Crestwood Equity Partners

Crestwood Equity Partners LP engages in investment and management of energy midstream assets. It operates through the following segments: Gathering and Processing, Storage and Transportation, and Marketing, Supply, and Logistics. The Gathering and Processing segment provides gathering and transportation services, processing, treating, and compression services, and disposal services to producers in unconventional shale plays and tight-gas plays. The Storage and Transportation segment includes COLT Hub and equity investments in three joint ventures. The Marketing, Supply, and Logistics segment consists of natural gas liquids, crude oil, and natural gas marketing and logistics operations. The company was founded by Robert G. Phillips in October 2010 and is headquartered in Houston, TX.

Earnings data Q1 2020

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Crestwood Equity Partners overcomes setbacks, poised for growth in 2023

Crestwood Equity Partners navigated challenges in 2022 to set the stage for growth in 2023. Strong financial performance in Q4 and full-year increases signal resilience. Strategic focus on debt reduction, flat distribution, and free cash flow generation enhances stability and positions the company for future opportunities.

Crestwood Equity Partners excels in Q1 2023, poised for growth

Crestwood Equity Partners delivered strong Q1 2023 results, showcasing operational efficiency and financial prudence amidst market challenges and opportunities.
The company's strategic repositioning efforts have enhanced its competitive positioning, with a focus on growth projects, debt reduction, and value creation for stakeholders.
While facing challenges in a competitive pricing environment and operational optimization, Crestwood remains optimistic about the future, emphasizing execution and maximizing available capacity.
With a solid performance in key segments, strong financial metrics, and a focus on long-term sustainability, Crestwood is well-positioned for continued growth and value creation.

Crestwood Equity Partners reports mixed Q2 results, optimistic outlook

Crestwood Equity Partners had a mixed quarter with strong operational performance but challenges from lower commodity prices. The company remains optimistic about future outlook, expecting improved performance in the second half of the year and into 2024.

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Crestwood Equity Partners LP engages in investment and management of energy midstream assets. It operates through the following segments: Gathering and Processing, Storage and Transportation, and Marketing, Supply, and Logistics. The Gathering and Processing segment provides gathering and transportation services, processing, treating, and compression services, and disposal services to producers in unconventional shale plays and tight-gas plays. The Storage and Transportation segment includes COLT Hub and equity investments in three joint ventures. The Marketing, Supply, and Logistics segment consists of natural gas liquids, crude oil, and natural gas marketing and logistics operations. The company was founded in March 2001 and is headquartered in Houston, TX.

The company weathered last year's storm with ease, setting itself up to prosper as market conditions improve.

This 11.5%-Yielding Dividend Stock Is in Great Shape

Crestwood Equity Partners' (CEQP) CEO Bob Phillips on Q4 2020 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) reported today its financial and operating results for the three months ended December 31, 2020. Fourth Quarter and Full-Year 2020 Highlights1 Fourth quarter 2020 net income of $27.8 million, compared to net income of $47.2 million in fourth quarter 2019; Full-year net loss of $15.3 million, compared to net income of $319.9 million in 2019 Fourth quarter 2020 Adjusted EBITDA of $165.1 million, compared to $149.0 m

Crestwood Announces Fourth Quarter 2020 Financial and Operating Results and Provides 2021 Guidance and Outlook

A Relative Strength Rating upgrade for Crestwood Equity shows improving technical performance. Will it continue?

Crestwood Equity Earns IBD Rating Upgrade

Crestwood Equity Partners LP's operation satisfies the company just enough to sustain and cover its obligations. A leader in terms of dividend yield declared a $0.625 per share higher than the previous quarter.

