Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

+ References+ Details

The number of general partner units outstanding.

+ References+ Details

The number of limited partner units outstanding.

+ References+ Details

Condensed Consolidated Statements Of Earnings (USD $)	3 Months Ended		9 Months Ended
Condensed Consolidated Statements Of Earnings (USD $)	Apr. 30, 2012	Apr. 30, 2011	Apr. 30, 2012	Apr. 30, 2011
Revenues:
Propane and other gas liquids sales	$ 556,644,000	$ 647,709,000	$ 1,850,430,000	$ 1,790,511,000
Other	72,975,000	84,664,000	146,887,000	183,046,000
Total revenues	629,619,000	732,373,000	1,997,317,000	1,973,557,000
Costs and expenses:
Cost of product sold - propane and other gas liquids sales	401,521,000	483,101,000	1,405,243,000	1,299,003,000
Cost of product sold - other	49,117,000	60,074,000	80,211,000	111,432,000
Operating expense (includes $0.1 million and $0.6 million for the three months ended April 30, 2012 and 2011, respectively, and $2.0 million and $3.8 million for the nine months ended April 30, 2012 and 2011, respectively, for non-cash stock and unit-based compensation)	95,934,000	104,383,000	300,926,000	310,467,000
Depreciation and amortization expense	21,123,000	20,030,000	62,839,000	60,395,000
General and administrative expense	9,236,000	18,937,000	31,586,000	49,148,000
Equipment lease expense	3,789,000	3,650,000	10,846,000	10,842,000
Non-cash employee stock ownership plan compensation charge	2,203,000	2,591,000	6,719,000	7,967,000
Loss on disposal of assets	1,220,000	463,000	2,052,000	834,000
Operating income	45,476,000	39,144,000	96,895,000	123,469,000
Interest expense	(23,471,000)	(24,933,000)	(70,904,000)	(78,205,000)
Loss on extinguishment of debt	0	(10,513,000)	0	(46,962,000)
Other income, net	201,000	243,000	248,000	509,000
Earnings (loss) before income taxes	22,206,000	3,941,000	26,239,000	(1,189,000)
Income tax expense (benefit)	1,144,000	572,000	1,285,000	1,288,000
Net earnings (loss)	21,062,000	3,369,000	24,954,000	(2,477,000)
Net earnings attributable to noncontrolling interest	255,000	196,000	377,000	264,000
Net earnings (loss) attributable to Ferrellgas Partners, L.P.	20,807,000	3,173,000	24,577,000	(2,741,000)
Less: General partner's interest in net earnings (loss)	208,000	32,000	246,000	(27,000)
Common unitholders' interest in net earnings (loss)	20,599,000	3,141,000	24,331,000	(2,714,000)
Basic and diluted net earnings (loss) per common unitholders' interest	$ 0.26	$ 0.04	$ 0.32	$ (0.04)
Cash distributions declared per common unit	$ 0.50	$ 0.50	$ 1.50	$ 1.50
Ferrellgas Partners Finance Corp. [Member]
Costs and expenses:
General and administrative expense	0	324	175	539
Net earnings (loss)	0	(324)	(175)	(539)
Ferrellgas, L.P. [Member]
Revenues:
Propane and other gas liquids sales	556,644,000	647,709,000	1,850,430,000	1,790,511,000
Other	72,975,000	84,664,000	146,887,000	183,046,000
Total revenues	629,619,000	732,373,000	1,997,317,000	1,973,557,000
Costs and expenses:
Cost of product sold - propane and other gas liquids sales	401,521,000	483,101,000	1,405,243,000	1,299,003,000
Cost of product sold - other	49,117,000	60,074,000	80,211,000	111,432,000
Operating expense (includes $0.1 million and $0.6 million for the three months ended April 30, 2012 and 2011, respectively, and $2.0 million and $3.8 million for the nine months ended April 30, 2012 and 2011, respectively, for non-cash stock and unit-based compensation)	95,779,000	104,251,000	300,642,000	310,196,000
Depreciation and amortization expense	21,123,000	20,030,000	62,839,000	60,395,000
General and administrative expense	9,236,000	18,937,000	31,586,000	49,148,000
Equipment lease expense	3,789,000	3,650,000	10,846,000	10,842,000
Non-cash employee stock ownership plan compensation charge	2,203,000	2,591,000	6,719,000	7,967,000
Loss on disposal of assets	1,220,000	463,000	2,052,000	834,000
Operating income	45,631,000	39,276,000	97,179,000	123,740,000
Interest expense	(19,442,000)	(19,546,000)	(58,815,000)	(60,422,000)
Loss on extinguishment of debt	0	0	0	(36,449,000)
Other income, net	201,000	243,000	248,000	509,000
Earnings (loss) before income taxes	26,390,000	19,973,000	38,612,000	27,378,000
Income tax expense (benefit)	1,137,000	557,000	1,277,000	1,273,000
Net earnings (loss)	25,253,000	19,416,000	37,335,000	26,105,000
Ferrellgas Finance Corp. [Member]
Costs and expenses:
General and administrative expense	0	323	3,165	8,163
Net earnings (loss)	$ 0	$ (323)	$ (3,165)	$ (8,163)

Condensed Consolidated Statements Of Earnings (Parenthetical) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 30, 2012	Apr. 30, 2011	Apr. 30, 2012	Apr. 30, 2011
Operating Expense [Member]
Non-cash stock and unit-based compensation	$ 0.1	$ 0.6	$ 2.0	$ 3.8
General And Administrative Expense [Member]
Non-cash stock and unit-based compensation	0.3	1.0	2.9	9.9
Ferrellgas, L.P. [Member] \| Operating Expense [Member]
Non-cash stock and unit-based compensation	0.1	0.6	2.0	3.8
Ferrellgas, L.P. [Member] \| General And Administrative Expense [Member]
Non-cash stock and unit-based compensation	$ 0.3	$ 1.0	$ 2.9	$ 9.9

Summary Of Significant Accounting Policies

Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.

+ References+ Details

Condensed Consolidated Statements Of Partners' Capital (USD $)	Ferrellgas, L.P. [Member] Common Unitholders [Member]	Ferrellgas, L.P. [Member] General Partner [Member]	Ferrellgas, L.P. [Member] Risk Management [Member]	Ferrellgas, L.P. [Member] Currency Translation Adjustments [Member]	Ferrellgas, L.P. [Member] Pension Liability [Member]	Ferrellgas, L.P. [Member]	Common Unitholders [Member]	General Partner [Member]	Risk Management [Member]	Currency Translation Adjustments [Member]	Pension Liability [Member]	Total Ferrellgas Partners, L.P. Partners' Capital [Member]	Non-Controlling Interest [Member]	Total
Value at Jul. 31, 2010							$ 141,281,000	$ (58,644,000)	$ (166,000)	$ 24,000	$ (273,000)	$ 82,222,000	$ 3,680,000	$ 85,902,000
Shares at Jul. 31, 2010							69,521,800	702,200
Contributions in connection with non-cash ESOP and stock and unit-based compensation charges							21,243,000	215,000	0	0	0	21,458,000	218,000	21,676,000
Distributions						(228,906,000)	(105,601,000)	(1,067,000)	0	0	0	(106,668,000)	(2,312,000)	(108,980,000)
Common units issued in connection with acquisitions - shares							63,500	600
Common units issued in connection with acquisitions - value	1,625,000						1,625,000	16,000	0	0	0	1,641,000	17,000	1,658,000
Common unit options issued - shares							40,400	400
Common unit options issued - value							468,000	5,000	0	0	0	473,000	3,000	476,000
Common units issued in offering, net of issuance costs - shares							6,275,100	63,400
Common units issued in offering, net of issuance costs - value							157,212,000	1,588,000	0	0	0	158,800,000	1,608,000	160,408,000
Comprehensive income (loss):
Net earnings (loss)						26,105,000	(2,714,000)	(27,000)	0	0	0	(2,741,000)	264,000	(2,477,000)
Cumulative effect of change in accounting principle							1,230,000	12,000	0	0	0	1,242,000	13,000	1,255,000
Other comprehensive income (loss):
Net earnings (loss) on risk management derivatives							0	0	24,082,000	0	0		246,000
Reclassification of derivatives to earnings							0	0	(7,825,000)	0	0		(80,000)
Foreign currency translation adjustment							0	0	0	1,000	0
Other comprehensive income (loss)												16,258,000		16,424,000
Comprehensive income (loss)												14,759,000	443,000	15,202,000
Value at Apr. 30, 2011							214,744,000	(57,902,000)	16,091,000	25,000	(273,000)	172,685,000	3,657,000	176,342,000
Shares at Apr. 30, 2011							75,900,800	766,600
Value at Jul. 31, 2011	261,323,000	2,669,000	5,161,000	26,000	(493,000)	268,686,000	139,614,000	(58,660,000)	5,098,000	26,000	(491,000)	85,587,000	2,730,000	88,317,000
Shares at Jul. 31, 2011							75,966,400	767,300
Contributions in connection with non-cash ESOP and stock and unit-based compensation charges	11,469,000	117,000	0	0	0	11,586,000	11,354,000	115,000	0	0	0	11,469,000	117,000	11,586,000
Cash contributed by Ferrellgas Partners and general partner	50,000,000	510,000	0	0	0	50,510,000
Distributions	(124,467,000)	(1,270,000)	0	0	0	(125,737,000)	(115,451,000)	(1,167,000)	0	0		(116,618,000)	(1,270,000)	(117,888,000)
Common units issued in connection with acquisitions - shares							68,200	700
Common units issued in connection with acquisitions - value	1,300,000	13,000	0	0	0	1,313,000	1,300,000	13,000	0	0	0	1,313,000	13,000	1,326,000
Common unit options issued - shares							35,500	300
Common unit options issued - value							413,000	4,000	0	0	0	417,000	1,000	418,000
Common units issued in offering, net of issuance costs - shares							2,895,400	29,300
Common units issued in offering, net of issuance costs - value							49,775,000	502,000	0	0	0	50,277,000	510,000	50,787,000
Comprehensive income (loss):
Net earnings (loss)	36,958,000	377,000	0	0	0	37,335,000	24,331,000	246,000	0	0	0	24,577,000	377,000	24,954,000
Other comprehensive income (loss):
Net earnings (loss) on risk management derivatives	0	0	(9,600,000)	0	0		0	0	(9,503,000)	0	0		(97,000)
Reclassification of derivatives to earnings	0	0	1,123,000	0	0		0	0	(1,112,000)	0	0		(11,000)
Foreign currency translation adjustment	0	0	0	9,000	0		0	0	0	9,000	0		0
Tax effect on foreign currency translation adjustment	0	0	0	(20,000)	0		0	0	0	(20,000)	0		0
Other comprehensive income (loss)						(10,734,000)						(10,626,000)		(10,734,000)
Comprehensive income (loss)						26,601,000						13,951,000	269,000	14,220,000
Value at Apr. 30, 2012	236,583,000	2,416,000	(5,562,000)	15,000	(493,000)	232,959,000	111,336,000	(58,947,000)	(5,517,000)	15,000	(491,000)	46,396,000	2,370,000	48,766,000
Shares at Apr. 30, 2012							78,965,500	797,600
Value at Jan. 31, 2012
Distributions						(40,287,000)
Comprehensive income (loss):
Net earnings (loss)						25,253,000								21,062,000
Value at Apr. 30, 2012						$ 232,959,000								$ 48,766,000

