BNET Industries

Market Cap:$2.0B
Last Fiscal Year Sales:$1.8B
  • Public
  • US
Dow Jones Description

Heating your home is a gas with this company. Founded in 2001 and headquartered in Kansas City, MO, Inergy, L.P (NASDAQ: NRGY) is a provider of propane and natural gas. The company is divided into two units: Propane Operations, selling propane and propane accessories, and Midstream Operations, storing natural gas liquids for third parties and processing and distributing natural gas. Its 340 service centers serve more than 700,000 customers. The company had 2005 revenue of about $1.05 billion and employs approximately 2,950 people. In April 2006, it acquired the assets of Homestead Gas Company, Inc. and Delta Gas Company, located in southern Florida. The transactions represent Inergy's 54th and 55th acquisitions since its founding in 1996.

President, Chief Executive Officer and Director
John J. Sherman
Number of Employees 2,862
Contact Information

2 Brush Creek Blvd Ste 200

Kansas City, Missouri 64112

hoosierpropane....

(816) 842-8181

NAICS Code Natural Gas Distribution: 2212

Recent Events

  • Inergy reports wider loss in fiscal 4th quarter

    11/30/09 - Financial Announcement - View Story

  • Inergy NRGY Increased Limited Partner Dividend to $0.675

    10/26/09 - Stock Split / Dividend - View Story

  • Inergy Reports Record Results

    8/04/09 - Financial Announcement - View Story

  • Drilling method to be discussed

    6/26/09 - Mgmt. Change Entering - President - View Story

News & Analysis

energy and inergy l.p. - All News and Analysis

  • August Opens with a Bang, But Still Not Too Late for Income Investors

    Seeking Alpha - 2009-08-03

    James Byrne submits: Once again, the bears have been declawed! Yet again! As we go to print, the market has retraced its highest levels since October 2008. As both buyers and sellers argue whether we deserve to be here, even those in...

    Tags: US Market, Energy, James Byrne, Inergy L.P.

  • Inergy: A Winning Income Stock

    Seeking Alpha - 2009-07-30

    Tim Plaehn submits: One of the best income stocks I have come across since starting my site is Inergy L.P. NRGY. This propane retailer and natural gas midstream company has again increased its quarterly payout. This is the 31st consecutive increase in the distribution. The stock currently yields almost...

    Tags: Energy, Tim Plaehn, Inergy L.P.

  • Things Couldn't Be Better for Inergy

    Seeking Alpha - 2009-07-23

    David Fessler submits: Lots of Gas, Lots of Profits Inergy, L.P. (Nasdaq: NRGY) – one of the fastest growing limited partnerships in the country – distributes, markets and supplies propane at both the retail and wholesale levels. It also owns and operates two natural gas storage facilities,...

    Tags: Energy, David Fessler, Inergy L.P.

  • Inergy L.P.: An Income Investor's Must-Have

    Seeking Alpha - 2009-05-07

    Tim Plaehn submits: Inergy, L.P. | Investor Relations | Press Release. I think Inergy LP NRGY should definitely be on every income investor’s radar. This company has increased the distribution every quarter for something like 7 years straight. Its management has cost under control and a well...

    Tags: Energy, Tim Plaehn, Inergy L.P.

  • Inergy: Secure for a Growing Income Stream

    Seeking Alpha - 2009-02-08

    Tim Plaehn submits: Last week Inergy, L.P. NRGY declared its 29th consecutive distribution increase and now the company is backing that up with a nice earnings report. NRGY is one energy related company where low energy prices can provide a benefit to the bottom line. NRGY is primarily a...

    Tags: Energy, Tim Plaehn, Inergy L.P.

  • Inergy's 29th Consecutive Dividend Increase

    Seeking Alpha - 2009-01-27

    Tim Plaehn submits: Inergy LP NRGY a propane distributor and natural gas midstream operator has announced its 4th quarter dividend of 64.5¢. This is a penny more than the 3rd quarter payout and 6.6% higher than the distribution of a year earlier. As I noted in the headline this...

    Tags: Energy, Tim Plaehn, Inergy L.P.

  • Inergy: An Excellent Stock for Long Term Growing Income

    Seeking Alpha - 2008-12-02

    Tim Plaehn submits: Inergy, L.P. NRGY has released its 4th quarter and year end results. The company had a nice year and was able to increase distributions by 7% over 2007. Inergy has increased the distribution for 28 consecutive quarters. The company has two main business lines: Retail propane...

