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Ferrellgas Partners, L.P. Declares First Quarter Distribution

    OVERLAND PARK, Kan., Nov. 22 /PRNewswire-FirstCall/ -- Ferrellgas
Partners, L.P. (NYSE: FGP) today declared a first quarter cash distribution of
$0.50 per partnership common unit.  The distribution is payable December 15,
2004, to common unitholders of record as of December 2, 2004.
    The distribution covers the period from August 1, 2004 to October 31,
2004, the end of the partnership's first 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 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.