Condensed Consolidated Statements Of Cash Flows (USD $)	9 Months Ended
Condensed Consolidated Statements Of Cash Flows (USD $)	Apr. 30, 2012	Apr. 30, 2011
Cash flows from operating activities:
Net earnings (loss)	$ 24,954,000	$ (2,477,000)
Reconciliation of net earnings (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense	62,839,000	60,395,000
Non-cash employee stock ownership plan compensation charge	6,719,000	7,967,000
Non-cash stock and unit-based compensation charge	4,867,000	13,709,000
Loss on disposal of assets	2,052,000	834,000
Loss on extinguishment of debt	0	27,463,000
Provision for doubtful accounts	4,966,000	4,395,000
Deferred tax expense	584,000	362,000
Other	1,458,000	5,702,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable, net	(38,572,000)	(103,076,000)
Inventories	4,285,000	47,187,000
Prepaid expenses and other current assets	(2,078,000)	(1,981,000)
Accounts payable	165,000	32,596,000
Accrued interest expense	5,400,000	2,394,000
Other current liabilities	(15,601,000)	(11,359,000)
Other liabilities	(148,000)	289,000
Net cash provided by (used in) operating activities	61,890,000	84,400,000
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(10,327,000)	(5,113,000)
Capital expenditures	(37,747,000)	(36,662,000)
Proceeds from sale of assets	4,314,000	4,273,000
Net cash used in investing activities	(43,760,000)	(37,502,000)
Cash flows from financing activities:
Distributions	(116,618,000)	(106,668,000)
Proceeds from increase in long-term debt	42,436,000	552,370,000
Payments on long-term debt	(52,391,000)	(649,827,000)
Net reductions in short-term borrowings	(6,636,000)	(26,739,000)
Net additions to collateralized short-term borrowings	73,000,000	37,000,000
Cash paid for financing costs	(3,575,000)	(9,655,000)
Noncontrolling interest activity	(759,000)	(701,000)
Proceeds from exercise of common unit options	413,000	468,000
Proceeds from equity offering, net of issuance costs	49,941,000	157,212,000
Contributions from partners	506,000	1,591,000
Net cash provided by (used in) financing activities	(13,683,000)	(44,949,000)
Effect of exchange rate changes on cash	(11,000)	1,000
Change in cash	4,436,000	1,950,000
Cash and cash equivalents - beginning of period	7,437,000	11,401,000
Cash and cash equivalents - end of period	11,873,000	13,351,000
Ferrellgas Partners Finance Corp. [Member]
Cash flows from operating activities:
Net earnings (loss)	(175)	(539)
Changes in operating assets and liabilities, net of effects from business acquisitions:
Net cash provided by (used in) operating activities	(175)	(539)
Cash flows from financing activities:
Capital contribution	175	539
Net cash provided by (used in) financing activities	175	539
Change in cash	0	0
Cash - beginning of period	969	969
Cash - end of period	969	969
Ferrellgas, L.P. [Member]
Cash flows from operating activities:
Net earnings (loss)	37,335,000	26,105,000
Reconciliation of net earnings (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense	62,839,000	60,395,000
Non-cash employee stock ownership plan compensation charge	6,719,000	7,967,000
Non-cash stock and unit-based compensation charge	4,867,000	13,709,000
Loss on disposal of assets	2,052,000	834,000
Loss on extinguishment of debt	0	25,403,000
Provision for doubtful accounts	4,966,000	4,395,000
Deferred tax expense	584,000	362,000
Other	1,149,000	5,198,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable, net	(38,572,000)	(103,076,000)
Inventories	4,285,000	47,187,000
Prepaid expenses and other current assets	(2,055,000)	(1,974,000)
Accounts payable	165,000	32,596,000
Accrued interest expense	1,475,000	(450,000)
Other current liabilities	(15,516,000)	(11,281,000)
Other liabilities	(148,000)	289,000
Net cash provided by (used in) operating activities	70,145,000	107,659,000
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(10,340,000)	(5,131,000)
Capital expenditures	(37,747,000)	(36,662,000)
Proceeds from sale of assets	4,314,000	4,273,000
Net cash used in investing activities	(43,773,000)	(37,520,000)
Cash flows from financing activities:
Distributions	(125,737,000)	(228,906,000)
Proceeds from increase in long-term debt	42,436,000	552,370,000
Payments on long-term debt	(52,391,000)	(551,827,000)
Net reductions in short-term borrowings	(6,636,000)	(26,739,000)
Net additions to collateralized short-term borrowings	73,000,000	37,000,000
Cash paid for financing costs	(3,575,000)	(9,482,000)
Contributions from partners	50,510,000	159,291,000
Net cash provided by (used in) financing activities	(22,393,000)	(68,293,000)
Effect of exchange rate changes on cash	(11,000)	1,000
Change in cash	3,968,000	1,847,000
Cash and cash equivalents - beginning of period	7,342,000	11,389,000
Cash and cash equivalents - end of period	11,310,000	13,236,000
Ferrellgas Finance Corp. [Member]
Cash flows from operating activities:
Net earnings (loss)	(3,165)	(8,163)
Changes in operating assets and liabilities, net of effects from business acquisitions:
Net cash provided by (used in) operating activities	(3,165)	(8,163)
Cash flows from financing activities:
Capital contribution	3,165	8,163
Net cash provided by (used in) financing activities	3,165	8,163
Change in cash	0	0
Cash - beginning of period	1,100	1,100
Cash - end of period	$ 1,100	$ 1,100

Partnership Organization And Formation	9 Months Ended
Partnership Organization And Formation	Apr. 30, 2012
Partnership Organization And Formation	A. Partnership organization and formation Ferrellgas Partners, L.P. ("Ferrellgas Partners") is a publicly traded limited partnership, owning an approximate 99% limited partner interest in Ferrellgas, L.P. (the "operating partnership"). Ferrellgas Partners and the operating partnership are collectively referred to as "Ferrellgas." Ferrellgas, Inc. (the "general partner"), a wholly-owned subsidiary of Ferrell Companies, Inc. ("Ferrell Companies"), has retained a 1% general partner interest in Ferrellgas Partners and also holds an approximate 1% general partner interest in the operating partnership, representing an effective 2% general partner interest in Ferrellgas on a combined basis. As general partner, it performs all management functions required by Ferrellgas. As of April 30, 2012, Ferrell Companies beneficially owned 21.7 million of Ferrellgas Partners' outstanding common units. The condensed consolidated financial statements of Ferrellgas reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim periods presented. All adjustments to the condensed consolidated financial statements were of a normal, recurring nature. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with (i) the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" and (ii) the consolidated financial statements and accompanying notes, each as set forth in Ferrellgas' Annual Report on Form 10-K for fiscal 2011.
Ferrellgas Partners Finance Corp. [Member]
Partnership Organization And Formation	A. Formation Ferrellgas Partners Finance Corp. (the "Finance Corp."), a Delaware corporation, was formed on March 28, 1996 and is a wholly-owned subsidiary of Ferrellgas Partners, L.P. (the "Partnership"). The condensed financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the interim periods presented. All adjustments to the condensed financial statements were of a normal, recurring nature. The Finance Corp. has nominal assets, does not conduct any operations and has no employees.
Ferrellgas, L.P. [Member]
Partnership Organization And Formation	A. Partnership organization and formation Ferrellgas, L.P. is a limited partnership that owns and operates propane distribution and related assets. Ferrellgas Partners, L.P. ("Ferrellgas Partners"), a publicly traded limited partnership, holds an approximate 99% limited partner interest in, and consolidates, Ferrellgas, L.P. Ferrellgas, Inc. (the "general partner"), a wholly-owned subsidiary of Ferrell Companies, Inc. ("Ferrell Companies"), holds an approximate 1% general partner interest in Ferrellgas, L.P. and performs all management functions required by Ferrellgas, L.P. Ferrellgas, L.P. owns a 100% equity interest in Ferrellgas Finance Corp., whose only business activity is to act as the co-issuer and co-obligor of any debt issued by Ferrellgas, L.P. The condensed consolidated financial statements of Ferrellgas, L.P. and subsidiaries reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim periods presented. All adjustments to the condensed consolidated financial statements were of a normal, recurring nature. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with (i) the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" and (ii) the consolidated financial statements and accompanying notes, each as set forth in Ferrellgas, L.P.'s Annual Report on Form 10-K for fiscal 2011.
Ferrellgas Finance Corp. [Member]
Partnership Organization And Formation	A. Formation Ferrellgas Finance Corp. (the "Finance Corp."), a Delaware corporation, was formed on January 16, 2003 and is a wholly-owned subsidiary of Ferrellgas, L.P. (the "Partnership"). The condensed financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the interim periods presented. All adjustments to the condensed financial statements were of a normal, recurring nature. The Finance Corp. has nominal assets, does not conduct any operations and has no employees.

Summary Of Significant Accounting Policies

9 Months Ended

Apr. 30, 2012

B. Summary of significant accounting policies

(1) Nature of operations: Ferrellgas Partners is a holding entity that conducts no operations and has two subsidiaries, Ferrellgas Partners Finance Corp. and the operating partnership. Ferrellgas Partners owns a 100% equity interest in Ferrellgas Partners Finance Corp., whose only business activity is to act as the co-issuer and co-obligor of any debt issued by Ferrellgas Partners. The operating partnership is the only operating subsidiary of Ferrellgas Partners. Ferrellgas is a single reportable operating segment.

The operating partnership is engaged primarily in the distribution of propane and related equipment and supplies in the United States. The propane distribution market is seasonal because propane is used primarily for heating in residential and commercial buildings. Therefore, the results of operations for the nine months ended April 30, 2012 and 2011 are not necessarily indicative of the results to be expected for a full fiscal year. The operating partnership serves approximately one million residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers in all 50 states, the District of Columbia, and Puerto Rico.

(2) Accounting estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from these estimates. Significant estimates impacting the condensed consolidated financial statements include accruals that have been established for contingent liabilities, pending claims and legal actions arising in the normal course of business, useful lives of property, plant and equipment assets, residual values of tanks, capitalization of customer tank installation costs, amortization methods of intangible assets, valuation methods used to value sales returns and allowances, allowance for doubtful accounts, fair value of reporting units, fair values of derivative contracts and stock and unit-based compensation calculations.

(3) Supplemental cash flow information: For purposes of the condensed consolidated statements of cash flows, Ferrellgas considers cash equivalents to include all highly liquid debt instruments purchased with an original maturity of three months or less. Certain cash flow and significant non-cash activities are presented below:


	For the nine months
	ended April 30,
	2012		2011
CASH PAID FOR:
Interest	$	61,621	$	69,508
Income taxes	$	100	$	34
NON-CASH INVESTING ACTIVITIES:
Issuance of common units in connection with acquisitions	$	1,300	$	1,625
Liabilities incurred in connection with acquisitions	$	2,321	$	1,684
Property, plant and equipment additions	$	604	$	800

4) New accounting standards:

FASB Accounting Standard Update No. 2010-28

In December 2010, the Financial Accounting Standards Board ("FASB") issued FASB Accounting Standard Update No. 2010-28 (ASU 2010-28), which modifies Step 1 of the goodwill impairment test for reporting units with zero or negative carrying amounts. For those reporting units, an entity is required to perform Step 2 of the goodwill impairment test if it is more likely than not that a goodwill impairment exists. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2010. Ferrellgas' adoption of this guidance in fiscal 2012 did not have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update No. 2011-4

In May 2011, the FASB issued ASU 2011-04, "Amendments to Achieve Common Fair Value Measurements and Disclosure Requirements in U.S. GAAP and IFRS." The amendments result in common fair value measurement and disclosure requirements in GAAP and International Financial Reporting Standards ("IFRS"). The new guidance applies to all reporting entities that are required or permitted to measure or disclose the fair value of an asset, liability or an instrument classified in shareholders' equity. Among other things, the new guidance requires quantitative information about unobservable inputs, valuation processes and sensitivity analysis associated with fair value measurements categorized within Level 3 of the fair value hierarchy. The new guidance is effective for interim periods beginning after December 31, 2011 and is required to be applied prospectively. Ferrellgas' adoption of this guidance in fiscal 2012 did not have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update Nos. 2011-05 and 2011-12

In June 2011, the FASB issued ASU 2011-05, which revises the presentation of comprehensive income in the financial statements. The new guidance requires entities to report components of comprehensive income in either a continuous statement of comprehensive income or two separate but consecutive statements. In December 2011, the FASB issued ASU 2011-12, which indefinitely defers certain provisions of ASU 2011-05. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Ferrellgas does not expect the adoption of this guidance in fiscal 2013 to have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update No. 2011-08

In September 2011, the FASB issued ASU 2011-08, which amends the existing guidance on goodwill impairment testing. Under the new guidance, entities testing goodwill for impairment have the option of performing a qualitative assessment before calculating the fair value of the reporting unit. If an entity determines, on the basis of qualitative factors, that the fair value of the reporting unit is more likely than not less than the carrying amount, the two-step impairment test would be required. This guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Ferrellgas does not expect the adoption of this guidance in fiscal 2013 to have a significant impact on its financial position, results of operations or cash flows.

(5) Goodwill: Ferrellgas records goodwill as the excess of the cost of acquisitions over the fair value of the related net assets at the date of acquisition. Based on the guidance in Accounting Standards Codification ("ASC") 280 – "Segment Reporting" and ASC 350 – "Intangibles – Goodwill and other," Ferrellgas has determined that it has three reporting units for goodwill impairment testing purposes. Two of these reporting units contain goodwill that is subject to at least an annual assessment for impairment by applying a fair-value-based test. Under this test, the carrying value of each reporting unit is determined by assigning the assets and liabilities, including the existing goodwill and intangible assets, to those reporting units as of the date of the evaluation on a specific identification basis. To the extent a reporting unit's carrying value exceeds its fair value, an indication exists that the reporting unit's goodwill may be impaired and the second step of the impairment test must be performed. In the second step, the implied fair value of the goodwill is determined by allocating the fair value of all of its assets (recognized and unrecognized) and liabilities to it carrying amount. Ferrellgas has completed the impairment test for each of its reporting units and believes that estimated fair values exceed the carrying values of its reporting units as of January 31, 2012.

Ferrellgas, L.P. [Member]

Summary Of Significant Accounting Policies

B. Summary of significant accounting policies

(1) Nature of operations: Ferrellgas, L.P. is a single reportable operating segment engaged primarily in the distribution of propane and related equipment and supplies in the United States. The propane distribution market is seasonal because propane is used primarily for heating in residential and commercial buildings. Therefore, the results of operations for the nine months ended April 30, 2012 and 2011 are not necessarily indicative of the results to be expected for a full fiscal year. Ferrellgas, L.P. serves approximately one million residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers in all 50 states, the District of Columbia, and Puerto Rico.

