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Ferrellgas Partners, L.P. Declares Third Quarter Distribution

    OVERLAND PARK, Kan., May 23 /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, 2005, to common
unitholders of record as of June 3, 2005.
    The distribution covers the period from February 1, 2005 to April 30,
2005, the end of the partnership's third quarter of fiscal 2005.  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 all 50 states,
Puerto Rico, the U.S. Virgin Islands and Canada. Ferrellgas employees
indirectly own approximately 18 million common units of the partnership
through an employee stock ownership plan.

    Contact:
    Ryan VanWinkle, Investor Relations, 913-661-1528
    Scott Brockelmeyer, Media Relations, 913-661-1830


SOURCE Ferrellgas Partners, L.P.




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Related links:
  • http://www.ferrellgas.com
    CONTACT:
    Ryan VanWinkle, Investor Relations,
    +1-913-661-1528, or Scott Brockelmeyer, Media Relations,
    +1-913-661-1830, both of Ferrellgas Partners, L.P.