Inergy Reports First Quarter Results
Marketing, supply and logistics gross profit was $32.0 million for the quarter ended December 31, 2012, compared to $19.3 million for the same quarter in the prior year.
Storage and transportation gross profit increased to $48.0 million for the quarter ended December 31, 2012, compared to $45.3 million for the same quarter in the prior year.
For the quarter ended December 31, 2012, operating and administrative expenses decreased to $32.5 million, compared to $82.6 million reported for the same quarter in the prior year.Inergy, L.P. and Inergy Midstream, L.P. (NYSE:NRGM) will conduct a live conference call and internet webcast today, February 5, 2013, to discuss results of operations for the quarter ended December 31, 2012 and their business outlook. The call will begin at 10:00 a.m. Central Time. 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’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 92710595. About Inergy, L.P. Inergy, L.P., headquartered in Kansas City, Missouri, is a publicly traded master limited partnership. Inergy's operations include a natural gas storage business in Texas and an NGL supply logistics, transportation, and marketing business that serves customers in the United States and Canada. Through its general partner interest and majority equity ownership interest in Inergy Midstream, L.P., Inergy is also engaged in the development and operation of natural gas, NGL and crude oil storage, transportation, and logistics businesses in the Northeast region of the United States and in North Dakota. About Inergy Midstream, L.P. Inergy Midstream, L.P., headquartered in Kansas City, Missouri, is a publicly traded master limited partnership engaged in the development and operation of natural gas, NGL and crude oil storage, transportation, and logistics businesses in the Northeast region of the United States and in North Dakota.
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