(3) Supplemental cash flow information: For purposes of the condensed consolidated statements of cash flows, Ferrellgas, L.P. considers cash equivalents to include all highly liquid debt instruments purchased with an original maturity of three months or less. Certain cash flow and significant non-cash activities are presented below:


		For the nine months
		ended April 30,
		2012		2011
CASH PAID FOR:
Interest	$	53,773	$	55,015
Income taxes	$	92	$	19
NON-CASH INVESTING ACTIVITIES:
Assets contributed from Ferrellgas Partners in connection with
acquisitions	$	1,300	$	1,625
Liabilities incurred in connection with acquisitions	$	2,321	$	1,684
Property, plant and equipment additions	$	604	$	800

4) New accounting standards:

FASB Accounting Standard Update No. 2010-28

In December 2010, the Financial Accounting Standards Board ("FASB") issued FASB Accounting Standard Update No. 2010-28 (ASU 2010-28), which modifies Step 1 of the goodwill impairment test for reporting units with zero or negative carrying amounts. For those reporting units, an entity is required to perform Step 2 of the goodwill impairment test if it is more likely than not that a goodwill impairment exists. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2010. Ferrellgas, L.P.'s adoption of this guidance in fiscal 2012 did not have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update No. 2011-4

In May 2011, the FASB issued ASU 2011-04, "Amendments to Achieve Common Fair Value Measurements and Disclosure Requirements in U.S. GAAP and IFRS." The amendments result in common fair value measurement and disclosure requirements in GAAP and International Financial Reporting Standards ("IFRS"). The new guidance applies to all reporting entities that are required or permitted to measure or disclose the fair value of an asset, liability or an instrument classified in shareholders' equity. Among other things, the new guidance requires quantitative information about unobservable inputs, valuation processes and sensitivity analysis associated with fair value measurements categorized within Level 3 of the fair value hierarchy. The new guidance is effective for interim periods beginning after December 31, 2011 and is required to be applied prospectively. Ferrellgas, L.P.'s adoption of this guidance in fiscal 2012 did not have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update Nos. 2011-05 and 2011-12

In June 2011, the FASB issued ASU 2011-05, which revises the presentation of comprehensive income in the financial statements. The new guidance requires entities to report components of comprehensive income in either a continuous statement of comprehensive income or two separate but consecutive statements. In December 2011, the FASB issued ASU 2011-12, which indefinitely defers certain provisions of ASU 2011-05. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Ferrellgas, L.P. does not expect the adoption of this guidance in fiscal 2013 to have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update No. 2011-08

In September 2011, the FASB issued ASU 2011-08, which amends the existing guidance on goodwill impairment testing. Under the new guidance, entities testing goodwill for impairment have the option of performing a qualitative assessment before calculating the fair value of the reporting unit. If an entity determines, on the basis of qualitative factors, that the fair value of the reporting unit is more likely than not less than the carrying amount, the two-step impairment test would be required. This guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Ferrellgas, L.P. does not expect the adoption of this guidance in fiscal 2013 to have a significant impact on its financial position, results of operations or cash flows.

(5) Goodwill: Ferrellgas, L.P. records goodwill as the excess of the cost of acquisitions over the fair value of the related net assets at the date of acquisition. Based on the guidance in Accounting Standards Codification ("ASC") 280 – "Segment Reporting" and ASC 350 – "Intangibles – Goodwill and other," Ferrellgas, L.P. has determined that it has three reporting units for goodwill impairment testing purposes. Two of these reporting units contain goodwill that is subject to at least an annual assessment for impairment by applying a fair-value-based test. Under this test, the carrying value of each reporting unit is determined by assigning the assets and liabilities, including the existing goodwill and intangible assets, to those reporting units as of the date of the evaluation on a specific identification basis. To the extent a reporting unit's carrying value exceeds its fair value, an indication exists that the reporting unit's goodwill may be impaired and the second step of the impairment test must be performed. In the second step, the implied fair value of the goodwill is determined by allocating the fair value of all of its assets (recognized and unrecognized) and liabilities to it carrying amount. Ferrellgas, L.P. has completed the impairment test for each of its reporting units and believes that estimated fair values exceed the carrying values of its reporting units as of January 31, 2012.

Supplemental Financial Statement Information

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

Supplemental Financial Statement Information

9 Months Ended

Apr. 30, 2012

C. Supplemental financial statement information

Inventories consist of the following:


		April 30,		July 31,
		2012		2011
Propane gas and related products	$	114,282	$	113,826
Appliances, parts and supplies		17,572		22,313
Inventories	$	131,854	$	136,139

In addition to inventories on hand, Ferrellgas enters into contracts primarily to buy propane for supply procurement purposes. Most of these contracts have terms of less than one year and call for payment based on market prices at the date of delivery. All supply procurement fixed price contracts have terms of fewer than 24 months. As of April 30, 2012, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 34.1 million gallons of propane at fixed prices.


Other current liabilities consist of the following:
		April 30,		July 31,
		2012		2011
Accrued interest	$	25,179	$	19,779
Accrued litigation and insurance		7,836		16,565
Customer deposits and advances		17,364		19,784
Other		47,492		48,685
Other current liabilities	$	97,871	$	104,813

Shipping and handling expenses are classified in the following condensed consolidated statements of earnings line items:


		For the three months				For the nine months
		ended April 30,				ended April 30,
		2012		2011		2012		2011
Operating expense	$	47,472	$	45,596	$	139,197	$	135,494
Depreciation and amortization expense		1,636		1,535		4,920		4,505
Equipment lease expense		3,179		3,206		9,323		9,656
	$	52,287	$	50,337	$	153,440	$	149,655

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information

C. Supplemental financial statement information

Inventories consist of the following:


		April 30,		July 31,
		2012		2011
Propane gas and related products	$	114,282	$	113,826
Appliances, parts and supplies		17,572		22,313
Inventories	$	131,854	$	136,139

In addition to inventories on hand, Ferrellgas, L.P. enters into contracts primarily to buy propane for supply procurement purposes. Most of these contracts have terms of less than one year and call for payment based on market prices at the date of delivery. All supply procurement fixed price contracts have terms of fewer than 24 months. As of April 30, 2012, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 34.1 million gallons of propane at fixed prices.

Other current liabilities consist of the following:


		April 30,		July 31,
		2012		2011
Accrued interest	$	19,248	$	17,773
Accrued litigation and insurance		7,836		16,565
Customer deposits and advances		17,364		19,784
Other		47,279		48,552
Other current liabilities	$	91,727	$	102,674

Shipping and handling expenses are classified in the following condensed consolidated statements of earnings line items:


		For the three months				For the nine months
		ended April 30,				ended April 30,
		2012		2011		2012		2011
Operating expense	$	47,472	$	45,596	$	139,197	$	135,494
Depreciation and amortization expense		1,636		1,535		4,920		4,505
Equipment lease expense		3,179		3,206		9,323		9,656
	$	52,287	$	50,337	$	153,440	$	149,655

Accounts And Notes Receivable, Net

9 Months Ended

Apr. 30, 2012

Accounts And Notes Receivable, Net

D. Accounts and notes receivable, net

Accounts and notes receivable, net consist of the following:

	April 30,	July 31,
	2012	2011
Accounts receivable pledged as collateral	$194,762	$112,509
Accounts receivable	2,222	51,104
Other	253	229
Less: Allowance for doubtful accounts	(4,221)	(4,310)
Accounts and notes receivable, net	$193,016	$159,532

During January 2012, the operating partnership executed a new accounts receivable securitization facility with Wells Fargo Bank, N.A., Fifth Third Bank and SunTrust Bank. This new accounts receivable securitization facility has up to $225.0 million of capacity, matures on January 19, 2017 and replaces the operating partnership's previous 364-day facility which was to expire on April 4, 2013. As part of this new facility, the operating partnership, through Ferrellgas Receivables, securitizes a portion of its trade accounts receivable through a commercial paper conduit for proceeds of up to $225.0 million during the months of January, February, March and December, $175.0 million during the months of April and May and $145.0 million for all other months, depending on the availability of undivided interests in its accounts receivable from certain customers. Borrowings on the new accounts receivable securitization facility bear interest at rates ranging from 1.45% to 1.20% lower than the previous facility. At April 30, 2012, $194.8 million of trade accounts receivable were pledged as collateral against $134.0 million of collateralized notes payable due to the commercial paper conduit. These accounts receivable pledged as collateral are bankruptcy remote from the operating partnership. The operating partnership does not provide any guarantee or similar support to the collectability of these accounts receivable pledged as collateral.

The operating partnership structured Ferrellgas Receivables in order to facilitate securitization transactions while complying with Ferrellgas' various debt covenants. If the covenants were compromised, funding from the facility could be restricted or suspended, or its costs could increase. As of April 30, 2012, the operating partnership had received cash proceeds of $134.0 million from trade accounts receivables securitized, with no remaining capacity to receive additional proceeds. As of July 31, 2011, the operating partnership had received cash proceeds of $61.0 million from trade accounts receivables securitized, with the ability to receive proceeds of an additional $3.0 million. Borrowings under the accounts receivable securitization facility had a weighted average interest rate of 2.2% and 3.6% as of April 30, 2012 and July 31, 2011, respectively.

Ferrellgas, L.P. [Member]

Accounts And Notes Receivable, Net

D. Accounts and notes receivable, net

Accounts and notes receivable, net consist of the following:


		April 30,			July 31,
		2012			2011
Accounts receivable pledged as collateral	$	194,762		$	112,509
Accounts receivable		2,222			51,104
Other		253			229

Less: Allowance for doubtful accounts		(4,221	)		(4,310	)
Accounts and notes receivable, net	$	193,016		$	159,532

During January 2012, Ferrellgas, L.P. executed a new accounts receivable securitization facility with Wells Fargo Bank, N.A., Fifth Third Bank and SunTrust Bank. This new accounts receivable securitization facility has up to $225.0 million of capacity, matures on January 19, 2017 and replaces Ferrellgas, L.P.'s previous 364-day facility which was to expire on April 4, 2013. As part of this new facility, Ferrellgas, L.P., through Ferrellgas Receivables, securitizes a portion of its trade accounts receivable through a commercial paper conduit for proceeds of up to $225.0 million during the months of January, February, March and December, $175.0 million during the months of April and May and $145.0 million for all other months, depending on the availability of undivided interests in its accounts receivable from certain customers. Borrowings on the new accounts receivable securitization facility bear interest at rates ranging from 1.45% to 1.20% lower than the previous facility. At April 30, 2012, $194.8 million of trade accounts receivable were pledged as collateral against $134.0 million of collateralized notes payable due to the commercial paper conduit. These accounts receivable pledged as collateral are bankruptcy remote from Ferrellgas, L.P. Ferrellgas, L.P. does not provide any guarantee or similar support to the collectability of these accounts receivable pledged as collateral.

Ferrellgas, L.P. structured Ferrellgas Receivables in order to facilitate securitization transactions while complying with Ferrellgas, L.P.'s various debt covenants. If the covenants were compromised, funding from the facility could be restricted or suspended, or its costs could increase. As of April 30, 2012, Ferrellgas, L.P. had received cash proceeds of $134.0 million from trade accounts receivables securitized, with no remaining capacity to receive additional proceeds. As of July 31, 2011, Ferrellgas, L.P. had received cash proceeds of $61.0 million from trade accounts receivables securitized, with the ability to receive proceeds of an additional $3.0 million. Borrowings under the accounts receivable securitization facility had a weighted average interest rate of 2.2% and 3.6% as of April 30, 2012 and July 31, 2011, respectively.

