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Ferrellgas Partners, L.P. Declares Third Quarter Distribution

    LIBERTY, Mo., May 20 /PRNewswire-FirstCall/ -- Ferrellgas Partners, L.P.
(NYSE: FGP) has declared a third quarter cash distribution of $0.50 per
partnership common unit.  The distribution is payable June 13, 2003, to common
unitholders of record as of May 30, 2003.
    The distribution covers the period from February 1, 2003, to April 30,
2003, the end of the partnership's third quarter of fiscal year 2003.
Ferrellgas' annualized distribution is currently $2.00 per common unit.
    Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas,
L.P., currently serves more than one million customers in 45 states.
Ferrellgas employees indirectly own more than 17 million common units of the
partnership through an employee stock ownership plan.  Ferrellgas trades on
the New York Stock Exchange under the ticker symbol FGP.  More information
about the company can be found online at http://www.ferrellgas.com .

    CONTACT:  Ryan VanWinkle, Investor Relations, +1-816-792-7998,
Scott Brockelmeyer, Media Relations, +1-816-792-7837, both of Ferrellgas
Partners, L.P.


SOURCE Ferrellgas Partners, L.P.




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