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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Earnings data Q3 2024

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.

Crestwood remains on track, despite some Bakken volume issues, due to harsh winter weather. The company has transformed itself over the years, and is now focused on its core positions in the Bakken and Permian. With an over 10% yield, the stock looks very attractive for income-oriented investors.

Crestwood Equity Partners Remains On Track Despite Bakken Weather Impact

Crestwood Equity Partners LP (CEQP) reported earnings 30 days ago. What's next for the stock?

Why Is Crestwood Equity Partners LP (CEQP) Up 5.8% Since Last Earnings Report?

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Declining contributions from Gathering and Processing North business hurt Crestwood's (CEQP) Q1 earnings.

Crestwood (CEQP) Stock Falls 3.8% Despite In-Line Q1 Earnings

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) reported today its financial and operating results for the three months ended March 31, 2023. First Quarter 2023 Financial Highlights1 First quarter 2023 net income of $41.6 million, compared to net income of $22.2 million in first quarter 2022, an increase of 87% year-over-year First quarter 2023 Adjusted EBITDA of $192.6 million, compared to $172.8 million in the first quarter 2022, an increase of 11% year-over-.

Crestwood Announces First Quarter 2023 Financial and Operating Results

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood” or the “Company”) announced today that Steven Dougherty, Executive Vice President and Chief Accounting Officer, will be leaving the Company to pursue other opportunities. Mr. Dougherty will continue to serve in his current role through the end of the second quarter 2023 to ensure an orderly transition of his responsibilities. “I would like to personally thank Steven, or “Doc” as we fondly refer to him within the Co.

Crestwood Announces Executive Team Changes

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.655 per limited partner unit ($2.620 annually) for the quarter ended March 31, 2023, which is flat quarter-over-quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per preferred equity unit ($0.8444 annually).

Crestwood Announces Quarterly Distribution and Schedules First Quarter 2023 Earnings Release Date

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The Crestwood Equity Partners LP preferreds yield 9.32%, and have stronger protections than most preferreds. The preferred dividend coverage improved 7.17X to an even stronger 8.76X in 2022.

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Higher gas gathering and processing volumes aid Crestwood's (CEQP) earnings in Q4.

Crestwood (CEQP) Tops on Q4 Earnings, Gives 2023 EBITDA View

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Crestwood Equity Partners LP (NYSE:CEQP ) Q4 2022 Earnings Conference Call February 21, 2023 9:00 AM ET Company Participants Robert Phillips - Founder, Chairman, and Chief Executive Officer Robert Halpin - President John Black - Executive Vice President and Chief Financial Officer Conference Call Participants Spiro Dounis - Citi Neal Dingmann - Truist Securities Operator Good morning, and welcome to today's conference call to discuss Crestwood Equity Partners' Fourth Quarter 2022 Financial and Operating Results and 2023 Outlook. Before we begin the call, listeners are reminded that the company may make certain forward-looking statements as defined in the Securities and Exchange Act of 1934 that are based on assumptions and information currently available at the time of today's call.

Crestwood Equity Partners LP (CEQP) Q4 2022 Earnings Call Transcript

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