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.3,4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3, 4

-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5074-111524

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5066-111524

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 01-6

-Paragraph 13

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 7

-Article 9

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(k))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph k

-Article 4

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5162-111524

+ Details

Debt	9 Months Ended
Debt	Apr. 30, 2012
Debt	E. Debt Short-term borrowings Ferrellgas classified a portion of its secured credit facility borrowings as short-term because it was used to fund working capital needs that management had intended to pay down within the 12 month period following each balance sheet date. As of April 30, 2012 and July 31, 2011, $58.3 million and $64.9 million, respectively, were classified as short-term borrowings. For further discussion see the secured credit facility section below. Secured credit facility During September 2011, Ferrellgas executed an amendment to its secured credit facility. This amendment changed the maturity of the secured credit facility to five years, extending the maturity date to September 2016. There was no change to the size of the facility which remains at $400.0 million with a letter of credit sublimit of $200.0 million. Borrowings on the amended secured credit facility bear interest at rates ranging from 1.25% to 1.50% lower than the previous secured credit facility. As of April 30, 2012, Ferrellgas had total borrowings outstanding under its secured credit facility of $115.3 million, of which $57.0 million was classified as long-term debt. As of July 31, 2011, Ferrellgas had total borrowings outstanding under its secured credit facility of $129.5 million, of which $64.6 million was classified as long-term debt. Borrowings outstanding at April 30, 2012 and July 31, 2011 under the secured credit facility had a weighted average interest rate of 4.6% and 6.5%, respectively. The obligations under this credit facility are secured by substantially all assets of the operating partnership, the general partner and certain subsidiaries of the operating partnership but specifically excluding (a) assets that are subject to the operating partnership's accounts receivable securitization facility, (b) the general partner's equity interest in Ferrellgas Partners and (c) equity interest in certain unrestricted subsidiaries. Such obligations are also guaranteed by the general partner and certain subsidiaries of the operating partnership. Letters of credit outstanding at April 30, 2012 totaled $61.4 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. Letters of credit outstanding at July 31, 2011 totaled $47.5 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. At April 30, 2012, Ferrellgas had available letter of credit remaining capacity of $138.6 million. At July 31, 2011, Ferrellgas had available letter of credit remaining capacity of $152.5 million. The carrying amount of short-term financial instruments approximates fair value because of the short maturity of the instruments. The estimated fair value of Ferrellgas' long-term debt instruments was $1,049.2 million and $1,134.2 million as of April 30, 2012 and July 31, 2011, respectively. The fair values are estimated based on quoted market prices.
Ferrellgas, L.P. [Member]
Debt	E. Debt Short-term borrowings Ferrellgas, L.P. classified a portion of its secured credit facility borrowings as short-term because it was used to fund working capital needs that management had intended to pay down within the 12 month period following each balance sheet date. As of April 30, 2012 and July 31, 2011, $58.3 million and $64.9 million, respectively, were classified as short-term borrowings. For further discussion see the secured credit facility section below. Secured credit facility During September 2011, Ferrellgas, L.P. executed an amendment to its secured credit facility. This amendment changed the maturity of the secured credit facility to five years, extending the maturity date to September 2016. There was no change to the size of the facility which remains at $400.0 million with a letter of credit sublimit of $200.0 million. Borrowings on the amended secured credit facility bear interest at rates ranging from 1.25% to 1.50% lower than the previous secured credit facility. As of April 30, 2012, Ferrellgas, L.P. had total borrowings outstanding under its secured credit facility of $115.3 million, of which $57.0 million was classified as long-term debt. As of July 31, 2011, Ferrellgas, L.P. had total borrowings outstanding under its secured credit facility of $129.5 million, of which $64.6 million was classified as long-term debt. Borrowings outstanding at April 30, 2012 and July 31, 2011 under the secured credit facility had a weighted average interest rate of 4.6% and 6.5%, respectively. The obligations under this credit facility are secured by substantially all assets of Ferrellgas, L.P., the general partner and certain subsidiaries of Ferrellgas, L.P. but specifically excluding (a) assets that are subject to Ferrellgas, L.P.'s accounts receivable securitization facility, (b) the general partner's equity interest in Ferrellgas Partners and (c) equity interest in certain unrestricted subsidiaries. Such obligations are also guaranteed by the general partner and certain subsidiaries of Ferrellgas, L.P. Letters of credit outstanding at April 30, 2012 totaled $61.4 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. Letters of credit outstanding at July 31, 2011 totaled $47.5 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. At April 30, 2012, Ferrellgas, L.P. had available letter of credit remaining capacity of $138.6 million. At July 31, 2011, Ferrellgas, L.P. had available letter of credit remaining capacity of $152.5 million. The carrying amount of short-term financial instruments approximates fair value because of the short maturity of the instruments. The estimated fair value of Ferrellgas, L.P.'s long-term debt instruments was $885.4 million and $941.3 million as of April 30, 2012 and July 31, 2011, respectively. The fair values are estimated based on quoted market prices.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

Partners' Capital

9 Months Ended

Apr. 30, 2012

Partners' Capital

F. Partners' capital

Common unit issuances

During January 2012, Ferrellgas Partners, in a non-brokered registered direct offering, issued to Ferrell Companies 1.4 million common units. Net proceeds of approximately $25.0 million were used to reduce outstanding indebtedness under the operating partnership's secured credit facility.

During January 2012, Ferrellgas Partners entered into an agreement with an institutional investor relating to a non-brokered registered direct offering of 1.5 million common units. Net proceeds of approximately $25.0 million were used to reduce outstanding indebtedness under the operating partnership's secured credit facility.

During the nine months ended April 30, 2012, Ferrellgas issued 0.1 million common units valued at $1.3 million in connection with an acquisition of propane distribution assets.

Partnership distributions paid

Ferrellgas Partners has paid the following distributions:


		For the three months				For the nine months
		ended April 30,				ended April 30,
		2012		2011		2012		2011
Public common unitholders	$	26,443	$	23,072	$	77,727	$	68,578
Ferrell Companies (1)		10,735		10,040		30,815		30,120
FCI Trading Corp. (2)		98		98		294		294
Ferrell Propane, Inc. (3)		26		27		78		78
James E. Ferrell (4)		2,179		2,177		6,537		6,531
General partner		399		358		1,167		1,067
	$	39,880	$	35,772	$	116,618	$	106,668

(1) Ferrell Companies is the owner of the general partner and a 27% direct owner of Ferrellgas Partner's common units and thus a related party. Ferrell Companies also beneficially owns 195,686 and 51,204 common units of Ferrellgas Partners held by FCI Trading Corp. ("FCI Trading") and Ferrell Propane, Inc. ("Ferrell Propane"), respectively, bringing Ferrell Companies' total beneficial ownership to 28%.

(2) FCI Trading is an affiliate of the general partner and thus a related party.

(3) Ferrell Propane is controlled by the general partner and thus a related party.

(4) James E. Ferrell is the Executive Chairman and Chairman of the Board of Directors of the general partner and thus a related party.

On May 24, 2012, Ferrellgas Partners declared a cash distribution of $0.50 per common unit for the three months ended April 30, 2012, which is expected to be paid on June 14, 2012.

Included in this cash distribution are the following amounts expected to be paid to related parties:


Ferrell Companies	$	10,735
FCI Trading		98
Ferrell Propane		26
James E. Ferrell		2,179
General partner		399

See additional discussions about transactions with related parties in Note H – Transactions with related parties.

Other comprehensive income ("OCI")

See Note G – Derivatives – for details regarding changes in fair value on risk management financial derivatives recorded within OCI for the nine months ended April 30, 2012 and 2011.

General partner's commitment to maintain its capital account

Ferrellgas' partnership agreements allows the general partner to have an option to maintain its effective 2% general partner interest concurrent with the issuance of other additional equity.

During the nine months ended April 30, 2012, the general partner made cash contributions of $1.0 million and non-cash contributions of $0.2 million to Ferrellgas to maintain its effective 2% general partner interest.

Ferrellgas, L.P. [Member]

Partners' Capital

F. Partners' capital

Partnership contributions

During January 2012, Ferrellgas, L.P. received cash contributions of $50.0 million from Ferrellgas Partners. The proceeds were used to reduce outstanding indebtedness under Ferrellgas, L.P.'s secured credit facility.

During the nine months ended April 30, 2012, Ferrellgas, L.P. received asset contributions of $1.3 million from Ferrellgas Partners in connection with an acquisition of propane distribution assets.

Partnership distributions paid

Ferrellgas, L.P. has paid the following distributions:


		For the three months				For the nine months
		ended April 30,				ended April 30,
		2012		2011		2012		2011
Ferrellgas Partners	$	39,880	$	143,623	$	124,467	$	226,594
General partner		407		1,465		1,270		2,312
	$	40,287	$	145,088	$	125,737	$	228,906

On May 24, 2012 Ferrellgas, L.P. declared distributions for the three months ended April 30, 2012 to Ferrellgas Partners and the general partner of $47.5 million and $0.5 million, respectively, which is expected to be paid on June 14, 2012.

See additional discussions about transactions with related parties in Note H – Transactions with related parties.

Other comprehensive income ("OCI")

See Note G – Derivatives – for details regarding changes in fair value on risk management financial derivatives recorded within OCI for the nine months ended April 30, 2012.

General partner's commitment to maintain its capital account

Ferrellgas, L.P.'s partnership agreement allows the general partner to have an option to maintain its 1.0101% general partner interest concurrent with the issuance of other additional equity.

During the nine months ended April 30, 2012, the general partner made cash contributions of $0.5 million and non-cash contributions of $0.1 million to Ferrellgas, L.P. to maintain its 1.0101% general partner interest.

The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units.

+ References+ Details

Derivatives

9 Months Ended

Apr. 30, 2012

Derivatives

G. Derivatives

Commodity Price Risk Management

Ferrellgas' risk management activities primarily attempt to mitigate price risks related to the purchase, storage, transport and sale of propane generally in the contract and spot markets from major domestic energy companies on a short-term basis. Ferrellgas attempts to mitigate these price risks through the use of financial derivative instruments and forward propane purchase and sales contracts.

Ferrellgas' risk management strategy involves taking positions in the forward or financial markets that are equal and opposite to Ferrellgas' positions in the physical products market in order to minimize the risk of financial loss from an adverse price change. This risk management strategy is successful when Ferrellgas' gains or losses in the physical product markets are offset by its losses or gains in the forward or financial markets. These financial derivatives are designated as cash flow hedges.

Ferrellgas' risk management activities include the use of financial derivative instruments including, but not limited to, price swaps, options, futures and basis swaps to seek protection from adverse price movements and to minimize potential losses. Ferrellgas enters into these financial derivative instruments directly with third parties in the over-the-counter market and with brokers who are clearing members with the New York Mercantile Exchange. Ferrellgas also enters into forward propane purchase and sales contracts with counterparties. These forward contracts qualify for the normal purchase normal sales exception within GAAP guidance and are therefore not recorded on Ferrellgas' financial statements until settled.

See Note K – Subsequent events – for details regarding an interest rate swap agreement designed to manage interest rate risk exposure.

Cash Flow Hedging Activity

Ferrellgas uses financial derivative instruments for risk management purposes to hedge a portion of its exposure to market fluctuations in propane prices. These financial derivative instruments are designated as cash flow hedging instruments, thus the effective portions of changes in the fair value of the financial derivatives are recorded in OCI prior to settlement and are subsequently recognized in the condensed consolidated statements of earnings in "Cost of product sold – propane and other gas liquids sales" when the forward or forecasted propane sales transaction impacts earnings. The effectiveness of cash flow hedges is evaluated at inception and on an on-going basis. Changes in the fair value of cash flow hedges due to hedge ineffectiveness, if any, are recognized in "Cost of product sold – propane and other gas liquids sales." During the nine months ended April 30, 2012 and 2011, Ferrellgas did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of the financial derivative contract gain or loss from the assessment of hedge effectiveness related to these cash flow hedges.

The fair value of the financial derivative instruments below is included within "Prepaid expenses and other current assets" and "Other current liabilities" on the condensed consolidated balance sheets:


		April 30,		July 31,
		2012		2011
Derivatives – Price risk management assets	$	0	$	7,637
Derivatives – Price risk management liabilities	$	5,562	$	2,476

Ferrellgas had the following cash flow hedge activity included in OCI in the condensed consolidated statements of partners' capital:


		For the nine months
		ended April 30,
		2012			2011
Fair value gain (loss) adjustment classified as OCI with offset in Price risk
management assets and Price risk management liabilities	$	(9,600	)	$	24,328

Reclassification of net gains originally recorded within OCI to Cost of product
sold – propane and other gas liquids	$	1,123		$	7,905

Ferrellgas expects to reclassify net losses of approximately $5.6 million to earnings during the next 12 months. These net losses are expected to be offset by margins on propane sales commitments Ferrellgas has with its customers that qualify for the normal purchase normal sales exception.

During the nine months ended April 30, 2012 and 2011, Ferrellgas had no reclassifications to earnings resulting from discontinuance of any cash flow hedges arising from the probability of the original forecasted transactions not occurring within the originally specified period of time defined within the hedging relationship.

As of April 30, 2012, Ferrellgas had financial derivative contracts covering 1.1 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

During the nine months ended April 30, 2012 and 2011, four counterparties represented 81% and 82%, respectively, of net settled cash flow hedging positions reported in "Cost of product sold – propane and other gas liquids sales." During the nine months ended April 30, 2012 and 2011, Ferrellgas neither held nor entered into financial derivative contracts that contained credit risk related contingency features.

In accordance with GAAP, Ferrellgas determines the fair value of its assets and liabilities subject to fair value measurement by using the highest possible "Level" as defined within the GAAP hierarchy. The three levels defined by the GAAP hierarchy are as follows:

· Level 1 – Quoted prices available in active markets for identical assets or liabilities.

· Level 2 – Pricing inputs not quoted in active markets but either directly or indirectly observable.

· Level 3 – Significant inputs to pricing that have little or no transparency with inputs requiring significant management judgment or estimation.

Ferrellgas considers over-the-counter derivative instruments entered into directly with third parties as Level 2 valuation since the values of these derivatives are quoted by third party brokers and are on an exchange for similar transactions. The market prices used to value Ferrellgas' derivatives are based upon industry price publications and independent broker quotes utilizing both current market transactions and indicators.

The following tables provide the amounts and their corresponding level of hierarchy for Ferrellgas' assets and liabilities that are measured at fair value. All financial derivatives assets and liabilities were non-trading positions.


