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Inergy, L.P. Message Board

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  • rrb1981 rrb1981 Nov 15, 2011 10:55 AM Flag

    LOVE IT !!!

    Not going bankrupt. Company projecting $410 million in ebitda, which translates into around $300 million in distributable cash flow. Will provide coverage ratio of around .8x counting the PIKs. $250+ million in expansion capital for fee based midstream projects. They are struggling, but appear to be gaining ground on midstream and propane appears to be stabilizing.

    It will take 2 years for them to turn this around.