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.
    -0-                             11/22/2004
    /CONTACT: Ryan VanWinkle, Investor Relations, +1-913-661-1528, or Scott
Brockelmeyer, Media Relations, +1-913-661-1830, both of Ferrellgas Partners,
L.P./
    /Web site:  http://www.ferrellgas.com/
    (FGP)

CO:  Ferrellgas Partners, L.P.; Ferrellgas, L.P.
ST:  Kansas, Missouri
IN:  OIL
SU:  DIV

MH-JJ 
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9424 11/22/2004 13:47 EST http://www.prnewswire.com