Inergy announces possible distribution cuts, shares dip 24%

01/29/2012 | Bloomberg

Inergy saw its shares fall 24%, the biggest drop since going public in 2001, after the company announced plans to reduce costs and possibly cut distributions in its propane business to match its cash flow. Weak market demand due to warm weather negatively affected Inergy's propane sales, analysts said.

View Full Article in:

Bloomberg