| Minimum [Member]
Temporary Equity [Line Items]
Preferred units distribution rate		8.956%
First Five Years After March 30, 2021 [Member] \| Maximum [Member]
Temporary Equity [Line Items]
Preferred units distribution rate		11.125%
Ferrellgas, L.P. [Member]
Temporary Equity [Line Items]
Quarterly Distribution accrued			$ 17,300
Cash distribution			$ 15,673
Cash tax distribution rate			25.00%
Tax rate multiplied by estimated taxable income percentage			0.25%
Additional distribution, percentage of taxable income			20.00%
Additional distribution, divisor			0.8
Ferrellgas, L.P. [Member] \| Minimum [Member]
Temporary Equity [Line Items]
Applicable premium distribution rate		0.75
Ferrellgas, L.P. [Member] \| Maximum [Member]
Temporary Equity [Line Items]
Applicable premium distribution rate		3
Ferrellgas, L.P. [Member] \| First Five Years After March 30, 2021 [Member] \| Minimum [Member]
Temporary Equity [Line Items]
Preferred units distribution rate		8.956%
Ferrellgas, L.P. [Member] \| First Five Years After March 30, 2021 [Member] \| Maximum [Member]
Temporary Equity [Line Items]
Preferred units distribution rate		11.125%

Preferred Units - Board Rights, Protective Provisions (Details)	Mar. 30, 2021 director shares
Temporary Equity [Line Items]
Minimum preferred units outstanding to designate director to board by unit holders	140,000
Number of director to the Board permitted to designate by unit holders \| director	1
Minimum preferred units outstanding for covenant applicability	35,000,000
Ferrellgas, L.P. [Member]
Temporary Equity [Line Items]
Minimum preferred units outstanding to designate director to board by unit holders	140,000
Number of director to the Board permitted to designate by unit holders \| director	1
Minimum preferred units outstanding for covenant applicability	35,000,000

Preferred Units - Restrictions on Cash Distributions (Details) $ in Millions	Mar. 30, 2021 USD ($)
Temporary Equity [Line Items]
Minimum liquidity	$ 100
Period Through May 15, 2022 [Member]
Temporary Equity [Line Items]
Consolidated net leverage ratio	7.25
Period Thereafter [Member]
Temporary Equity [Line Items]
Consolidated net leverage ratio	7.00
Ferrellgas, L.P. [Member]
Temporary Equity [Line Items]
Minimum liquidity	$ 100
Ferrellgas, L.P. [Member] \| Period Through May 15, 2022 [Member]
Temporary Equity [Line Items]
Consolidated net leverage ratio	7.25
Ferrellgas, L.P. [Member] \| Period Thereafter [Member]
Temporary Equity [Line Items]
Consolidated net leverage ratio	7.00

Equity - Reverse Unit Split (Details)	Mar. 30, 2021 shares	Oct. 31, 2021 shares	Jul. 31, 2021 shares
Limited Partners' Capital Account [Line Items]
Limited partner unitholders, units outstanding	97,152,665
Class A Limited Partner Units
Limited Partners' Capital Account [Line Items]
Conversion ratio	0.05
Limited partner unitholders, units outstanding	4,857,605	4,857,605	4,857,605

Equity - Units Issued and Redemption (Details) $ / shares in Units, shares in Millions, $ in Millions	Mar. 30, 2021 USD ($) director $ / shares shares
Limited Partners' Capital Account [Line Items]
Total internal rate of return for redemption	15.85%
Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Limited Partners' Capital Account [Line Items]
Aggregate principal amount	$ 357.0
Interest rate, as a percent	8.625%
Class B Limited Partner Units
Limited Partners' Capital Account [Line Items]
Units issued \| shares	1.3
Distribution ratio	6
Aggregate distributions before conversion	$ 357.0
Distribution amount	$ 356.0
Units redemption option (in years)	5 years
Basis points of internal rate of return for price determination of units redemption	300
Minimum redemption price per unit \| $ / shares	$ 302.08
Option to hold cash period	6 months
Number of independent director to the Board permitted to designate by unit holders \| director	1
Initial Majority Holder of Class B Units Holds At Least 50% of Class B Units [Member] \| Class B Limited Partner Units
Limited Partners' Capital Account [Line Items]
Additional units issued percentage of requisite units held	50.00%
Initial Majority Holder of Class B Units Holds Less Than 50% of Class B Units [Member] \| Class B Limited Partner Units
Limited Partners' Capital Account [Line Items]
Additional units issued percentage of requisite units held	0.33%

