Earnings and Losses

Inergy Records Loss in Fiscal 2010 on Higher Operating Costs

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In Brief...

Kansas, Missouri-based Inergy (NYSE: As a result, for fiscal 2010, the company recorded a loss attributable to limited partners of $23.8 million, or 37 cents per diluted share, compared with profits of $50.5 million, or 93 cents per diluted share for fiscal 2009.. For the fourth quarter, the company widened its losses year-over-year by 53% to $71.3 million, or $1.04 per diluted share. More recently, at the end of November, Inergy announced the acquisition of the propane assets of Pennington Energy and Schenek Gas Services.. For fiscal 2011, Inergy expects adjusted EBITDA to be in the range of $410 million to $435 million, below analyst forecasts of $462 million..

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