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Ferrellgas Partners, L.P. Declares Fourth Quarter Distribution

    LIBERTY, Mo., Aug. 18 /PRNewswire-FirstCall/ -- Ferrellgas Partners, L.P.
(NYSE: FGP) has declared a fourth quarter cash distribution of $0.50 per
partnership common unit.  The distribution is payable September 12, 2003, to
common unitholders of record as of August 29, 2003.
    The distribution covers the period from May 1, 2003, to July 31, 2003, the
end of the partnership's fourth 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.

     CONTACT: Ryan VanWinkle, Investor Relations, 816-792-7998
              Scott Brockelmeyer, Media Relations, 816-792-7837


SOURCE Ferrellgas Partners, L.P.




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