KANSAS CITY, Mo.--(BUSINESS WIRE)--Jul. 26, 2012--
The Board of Directors of NRGM GP, LLC, general partner of Inergy
Midstream, L.P. (NYSE:NRGM), announced that it has declared the
company’s quarterly cash distribution of $0.38 per limited partner unit
($1.52 annually) for the quarter ended June 30, 2012. This represents an
approximate 2.7% increase over the distribution for the previous
quarter. The distribution will be paid on August 14, 2012, to
unitholders of record as of August 7, 2012.
Inergy Midstream plans to release its fiscal 2012 third quarter earnings
on August 2, 2012. Inergy Midstream and Inergy, L.P. (NYSE:NRGY) will
host a joint conference call and internet webcast on August 2, 2012, at
10:00 a.m. Central Time to discuss the results of operations for the
quarter ended June 30, 2012. 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 Midstream’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 15034986.
About Inergy Midstream, L.P.
Inergy Midstream, L.P., headquartered in Kansas City, Missouri, is a
master limited partnership engaged in the development and operation of
natural gas and NGL storage and transportation assets. Our assets are
located in the Northeast region of the United States.
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Forward-looking statements are subject to
certain risks, uncertainties, and assumptions. Should one or more of
these risks or uncertainties materialize or any underlying assumption
proves incorrect, actual results may vary materially from those
anticipated, estimated, or projected. Among the key factors that could
cause actual results to differ materially from those referred to in the
forward-looking statements are: weather conditions that vary
significantly from historically normal conditions; the general level of
petroleum product demand and the availability of propane supplies; the
price of propane to the consumer compared to the price of alternative
and competing fuels; the demand for high deliverability natural gas
storage capacity in the Northeast; our ability to successfully implement
our business plan, including the placement of our expansion projects
in-service in a timely manner; the outcome of rate decisions levied by
the Federal Energy Regulatory Commission; our ability to generate
available cash for distribution to unitholders; and the costs and
effects of legal, regulatory, and administrative proceedings against us
or which may be brought against us. These and other risks and
assumptions are described in Inergy’s annual reports on Form 10-K and
other reports that are available from the United States Securities and
Exchange Commission. Readers are cautioned not to place undue reliance
on forward-looking statements, which reflect management’s view only as
of the date made. We undertake no obligation to update any
forward-looking statement, except as otherwise required by law.
Corporate news, unit prices, and additional information about Inergy
Midstream, including reports from the United States Securities and
Exchange Commission, are available on the company’s website, www.inergylp.com.
For more information, contact Mike Campbell in Inergy Midstream’s
Investor Relations Department at 816-842-8181 or via e-mail at email@example.com.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat one
hundred percent of Inergy Midstream’s distributions to foreign investors
as being attributable to income that is effectively connected with a
United States trade or business. Accordingly, Inergy Midstream’s
distributions to foreign investors are subject to federal income tax
withholding at the highest applicable effective tax rate.
Source: Inergy Midstream
Mike Campbell, 816-842-8181