Inergy (NRGY -16.8%) says it is evaluating its operating businesses and is in the process of...

|By:, SA News Editor

Inergy (NRGY -16.8%) says it is evaluating its operating businesses and is in the process of major cost reductions in its propane units, after reporting distributable cash flow for 2011 covered only 68% of its dividend payments. NRGY leaves its latest distribution the same as previous quarters but says it will consider resetting them to a more sustainable level. NRGM -3%.