    Tags: Energy, Tim Plaehn, Inergy L.P.

Decision Makers

Name (plus bio) Position
John J. Sherman President, Chief Executive Officer and Director
Bruce Tripp President, New York, Pennsylvania Division
Chris Cafarella President, Mid Atlantic Division
Dan Manson President, Indiana Division
Dave Feheley President
David Wright President, Ohio Division
Ed Moreno President, Wisconsin Division
Gary Komosa President, Illinois Division
James Devens President, Virginia, North Carolina Division
Jeff Brunner President, Southeastern Pennsylvania
Jim Cross President, Michigan Division
Jim McSweeney President, Mississippi, Alabama Division
Mike Vaughn President, Texas, Oklahoma Division
Robert Houser President, Ohio Division
Sam Hodges President, Florida Division
Steve Boyle President, Florida Division
Steve Merhar President, Eastern New England Division
R. Brooks Sherman Executive Vice President and Chief Financial Officer
David G. Dehaemers Executive Vice President, Corp Development
Phillip L. Elbert Executive Vice President, Propane Operationsxecutive Vice President
Andrew L. Atterbury Senior Vice Presidentcorporate Development
Carl A. Hughes Senior Vice President, Business Development
Dean E. Watson Senior Vice President, Wholesale & Supply Logistics
Laura L. Ozenberger Senior Vice President, General Counsel and Secretary
William R. Moler Senior Vice President, Natural Gas Midstream Operations
Jay Cates Vice President, Retail Operations, South
Kurt W. Kolbeck Vice President, Wholesale Marketing
Richard C. Kreul Vice President, Inergy Services
Ted Jeffcoat Vice President, Retail Operations, East
Tom Haiar Vice President, Retail Operations, Midwest
William C. Gautreaux Vice President, Supply and Wholesale Marketing
Robert A. Pascal Managing General Partner
Andy Ronald Director, Supply
Bill Hancock Director, Supply & Risk Marketing, East
Byron Muchow Director, Supply & Risk Marketing, MIdwest
Diane Corbett Director, Business Development
Jason Reeves Director, Supply
John Powell Director, Risk Management
Kari Lusk Director, NGL Commercial Operations
Tom Wright Director, Fleet Operations, Purchasing and Assets
Bob Howard Manager, Trucking Operations
Doyle Batey Manager, NGL Product Movement
Gene Jones Assistant Manager, Trucking Operations
Justin Gardner Manager, Accounting
Kent Blackford Manager, Business Development
Kevin Phillips Manager, CA Propane Wholesale
Michelle Rempe Manager, Distr
Scott Jones Manager, Plant Operations
Brooks Sherman
David Bertelsen
John Miller
Pat Houser
Phil Elbert
Ted Jeffocat
Arthur B. Krause Director
Robert D. Taylor Director

Board of Directors

Name (plus bio) Position
Richard T. O'Brien Board of Directors
Warren H. Gfeller Board of Directors

Organization Position Status
Inergy Holdings LLC President & CEO Current
Inergy, L.P. President, Chief Executive Officer and Director Current
Inergy, L.P. Board of Directors Current
Inergy, L.P. President Former
Dynegy, Inc. Vice President Former

Organization Position Status
Inergy, L.P. President, New York, Pennsylvania Division Current

Chris launched his 30-year career in the propane industry while still a student at Villanova University. He has extensive experience in all phases of the industry including operations, sales, marketing and customer service. Chris joined Inergy’s United Propane operation in 2005 and was named to his current position shortly thereafter.

Organization Position Status
Inergy, L.P. President, Mid Atlantic Division Current
Villanova University President Former

Following a nearly 20-year career in manufacturing and plant management, Dan joined Hoosier Propane in 1995 as an area manager. He became General Manager in 1998 and was named President in 2001. A native of Indiana, Dan is a graduate of Butler University in Indianapolis.

Organization Position Status
Inergy, L.P. President, Indiana Division Current
Butler University Former

With more than 35 years of experience in the propane industry, Dave served in a variety of management positions at Suburban Propane and as the President/CEO of SunEnergy Propane, Inc. He joined Inergy in 2005 as President of the Western New England Division.