Equity - Conversion Factor (Details)	Mar. 30, 2021
Post Emergence Year One [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	1.75
Post Emergence Year Two [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	2.00
Post Emergence Year Three [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	3.50
Post Emergence Year Four [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	4.00
Post Emergence Year Five [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	5.00
Post Emergence Year Six [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	6.00
Post Emergence Year Seven [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	7.00
Post Emergence Year Eight [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	10.00
Post Emergence Year Nine [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	12.00
Post Emergence Year Ten [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	25.00

Equity - Limited Partner Units (Details) - shares	Oct. 31, 2021	Jul. 31, 2021	Mar. 30, 2021
Capital Unit [Line Items]
Limited partner unitholders, units outstanding			97,152,665
Ferrell Companies [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	1,126,468	1,126,468
FCI Trading Corp. [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	9,784	9,784
Ferrell Propane, Inc. [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	2,560	2,560
James E. Ferrell [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	238,172	238,172
Public Common Unitholders [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	3,480,621	3,480,621

Equity - Ownership (Details) - shares	3 Months Ended
Equity - Ownership (Details) - shares	Oct. 31, 2021	Oct. 31, 2020	Jul. 31, 2021	Mar. 30, 2021
Capital Unit [Line Items]
Limited partner unitholders, units outstanding				97,152,665
Minimum percentage ownership of outstanding common units resulting in non voting of owners	20.00%
Ferrell Companies [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	1,126,468		1,126,468
James E. Ferrell [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	238,172		238,172
Ferrellgas Partners LP [Member] \| Ferrell Companies [Member]
Capital Unit [Line Items]
Limited partner ownership interest	23.40%
Ferrellgas, L.P. [Member]
Capital Unit [Line Items]
Limited partner ownership interest	98.00%
Ferrell Companies [Member] \| Ferrellgas Partners LP [Member]
Capital Unit [Line Items]
Limited partner ownership interest	23.00%
FCI Trading Corp. [Member] \| Ferrellgas Partners LP [Member] \| Ferrell Companies [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	9,784
Ferrell Propane, Inc. [Member] \| Ferrellgas Partners LP [Member] \| Ferrell Companies [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	2,560
JEF Capital Management [Member] \| Ferrellgas Partners LP [Member] \| James E. Ferrell [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	237,942
Ferrell Resources Holdings, Inc. [Member] \| Ferrellgas Partners LP [Member] \| James E. Ferrell [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	230
Ferrellgas Inc., General Partner [Member] \| Ferrellgas Partners LP [Member]
Capital Unit [Line Items]
General partner ownership interest	1.00%
Ferrellgas Inc., General Partner [Member] \| Ferrellgas, L.P. [Member]
Capital Unit [Line Items]
Limited partner ownership interest	1.0101%
General partner ownership interest	1.0101%	1.0101%
Ferrellgas Partners LP [Member] \| Ferrellgas, L.P. [Member]
Capital Unit [Line Items]
Limited partner ownership interest	99.00%

Equity - Paid Distributions (Details) - USD ($) $ in Thousands		3 Months Ended
	Oct. 08, 2021	Oct. 31, 2021
Limited Partners' Capital Account [Line Items]
Distributions paid		$ 49,998
Parent [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		49,998
Common Unitholders [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid	$ 49,900
Ferrellgas, L.P. [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		50,000
Ferrellgas, L.P. [Member] \| Ferrellgas Partners LP [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		50,000
Ferrellgas, L.P. [Member] \| Common Unitholders [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		$ 50,000

Equity - Contributions and AOCI (Details) - USD ($)	3 Months Ended
Equity - Contributions and AOCI (Details) - USD ($)	Oct. 31, 2021	Oct. 31, 2020
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	$ 909,000	$ 708,000
General Partner [Member]
Capital Unit [Line Items]
Non-cash contribution	17,000.0	14,000.0
Contributions in connection with non-cash ESOP compensation charges	8,000	7,000
Ferrellgas, L.P. [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	909,000	708,000
Ferrellgas, L.P. [Member] \| Common Unitholders [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	900,000	701,000
Ferrellgas, L.P. [Member] \| General Partner [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	$ 9,000	$ 7,000.0
Ferrellgas Inc., General Partner [Member] \| Ferrellgas, L.P. [Member]
Capital Unit [Line Items]
General partner ownership interest	1.0101%	1.0101%
Ferrellgas Inc., General Partner [Member] \| Ferrellgas Partners LP [Member]
Capital Unit [Line Items]
General partner ownership interest	1.00%

