Inergy, L.P. Declares Increase in Quarterly Cash Distribution
KANSAS CITY, Mo.--(BUSINESS WIRE)--The Board of Directors of Inergy GP, LLC, managing general partner of Inergy, L.P. (Nasdaq:NRGY - News), today announced an increase in the company’s quarterly cash distribution to $0.655 per limited partner unit ($2.62 annually) for the quarter ended March 31, 2009. This represents the 30th consecutive quarterly increase and an approximate 6.5% increase over the distribution for the same quarter of the prior year. The distribution will be paid on May 15, 2009, to unitholders of record as of May 8, 2009.
Inergy plans to release its 2009 fiscal second quarter earnings on May 6, 2009. Inergy will host a live conference call and internet webcast on May 6, 2009, at 10:00 a.m. Central Time to discuss the results of operations for the quarter ended March 31, 2009, and its business outlook. 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.inergypropane.com. A digital recording of the call will be available for one week following the call by dialing 1-800-642-1687 and entering the pass code 97201316