Organization Position Status
Inergy, L.P. President Current

Organization Position Status
Inergy, L.P. President, Ohio Division Current
Independent Propane Company Former
Purdue University Former

A 30-year veteran of the propane industry, Ed began his career at Correll’s L.P. Gas in Indiana, later moving to Star Gas Propane. Ed worked in various management positions with Star Gas for 13 years before joining Inergy in 2004 as the Wisconsin Division President. Ed is a graduate of Indiana Wesleyan University.

Organization Position Status
Inergy, L.P. President, Wisconsin Division Current
Star Gas Partners, L.P. Former
Indiana Wesleyan University Former

Gary joined Country Gas in 1972 and has worked in virtually every role in the company. After receiving his degree from Northern Illinois University and a brief career in teaching, Gary returned to Country Gas in 1984 in a sales position. He later became Sales Manager, then General Manager and was named President of Country Gas in 2001.

Organization Position Status
Inergy, L.P. President, Illinois Division Current
Country Gas President Former

James entered the propane industry in 1993 with Highland Propane. He later moved to AmeriGas as Director of Operations for its Northeast Division, then rejoined Highland after its acquisition by Inergy in 2004. Before he began his propane career, James -- a graduate of Virginia Military Institute -- served in the U.S. Army.

Organization Position Status
Inergy, L.P. President, Virginia, North Carolina Division Current

Jeff is a 25-year veteran of the energy business and has spent most of his career with two of the petroleum industry’s leading consolidators. He has held several regional and senior management positions in both operations and sales & marketing. In 2008, Jeff joined Inergy as President of the newly created Southeastern Pennsylvania Division following the acquisition of Farm & Home Oil.

Organization Position Status
Inergy, L.P. President, Southeastern Pennsylvania Current

As a second generation industry veteran, Jim brings 30 plus years of multi-industry experience to his leadership role for Inergy. Jim began his propane career part time in 1975 and has served in many different management roles throughout his career in sales, marketing and operations. Jim is a past President of the Michigan Propane Gas Association and currently serves as an active member of the association today. Jim was named the Michigan Division President in 2007.

Organization Position Status
Inergy, L.P. President, Michigan Division Current
Michigan Propane Gas Association President Former

Organization Position Status
Dowdle Butane Gas Co. Inc. President Current
Inergy, L.P. President, Mississippi, Alabama Division Current
Dowdle Butane Gas Co. Inc. Vice President of Operations Former

After serving in the Navy, Mike spent nearly 15 years in operations and management for companies that include ACE Hardware. Shortly after joining the propane industry in 1998 he was named district manager for several locations. In 2003 Mike joined Independent Propane Company (IPC), which had been acquired by Inergy in 2001.

Organization Position Status
Inergy, L.P. President, Texas, Oklahoma Division Current

Organization Position Status
Inergy, L.P. President, Ohio Division Current

Sam first entered the propane industry as a manager with Suburban Propane in 1996. In 2000, he joined Star Gas Propane which was later acquired by Inergy in 2004. Throughout his career, Sam steadily assumed more responsibility while working in various markets in the Eastern United States. Prior to being named Florida Division President in 2008, he served as Operations Manager for Virginia. Sam received his BS from Virginia Tech and his MBA from Spring Arbor University.

Organization Position Status
Inergy, L.P. President, Florida Division Current

Organization Position Status
Inergy, L.P. President, Florida Division Current

A nearly 21-year veteran of the propane industry, Steve started his career with Agway Energy, later joined Star Gas Propane, and also worked for Suburban Propane. Steve re-joined Star Gas Propane in 2004, just prior to its acquisition by Inergy. Steve received his BS from Cornell University and his MBA from Western New England College.

Organization Position Status
Inergy, L.P. President, Eastern New England Division Current
Suburban Propane Partners, L.P. Former
Western New England College MBA Former
Cornell University BS Former

With extensive experience in both public accounting and private business, Brooks (no relation to John Sherman) joined Inergy in December 2000. From 1996 until 1999, Brooks worked with National Propane Partners, a publicly traded master limited partnership, first as its Controller and Chief Accounting Officer and subsequently as its Chief Financial Officer.

