Operational Updates
Inergy Midstream Amps Up Q3 Income to $65.7MM
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Inergy Midstream LP has reported results of operations for the fiscal fourth quarter and year ended September 30, 2012.
Inergy Midstream reported Adjusted EBITDA of $125.2 million for the year ended September 30, 2012, an increase of $25.6 million, or approximately 26%, from $99.6 million for the year ended September 30, 2011. Net income was $65.7 million for the year ended September 30, 2012, and $53.5 million in fiscal 2011.
Distributable cash flow was $109.9 million for the year ended September 30, 2012, compared to $78.0 million in fiscal 2011, an increase of $31.9 million, or approximately 41%.
"After executing our IPO last December, Inergy Midstream has performed as expected," said John Sherman, Chairman and CEO of Inergy Midstream. "The drop down of US Salt, the near completion of…
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