Revenue from contracts with customers (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Jul. 31, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 394,506	$ 300,894
Contract assets and liabilities
Accounts receivable	175,871		$ 138,757
Contract assets	5,283		10,074
Contract liabilities
Deferred revenue	62,365		49,354
Deferred revenue recognized	$ 10,500
Maximum [Member] \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-11-01
Contract liabilities
Remaining performance obligation recognition period	1 year
Propane And Related Equipment [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 394,506	300,894
Retail Sales To End Users [Member]
Disaggregation of Revenue [Line Items]
Revenues	252,510	174,645
Wholesale Sales To Resellers [Member]
Disaggregation of Revenue [Line Items]
Revenues	113,971	102,612
Other Gas Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,223	3,792
Other Revenues
Disaggregation of Revenue [Line Items]
Revenues	21,802	19,845
Ferrellgas, L.P. [Member]
Disaggregation of Revenue [Line Items]
Revenues	394,506	300,894
Contract assets and liabilities
Accounts receivable	175,871		138,757
Contract assets	5,283		10,074
Contract liabilities
Deferred revenue	62,365		$ 49,354
Deferred revenue recognized	$ 10,500
Ferrellgas, L.P. [Member] \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-11-01
Contract liabilities
Remaining performance obligation recognition period	1 year
Ferrellgas, L.P. [Member] \| Propane And Related Equipment [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 394,506	300,894
Ferrellgas, L.P. [Member] \| Retail Sales To End Users [Member]
Disaggregation of Revenue [Line Items]
Revenues	252,510	174,645
Ferrellgas, L.P. [Member] \| Wholesale Sales To Resellers [Member]
Disaggregation of Revenue [Line Items]
Revenues	113,971	102,612
Ferrellgas, L.P. [Member] \| Other Gas Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,223	3,792
Ferrellgas, L.P. [Member] \| Other Revenues
Disaggregation of Revenue [Line Items]
Revenues	$ 21,802	$ 19,845

Fair Value Measurements - Assets and Liabilities (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	$ 148,656	$ 94,244
Commodity derivatives propane swap liabilities	(8,548)	(4,458)
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	148,656	94,244
Commodity derivatives propane swap liabilities	(8,548)	(4,458)
Ferrellgas, L.P. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	148,656	94,244
Commodity derivatives propane swap liabilities	(8,548)	(4,458)
Ferrellgas, L.P. [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	148,656	94,244
Commodity derivatives propane swap liabilities	$ (8,548)	$ (4,458)

Fair Value Measurements - Other Financial Instruments (Details) - Level 2 [Member] - USD ($) $ in Millions	Oct. 31, 2021	Jul. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 1,433.2	$ 1,466.4
Ferrellgas, L.P. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 1,433.2	$ 1,466.4

Derivative Instruments and Hedging Activities - Balance Sheet (Details) - USD ($)	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Jul. 31, 2021
Derivatives, Fair Value [Line Items]
Gain (loss) recognized due to ineffectiveness	$ 0	$ 0
Derivative Asset, Fair Value, Gross Asset	148,656,000		$ 94,244,000
Derivative Liability, Fair Value, Gross Liability	8,548,000		4,458,000
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	129,389,000		78,001,000
Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	7,650,000		3,429,000
Other Assets, Net [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	19,267,000		16,243,000
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	898,000		1,029,000
Ferrellgas, L.P. [Member]
Derivatives, Fair Value [Line Items]
Gain (loss) recognized due to ineffectiveness	0	$ 0
Derivative Asset, Fair Value, Gross Asset	148,656,000		94,244,000
Derivative Liability, Fair Value, Gross Liability	8,548,000		4,458,000
Ferrellgas, L.P. [Member] \| Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	129,389,000		78,001,000
Ferrellgas, L.P. [Member] \| Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	7,650,000		3,429,000
Ferrellgas, L.P. [Member] \| Other Assets, Net [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	19,267,000		16,243,000
Ferrellgas, L.P. [Member] \| Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	$ 898,000		$ 1,029,000

Derivative Instruments and Hedging Activities - Margin Balances (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jul. 31, 2021
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	$ 34,640	$ 24,104
Derivative Liability, Fair Value of Collateral	144,717	94,667
Prepaid Expenses and Other Current Assets [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	31,129	21,068
Other Current Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value of Collateral	126,325	79,178
Other Assets, Net [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	3,511	3,036
Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value of Collateral	18,392	15,489
Ferrellgas, L.P. [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	34,640	24,104
Derivative Liability, Fair Value of Collateral	144,717	94,667
Ferrellgas, L.P. [Member] \| Prepaid Expenses and Other Current Assets [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	31,129	21,068
Ferrellgas, L.P. [Member] \| Other Current Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value of Collateral	126,325	79,178
Ferrellgas, L.P. [Member] \| Other Assets, Net [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	3,511	3,036
Ferrellgas, L.P. [Member] \| Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value of Collateral	$ 18,392	$ 15,489

