Inergy (NYSE:NRGY) Announces Fiscal Fourth-Quarter Profit- NRGY, CLNE, SRE, EQT, OKE

Inergy, L.P. (NYSE:NRGY) announced on Tuesday its fiscal fourth-quarter profit, as the energy firm declared a gain from selling its retail propane business, whereas natural-gas-storage and transportation business Inergy Midstream LP disclosed slightly lower earnings.

Inergy Midstream and Inergy earlier current month decided to purchase Rangeland Energy LLC, the owner and operator of the Colt crude oil rail terminal, storage, and pipeline facilities, for $425M.

Revenue plunged 32 percent to $304.2M, as propane revenue plunged 43 percent.
Analysts by Thomson Reuters most recently anticipated a loss of six cents on revenue of $288 million.

For the quarter ended Sept. 30, Inergy Midstream declared income of $13.7M, or 17 cents per unit, from a year-earlier profit of $13.8 million.

Inergy, L.P. (NYSE:NRGY) stock hit highest price at $18.77, beginning with a price of $18.31 and reported decreased -2.91% to the closed at $18.32 with day range of $18.14-$18.77. The total market capitalization remained $2.41 billion; total volume held in the session was 587,000 shares surprisingly higher than its average volume of 402,245 shares.

To check the Stocks ups and downs, NRGY last week stock price volatility remained 4.32% and month was at 3.28%. NRGY generated revenue of 2.15 billion in the following twelve months income of $-35.30 million. The Company showed a negative -1.28% in the net profit margin and in addition to in its operating margin which remained 3.27%. Company’s annual sales growth for the past five year was 9.15%.

The NRGY past twelve months price to sales ratio was 1.12 and price to cash ratio remained 492.43. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained Clean Energy Fuels Corp. (NASDAQ:CLNE)’s P/S 3.59% P/C 6.45%, Sempra Energy (NYSE:SRE)’s P/S 1.68% P/C 30.36%, ONEOK, Inc. (NYSE:OKE)’s P/S 0.72% P/C 9.62%, EQT Corporation (NYSE:EQT)’s P/S 5.55% P/C 9.56%.

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Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.