Crestwood Equity Partners: Rocket Launch Pad Or Rock Bottom

ConocoPhillips

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that Frances M. Vallejo has been appointed to serve on the Board of Directors of its general partner. Ms. Vallejo brings more than 30 years of experience in energy and finance. From 1987 to 2016, Ms. Vallejo held numerous leadership positions at ConocoPhillips (NYSE:COP), one of the world's largest independent exploration and production companies, including vice president of corporate planning and

Crestwood Appoints Frances M. Vallejo to Its Board of Directors

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood” or “CEQP”) announced today that the board of directors of its general partner has declared the partnership's quarterly cash distribution of $0.625 per limited partner unit ($2.50 annually) for the quarter ended December 31, 2020, which is flat quarter over quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferre

Crestwood Announces Quarterly Distribution and Schedules Fourth Quarter 2020 Earnings Release Date

HOUSTON--(BUSINESS WIRE)--Crestwood Midstream Partners LP (“CMLP”), a wholly-owned subsidiary of Crestwood Equity Partners LP (NYSE: CEQP), announced today the expiration and final results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 6.25% Senior Notes due 2023 (the “2023 Notes”). The Tender Offer expired at 5:00 p.m., New York City time, on January 13, 2021 (the “Expiration Time”). As of the Expiration Time, as reported by the te

Crestwood Midstream Announces Expiration and Final Results of its Previously Announced Tender Offer for Any and All of its Outstanding 6.25% Senior Notes Due 2023

HOUSTON--(BUSINESS WIRE)--Crestwood Midstream Partners LP (“CMLP”), a wholly-owned subsidiary of Crestwood Equity Partners LP (NYSE: CEQP), announced today that it has priced $700 million in aggregate principal amount of 6.00% unsecured Senior Notes due 2029 (the “Notes”) in a private offering (the “Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by all o

Crestwood Midstream Announces Pricing of Private Offering of $700 Million of 6.00% Senior Notes Due 2029

HOUSTON--(BUSINESS WIRE)--Crestwood Midstream Partners LP (“CMLP”), a wholly-owned subsidiary of Crestwood Equity Partners LP (NYSE: CEQP), announced today that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 6.25% Senior Notes due 2023 (the “2023 Notes”). As of December 31, 2020, there was $687,190,000 aggregate principal amount of the 2023 Notes outstanding. The Tender Offer is being made pursuant to an offer to purchase, dated today, and a

Crestwood Midstream Announces Tender Offer for Any and All of Its 6.25% Senior Notes Due 2023

HOUSTON--(BUSINESS WIRE)--Crestwood Midstream Partners LP (“CMLP”), a wholly-owned subsidiary of Crestwood Equity Partners LP (NYSE: CEQP), announced today its intention, subject to market and other conditions, to offer $700 million in aggregate principal amount of unsecured Senior Notes due 2029 (the “Notes”) in a private offering (the “Notes Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be guarante

Crestwood Midstream Announces Private Offering of $700 Million of Senior Notes

The midstream company's 12.5% dividend yield certainly looks appealing.

Is Crestwood Equity Partners Stock a Buy

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Crestwood Equity Partners: Upcoming Capital Expenditure Cuts Could Manage To Secure The Distribution

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The MLP expects to deliver estimate-beating cash flow this year and in 2021.

This 17%-Yielding Energy Stock Believes It Can Sustain Its Monster Dividend

Crestwood Equity Partners' (CEQP) CEO Bob Phillips on Q3 2020 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today reported its financial and operating results for the three months ended September 30, 2020. Third Quarter 2020 Highlights (1) Third quarter 2020 net income of $4.6 million, compared to net income of $33.6 million in third quarter 2019 Third quarter 2020 Adjusted EBITDA of $136.0 million, compared to $140.9 million in the third quarter 2019 Third quarter 2020 distributable cash flow to common unitholders of $

Crestwood Announces Third Quarter 2020 Financial and Operating Results and Provides Preliminary 2021 Outlook

Crestwood Equity Partners is a well-diversified midstream company with exposure to all of the major basins in the continental United States

Crestwood Equity Partners: Continuing To Weather The Storm

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood” or “CEQP”) announced today that the board of directors of its general partner has declared the partnership’s quarterly cash distribution of $0.625 per limited partner unit ($2.50 annually) for the quarter ended September 30, 2020, which is flat quarter over quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferr

Crestwood Announces Quarterly Distribution and Schedules Third Quarter 2020 Earnings Release Date

Crestwood Equity Partners: Still Edging Closer To A Distribution Cut Despite Decent Second Quarter

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News for Crestwood Equity Partners Stock (CEQP)