OVERLAND PARK, Kan., Feb. 24 /PRNewswire-FirstCall/ -- Ferrellgas
Partners, L.P. (NYSE: FGP) today declared its second-quarter cash distribution
of $0.50 per partnership common unit. The distribution marks the 58th
consecutive $0.50 quarterly distribution and is payable March 17, 2009, to
common unitholders of record as of March 10, 2009.
The distribution covers the period from November 1, 2008 to January 31,
2009, the partnership's second quarter of fiscal 2009. Ferrellgas' annualized
distribution is currently $2.00 per common unit.
Additionally, Ferrellgas Partners, L.P. will hold its second-quarter
fiscal 2009 earnings teleconference on Tuesday, March 10, at 9 A.M. Eastern
Time. Interested parties are invited to listen to management's discussion of
second-quarter results by accessing the call via webcast through our internet
site at http://www.ferrellgas.com.
Chairman and Chief Executive Officer James E. Ferrell commented, "We
expect to report that the first-quarter's favorable momentum carried over into
the second quarter. Moreover, we are comfortable with our prior guidance of
$255 million in Adjusted EBITDA for the full fiscal year." The partnership
reported Adjusted EBITDA of $222 million for fiscal 2008 and a record $237
million in fiscal 2007.
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.
Contact:
Tom Colvin, Investor Relations, 913-661-1530
Scott Brockelmeyer, Media Relations, 913-661-1830
SOURCE Ferrellgas Partners, L.P.