	As of April 30, 2012
Fair value of derivatives	Level 1		Level 2	Level 3		Total
Price risk management assets	-	$	0	-	$	0

Price risk management liabilities	-	$	5,562	-	$	5,562


	As of July 31, 2011
Fair value of derivatives	Level 1		Level 2	Level 3		Total
Price risk management assets	-	$	7,637	-	$	7,637

Price risk management liabilities	-	$	2,476	-	$	2,476

Ferrellgas, L.P. [Member]

Derivatives

G. Derivatives

Commodity Price Risk Management

Ferrellgas, L.P.'s risk management activities primarily attempt to mitigate price risks related to the purchase, storage, transport and sale of propane generally in the contract and spot markets from major domestic energy companies on a short-term basis. Ferrellgas, L.P. attempts to mitigate these price risks through the use of financial derivative instruments and forward propane purchase and sales contracts.

Ferrellgas, L.P.'s risk management strategy involves taking positions in the forward or financial markets that are equal and opposite to Ferrellgas, L.P.'s positions in the physical products market in order to minimize the risk of financial loss from an adverse price change. This risk management strategy is successful when Ferrellgas, L.P.'s gains or losses in the physical product markets are offset by its losses or gains in the forward or financial markets. These financial derivatives are designated as cash flow hedges.

Ferrellgas, L.P.'s risk management activities include the use of financial derivative instruments including, but not limited to, price swaps, options, futures and basis swaps to seek protection from adverse price movements and to minimize potential losses. Ferrellgas, L.P. enters into these financial derivative instruments directly with third parties in the over-the-counter market and with brokers who are clearing members with the New York Mercantile Exchange. Ferrellgas, L.P. also enters into forward propane purchase and sales contracts with counterparties. These forward contracts qualify for the normal purchase normal sales exception within GAAP guidance and are therefore not recorded on Ferrellgas, L.P.'s financial statements until settled.

See Note J – Subsequent events – for details regarding an interest rate swap agreement designed to manage interest rate risk exposure.

Cash Flow Hedging Activity

Ferrellgas, L.P. uses financial derivative instruments for risk management purposes to hedge a portion of its exposure to market fluctuations in propane prices. These financial derivative instruments are designated as cash flow hedging instruments, thus the effective portions of changes in the fair value of the financial derivatives are recorded in OCI prior to settlement and are subsequently recognized in the condensed consolidated statements of earnings in "Cost of product sold – propane and other gas liquids sales" when the forward or forecasted propane sales transaction impacts earnings. The effectiveness of cash flow hedges is evaluated at inception and on an on-going basis. Changes in the fair value of cash flow hedges due to hedge ineffectiveness, if any, are recognized in "Cost of product sold – propane and other gas liquids sales." During the nine months ended April 30, 2012 and 2011, Ferrellgas, L.P. did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of the financial derivative contract gain or loss from the assessment of hedge effectiveness related to these cash flow hedges.


		April 30,		July 31,
		2012		2011
Derivatives – Price risk management assets	$	0	$	7,637
Derivatives – Price risk management liabilities	$	5,562	$	2,476

Ferrellgas, L.P. had the following cash flow hedge activity included in OCI in the condensed consolidated statement of partners' capital for the nine months ended April 30, 2012:


Fair value loss adjustment classified as OCI with offset in Price risk
management assets and Price risk management liabilities	$	(9,600	)

Reclassification of net gains originally recorded within OCI to Cost of product
sold – propane and other gas liquids	$	1,123

Ferrellgas, L.P. expects to reclassify net losses of approximately $5.6 million to earnings during the next 12 months. These net losses are expected to be offset by margins on propane sales commitments Ferrellgas, L.P. has with its customers that qualify for the normal purchase normal sales exception.

During the nine months ended April 30, 2012 and 2011, Ferrellgas, L.P. had no reclassifications to earnings resulting from discontinuance of any cash flow hedges arising from the probability of the original forecasted transactions not occurring within the originally specified period of time defined within the hedging relationship.

As of April 30, 2012, Ferrellgas, L.P. had financial derivative contracts covering 1.1 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

other gas liquids sales." During the nine months ended April 30, 2012 and 2011, Ferrellgas, L.P. neither held nor entered into financial derivative contracts that contained credit risk related contingency features.

In accordance with GAAP, Ferrellgas, L.P. determines the fair value of its assets and liabilities subject to fair value measurement by using the highest possible "Level" as defined within the GAAP hierarchy. The three levels defined by the GAAP hierarchy are as follows:

· Level 1 – Quoted prices available in active markets for identical assets or liabilities.

· Level 2 – Pricing inputs not quoted in active markets but either directly or indirectly observable.

· Level 3 – Significant inputs to pricing that have little or no transparency with inputs requiring significant management judgment or estimation.

Ferrellgas, L.P. considers over-the-counter derivative instruments entered into directly with third parties as Level 2 valuation since the values of these derivatives are quoted by third party brokers and are on an exchange for similar transactions. The market prices used to value Ferrellgas, L.P.'s derivatives are based upon industry price publications and independent broker quotes utilizing both current market transactions and indicators.

The following tables provide the amounts and their corresponding level of hierarchy for Ferrellgas, L.P.'s assets and liabilities that are measured at fair value. All financial derivatives assets and liabilities were non-trading positions.


	As of April 30, 2012
Fair value of derivatives	Level 1		Level 2	Level 3		Total
Price risk management assets	-	$	0	-	$	0

Price risk management liabilities	-	$	5,562	-	$	5,562


	As of July 31, 2011
Fair value of derivatives	Level 1		Level 2	Level 3		Total
Price risk management assets	-	$	7,637	-	$	7,637

Price risk management liabilities	-	$	2,476	-	$	2,476

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

Transactions With Related Parties

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+ Details

Transactions With Related Parties

9 Months Ended

Apr. 30, 2012

H. Transactions with related parties

General partner

Ferrellgas has no employees and is managed and controlled by its general partner. Pursuant to Ferrellgas' partnership agreements, the general partner is entitled to reimbursement for all direct and indirect expenses incurred or payments it makes on behalf of Ferrellgas and all other necessary or appropriate expenses allocable to Ferrellgas or otherwise reasonably incurred by its general partner in connection with operating Ferrellgas' business. These costs primarily include compensation and benefits paid to employees of the general partner who perform services on Ferrellgas' behalf and are reported in the condensed consolidated statements of earnings as follows:


		For the three months				For the nine months
		ended April 30,				ended April 30,
		2012		2011		2012		2011
Operating expense	$	48,165	$	50,342	$	151,476	$	158,857
General and administrative expense	$	6,103	$	4,172	$	18,809	$	16,344

See additional discussions about transactions with the general partner and related parties in Note F –Partners' capital.

Ferrellgas, L.P. [Member]

Transactions With Related Parties

H. Transactions with related parties

General partner

Ferrellgas, L.P. has no employees and is managed and controlled by its general partner. Pursuant to Ferrellgas, L.P.'s partnership agreement, the general partner is entitled to reimbursement for all direct and indirect expenses incurred or payments it makes on behalf of Ferrellgas, L.P., and all other necessary or appropriate expenses allocable to Ferrellgas, L.P. or otherwise reasonably incurred by its general partner in connection with operating Ferrellgas, L.P.'s business. These costs primarily include compensation and benefits paid to employees of the general partner who perform services on Ferrellgas, L.P.'s behalf and are reported in the condensed consolidated statements of earnings as follows:


		For the three months				For the nine months
		ended April 30,				ended April 30,
		2012		2011		2012		2011
Operating expense	$	48,165	$	50,342	$	151,476	$	158,857
General and administrative expense	$	6,103	$	4,172	$	18,809	$	16,344

See additional discussions about transactions with the general partner and related parties in Note F –Partners' capital.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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+ Details

Contingencies And Commitments

9 Months Ended

Apr. 30, 2012

I. Contingencies and commitments

Litigation

Ferrellgas' operations are subject to all operating hazards and risks normally incidental to handling, storing, transporting and otherwise providing for use by consumers of combustible liquids such as propane. As a result, at any given time, Ferrellgas is threatened with or named as a defendant in various lawsuits arising in the ordinary course of business. Other than as discussed below, Ferrellgas is not a party to any legal proceedings other than various claims and lawsuits arising in the ordinary course of business. It is not possible to determine the ultimate disposition of these matters; however, management is of the opinion that there are no known claims or contingent claims that are reasonably expected to have a material adverse effect on the consolidated financial condition, results of operations and cash flows of Ferrellgas.

Ferrellgas has been named as a defendant in lawsuits filed in multiple federal and state courts that seek to certify nationwide or statewide classes related to its Blue Rhino branded propane tank exchange activities. The plaintiffs in each case generally allege that Ferrellgas failed to inform consumers of the amount of propane contained in propane tanks they purchased and that Ferrellgas violated anti-trust laws by allegedly conspiring with a competitor. The federal cases have been coordinated for multidistrict treatment in the United States District Court for the Western District of Missouri. A settlement agreement has received approval by the Court. Ferrellgas believes these claims will not have a material impact on the consolidated financial condition, results of operations and cash flows of Ferrellgas beyond the $10.0 million paid during March 2012 for these claims.

Ferrellgas has also been named as a defendant in a class action lawsuit filed in the United States District Court in Kansas. The complaint alleges that Ferrellgas violates consumer protection laws in the manner Ferrellgas sets prices and fees for its customers. Based on Ferrellgas' business practices, Ferrellgas believes that the claims are without merit and intends to defend the claims vigorously. The court has stayed discovery on this matter pending Ferrellgas' motion to compel arbitration, and the case has not been certified for class treatment. Ferrellgas does not believe loss is probable or reasonably estimable at this time related to this class action lawsuit.

Operating lease commitments

Ferrellgas leases certain property, plant and equipment under non-cancelable and cancelable operating leases. Amounts shown in the table below represent minimum lease payment obligations under Ferrellgas' third-party operating leases with terms in excess of one year for the periods indicated. These arrangements include the leasing of transportation equipment, property, computer equipment and propane tanks. Ferrellgas accounts for these arrangements as operating leases.

The following table summarizes Ferrellgas' contractual operating lease commitments as of April 30, 2012:


				Future minimum rental amounts by fiscal year
		2012		2013		2014		2015		2016		Thereafter
Operating lease
obligations	$	5,647	$	22,309	$	16,898	$	13,706	$	11,519	$	17,824

Ferrellgas, L.P. [Member]

I. Contingencies and commitments

Litigation

Ferrellgas, L.P.'s operations are subject to all operating hazards and risks normally incidental to handling, storing, transporting and otherwise providing for use by consumers of combustible liquids such as propane. As a result, at any given time, Ferrellgas, L.P. is threatened with or named as a defendant in various lawsuits arising in the ordinary course of business. Other than as discussed below, Ferrellgas, L.P. is not a party to any legal proceedings other than various claims and lawsuits arising in the ordinary course of business. It is not possible to determine the ultimate disposition of these matters; however, management is of the opinion that there are no known claims or contingent claims that are reasonably expected to have a material adverse effect on the consolidated financial condition, results of operations and cash flows of Ferrellgas, L.P.

Ferrellgas, L.P. has been named as a defendant in lawsuits filed in multiple federal and state courts that seek to certify nationwide or statewide classes related to its Blue Rhino branded propane tank exchange activities. The plaintiffs in each case generally allege that Ferrellgas, L.P. failed to inform consumers of the amount of propane contained in propane tanks they purchased and that Ferrellgas, L.P. violated anti-trust laws by allegedly conspiring with a competitor. The federal cases have been coordinated for multidistrict treatment in the United States District Court for the Western District of Missouri. A settlement agreement has received approval by the Court. Ferrellgas, L.P. believes these claims will not have a material impact on the consolidated financial condition, results of operations and cash flows of Ferrellgas, L.P. beyond the $10.0 million paid during March 2012 for these claims.

Ferrellgas, L.P. has also been named as a defendant in a class action lawsuit filed in the United States District Court in Kansas. The complaint alleges that Ferrellgas, L.P. violates consumer protection laws in the manner Ferrellgas, L.P. sets prices and fees for its customers. Based on Ferrellgas, L.P.'s business practices, Ferrellgas, L.P. believes that the claims are without merit and intends to defend the claims vigorously. The court has stayed discovery on this matter pending Ferrellgas, L.P.'s motion to compel arbitration, and the case has not been certified for class treatment. Ferrellgas, L.P. does not believe loss is probable or reasonably estimable at this time related to this class action lawsuit.

Operating lease commitments

Ferrellgas, L.P. leases certain property, plant and equipment under non-cancelable and cancelable operating leases. Amounts shown in the table below represent minimum lease payment obligations under Ferrellgas, L.P.'s third-party operating leases with terms in excess of one year for the periods indicated. These arrangements include the leasing of transportation equipment, property, computer equipment and propane tanks. Ferrellgas, L.P. accounts for these arrangements as operating leases.

The following table summarizes Ferrellgas, L.P.'s contractual operating lease commitments as of April 30, 2012:


				Future minimum rental amounts by fiscal year
		2012		2013		2014		2015		2016		Thereafter
Operating lease
obligations	$	5,647	$	22,309	$	16,898	$	13,706	$	11,519	$	17,824

Ferrellgas Finance Corp. [Member]

B. Contingencies and commitments

The Finance Corp. serves as co-issuer and co-obligor for debt securities of the Partnership.

