Press release from Business Wire
Inergy Midstream, L.P. Declares Increase in Quarterly Cash Distribution
Thursday, July 25, 2013
Inergy Midstream, L.P. Declares Increase in Quarterly Cash Distribution07:45 EDT Thursday, July 25, 2013
HOUSTON (Business Wire) -- The Board of Directors of NRGM GP, LLC, general partner of Inergy Midstream, L.P. (NYSE:NRGM) (“Inergy Midstream”), announced that it has declared the partnership's quarterly cash distribution of $0.40 per limited partner unit ($1.60 annually) for the quarter ended June 30, 2013, representing the fifth consecutive distribution increase. The distribution will be paid on August 14, 2013, to unitholders of record as of August 7, 2013.
Inergy Midstream; Inergy, L.P. (NYSE:NRGY); and Crestwood Midstream Partners LP (NYSE:CMLP) (“Crestwood”) each plan to release earnings for the quarter ended June 30, 2013, on August 6, 2013. Inergy Midstream, Inergy, and Crestwood will host a joint conference call and internet webcast on August 6, 2013, at 9:00 a.m. Central Time to discuss the results of operations for the quarter. The call-in number for the earnings call is 1-480-629-9723, 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 1-303-590-3030 and entering the pass code 4631393.
About Inergy Midstream, L.P.
Inergy Midstream, L.P. is a publicly traded master limited partnership that develops, owns, and operates predominantly fee-based natural gas, NGL and crude oil storage and transportation businesses in the Northeast region of the United States and in North Dakota.
About Inergy, L.P.
Inergy, L.P. is a publicly traded master limited partnership that controls, owns, and operates energy midstream businesses. Inergy's operations include a natural gas storage business in Texas and an NGL and crude oil supply and logistics business that serves customers in the United States and Canada. Through its general partner interest in Inergy Midstream, L.P. and Crestwood Midstream Partners LP, Inergy is also engaged in the development and operation of natural gas, NGL and crude oil gathering, processing, storage, and transportation assets in multiple unconventional shale plays across the United States. For more information about Inergy, L.P., visit www.inergylp.com.
About Crestwood Midstream Partners LP
Houston, Texas-based Crestwood is a growth-oriented, midstream master limited partnership which owns and operates predominately fee-based gathering, processing, treating, and compression assets servicing natural gas producers in the Barnett Shale in north Texas, the Marcellus Shale in northern West Virginia, the Fayetteville Shale in northwest Arkansas, the Granite Wash in the Texas Panhandle, the Avalon Shale/Bone Spring in southeastern New Mexico, and the Haynesville/Bossier Shale in western Louisiana. For more information about Crestwood, visit www.crestwoodlp.com.
Forward Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. These risks and assumptions are described in Inergy Midstream'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 partnership's website, www.inergylp.com. For more information, contact Vince Grisell 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.
Inergy Midstream, L.P.
Vince Grisell, 816-842-8181