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Inergy's CEO Hosts Investor Conference Call (Transcript)

Inergy L.P. (NRGY)

Investor Conference Call

April 26, 2012 2:00 PM ET


Brooks Sherman – VP and CFO

John Sherman – President and CEO


Brian Zarahn – Barclays

Stephen Maresca – Morgan Stanley

Ronald Londe – Wells Fargo

Jamie Spicer – Wells Fargo

Gabe Moreen – Merrill Lynch

Gary Stromberg – Barclays Capital

Ethan Bellamy – Robert Baird

Noah Lerner – Hartz Capital

Chris Guelph – Shenkman Capital

Byron Wim – Sykes Investment

Mona Yee – Schroder Investment

Andrew Gundlach – First Eagle Investment



Ladies and gentlemen, thank you for standing by and welcome to the Investor Conference Call. (Operator Instructions) Thank you.

I will now turn the conference over to Mr. Brooks Sherman. Please go ahead, sir.

Brooks Sherman

Thank you, Crystal. Good afternoon, everyone, and welcome to our call today. With me on the line is John Sherman, our President and CEO. The format of our call today is that we’ll talk first about the propane transaction that we’ve announced this morning and during that, as well as during our distribution discussion, we’ll be referencing slides that were posted today within the Investor Relations section of our website. And once we talk about the propane transaction, we’ll spend a few minutes on the NRGY distribution that we declared for the quarter ended March 31, 2012.

So, before I turn this over to John, let me just read our forward-looking information. In our discussion today, we may communicate certain forward-looking information. Various risk factors including weather conditions and regulatory proceedings may cause actual results to differ materially from any projections in these forward-looking statements. We provide a detailed discussion of these risk factors and others in our SEC filings and we encourage you to review these filings.

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