The senior notes agreements contain various restrictive covenants applicable to the Partnership and its subsidiaries, the most restrictive relating to additional indebtedness. As of April 30, 2012, the Partnership is in compliance with all requirements, tests, limitations and covenants related to these debt agreements.

Ferrellgas Partners Finance Corp. [Member]

B. Contingencies and commitments

The Finance Corp. serves as co-issuer and co-obligor for debt securities of the Partnership.

The senior unsecured notes contain various restrictive covenants applicable to the Partnership and its subsidiaries, the most restrictive relating to additional indebtedness. As of April 30, 2012, the Partnership is in compliance with all requirements, tests, limitations and covenants related to this debt agreement.

The entire disclosure for commitments and contingencies.

Net Earnings (Loss) Per Common Unitholders' Interest [Abstract]

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 14

-Paragraph 3

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.25)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 450

-SubTopic 20

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 440

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 5

-Paragraph 9, 10, 11, 12

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Net Earnings (Loss) Per Common Unitholders' Interest

9 Months Ended

Apr. 30, 2012

Net Earnings (Loss) Per Common Unitholders' Interest

J. Net earnings (loss) per common unitholders' interest

Below is a calculation of the basic and diluted net earnings (loss) available per common unitholders' interest in the condensed consolidated statements of earnings for the periods indicated. In accordance with guidance issued by the FASB regarding participating securities and the two-class method, Ferrellgas calculates net earnings (loss) per common unitholders' interest for each period presented according to distributions declared and participation rights in undistributed earnings, as if all of the earnings or loss for the period had been distributed. In periods with undistributed earnings above certain levels, the calculation according to the two-class method results in an increased allocation of undistributed earnings to the general partner and a dilution of the earnings to the limited partners. Due to the seasonality of the propane business, the dilution effect of the guidance on the two-class method typically impacts only the three months ending January 31. There was neither a dilutive effect resulting from this guidance on basic and diluted net earnings (loss) per common unitholders' interest for the three months ended April 30, 2012 and 2011, nor for the nine months ended April 30, 2012 and 2011.

In periods with net losses, the allocation of the net losses to the limited partners and the general partner will be determined based on the same allocation basis specified in the Ferrellgas Partners' partnership agreement that would apply to periods in which there were no undistributed earnings. Additionally, in periods with net losses, there are no dilutive securities.


		For the three months				For the nine months
		ended April 30,				ended April 30,
		2012		2011		2012		2011

Common unitholders' interest in net
earnings (loss)	$	20,599	$	3,141	$	24,331	$	(2,714	)

Weighted average common units
outstanding (in thousands)		78,960.0		73,145.6		77,095.8		71,102.5

Dilutive securities		42.4		112.6		73.8		0.0

Weighted average common units
outstanding plus dilutive securities		79,002.4		73,258.2		77,169.6		71,102.5

Basic and diluted net earnings (loss) per
common unitholders' interest	$	0.26	$	0.04	$	0.32	$	(0.04	)

Supplemental Cash Flow Information

The entire disclosure for earnings per share.

+ References+ Details

Subsequent Events	9 Months Ended
Subsequent Events	Apr. 30, 2012
Subsequent Events	K. Subsequent events In May 2012, the operating partnership entered into a $140.0 million interest rate swap agreement to hedge against changes in fair value on a portion of its $300.0 million 9.125% notes due 2017. Beginning in May 2012, the operating partnership will receive 9.125% and will pay one-month LIBOR plus 7.96% on the $140.0 million swapped. Ferrellgas has accounted for this agreement as a fair value hedge. In May 2012, the operating partnership entered into a $140.0 million interest rate swap agreement to hedge against changes in fair value on a portion of its $500.0 million 6.50% notes due 2021. Beginning in May 2012, the operating partnership will receive 6.50% and will pay one-month LIBOR plus 4.715% on the $140.0 million swapped. Ferrellgas has accounted for this agreement as a fair value hedge. In May 2012, the operating partnership entered into a forward interest rate swap agreement to hedge against variability in forecasted interest payments on the operating partnership's secured credit facility and collateralized note payable borrowings. Beginning in August 2015, the operating partnership will pay 1.95% and receive variable payments based on one-month LIBOR for the notional amount swapped. Ferrellgas has accounted for this agreement as a cash flow hedge.
Ferrellgas, L.P. [Member]
Subsequent Events	J. Subsequent events In May 2012, Ferrellgas, L.P. entered into a $140.0 million interest rate swap agreement to hedge against changes in fair value on a portion of its $300.0 million 9.125% notes due 2017. Beginning in May 2012, Ferrellgas, L.P. will receive 9.125% and will pay one-month LIBOR plus 7.96% on the $140.0 million swapped. Ferrellgas, L.P. has accounted for this agreement as a fair value hedge. In May 2012, Ferrellgas, L.P. entered into a $140.0 million interest rate swap agreement to hedge against changes in fair value on a portion of its $500.0 million 6.50% notes due 2021. Beginning in May 2012, Ferrellgas, L.P. will receive 6.50% and will pay one-month LIBOR plus 4.715% on the $140.0 million swapped. Ferrellgas, L.P. has accounted for this agreement as a fair value hedge. In May 2012, Ferrellgas, L.P. entered into a forward interest rate swap agreement to hedge against variability in forecasted interest payments on Ferrellgas, L.P.'s secured credit facility and collateralized note payable borrowings. Beginning in August 2015, Ferrellgas, L.P. will pay 1.95% and receive variable payments based on one-month LIBOR for the notional amount swapped. Ferrellgas, L.P. has accounted for this agreement as a cash flow hedge.

Summary Of Significant Accounting Policies (Policy)

9 Months Ended

Apr. 30, 2012

Nature Of Operations

Accounting Estimates


	For the nine months
	ended April 30,
	2012		2011
CASH PAID FOR:
Interest	$	61,621	$	69,508
Income taxes	$	100	$	34
NON-CASH INVESTING ACTIVITIES:
Issuance of common units in connection with acquisitions	$	1,300	$	1,625
Liabilities incurred in connection with acquisitions	$	2,321	$	1,684
Property, plant and equipment additions	$	604	$	800

New Accounting Standards

4) New accounting standards:

FASB Accounting Standard Update No. 2010-28

FASB Accounting Standard Update No. 2011-4

FASB Accounting Standard Update Nos. 2011-05 and 2011-12

FASB Accounting Standard Update No. 2011-08

Goodwill

Ferrellgas, L.P. [Member]

Nature Of Operations

Accounting Estimates

Supplemental Cash Flow Information


		For the nine months
		ended April 30,
		2012		2011
CASH PAID FOR:
Interest	$	53,773	$	55,015
Income taxes	$	92	$	19
NON-CASH INVESTING ACTIVITIES:
Assets contributed from Ferrellgas Partners in connection with
acquisitions	$	1,300	$	1,625
Liabilities incurred in connection with acquisitions	$	2,321	$	1,684
Property, plant and equipment additions	$	604	$	800

New Accounting Standards

4) New accounting standards:

FASB Accounting Standard Update No. 2010-28

In December 2010, the Financial Accounting Standards Board ("FASB") issued FASB Accounting Standard Update No. 2010-28 (ASU 2010-28), which modifies Step 1 of the goodwill impairment test for reporting units with zero or negative carrying amounts. For those reporting units, an entity is required to perform Step 2 of the goodwill impairment test if it is more likely than not that a goodwill impairment exists. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2010. Ferrellgas, L.P.'s adoption of this guidance in fiscal 2012 did not have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update No. 2011-4

In May 2011, the FASB issued ASU 2011-04, "Amendments to Achieve Common Fair Value Measurements and Disclosure Requirements in U.S. GAAP and IFRS." The amendments result in common fair value measurement and disclosure requirements in GAAP and International Financial Reporting Standards ("IFRS"). The new guidance applies to all reporting entities that are required or permitted to measure or disclose the fair value of an asset, liability or an instrument classified in shareholders' equity. Among other things, the new guidance requires quantitative information about unobservable inputs, valuation processes and sensitivity analysis associated with fair value measurements categorized within Level 3 of the fair value hierarchy. The new guidance is effective for interim periods beginning after December 31, 2011 and is required to be applied prospectively. Ferrellgas, L.P.'s adoption of this guidance in fiscal 2012 did not have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update Nos. 2011-05 and 2011-12

In June 2011, the FASB issued ASU 2011-05, which revises the presentation of comprehensive income in the financial statements. The new guidance requires entities to report components of comprehensive income in either a continuous statement of comprehensive income or two separate but consecutive statements. In December 2011, the FASB issued ASU 2011-12, which indefinitely defers certain provisions of ASU 2011-05. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Ferrellgas, L.P. does not expect the adoption of this guidance in fiscal 2013 to have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update No. 2011-08

In September 2011, the FASB issued ASU 2011-08, which amends the existing guidance on goodwill impairment testing. Under the new guidance, entities testing goodwill for impairment have the option of performing a qualitative assessment before calculating the fair value of the reporting unit. If an entity determines, on the basis of qualitative factors, that the fair value of the reporting unit is more likely than not less than the carrying amount, the two-step impairment test would be required. This guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Ferrellgas, L.P. does not expect the adoption of this guidance in fiscal 2013 to have a significant impact on its financial position, results of operations or cash flows.

Goodwill

Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash

-URI http://asc.fasb.org/extlink&oid=6506951

Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

-Glossary Cash Equivalents

-URI http://asc.fasb.org/extlink&oid=6507016

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4273-108586

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 1

-Article 5

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 305

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2122427

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Financial Reporting Release (FRR)

-Number 203

-Paragraph 02-03

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-Publisher AICPA

-Name Technical Practice Aid (TPA)

-Number 2110

-Paragraph 6

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 7, 8, 9, 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Other Current Liabilities

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

+ References+ Details

Supplemental Financial Statement Information (Tables)

9 Months Ended

Apr. 30, 2012

Schedule Of Inventories


		April 30,		July 31,
		2012		2011
Propane gas and related products	$	114,282	$	113,826
Appliances, parts and supplies		17,572		22,313
Inventories	$	131,854	$	136,139


Other current liabilities consist of the following:
		April 30,		July 31,
		2012		2011
Accrued interest	$	25,179	$	19,779
Accrued litigation and insurance		7,836		16,565
Customer deposits and advances		17,364		19,784
Other		47,492		48,685
Other current liabilities	$	97,871	$	104,813

Shipping And Handling Expenses


		For the three months				For the nine months
		ended April 30,				ended April 30,
		2012		2011		2012		2011
Operating expense	$	47,472	$	45,596	$	139,197	$	135,494
Depreciation and amortization expense		1,636		1,535		4,920		4,505
Equipment lease expense		3,179		3,206		9,323		9,656
	$	52,287	$	50,337	$	153,440	$	149,655

Ferrellgas, L.P. [Member]

Schedule Of Inventories


		April 30,		July 31,
		2012		2011
Propane gas and related products	$	114,282	$	113,826
Appliances, parts and supplies		17,572		22,313
Inventories	$	131,854	$	136,139

Other Current Liabilities


		April 30,		July 31,
		2012		2011
Accrued interest	$	19,248	$	17,773
Accrued litigation and insurance		7,836		16,565
Customer deposits and advances		17,364		19,784
Other		47,279		48,552
Other current liabilities	$	91,727	$	102,674

Shipping And Handling Expenses


		For the three months				For the nine months
		ended April 30,				ended April 30,
		2012		2011		2012		2011
Operating expense	$	47,472	$	45,596	$	139,197	$	135,494
Depreciation and amortization expense		1,636		1,535		4,920		4,505
Equipment lease expense		3,179		3,206		9,323		9,656
	$	52,287	$	50,337	$	153,440	$	149,655

Accounts And Notes Receivable, Net (Tables)

9 Months Ended

Apr. 30, 2012

Accounts And Notes Receivable

	April 30,	July 31,
	2012	2011
Accounts receivable pledged as collateral	$194,762	$112,509
Accounts receivable	2,222	51,104
Other	253	229
Less: Allowance for doubtful accounts	(4,221)	(4,310)
Accounts and notes receivable, net	$193,016	$159,532

Ferrellgas, L.P. [Member]

Accounts And Notes Receivable


		April 30,			July 31,
		2012			2011
Accounts receivable pledged as collateral	$	194,762		$	112,509
Accounts receivable		2,222			51,104
Other		253			229

Less: Allowance for doubtful accounts		(4,221	)		(4,310	)
Accounts and notes receivable, net	$	193,016		$	159,532

Partners' Capital (Tables)

9 Months Ended

Apr. 30, 2012

Ferrellgas Paid Cash Distributions


		For the three months				For the nine months
		ended April 30,				ended April 30,
		2012		2011		2012		2011
Public common unitholders	$	26,443	$	23,072	$	77,727	$	68,578
Ferrell Companies (1)		10,735		10,040		30,815		30,120
FCI Trading Corp. (2)		98		98		294		294
Ferrell Propane, Inc. (3)		26		27		78		78
James E. Ferrell (4)		2,179		2,177		6,537		6,531
General partner		399		358		1,167		1,067
	$	39,880	$	35,772	$	116,618	$	106,668

(2) FCI Trading is an affiliate of the general partner and thus a related party.

