OVERLAND PARK, Kan., Nov. 25 /PRNewswire-FirstCall/ -- Ferrellgas Partners, L.P. (NYSE: FGP) today declared its first quarter cash distribution of $0.50 per partnership common unit. The distribution marks the fifty-seventh consecutive $0.50 quarterly distribution and is payable December 15, 2008, to common unitholders of record as of December 8, 2008.

The distribution covers the period from August 1, 2008 to October 31, 2008, the partnership's first quarter of fiscal 2009. Ferrellgas' annualized distribution is currently $2.00 per common unit.

Additionally, Ferrellgas Partners, L.P. will hold its first quarter fiscal 2009 earnings teleconference on Tuesday, December 9th, at 10 A.M. Eastern Time. Interested parties are invited to listen to management's discussion of first quarter results by accessing the call via webcast through our internet site at http://www.ferrellgas.com.

Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., currently 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.

In accordance with Treasury Regulation 1.1446-4(d), nominees are hereby notified they are responsible for withholding 35% of this distribution from foreign investors as required under Section 1446 of the Internal Revenue Code.

SOURCE Ferrellgas Partners, L.P.

CONTACT: Tom Colvin, Investor Relations, +1-913-661-1530, or Scott Brockelmeyer, Media Relations, +1-913-661-1830, both of Ferrellgas Partners, L.P.