Crestwood Announces Second Quarter 2013 Distribution

             Crestwood Announces Second Quarter 2013 Distribution

Earnings Release and Conference Call Scheduled for August 6

PR Newswire

HOUSTON, July 18, 2013

HOUSTON, July 18, 2013 /PRNewswire/ --Crestwood Midstream Partners LP (NYSE:
CMLP) ("Crestwood") announced today that it is maintaining its quarterly
distribution of $0.51 per unit, or $2.04 per unit on an annualized basis, for
the quarter ended June 30, 2013. This distribution will be payable on August
9, 2013, to unitholders of record on August 1, 2013. 

With respect to the second quarter 2013 distribution, Crestwood's Class D
units will receive additional Class D units in lieu of a cash distribution, as
consistent with past practice. The Class D units will convert to common units
on March 1, 2014. 

Crestwood plans to report financial results for the second quarter 2013 on
Tuesday, August 6, 2013, before the New York Stock Exchange opens for
trading. Following the announcement, Crestwood will host a conference call
for investors and analysts at 10:00 a.m. Eastern Time (9:00 a.m. Central Time)
that day to discuss the operating and financial results. The call will be
broadcast live over the internet. Investors may participate either by phone or
audio webcast.

            Dial 480-629-9723 at least 10 minutes before the call and ask for
By Phone:   the Crestwood Earnings Call. A replay will be available for 30
            days by dialing 303-590-3030 and using the access code 4631393.
            Connect to the webcast via the "Presentations" page of Crestwood's
            Investor Relations website at Please log in
By Webcast: at least 10 minutes in advance to register and download any
            necessary software. A replay will be available shortly after the
            call for 90 days.

About Crestwood Midstream Partners LP

Houston, Texas-based Crestwood is a growth-oriented, midstream master limited
partnership which owns and operates predominately fee-based gathering,
processing, treating and compression assets servicing natural gas producers in
the Barnett Shale in north Texas, the Marcellus Shale in northern West
Virginia, the Fayetteville Shale in northwest Arkansas, the Granite Wash in
the Texas Panhandle, the Avalon Shale/Bone Spring in southeastern New Mexico
and the Haynesville/Bossier Shale in western Louisiana. For more information
about Crestwood, visit The general partner of Crestwood
is owned by Inergy, L.P. (NYSE: NRGY). For more information about Inergy,

Forward-Looking Statements

The statements in this news release regarding future events, occurrences,
circumstances, activities, performance, outcomes and results are
forward-looking statements. Although these statements reflect the current
views, assumptions and expectations of Crestwood's management, the matters
addressed herein are subject to numerous risks and uncertainties which could
cause actual activities, performance, outcomes and results to differ
materially from those indicated. Such forward-looking statements include, but
are not limited to, statements about the future financial and operating
results, objectives, expectations and intentions and other statements that are
not historical facts. Factors that could result in such differences or
otherwise materially affect Crestwood's financial condition, results of
operations and cash flows including, without limitation, changes in general
economic conditions; fluctuations in oil, natural gas and NGL prices; the
extent and success of drilling efforts, as well as the extent and quality of
natural gas volumes produced within proximity of our assets; failure or delays
by our customers in achieving expected production in their natural gas
projects; competitive conditions in our industry and their impact on our
ability to connect natural gas supplies to our gathering and processing assets
or systems; actions or inactions taken or non-performance by third parties,
including suppliers, contractors, operators, processors, transporters and
customers; our ability to consummate acquisitions, successfully integrate the
acquired businesses, realize any cost savings and other synergies from any
acquisition; changes in the availability and cost of capital; operating
hazards, natural disasters, weather-related delays, casualty losses and other
matters beyond our control; timely receipt of necessary government approvals
and permits, our ability to control the costs of construction, including costs
of materials, labor and right-of-way and other factors that may impact our
ability to complete projects within budget and on schedule; the effects of
existing and future laws and governmental regulations, including environmental
and climate change requirements; the effects of existing and future
litigation; and risks related to our substantial indebtedness, as well as
other factors disclosed in Crestwood's filings with the U.S. Securities and
Exchange Commission. You should read our filings with the U.S. Securities and
Exchange Commission, including our Annual Report on Form 10-K for the year
ended December 31, 2012, and our most recent Quarterly Reports and Current
Reports for a more extensive list of factors that could affect results.

Tax Notice to Foreign Investors

This release serves as qualified notice to nominees under Treasury Regulation
Sections 1.1446-4(b)(4) and (d). Please note that 100% of Crestwood's
distributions to foreign investors are attributable to income that is
effectively connected with a United States trade or business. Accordingly, all
of Crestwood's distributions to foreign investors are subject to federal
income tax withholding at the highest effective tax rate for individuals or
corporations, as applicable. Nominees, and not Crestwood, are treated as the
withholding agents responsible for withholding on the distributions received
by them on behalf of foreign investors.

Investor Contact:

Mark Stockard

SOURCE Crestwood Midstream Partners LP; Inergy, L.P.

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