Organization Position Status
Inergy, L.P. Executive Vice President and Chief Financial Officer Current
Inergy, L.P. Board of Directors Current
MCM Capital Group Incorporated Chief Financial Officer Former
Berthel Fisher & Company Inc. Chief Financial Officer Former
Inergy, L.P. Senior Vice President Former

Organization Position Status
Inergy, L.P. Executive Vice President, Corp Development Current
Kinder Morgan G.P., Inc. Chief Financial Officer Former
Kinder Morgan G.P., Inc. Vice President Former
Kinder Morgan G.P., Inc. Treasurer Former

Phil is a 26-year propane industry veteran who joined Inergy in connection with the company's 2001 acquisition of the Hoosier Propane Group. Phil had been managing Hoosier's overall operations since 1992. Prior to that, Phil was with both Ferrellgas and Buckeye Gas Products. Phil now manages all of Inergy's regional operations.

Organization Position Status
Inergy, L.P. Executive Vice President, Propane Operationsxecutive Vice President Current
Inergy, L.P. Director Current
Inergy Holdings LLC Board of Directors Current

Andy joined Inergy in June 2002 from Kinder Morgan, Inc. where he worked in the company's Corporate Development Group. Prior to joining Kinder Morgan, Andy worked at Lehman Brothers in its Real Estate Principal Transactions Group. He received his undergraduate degree from Dartmouth College and his MBA from Columbia University.

Organization Position Status
Inergy, L.P. Senior Vice Presidentcorporate Development Current
Lehman Brothers Holdings Inc. Former
Columbia University MBA Former
Dartmouth College Undergraduate Degree Former

Organization Position Status
Inergy, L.P. Senior Vice President, Business Development Current
Inergy, L.P. Vice President Former
Dynegy, Inc. Regional Manager Former

Organization Position Status
Inergy, L.P. Senior Vice President, Wholesale & Supply Logistics Current

Laura joined Inergy in February of 2003 with an extensive business and legal background after 13 years at Sprint Corporation. From 1993 to 1996 Laura worked in Sprint's finance department, and from 1996 to 2003 she worked in Sprint's legal department where she served in several roles. At Inergy, Laura is responsible for all aspects of the company's legal representation.

Organization Position Status
Inergy, L.P. Senior Vice President, General Counsel and Secretary Current
Inergy Holdings LLC General Counsel, Vice President & Secretary Current
Sprint Corporation Assistant Former
Inergy, L.P. General Counsel Former

Bill, who manages the Stagecoach Natural Gas Storage Facility, joined Inergy in 2004 as Director of Midstream Operations. He was named Vice President of Midstream Operations in 2005 when Inergy acquired Stagecoach. Prior to joining Inergy, Bill held senior level positions with Westport Resources Corporation and KinderMorgan. Bill received a B.S. in Mechanical Engineering from Texas Tech University.

Organization Position Status
Inergy, L.P. Senior Vice President, Natural Gas Midstream Operations Current
The Stage Coach Current
Inergy, L.P. Director of Midstream Operations Former
Kinder Morgan, Inc. Senior Level Positions Former
Texas Tech University B.S. In Mechanical Engineering Former

Organization Position Status
Inergy, L.P. Vice President, Retail Operations, South Current
North Carolina State University Former

Organization Position Status
Inergy, L.P. Vice President, Wholesale Marketing Current
Koch Industries, Inc. Former

Rick joined Inergy in 2003 to manage the company's West Coast midstream operation. He has more than 27 years of diverse experience in the energy industry in the areas of planning, operations, engineering, mergers and acquisitions, and executive management. During his career Rick, who is a registered professional engineer, has worked for Mobil, Sunoco and Aquila Energy.

Organization Position Status
Inergy, L.P. Vice President, Inergy Services Current
Aquila, Inc. Current
Sunoco, Inc. NA Former
Mobil Corporation Former

With more than 20 years experience in the propane industry, Ted spent nine years with Star Gas Partners where he became Vice President of Operations for the East. Ted joined Inergy in 2004 through the Star Gas Propane acquisition. He received his BS from Worcester State College and his MBA from Anna Maria College.

