NEW YORK (TheStreet) -- Ferrellgas Partners (FGP) - Get Report shares closed trading down 0.65% to $22.78 in intraday trading on Wednesday following the release of the company's second quarter earnings results earlier today.

The propane and midstream operations retail distributor reported second quarter earnings of $1.02 per diluted share, missing analysts' estimates of $1.10 per share by 8 cents. The company generated $666 million in revenue during the period, falling well short of analysts' $819 million expectations.

The company said that lower propane and liquid gas sales were the reason for the miss with total propane sales volume falling 13.3% year-over-year to 297.3 million gallons.

The company reported a 1.7% decline in total profit to $265 million in the quarter.

TheStreet Ratings team rates FERRELLGAS PARTNERS -LP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate FERRELLGAS PARTNERS -LP (FGP) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• You can view the full analysis from the report here: FGP Ratings Report

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