Exhibit 99.1
2007 Earnings Guidance (d)
Forecast Range Fiscal Year Ended September 30, 2007 | ||||||
($’s in millions) | Low | High | ||||
Net Income (a) | $ | 54 | $ | 59 | ||
Interest Expense (a) (b) | 55 | 58 | ||||
Depreciation and Amortization (a) | 78 | 82 | ||||
Income Taxes (a) | 1 | 1 | ||||
Adjusted EBITDA (a) | $ | 188 | $ | 200 | ||
Maintenance Capital Expenditures | $ | 6 | $ | 6 | ||
Net Income Allocable to Limited Partners (c) | $ | 32 | $ | 37 | ||
Limited Partner Units O/S | 45 | 45 |
(a) | Estimates exclude any one-time or non-recurring charges that may occur. Depreciation and amortization are based upon a preliminary purchase price allocation and may be subject to change. |
(b) | Estimate includes approximately $2 million of non-cash interest expense. |
(c) | Based upon current limited partnership units outstanding, general partner ownership, and current distribution of $0.545 per quarter. |
(d) | The earnings guidance above is based on various forward-looking assumptions made by the management of Inergy. While Inergy believes that these assumptions are reasonable, it can give no assurance that such results will materialize. |