Organization Position Status
Inergy, L.P. Vice President, Retail Operations, East Current
Star Gas Partners, L.P. Former
Anna Maria College MBA Former
Worcester State College BS Former

Tom joined Inergy in late 2001 with the acquisition of Independent Propane Company (IPC), where he had been named President in 2004. In 2005 Tom was named President of the Mississippi/Alabama Division following Inergy’s acquisition of Dowdle Gas. Earlier in his career Tom held management positions with 3M Company, Toshiba and Thermogas Propane.

Organization Position Status
Inergy, L.P. Vice President, Retail Operations, Midwest Current
3M Company Former
Independent Propane Company Former

A 21-year veteran of the propane industry, Bill started his career with Ferrellgas in 1985. Bill later co-founded and managed Supply and Risk Management for LPG Services, which was eventually acquired by Dynegy. In 1998, Bill joined Inergy at its inception launching the Supply and Risk Management group, which he continues to manage along with the Wholesale Marketing team.

Organization Position Status
Inergy, L.P. Vice President, Supply and Wholesale Marketing Current
Risk Management, Inc. Co-Founder Former

Organization Position Status
United Propane Inc. Chief Executive Officer Current
Inergy, L.P. Managing General Partner Current
United Propane Inc. Owner Current
Maryland.Com State Senator Current
Inergy, L.P. Director Current
Inergy Holdings LLC Board of Directors Current
United Propane Inc. Cto Former

Organization Position Status
Inergy, L.P. Director, Supply Current

Organization Position Status
Inergy, L.P. Director, Supply & Risk Marketing, East Current

Organization Position Status
Inergy, L.P. Director, Supply & Risk Marketing, MIdwest Current

Organization Position Status
Inergy, L.P. Director, Business Development Current
Inergy, L.P. Director, Business Development Former

Organization Position Status
Inergy, L.P. Director, Supply Current

Organization Position Status
Inergy, L.P. Director, Risk Management Current

Organization Position Status
Inergy, L.P. Director, NGL Commercial Operations Current
Inergy, L.P. Director, Commercial Operations Former

Tom joined Inergy in 2004 with the company's acquisition of Star Gas Propane. A graduate of the University of Phoenix, Tom has over 25 years of management experience including seven years as a branch manager and 19 years as Regional Manager and Fleet Director for Star Gas/Blue Flame LP Gas.

Organization Position Status
Inergy, L.P. Director, Fleet Operations, Purchasing and Assets Current
Inergy, L.P. Director Current
University of Phoenix, Inc. branch manager Former
University of Phoenix Former

Organization Position Status
Inergy, L.P. Manager, Trucking Operations Current

Organization Position Status
Inergy, L.P. Manager, NGL Product Movement Current

Organization Position Status
Inergy, L.P. Assistant Manager, Trucking Operations Current

Organization Position Status
Inergy, L.P. Manager, Accounting Current

Organization Position Status
Inergy, L.P. Manager, Business Development Current

Organization Position Status
Inergy, L.P. Manager, CA Propane Wholesale Current

Organization Position Status
Inergy, L.P. Manager, Distr Current

Organization Position Status
Inergy, L.P. Manager, Plant Operations Current

Organization Position Status
Inergy, L.P. Current

Organization Position Status
Inergy, L.P. Current

A Penn State graduate, John has spent his entire career in the propane industry. After more than 25 years with AmeriGas Propane in a variety of management positions, John served as Executive Vice President with EnergyUSA Propane prior to joining Inergy. John was named Eastern Ohio/Western Pennsylvania Division President in 2005.

Organization Position Status
Inergy, L.P. Current
AmeriGas Propane Inc Executive Vice President Former
Energyusa Propane Executive Vice President Former

Pat began his 13 year career in the propane industry with Ferrellgas in 1992 in both area and regional operations management roles. In addition, he had a 15 year career at ChemLawn, holding various operations management positions and — just prior to joining Inergy in 2008 — was a Regional Sales Manager for Actaris Liquid Measurement. Pat is a graduate of Columbus State Community College.

Organization Position Status
Inergy, L.P. Current
Actaris Liquid Measurement LLC Regional Sales Manager Former
Columbus State Community College Former

Organization Position Status
Inergy, L.P. Current

Organization Position Status
Inergy, L.P. Current
Anna Maria College MBA Former
Worcester State College BS Former

Arthur Krause was executive vice president and chief financial officer for Sprint Corporation from 1988 to 2002. From 1980 to 1986, he was senior vice president of United Telephone System. He was president of United Telephone - Eastern Group from 1986 to 1988. He also held various management positions at General Telephone and Electronics (GTE) from 1966 to 1971. He is on the board of directors of Inergy and Clockwork Home Services. He received a bachelor of science in accounting from Marquette University in 1966.

