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.

The energy company delivered better-than-expected results during the energy sector's most challenging quarter in history.

This 16.6%-Yielding Energy Dividend Is on a Surprisingly Solid Foundation

Crestwood Equity Partners LP's (CEQP) CEO Bob Phillips on Q2 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 June 30, 2020. Second Quarter 2020 Highlights (1) Second quarter 2020 net loss of $24.3 million, compared to net income of $225.0 million in second quarter 2019 Second quarter 2020 Adjusted EBITDA of $127.8 million, an increase of 5% compared to $121.3 million in the second quarter 2019 Second quarter 2020 distributable cash flow to comm

Crestwood Announces Second Quarter 2020 Financial and Operating Results

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Crestwood Equity Partners LP (CEQP) Right Now?

Preferred shares have taken a major role in our portfolio, providing us with stable income even through a black swan crisis.

Crestwood Partners: Incredibly Rare Opportunity For Retail Investors - Uncallable 15% Yield

The company announced its earnings release date, but it was the CEO's comments that got investors excited.

Why Crestwood Equity Partners Units Rocketed 16% at the Open Today

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 June 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).

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

While the market thinks Crestwood Equity Partners will cut its high-yielding dividend, the energy company's responses suggest otherwise.

Is This 20%-Yielding Energy Stock Too Good to Be True?

Crestwood Equity Partners: The Distribution Could Go Either Way When Results Land

HOUSTON--(BUSINESS WIRE)--Today Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) provided an update on its Bakken operations including the Arrow gathering system, Bear Den processing plants and the COLT Hub and Rail Loading Facility. Throughout the second quarter 2020, basin fundamentals steadily improved as crude oil pipeline and storage limitations were alleviated and WTI pricing and Bakken basis differentials stabilized. Correspondingly, Arrow crude oil, natural gas and produced water

Crestwood Provides Update on Bakken Operations

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Investors need to pay close attention to Crestwood Equity (CEQP) stock based on the movements in the options market lately.

Are Options Traders Betting on a Big Move in Crestwood Equity (CEQP) Stock?

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that Chesapeake Energy (NYSE: CHK) (“Chesapeake”), a customer in the Powder River Basin and northeast Marcellus, has filed for protection under Chapter 11 of the U.S. bankruptcy code. Crestwood has been preparing for this event over the past few months and is well-positioned to maintain full operations to Chesapeake throughout bankruptcy proceedings. Crestwood’s gathering and processing systems are

Crestwood Responds to Chesapeake Energy’s Bankruptcy Filing

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The oil and gas midstream company maintained its sky-high 17.6% dividend even in the face of COVID-19.

Why Crestwood Equity Partners Stock Skyrocketed 29.9% in May

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The MLP bounced back big time after a rough March.

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Crestwood Equity Partners LP (CEQP) CEO Bob Phillips on Q1 2020 Results - Earnings Call Transcript

The high-yielding MLP reported stronger-than-expected first-quarter results.

Why Units of Crestwood Equity Partners Are Soaring Today

Shares of Crestwood Equity Partners (NYSE:CEQP) moved higher by 3.5% in pre-market trading after the company reported Q1 results.

Recap: Crestwood Equity Partners Q1 Earnings

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Crestwood Equity Partners still might alter its strategy if it needs to bolster its financial flexibility.

This Ultra-High-Yield Stock Plans to Maintain Its Dividend -- for Now

Crestwood Equity (CEQP) saw a big move last session, as its shares jumped more than 10% on the day, amid huge volumes.

News for Crestwood Equity Partners Stock (CEQP)