Derivative Instruments and Hedging Activities - Effect on Comprehensive Income and Change in FV (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI on derivative	$ 72,932	$ 5,767
Amount of gain (loss) reclassified from AOCI into income	22,610	(2,150)
Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI on derivative	72,932	5,767
Cost of Sales [Member] \| Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) reclassified from AOCI into income	22,610	(2,150)
Ferrellgas, L.P. [Member]
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI on derivative	72,932	5,767
Amount of gain (loss) reclassified from AOCI into income	22,610	(2,150)
Ferrellgas, L.P. [Member] \| Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI on derivative	72,932	5,767
Ferrellgas, L.P. [Member] \| Cost of Sales [Member] \| Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) reclassified from AOCI into income	$ 22,610	$ (2,150)

Derivative Instruments and Hedging Activities - AOCI Rollforward (Details) gal in Millions	3 Months Ended
	Oct. 31, 2021 USD ($) gal	Oct. 31, 2020 USD ($)
Derivative [Line Items]
Partners' capital balance, beginning	$ (823,079,000)	$ (1,208,268,000)
Change in value of derivative	72,932,000	5,767,000
Reclassification of (gains) losses on derivatives to earnings, net	(22,610,000)	2,150,000
Partners' capital balance, ending	(847,711,000)	(1,246,096,000)
Reclassification of net gain to earnings during next 12 months	121,700,000
Gain (loss) on discontinuation of cash flow hedge due to forecasted transaction probable of not occurring, net	$ 0	0
Number of barrels of propane covered by cash flow hedges \| gal	7.2
Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
Derivative [Line Items]
Partners' capital balance, beginning	$ 89,786,000	(2,313,000)
Change in value of derivative	72,932,000	5,767,000
Reclassification of (gains) losses on derivatives to earnings, net	(22,610,000)	2,150,000
Partners' capital balance, ending	140,108,000	5,604,000
Non-Controlling Interest [Member]
Derivative [Line Items]
Partners' capital balance, beginning	(7,966,000)	(8,226,000)
Partners' capital balance, ending	(7,702,000)	(8,530,000)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Noncontrolling Interest [Member]
Derivative [Line Items]
Partners' capital balance, beginning	900,000	10,000.0
Partners' capital balance, ending	1,400,000	100,000
Ferrellgas, L.P. [Member]
Derivative [Line Items]
Partners' capital balance, beginning	(806,143,000)	(831,991,000)
Change in value of derivative	72,932,000	5,767,000
Reclassification of (gains) losses on derivatives to earnings, net	(22,610,000)	2,150,000
Partners' capital balance, ending	(830,084,000)	(862,117,000)
Reclassification of net gain to earnings during next 12 months	121,700,000
Gain (loss) on discontinuation of cash flow hedge due to forecasted transaction probable of not occurring, net	$ 0	0
Number of barrels of propane covered by cash flow hedges \| gal	7.2
Ferrellgas, L.P. [Member] \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
Derivative [Line Items]
Partners' capital balance, beginning	$ 89,786,000	(2,313,000)
Change in value of derivative	72,932,000	5,767,000
Reclassification of (gains) losses on derivatives to earnings, net	(22,610,000)	2,150,000
Partners' capital balance, ending	$ 140,108,000	$ 5,604,000

Derivative Instruments and Hedging Activities - Credit Risk (Details)	Oct. 31, 2021 USD ($)
Derivative [Line Items]
Maximum loss due to credit risk	$ 0
Open derivative contracts with credit risk features	0
Ferrellgas, L.P. [Member]
Derivative [Line Items]
Maximum loss due to credit risk	0
Open derivative contracts with credit risk features	$ 0

