The Board of Directors of Inergy Holdings GP, LLC, general partner of Inergy Holdings, L.P. (Nasdaq: NRGP), today announced an increase in its quarterly cash distribution to $0.85 per limited partner unit ($3.40 annually) for the quarter ended September 30, 2009. This represents an approximate 9% increase over the previously declared quarterly distribution of $0.78 per limited partner unit and an approximate 31% increase over the distribution for the same quarter of the prior year. The distribution will be paid on November 13, 2009, to unitholders of record as of November 6, 2009.

Inergy plans to release its 2009 fiscal year-end earnings on November 30, 2009. Inergy will host a live conference call and internet webcast on November 30, 2009, at 10:00 a.m. Central Time to discuss the results of operations for the quarter ended September 30, 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 37936734.

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.

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 approximately 700,000 retail customers from over 300 customer service centers throughout the eastern half of 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.

Corporate news, unit prices, and additional information about Inergy, including reports from the United States Securities and Exchange Commission, are available on the company’s website, www.inergypropane.com. For more information, contact Mike Campbell in Inergy’s Investor Relations Department at 816-842-8181 or via e-mail at investorrelations@inergyservices.com.

Inergy Holdings, L.P. (MM) (NASDAQ:NRGP)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Inergy Holdings, L.P. (MM) Charts.
Inergy Holdings, L.P. (MM) (NASDAQ:NRGP)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Inergy Holdings, L.P. (MM) Charts.