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Ferrellgas Partners, L.P. Declares Third Quarter Cash Distribution

    LIBERTY, Mo., May 20 /PRNewswire-FirstCall/ -- Ferrellgas Partners, L.P.
(NYSE: FGP) today declared a third quarter cash distribution of $0.50 per
partnership common unit.  The distribution is payable June 14, 2002, to common
unitholders of record as of May 31, 2002.
    The distribution covers the period from February 1, 2002, to April 30,
2002, the end of the partnership's third quarter of fiscal 2002.  Ferrellgas
Partners, L.P.'s annualized distribution is currently $2.00 per common unit.
    Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas,
L.P., is one of the largest retail marketers of propane in the United States,
with more than 1 million customers in 45 states and annual sales approaching
1 billion gallons.  Ferrellgas employees indirectly own more than 17 million
units of the partnership through an Employee Stock Ownership Plan.

    For more information, contact:  Investor Relations, Ryan VanWinkle,
816-792-7998, or Media Relations, Scott Brockelmeyer, 816-792-7837, both of
Ferrellgas Partners, L.P.



SOURCE Ferrellgas Partners, L.P.




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Related links:
  • http://www.ferrellgas.com
    CONTACT:
    Investor Relations, Ryan VanWinkle,
    +1-816-792-7998, or Media Relations, Scott Brockelmeyer,
    +1-816-792-7837, both of Ferrellgas Partners, L.P.