Inergy, L.P. and Inergy, Holdings, L.P. Celebrate First Day of NYSE Trading After Nasdaq Transfer
Inergy, L.P. (NYSE-Listed NRGY) and Inergy, Holdings, L.P. (NYSE: NRGP) visit the NYSE to celebrate the company’s first day of NYSE trading and transfer of its two securities (NRGY, NRGP) to the NYSE from Nasdaq effective, March 24, 2010. In honor of the occasion, John Sherman, Inergy’s President and Chief Executive Officer, rings The Opening BellSM.
Watch a live webcast of The Opening Bell at 9:29 a.m. ET on March 24, 2010. The archive will be available shortly after the event.
Inergy, L.P. and Inergy, Holdings L.P.: In the past 90 days, Inergy has announced three significant acquisitions, purchasing two propane companies and one natural gas storage operation. With the completion of these transactions, Inergy will have successfully acquired and integrated 87 companies since its founding in 1996.
Today, Inergy is the 4th largest retail propane distributor and among the largest natural gas storage operators in the U.S. As a result of its dual platform operating strategy, the company recorded its best year ever in 2009, despite a challenging economy.
Among the most exciting developments currently underway for Inergy is the continued expansion of its natural gas storage and transportation business in the Northeast U.S., in the heart of the Marcellus Shale. Inergy’s natural gas storage operations are within a 40-mile radius of one another, and within 200 miles of New York City - the country’s greatest energy demand center. Inergy is strategically positioned to leverage its midstream asset platform to achieve significant growth in the coming years, fueled by the increasing demand for natural gas as a clean-burning fuel for the future and a first-mover advantage in an area of the country where gas storage infrastructure is inadequate and needed the most.
ABOUT INERGY, L.P. (NYSE: NRGY) Inergy, L.P., with headquarters in Kansas City, Mo., is among the fastest growing master limited partnerships in the country. The Company's operations include the retail marketing, sale, and distribution of propane to residential, commercial, industrial, and agricultural customers. Today, Inergy serves nearly 800,000 retail customers from over 300 customer service centers throughout the United States. The Company also operates a natural gas storage business and a supply logistics, transportation, and wholesale marketing business that serves independent dealers and multi-state marketers in the United States and Canada.
ABOUT INERGY HOLDINGS, L.P. (NYSE: NRGP) Inergy Holdings, L.P.'s assets consist of its ownership interests in Inergy, L.P., including limited partnership interests, ownership of the general partners, and the incentive distribution rights.