OVERLAND PARK, Kan., Oct. 6 /PRNewswire-FirstCall/ -- Ferrellgas Partners, L.P. (NYSE: FGP), one of the nation's largest propane distributors, today reiterated guidance for its fiscal year ending July 31, 2009, of record Adjusted EBITDA of $245 million. The partnership reported Adjusted EBITDA of $222 million for fiscal 2008 and a record $237 million in fiscal 2007.

"Ferrellgas is off to an excellent start already in fiscal year 2009," noted Steve Wambold, President and Chief Operating Officer. "The temperatures will soon transition in our favor, giving us an opportunity to truly demonstrate why Ferrellgas is the leader in the retail propane industry."

Wambold pointed out that the company will continue to focus on its core strategies of organic growth and growth through strategic acquisitions, adding that the company has no refinancing concerns.

Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., serves approximately one million customers in all 50 states, the District of Columbia, and Puerto Rico. Ferrellgas employees indirectly own more than 20 million common units of the partnership through an employee stock ownership plan. More information about the partnership can be found online at http://www.ferrellgas.com.

Contact: Tom Colvin, Investor Relations, 913-661-1530

Scott Brockelmeyer, Media Relations, 913-661-1830

SOURCE Ferrellgas Partners, L.P.