Transactions With Related Parties (Details) $ in Thousands	1 Months Ended	3 Months Ended
Transactions With Related Parties (Details) $ in Thousands	Jul. 31, 2021 USD ($)	Oct. 31, 2021 USD ($) employee	Oct. 31, 2020 USD ($)	Jan. 08, 2021 USD ($)
Related Party Transaction [Line Items]
Entity Number of Employees \| employee		0
Ferrellgas Inc., General Partner [Member] \| Operating Expense [Member]
Related Party Transaction [Line Items]
Expenses reimbursed to related party		$ 64,949	$ 60,980
Ferrellgas Inc., General Partner [Member] \| General and Administrative Expense [Member]
Related Party Transaction [Line Items]
Expenses reimbursed to related party		$ 6,229	6,719
Ferrellgas, L.P. [Member] \| Related Party Term Loan Credit Agreement [Member]
Related Party Transaction [Line Items]
Aggregate principal amount				$ 19,900
Interest rate, as a percent		20.00%
Note payable		$ 13,800
Prepayment	$ 9,000
Ferrellgas, L.P. [Member]
Related Party Transaction [Line Items]
Entity Number of Employees \| employee		0
Ferrellgas, L.P. [Member] \| Ferrellgas Inc., General Partner [Member] \| Operating Expense [Member]
Related Party Transaction [Line Items]
Expenses reimbursed to related party		$ 64,949	60,980
Ferrellgas, L.P. [Member] \| Ferrellgas Inc., General Partner [Member] \| General and Administrative Expense [Member]
Related Party Transaction [Line Items]
Expenses reimbursed to related party		$ 6,229	$ 6,719
Ferrellgas, L.P. [Member] \| Ferrellgas Partners LP [Member] \| Related Party Term Loan Credit Agreement [Member]
Related Party Transaction [Line Items]
Aggregate principal amount				$ 19,900
Interest rate, as a percent		20.00%
Note payable		$ 13,800
Prepayment	$ 9,000
Ferrellgas Finance Corp. [Member]
Related Party Transaction [Line Items]
Entity Number of Employees \| employee		0
Ferrellgas Partners Finance Corp. [Member]
Related Party Transaction [Line Items]
Entity Number of Employees \| employee		0

Contingencies And Commitments (Details) $ in Thousands, shares in Millions	1 Months Ended	3 Months Ended
	Aug. 31, 2019 USD ($) item	Oct. 31, 2021 USD ($) item	Mar. 30, 2021 shares	Jul. 31, 2020 USD ($)
Class B Limited Partner Units
Loss Contingencies [Line Items]
Units issued \| shares			1.3
Class Action Related To Cylinder Fill Level [Member]
Loss Contingencies [Line Items]
Settlement paid	$ 6,250
Number of claims dismissed \| item	11
Number of cases \| item	24	13
Lawsuit Related To Sale Of Jamex Transfer Services [Member]
Loss Contingencies [Line Items]
Number of former officers \| item		2
Ferrellgas Partners Finance Corp. [Member]
Loss Contingencies [Line Items]
Liability as co-issuer				$ 357,000
Ferrellgas Finance Corp. [Member] \| Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Loss Contingencies [Line Items]
Liability as co-issuer				500,000
Ferrellgas Finance Corp. [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Loss Contingencies [Line Items]
Liability as co-issuer				500,000
Ferrellgas Finance Corp. [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Loss Contingencies [Line Items]
Liability as co-issuer				475,000
Ferrellgas Finance Corp. [Member] \| Fixed rate 10.00% Due 2025
Loss Contingencies [Line Items]
Liability as co-issuer				$ 700,000
Ferrellgas Finance Corp. [Member] \| Senior Notes 5.375 Percent Due 2026 [Member]
Loss Contingencies [Line Items]
Liability as co-issuer		$ 650,000
Ferrellgas Finance Corp. [Member] \| Senior Notes 5.875 Percent Due 2029 [Member]
Loss Contingencies [Line Items]
Liability as co-issuer		$ 825,000
Ferrellgas, L.P. [Member] \| Class Action Related To Cylinder Fill Level [Member]
Loss Contingencies [Line Items]
Settlement paid	$ 6,250
Number of claims dismissed \| item	11
Number of cases \| item	24	13
Ferrellgas, L.P. [Member] \| Lawsuit Related To Sale Of Jamex Transfer Services [Member]
Loss Contingencies [Line Items]
Number of former officers \| item		2

Net Earnings (Loss) Per Unitholders' Interest (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2021 USD ($) $ / shares shares	Oct. 31, 2020 USD ($) $ / shares shares
Earnings Per Share [Abstract]
Limited partner unitholders' interest in net earnings (loss) \| $	$ (25,525)	$ (45,601)
Weighted average common units outstanding, basic and diluted \| shares	4,857,600	4,857,600
Basic and diluted net earnings (loss) per limited partner unit \| $ / shares	$ (5.25)	$ (9.39)
Allocation of earnings to Class B units relative to allocation to Class A units	6