Inergy Midstream, L.P. Declares Increase In Quarterly Cash Distribution
The Board of Directors of NRGM GP, LLC, general partner of Inergy Midstream, L.P. (NYSE:NRGM), announced that it has declared the company’s quarterly cash distribution of $0.38 per limited partner unit ($1.52 annually) for the quarter ended June 30, 2012. This represents an approximate 2.7% increase over the distribution for the previous quarter. The distribution will be paid on August 14, 2012, to unitholders of record as of August 7, 2012.
Inergy Midstream plans to release its fiscal 2012 third quarter earnings on August 2, 2012. Inergy Midstream and Inergy, L.P. (NYSE:NRGY) will host a joint conference call and internet webcast on August 2, 2012, at 10:00 a.m. Central Time to discuss the results of operations for the quarter ended June 30, 2012. The call-in number for the earnings call is 1-877-405-3427, and the conference name is Inergy. The live internet webcast and the replay can be accessed on Inergy Midstream’s website, www.inergylp.com. A digital recording of the call will be available for one week following the call by dialing 1-855-859-2056 and entering the pass code 15034986.
About Inergy Midstream, L.P.
Inergy Midstream, L.P., headquartered in Kansas City, Missouri, is a master limited partnership engaged in the development and operation of natural gas and NGL storage and transportation assets. Our assets are located in the Northeast region of the United States.This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Forward-looking statements are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or any underlying assumption proves incorrect, actual results may vary materially from those anticipated, estimated, or projected. Among the key factors that could cause actual results to differ materially from those referred to in the forward-looking statements are: weather conditions that vary significantly from historically normal conditions; the general level of petroleum product demand and the availability of propane supplies; the price of propane to the consumer compared to the price of alternative and competing fuels; the demand for high deliverability natural gas storage capacity in the Northeast; our ability to successfully implement our business plan, including the placement of our expansion projects in-service in a timely manner; the outcome of rate decisions levied by the Federal Energy Regulatory Commission; our ability to generate available cash for distribution to unitholders; and the costs and effects of legal, regulatory, and administrative proceedings against us or which may be brought against us. These and other risks and assumptions are described in Inergy’s annual reports on Form 10-K and other reports that are available from the United States Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management’s view only as of the date made. We undertake no obligation to update any forward-looking statement, except as otherwise required by law.
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