Organization Position Status
Inergy Board of Directors Current
Clockwork Home Services, Inc. Board of Directors Current
Inergy, L.P. Director Current
Westar Energy, Inc. Director Current
Inergy Holdings LLC Board of Directors Current
Sprint Corporation President, United Telephone, Eastern Group Former
Sprint Corporation Chief Financial Officer Former
Sprint Corporation Executive Vice President Former
Marquette University Bachelor of Science In Accounting Former
Inergy, L.P. Member Former

Richard O’Brien was elected president and chief executive officer in 2007, having previously served as president and chief financial officer and executive vice president and chief financial officer during 2006 and 2007, and as senior vice president and chief financial officer from 2005 to 2006. Mr. O'Brien was executive vice president and chief financial officer of AGL Resources in Atlanta, Georgia from 2001. Mr. O'Brien previously served in senior executive positions for Mirant (formerly Southern Energy, Inc.) and PacifiCorp. He has over 20 years of broad financial and operational experience in the energy, power and natural resources businesses. A graduate of the University of Chicago, Mr. O'Brien received his bachelor of arts degree in economics. He also holds a doctor of jurisprudence degree from Lewis and Clark College, Northwestern School of Law.

Organization Position Status
Newmont Mining Corporation Chief Executive Officer Current
Newmont Mining Corporation Board of Directors Current
Inergy, L.P. Board of Directors Current
Vulcan Materials Company Board of Directors Current
Newmont Inc. President Former
Newmont Mining Corporation President Current
Newmont Mining Corporation Executive Vice President and Chief Financial Officer Former
AGL Resources Inc. Executive Vice President Former
Mirant Corporation Former
Lewis & Clark College doctor of jurisprudence degree Former
Northwestern University School of Law doctor of jurisprudence degree Former
Inergy, L.P. Member Former

Organization Position Status
Executive Airshare CEO Current
Executive Airshare President Current
Executive Airshare Chairman Current
Elecsys Corporation Chairman Current
Elecsys Corporation Board of Directors Current
Inergy Holdings LLC Board of Directors Current
Inergy, L.P. Director Current
Commercial Federal Corporation Board of Directors Current
Wichita Executive Aircraft Corporation President Former
Executive Airshare Founder Former
Executive Airshare Manager Former
Commercial Federal Corporation Director Former
The University of Kansas member Former

Organization Position Status
Duckwall-ALCO Stores, Inc. Chairman Current
Zapata Corporation Chairman of The Audit Committee Current
Inergy Holdings LLC Director Current
Inergy, L.P. Board of Directors Current
Duckwall-ALCO Stores, Inc. Board of Directors Current
Energy Sources Limited Chief Financial Officer Former
Arthur Young, Inc. CPA Former

Executive News

  • Newmont Mining 2Q profit slides 40 percent

    Lake Wylie Pilot - 7/23/09 - View Story

  • Newmont Benefits from Lower Costs; Generates Net Cash From Continuing Operations of $503 Million; Boddington Start-Up Underway

    Street Insider - 7/23/09 - View Story

  • Newmont Benefits from Lower Costs; Generates Net Cash From Continuing Operations of $503 Million; Boddington Start-Up Underway

    Twin Cities Business Journal - 7/23/09 - View Story

  • Drilling method to be discussed

    NewsOK.com - 6/26/09 - View Story

  • Newmont acquires AngloGold's 33.33% stake at Boddington

    Stockwatch - 6/26/09 - View Story

  • Newmont Closes Acquisition of Remaining Interest in Boddington

    CNW Group via Yahoo! - 6/25/09 - View Story

  • Newmont Closes Acquisition of Remaining Interest in Boddington

    Stockwatch - 6/25/09 - View Story

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     NRGY $34.11 -0.06 (-0.18% )
Average Volume 201,370
Shares Outstanding 59.82M
Market Cap 2.0B
Year High 34.5
Year Low 13.854
Earnings Per Share 1.12
P/E Ratio 30.46
Dividend 2.70
Yield 7.92
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