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.

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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.

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) reported today its financial and operating results for the three months ended December 31, 2022. Fourth Quarter and Full-Year 2022 Financial Highlights1 Fourth quarter 2022 net income of $53.9 million, compared to net income of $78.6 million in fourth quarter 2021; full-year 2022 net income of $72.5 million, compared to a net loss of $37.4 million in 2021 Fourth quarter 2022 Adjusted EBITDA of $200.

Crestwood Announces Fourth Quarter 2022 Financial and Operating Results, the Divestiture of Tres Palacios for $335 Million, and Provides 2023 Guidance and Outlook

Acquisitions and divestitures have re-positioned CEQP's assets. Improved in-basin scale will allow for more high-return projects or bolt-on acquisitions.

Crestwood Equity: Dealmaking Has Transformed The Company

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HOUSTON--( BUSINESS WIRE )--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced that the board of directors of its general partner has declared the partnership's quarterly cash distribution of $0.655 per limited partner unit ($2.620 annually) for the quarter ended December 31, 2022, 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 preferred distributions will be made on February 14, 2023, to unitholders of record as of February 7, 2023.

Crestwood Announces Quarterly Distribution and Schedules Fourth Quarter 2022 Earnings Release Date

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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 $600 million in aggregate principal amount of 7.375% unsecured Senior Notes due 2031 (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”). This represents a $100 million increase in the original offering amount. The Notes will be guaranteed on a senior unsecured basis by all of CMLP's subsidiaries that guarantee its existing notes and the indebtedness under its revolving credit facility (the “Revolving Credit Facility”). CMLP expects to close the offering on January 19, 2023, subject to customary closing conditions, and the Notes will be issued at par.

Crestwood Midstream Announces Pricing of Upsized Private Offering of $600 Million of Senior Notes Due 2031

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 $500 million in aggregate principal amount of unsecured Senior Notes due 2031 (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 of CMLP's subsidiaries that guarantee its existing notes and the indebtedness under its revolving credit facility (the “Revolving Credit Facility”).

Crestwood Midstream Announces Private Offering of $500 Million of Senior Notes

CEQP Preferred shares have better shareholder benefits than most, including being non-redeemable. This coming from a company with 80% of revenues being fixed rate/take or pay.

Crestwood Equity Partners Preferred Shares: Major Market Mispricing

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Crestwood Equity Partners LP is a growing midstream with strong distributable cash flow. Distribution coverage all but ensures distribution growth.

Crestwood Equity: 9.5% Yield, Strong Distribution Coverage, Cheap Valuation

HOUSTON--( BUSINESS WIRE )--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced that it expects fourth quarter 2022 financial results to be impacted by extreme winter weather events that adversely impacted volumes and well connect activity across Crestwood's gathering & processing assets during the quarter. The severity and duration of these weather events forced producers to contend with surface equipment freezing, widespread power outages, and limited road accessibility, which resulted in well shut-ins, facility downtime, and delays in drilling and completion activity. Compared with previous expectations underpinning prior full-year 2022 guidance, Crestwood estimates fourth quarter Williston Basin gathering volumes to have decreased by approximately 15%, and Powder River Basin and Delaware Basin gas gathering volumes to have decreased by approximately 5% to 10%. As a result, Crestwood anticipates that its full-year 2022 financial results will be slightly below previously provided guidance ranges. Crestwood and its producer customers have fully resumed normal operations and expect these volume disruptions to be isolated to the fourth quarter.

Crestwood Provides Fourth Quarter Operational Update

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

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Higher operating expenses hurt Crestwood Equity's (CEQP) Q3 earnings.

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Crestwood: Small Delay In Volume Growth Should Correct This Quarter And Next

Crestwood Equity Partners LP (NYSE:CEQP ) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Robert Halpin - President Diaco Aviki - EVP & COO John Black - EVP & CFO Conference Call Participants Stephen McGee - JPMorgan Chase & Co. Neal Dingmann - Truist Securities Ned Baramov - Wells Fargo Securities Elvira Scotto - RBC Capital Markets Operator Good morning, and welcome to today's conference call to discuss Crestwood Equity Partners' Third Quarter 2022 Financial and Operating Results. Before we begin the call, listeners are reminded that the company may take 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) Q3 2022 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 September 30, 2022.

Crestwood Announces Third Quarter 2022 Financial and Operating Results

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