(3) Ferrell Propane is controlled by the general partner and thus a related party.

(4) James E. Ferrell is the Executive Chairman and Chairman of the Board of Directors of the general partner and thus a related party.

Dividends Expected To Be Paid To Related Parties


Ferrell Companies	$	10,735
FCI Trading		98
Ferrell Propane		26
James E. Ferrell		2,179
General partner		399

Ferrellgas, L.P. [Member]

Ferrellgas Paid Cash Distributions


		For the three months				For the nine months
		ended April 30,				ended April 30,
		2012		2011		2012		2011
Ferrellgas Partners	$	39,880	$	143,623	$	124,467	$	226,594
General partner		407		1,465		1,270		2,312
	$	40,287	$	145,088	$	125,737	$	228,906

Derivatives (Tables)

9 Months Ended

Apr. 30, 2012

Fair Value Of The Financial Derivative Instruments


		April 30,		July 31,
		2012		2011
Derivatives – Price risk management assets	$	0	$	7,637
Derivatives – Price risk management liabilities	$	5,562	$	2,476

Cash Flow Hedge Activity Included In OCI


		For the nine months
		ended April 30,
		2012			2011
Fair value gain (loss) adjustment classified as OCI with offset in Price risk
management assets and Price risk management liabilities	$	(9,600	)	$	24,328

Reclassification of net gains originally recorded within OCI to Cost of product
sold – propane and other gas liquids	$	1,123		$	7,905

Assets And Liabilities Measured At Fair Value


	As of April 30, 2012
Fair value of derivatives	Level 1		Level 2	Level 3		Total
Price risk management assets	-	$	0	-	$	0

Price risk management liabilities	-	$	5,562	-	$	5,562


	As of July 31, 2011
Fair value of derivatives	Level 1		Level 2	Level 3		Total
Price risk management assets	-	$	7,637	-	$	7,637

Price risk management liabilities	-	$	2,476	-	$	2,476

Ferrellgas, L.P. [Member]

Fair Value Of The Financial Derivative Instruments


		April 30,		July 31,
		2012		2011
Derivatives – Price risk management assets	$	0	$	7,637
Derivatives – Price risk management liabilities	$	5,562	$	2,476

Cash Flow Hedge Activity Included In OCI


Fair value loss adjustment classified as OCI with offset in Price risk
management assets and Price risk management liabilities	$	(9,600	)

Reclassification of net gains originally recorded within OCI to Cost of product
sold – propane and other gas liquids	$	1,123

Assets And Liabilities Measured At Fair Value


	As of April 30, 2012
Fair value of derivatives	Level 1		Level 2	Level 3		Total
Price risk management assets	-	$	0	-	$	0

Price risk management liabilities	-	$	5,562	-	$	5,562


	As of July 31, 2011
Fair value of derivatives	Level 1		Level 2	Level 3		Total
Price risk management assets	-	$	7,637	-	$	7,637

Price risk management liabilities	-	$	2,476	-	$	2,476

Contractual Operating Lease Commitments

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References+ Details

Contingencies And Commitments (Tables)

9 Months Ended

Apr. 30, 2012


				Future minimum rental amounts by fiscal year
		2012		2013		2014		2015		2016		Thereafter
Operating lease
obligations	$	5,647	$	22,309	$	16,898	$	13,706	$	11,519	$	17,824

Ferrellgas, L.P. [Member]

Contractual Operating Lease Commitments


				Future minimum rental amounts by fiscal year
		2012		2013		2014		2015		2016		Thereafter
Operating lease
obligations	$	5,647	$	22,309	$	16,898	$	13,706	$	11,519	$	17,824

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References+ Details

Partnership Organization And Formation (Details)	9 Months Ended						9 Months Ended
Partnership Organization And Formation (Details)	Apr. 30, 2012	Apr. 30, 2012 Ferrellgas, L.P. [Member]	Apr. 30, 2012 Ferrellgas Finance Corp. [Member]	Jul. 31, 2011 Ferrellgas Finance Corp. [Member]	Apr. 30, 2012 Ferrellgas Partners Finance Corp. [Member]	Jul. 31, 2011 Ferrellgas Partners Finance Corp. [Member]	Apr. 30, 2012 Ferrell Companies [Member]
Partnership Organization And Formation [Line Items]
Limited partner interest	99.00%	99.00%
General partner interest in Ferrellgas Partners	1.00%
General partner interest in the operating partnership	1.00%	1.00%
General partner interest in Ferrellgas on a combined basis	2.00%
Equity interest in subsidiary	100.00%	100.00%					27.00%
Common stock shares outstanding			1,000	1,000	1,000	1,000	21,700,000
Number of employees	0	0	0		0

Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

+ References+ Details

Summary Of Significant Accounting Policies (Narrative) (Details)	9 Months Ended
	Apr. 30, 2012
Approximate number of customers in 50 states	1,000,000
Equity interest in subsidiary	100.00%
Number of subsidiaries	2
Number of states in which operating partnership serves	50
Ferrellgas, L.P. [Member]
Approximate number of customers in 50 states	1,000,000
Equity interest in subsidiary	100.00%
Number of states in which operating partnership serves	50

Summary Of Significant Accounting Policies (Significant Cash And Non-Cash Activities) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Apr. 30, 2012	Apr. 30, 2011
Interest	$ 61,621	$ 69,508
Income taxes	100	34
Common units issued in connection with acquisitions - value	1,326	1,658
Liabilities incurred in connection with acquisitions	2,321	1,684
Property, plant and equipment additions	604	800
Ferrellgas, L.P. [Member]
Interest	53,773	55,015
Income taxes	92	19
Common units issued in connection with acquisitions - value	1,313
Liabilities incurred in connection with acquisitions	2,321	1,684
Property, plant and equipment additions	604	800
Common Unitholders [Member]
Common units issued in connection with acquisitions - value	1,300	1,625
Common Unitholders [Member] \| Ferrellgas, L.P. [Member]
Common units issued in connection with acquisitions - value	$ 1,300	$ 1,625

Fair Value of the liabilities incurred by the acquirer to former owners of the acquiree, including the fair value of any contingent consideration. If liabilities transferred as consideration remain within the combined entity after the business combination (for example, because the assets or liabilities were transferred to the acquiree rather than to its former owners), and the acquirer therefore retains control of them; in that situation, the acquirer measures those liabilities at their carrying amounts immediately before the acquisition date.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 51

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 30

-Section 30

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6613-128477

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 30

-Section 30

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6578-128477

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 30

-Section 25

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6405-128476

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-Subparagraph f(3)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 39, 40, 41

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income.

+ References+ Details

Change in the different classes of partners' capital accounts during the year due to acquisitions. Partners include general, limited and preferred partners.

+ References+ Details

Supplemental Financial Statement Information (Narrative) (Details)	9 Months Ended
	Apr. 30, 2012
Supplemental Financial Statement Information [Line Items]
Net procurement of fixed priced propane by Ferrellgas in gallons	34,100,000
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Net procurement of fixed priced propane by Ferrellgas in gallons	34,100,000
Maximum [Member]
Supplemental Financial Statement Information [Line Items]
Contract term duration	1 year
Supply procurement contract duration	24 months
Maximum [Member] \| Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Contract term duration	1 year
Supply procurement contract duration	24 months

Supplemental Financial Statement Information (Schedule Of Inventories) (Details) (USD $) In Thousands, unless otherwise specified	Apr. 30, 2012	Jul. 31, 2011
Propane gas and related products	$ 114,282	$ 113,826
Appliances, parts and supplies	17,572	22,313
Inventories	131,854	136,139
Ferrellgas, L.P. [Member]
Propane gas and related products	114,282	113,826
Appliances, parts and supplies	17,572	22,313
Inventories	$ 131,854	$ 136,139

Supplemental Financial Statement Information (Other Current Liabilities) (Details) (USD $) In Thousands, unless otherwise specified	Apr. 30, 2012	Jul. 31, 2011
Accrued interest	$ 25,179	$ 19,779
Accrued litigation and insurance	7,836	16,565
Customer deposits and advances	17,364	19,784
Other	47,492	48,685
Other current liabilities	97,871	104,813
Ferrellgas, L.P. [Member]
Accrued interest	19,248	17,773
Accrued litigation and insurance	7,836	16,565
Customer deposits and advances	17,364	19,784
Other	47,279	48,552
Other current liabilities	$ 91,727	$ 102,674

Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References+ Details

Aggregate carrying amount of current liabilities (due within one year or within the normal operating cycle if longer) not separately disclosed in the balance sheet. Includes costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed.

+ References+ Details

Obligations not otherwise itemized or categorized in the footnotes to the financial statements that are due within one year or operating cycle, if longer, from the balance sheet date.

+ References+ Details

Supplemental Financial Statement Information (Shipping And Handling Expenses) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 30, 2012	Apr. 30, 2011	Apr. 30, 2012	Apr. 30, 2011
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	$ 52,287	$ 50,337	$ 153,440	$ 149,655
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	52,287	50,337	153,440	149,655
Operating Expense [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	47,472	45,596	139,197	135,494
Operating Expense [Member] \| Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	47,472	45,596	139,197	135,494
Depreciation And Amortization Expense [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	1,636	1,535	4,920	4,505
Depreciation And Amortization Expense [Member] \| Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	1,636	1,535	4,920	4,505
Equipment Lease Expense [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	3,179	3,206	9,323	9,656
Equipment Lease Expense [Member] \| Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	$ 3,179	$ 3,206	$ 9,323	$ 9,656

Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18726-107790

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 22

-Paragraph 8

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 605

-SubTopic 45

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6408196&loc=d3e61069-111654

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Handling Costs

-URI http://asc.fasb.org/extlink&oid=6514758

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 605

-SubTopic 45

-Section 45

-Paragraph 20

-URI http://asc.fasb.org/extlink&oid=21915142&loc=d3e60635-111653

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 605

-SubTopic 45

-Section S99

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6408413&loc=d3e221937-122793

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Shipping Costs

-URI http://asc.fasb.org/extlink&oid=6525344

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 00-10

-Paragraph 6

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Accounts And Notes Receivable, Net (Narrative) (Details) (USD $)	9 Months Ended	12 Months Ended
	Apr. 30, 2012	Jul. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable securitization program, maximum capacity	$ 225,000,000
Accounts receivable from securitization maturity date	Jan. 19, 2017
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	134,000,000	61,000,000
Available proceeds from additional trade accounts receivable		3,000,000
Pledged trade receivable as collateral against collateralized notes payable	194,762,000	112,509,000
Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable securitization program, maximum capacity	225,000,000
Accounts receivable from securitization maturity date	Jan. 19, 2017
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	134,000,000	61,000,000
Available proceeds from additional trade accounts receivable		3,000,000
Pledged trade receivable as collateral against collateralized notes payable	194,762,000	112,509,000
Accounts Receivable Securitization [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average discount rate to value the retained interest in the transferred receivables	2.20%	3.60%
Accounts Receivable Securitization [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average discount rate to value the retained interest in the transferred receivables	2.20%	3.60%
Commercial Paper [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Pledged trade receivable as collateral against collateralized notes payable	194,800,000
Note payable	134,000,000
Commercial Paper [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Pledged trade receivable as collateral against collateralized notes payable	194,800,000
Note payable	134,000,000
Operating Partnership's Previous 364-Day Facility [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable from securitization maturity date	Apr. 04, 2013
Operating Partnership's Previous 364-Day Facility [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable from securitization maturity date	Apr. 04, 2013
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Decrease in interest rate from previous facility	1.45%
Maximum [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Decrease in interest rate from previous facility	1.45%
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Decrease in interest rate from previous facility	1.20%
Minimum [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Decrease in interest rate from previous facility	1.20%
January, February, March, And December [Member] \| Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	225,000,000
January, February, March, And December [Member] \| Maximum [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	225,000,000
April And May [Member] \| Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	175,000,000
April And May [Member] \| Maximum [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	175,000,000
All Other Months [Member] \| Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	145,000,000
All Other Months [Member] \| Maximum [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	$ 145,000,000

The amount for notes payable (written promise to pay), due to related parties.

