Ferrellgas Partners Expects Little to no Impact from FERC Revised Policy Statement

• Effect of the recent Federal Energy Regulatory Commission revised policy statement limited to MLPs that own interstate pipelines.
  
  

LIBERTY, Mo., March 19, 2018 (GLOBE NEWSWIRE) -- Ferrellgas Partners, L.P. FGP announced today that it expects minimal, if any, impact from last week's revised policy statement by the Federal Energy Regulatory Commission (FERC). As stated in the ruling, FERC's jurisdiction is limited to MLPs that own interstate pipelines – a group that does not include Ferrellgas. 

About Ferrellgas

Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., and subsidiaries, serves propane customers in all 50 states, the District of Columbia, and Puerto Rico, and provides midstream services to major energy companies in the United States. Ferrellgas employees indirectly own 22.8 million common units of the partnership, through an employee stock ownership plan. Ferrellgas Partners, L.P. filed a Form 10-K with the Securities and Exchange Commission on September 28, 2017. Investors can request a hard copy of this filing free of charge and obtain more information about the partnership online at www.ferrellgas.com.

Forward Looking Statements

Statements in this release concerning expectations for the future are forward-looking statements. A variety of known and unknown risks, uncertainties and other factors could cause results, performance, and expectations to differ materially from anticipated results, performance, and expectations. These risks, uncertainties, and other factors include those discussed in the Form 10-K of Ferrellgas Partners, L.P., Ferrellgas Partners Finance Corp., Ferrellgas, L.P., and Ferrellgas Finance Corp. for the fiscal year ended July 31, 2017, the Form 10-Q of these entities for the fiscal quarter ended January 31, 2018 and in other documents filed from time to time by these entities with the Securities and Exchange Commission.

Contacts

Jim Saladin, Media Relations – jimsaladin@ferrellgas.com, 913-661-1833

Bill Ruisinger, Investor Relations –billruisinger@ferrellgas.com, 816-792-7914