Inergy, L.P. (NRGY), Inergy Midstream (NRGN) Announce FY13 Net Income, EBITDA Outlook

December 3, 2012 7:47 AM EST
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Inergy, L.P. (NYSE: NRGY) and Inergy Midstream, L.P. (NYSE: NRGM) announced Adjusted EBITDA guidance for fiscal 2013. Inergy's consolidated Adjusted EBITDA guidance is expected to be approximately $260 million for the full fiscal year ended September 30, 2013. Inergy’s consolidated Adjusted EBITDA includes the previously announced Inergy Midstream Adjusted EBITDA guidance of approximately $180 million for fiscal 2013, which includes the expected results from Inergy Midstream’s pending acquisition of Rangeland Energy, LLC.

Inergy, L.P. sees net income of $28 million in FY13 and adjusted EBITDA of $260 million.

Inergy Midstream, L.P. expects net income of $49 million and adjusted EBITDA of $180 million.

Inergy also expects consolidated growth capital expenditures associated with its previously disclosed midstream expansion projects to be approximately $100 to $130 million in fiscal 2013. This range includes expected Inergy Midstream growth capital expenditures of approximately $80 million to $100 million for fiscal 2013.

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