OVERLAND PARK, Kan., Feb. 18 /PRNewswire-FirstCall/ -- Ferrellgas Partners, L.P. (NYSE: FGP) today declared a second quarter cash distribution of $0.50 per partnership common unit. The distribution is payable March 15, 2005, to common unitholders of record as of March 1, 2005.

The distribution covers the period from November 1, 2004 to January 31, 2005, the end of the partnership's second 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.
    -0-                             02/18/2005
    /CONTACT:  Investor Relations, Ryan VanWinkle, +1-913-661-1528, or Media
Relations, Scott Brockelmeyer, +1-913-661-1830, both of Ferrellgas Partners,
L.P./
    /Web site:  http://www.ferrellgas.com /
    (FGP)

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

JE-PF
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7105 02/18/2005 12:00 EST http://www.prnewswire.com