About Inergy
About Inergy
The Inergy family of companies includes two separate, publicly traded securities on the NASDAQ stock exchange – Inergy, L.P. (NRGY) and Inergy Holdings, L.P. (NRGP) – which offer investors two distinct ways to invest in Inergy’s growth objectives.
Inergy, L.P. (Nasdaq: NRGY)
Inergy, L.P., headquartered 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 800,000 retail customers from over 300 customer service centers throughout the United States. The Company also operates a 40 Bcf natural gas storage business; a liquid petroleum gas storage business; a solution-mining and salt production company; and a propane supply logistics, transportation and wholesale marketing business that serves independent dealers and multi-state marketers in the United States and Canada.
Inergy Holdings, L.P. (Nasdaq: NRGP)
Inergy Holdings, L.P.’s (NRGP) cash-generating assets primarily consist of its partnership interests, including incentive distribution rights, in Inergy, L.P. (NRGY), which operates a diversified energy infrastructure and distribution company. Inergy Holdings’ primary objective is to increase distributable cash flow to its unitholders through ownership of partnership interests in Inergy.
Inergy Holdings, L.P.’s aggregate partnership interests in Inergy consist of the following:
- a 100% ownership interest of the general partner of Inergy including an approximate 0.7% general partner interest;
- 4,706,689 Inergy limited partnership units, representing an aggregate limited partner interest in Inergy of approximately 7.1%; and
- all of the incentive distribution rights in Inergy, which entitle Inergy Holdings to receive increasing percentages, up to a maximum of 48.0%, of any cash distributed by Inergy as certain target distribution levels are reached in excess of $0.33 per Inergy unit in any quarter.
Through these two distinct securities, Inergy is committed to generating industry-leading returns to its unitholders.