+ References+ Details

Accounts And Notes Receivable, Net (Accounts And Notes Receivable) (Details) (USD $) In Thousands, unless otherwise specified	Apr. 30, 2012	Jul. 31, 2011
Accounts receivable pledged as collateral	$ 194,762	$ 112,509
Accounts receivable	2,222	51,104
Other	253	229
Less: Allowance for doubtful accounts	(4,221)	(4,310)
Accounts and notes receivable, net	193,016	159,532
Ferrellgas, L.P. [Member]
Accounts receivable pledged as collateral	194,762	112,509
Accounts receivable	2,222	51,104
Other	253	229
Less: Allowance for doubtful accounts	(4,221)	(4,310)
Accounts and notes receivable, net	$ 193,016	$ 159,532

Debt (Details) (USD $)	9 Months Ended	12 Months Ended
Debt (Details) (USD $)	Apr. 30, 2012	Jul. 31, 2011
Debt Instrument [Line Items]
Short-term borrowings	$ 58,291,000	$ 64,927,000
Estimated fair value of long-term debt	1,049,200,000	1,134,200,000
Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
Short-term borrowings	58,291,000	64,927,000
Estimated fair value of long-term debt	885,400,000	941,300,000
Letter Of Credit [Member]
Debt Instrument [Line Items]
Letters of credit outstanding	61,400,000	47,500,000
Letter of credit facility, remaining capacity	138,600,000	152,500,000
Letter Of Credit [Member] \| Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
Letters of credit outstanding	61,400,000	47,500,000
Letter of credit facility, remaining capacity	138,600,000	152,500,000
Secured Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maturity period	5 years
Secured line of credit facility	400,000,000
Debt instrument, maturity date	September 2016
Total borrowings outstanding, line of credit facility	115,300,000	129,500,000
Amount classified as long-term debt	57,000,000	64,600,000
Weighted average interest rate of secured credit facility	4.60%	6.50%
Secured Credit Facility [Member] \| Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
Line of credit facility, maturity period	5 years
Secured line of credit facility	400,000,000
Debt instrument, maturity date	September 2016
Total borrowings outstanding, line of credit facility	115,300,000	129,500,000
Amount classified as long-term debt	57,000,000	64,600,000
Weighted average interest rate of secured credit facility	4.60%	6.50%
Secured Credit Facility [Member] \| Letter Of Credit [Member]
Debt Instrument [Line Items]
Secured line of credit facility	200,000,000
Secured Credit Facility [Member] \| Letter Of Credit [Member] \| Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
Secured line of credit facility	$ 200,000,000
Reductions From Previous Facility Rate [Member] \| Secured Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate, minimum	1.25%
Interest rate, maximum	1.50%
Reductions From Previous Facility Rate [Member] \| Secured Credit Facility [Member] \| Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
Interest rate, minimum	1.25%
Interest rate, maximum	1.50%

Partners' Capital (Narrative) (Details) (USD $) Share data in Millions, except Per Share data, unless otherwise specified	1 Months Ended	3 Months Ended	9 Months Ended
	Jan. 31, 2012	Apr. 30, 2012	Apr. 30, 2012	Apr. 30, 2011
Distribution Made to Member or Limited Partner [Line Items]
Direct offering of common units, shares	1.5
Proceeds from direct offering of common units	$ 25,000,000
Stock issued during the period for acquisition, shares			0.1
Stock issued during the period for acquisition, value			1,300,000
Cash distribution declared date		May 24, 2012
Cash distributions declared per common unit		$ 0.50
Cash distributions, payment date		Jun. 14, 2012
Cash received from contributions			506,000	1,591,000
Ferrellgas, L.P. [Member]
Distribution Made to Member or Limited Partner [Line Items]
Received cash contributions from parent	50,000,000
Asset contributions received from parent			1,300,000
Cash distribution declared date		May 24, 2012
Cash distributions, payment date		Jun. 14, 2012
Cash received from contributions			50,510,000	159,291,000
Ferrellgas Partners [Member] \| Ferrellgas, L.P. [Member]
Distribution Made to Member or Limited Partner [Line Items]
Distribution payable, amount		47,500,000	47,500,000
General Partner [Member]
Distribution Made to Member or Limited Partner [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest			2.00%
Cash received from contributions			1,000,000
Non-cash contributions			200,000
General Partner [Member] \| Ferrellgas, L.P. [Member]
Distribution Made to Member or Limited Partner [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest			1.0101%
Distribution payable, amount		500,000	500,000
Cash received from contributions			500,000
Non-cash contributions			100,000
Ferrell Companies [Member]
Distribution Made to Member or Limited Partner [Line Items]
Direct offering of common units, shares	1.4
Proceeds from direct offering of common units	$ 25,000,000

Partners' Capital (Ferrellgas Paid Cash Distributions) (Details) (USD $)
In Thousands, except Share data, unless otherwise specified

3 Months Ended

9 Months Ended

Apr. 30, 2012

Apr. 30, 2011

Apr. 30, 2012

Apr. 30, 2011

$ 117,888

$ 108,980

Equity interest in subsidiaries common units

39,880

35,772

116,618

106,668

100.00%

Ferrellgas, L.P. [Member]

Equity interest in subsidiaries common units

40,287

145,088

125,737

228,906

100.00%

Public Common Unitholders [Member]

26,443

23,072

77,727

68,578

Ferrell Companies [Member]

Equity interest in subsidiaries common units

10,735

^[1]

10,040

^[1]

30,815

^[1]

30,120

^[1]

27.00%

Total beneficial ownership

28.00%

FCI Trading Corp. [Member]

Common units beneficially owned

^[2]

294

^[2]

294

^[2]

195,686

Ferrell Propane, Inc. [Member]

Common units beneficially owned

^[3]

51,204

James E. Ferrell [Member]

2,179

^[4]

2,177

^[4]

6,537

^[4]

6,531

^[4]

General Partner [Member]

399

358

1,167

1,067

General Partner [Member] | Ferrellgas, L.P. [Member]

407

1,465

1,270

2,312

Ferrellgas Partners [Member] | Ferrellgas, L.P. [Member]

$ 39,880

$ 143,623

$ 124,467

$ 226,594

[1]	Ferrell Companies is the owner of the general partner and a 27% direct owner of Ferrellgas Partner's common units and thus a related party. Ferrell Companies also beneficially owns 195,686 and 51,204 common units of Ferrellgas Partners held by FCI Trading Corp. ("FCI Trading") and Ferrell Propane, Inc. ("Ferrell Propane"), respectively, bringing Ferrell Companies' total beneficial ownership to 28%.
[2]	FCI Trading is an affiliate of the general partner and thus a related party.
[3]	Ferrell Propane is controlled by the general partner and thus a related party.
[4]	James E. Ferrell is the Executive Chairman and Chairman of the Board of Directors of the general partner and thus a related party.

Total distributions to each class of partners (i.e., general, limited and preferred partners).

+ References+ Details

Partners' Capital (Dividends Expected To Be Paid To Related Parties) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Apr. 30, 2012
Ferrell Companies [Member]
Distribution Made to Member or Limited Partner [Line Items]
Amounts expected to be paid to related parties	$ 10,735
FCI Trading Corp. [Member]
Distribution Made to Member or Limited Partner [Line Items]
Amounts expected to be paid to related parties	98
Ferrell Propane, Inc. [Member]
Distribution Made to Member or Limited Partner [Line Items]
Amounts expected to be paid to related parties	26
James E. Ferrell [Member]
Distribution Made to Member or Limited Partner [Line Items]
Amounts expected to be paid to related parties	2,179
General Partner [Member]
Distribution Made to Member or Limited Partner [Line Items]
Amounts expected to be paid to related parties	$ 399

Derivatives (Narrative) (Details) (USD $)	9 Months Ended
Derivatives (Narrative) (Details) (USD $)	Apr. 30, 2012	Apr. 30, 2011
Gain (loss) recognized in earnings related to hedge ineffectiveness	$ 0	$ 0
Reclassification of net gain to earnings during next 12 months	5,600,000
Reclassification of gain (loss) to earnings from discontinuance of cash flow hedges	0	0
Number of barrels of propane entered into as cash flow hedges	1,100,000
Percentage of top four companies cash flow hedge settled	81.00%	82.00%
Ferrellgas, L.P. [Member]
Gain (loss) recognized in earnings related to hedge ineffectiveness	0	0
Reclassification of net gain to earnings during next 12 months	5,600,000
Reclassification of gain (loss) to earnings from discontinuance of cash flow hedges	$ 0	$ 0
Number of barrels of propane entered into as cash flow hedges	1,100,000
Percentage of top four companies cash flow hedge settled	81.00%	82.00%

Derivatives (Fair Value Of The Financial Derivative Instruments) (Details) (USD $) In Thousands, unless otherwise specified	Apr. 30, 2012	Jul. 31, 2011
Derivatives, Fair Value [Line Items]
Derivatives - Price risk management assets	$ 0	$ 7,637
Derivatives - Price risk management liabilities	5,562	2,476
Ferrellgas, L.P. [Member]
Derivatives, Fair Value [Line Items]
Derivatives - Price risk management assets	0	7,637
Derivatives - Price risk management liabilities	5,562	2,476
Prepaid Expenses And Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives - Price risk management assets	0	7,637
Prepaid Expenses And Other Current Assets [Member] \| Ferrellgas, L.P. [Member]
Derivatives, Fair Value [Line Items]
Derivatives - Price risk management assets	0	7,637
Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives - Price risk management liabilities	5,562	2,476
Other Current Liabilities [Member] \| Ferrellgas, L.P. [Member]
Derivatives, Fair Value [Line Items]
Derivatives - Price risk management liabilities	$ 5,562	$ 2,476

Derivatives (Cash Flow Hedge Activity Included In OCI) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Apr. 30, 2012	Apr. 30, 2011
Fair value gain (loss) adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	$ (9,600)	$ 24,328
Reclassification of net gains originally recorded within OCI to Cost of product sold - propane and other gas liquids	1,123	7,905
Ferrellgas, L.P. [Member]
Fair value gain (loss) adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	(9,600)
Reclassification of net gains originally recorded within OCI to Cost of product sold - propane and other gas liquids	$ 1,123

Derivatives (Assets And Liabilities Measured At Fair Value) (Details) (USD $) In Thousands, unless otherwise specified	Apr. 30, 2012	Jul. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Price risk management assets	$ 0	$ 7,637
Price risk management liabilities	5,562	2,476
Ferrellgas, L.P. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Price risk management assets	0	7,637
Price risk management liabilities	5,562	2,476
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Price risk management assets
Price risk management liabilities
Level 1 [Member] \| Ferrellgas, L.P. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Price risk management assets
Price risk management liabilities
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Price risk management assets	0	7,637
Price risk management liabilities	5,562	2,476
Level 2 [Member] \| Ferrellgas, L.P. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Price risk management assets	0	7,637
Price risk management liabilities	5,562	2,476
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Price risk management assets
Price risk management liabilities
Level 3 [Member] \| Ferrellgas, L.P. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Price risk management assets
Price risk management liabilities

Transactions With Related Parties (Allocation Of Transactions With Related Parties) (Details) (USD $)	3 Months Ended		9 Months Ended
	Apr. 30, 2012	Apr. 30, 2011	Apr. 30, 2012	Apr. 30, 2011
Related Party Transaction [Line Items]
General and administrative expense	$ 9,236,000	$ 18,937,000	$ 31,586,000	$ 49,148,000
Ferrellgas, L.P. [Member]
Related Party Transaction [Line Items]
General and administrative expense	9,236,000	18,937,000	31,586,000	49,148,000
Compensation And Benefits [Member]
Related Party Transaction [Line Items]
Operating expense	48,165,000	50,342,000	151,476,000	158,857,000
General and administrative expense	6,103,000	4,172,000	18,809,000	16,344,000
Compensation And Benefits [Member] \| Ferrellgas, L.P. [Member]
Related Party Transaction [Line Items]
Operating expense	48,165,000	50,342,000	151,476,000	158,857,000
General and administrative expense	$ 6,103,000	$ 4,172,000	$ 18,809,000	$ 16,344,000

Contingencies And Commitments (Contractual Operating Lease Commitments) (Details) (USD $) In Thousands, unless otherwise specified	Apr. 30, 2012
2012	$ 5,647
2013	22,309
2014	16,898
2015	13,706
2016	11,519
Thereafter	17,824
Ferrellgas, L.P. [Member]
2012	5,647
2013	22,309
2014	16,898
2015	13,706
2016	11,519
Thereafter	$ 17,824

Amount of required minimum rental payments maturing in the next fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year.

+ References+ Details

Amount of required minimum rental payments maturing in the fifth fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year.

+ References+ Details

Amount of required minimum rental payments maturing in the forth fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year.

+ References+ Details

Amount of required minimum rental payments maturing in the third fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year.

+ References+ Details

Amount of required minimum rental payments maturing in the second fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year.

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Amount of required minimum rental payments maturing after the fifth fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year.

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Net Earnings (Loss) Per Common Unitholders' Interest (Basic And Diluted Net Earnings Per Common Unitholders' Interest) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Apr. 30, 2012	Apr. 30, 2011	Apr. 30, 2012	Apr. 30, 2011
Net Earnings (Loss) Per Common Unitholders' Interest [Abstract]
Common unitholders' interest in net earnings (loss)	$ 20,599	$ 3,141	$ 24,331	$ (2,714)
Weighted average common units outstanding	78,960,000	73,145,600	77,095,800	71,102,500
Dilutive securities	42,400	112,600	73,800	0
Weighted average common units outstanding plus dilutive securities	79,002,400	73,258,200	77,169,600	71,102,500
Basic and diluted net earnings (loss) per common unitholders' interest	$ 0.26	$ 0.04	$ 0.32	$ (0.04)

The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation.

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The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

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Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.