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

Crestwood Equity Partners LP (CEQP) Up 4.5% Since Last Earnings Report: Can It Continue?

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Per the terms of the deal, Crestwood (CEQP) unitholders will receive 2.07 Energy Transfer (ET) common units for each of its common units.

Crestwood (CEQP) Signs Deal to Divest Stakes in All-Stock Deal

Energy Transfer (NYSE: ET) stock price has been a shining star in the energy market for years. The shares have consistently outperformed popular energy stocks like ExxonMobil, Chevron, and Shell.

Is Energy Transfer stock a buy after the Crestwood buyout?

NEW YORK , Aug. 16, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Crestwood Equity Partners LP (NYSE: CEQP) and its board of directors concerning the proposed acquisition of the company by Energy Transfer LP (NYSE: ET). Unitholders will receive 2.07 Energy Transfer common units for each common unit of Crestwood Equity Partners that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Crestwood Equity Partners LP

Energy Transfer (ET) plans to acquire Crestwood Equity Partners (CEQP) in all-equity deal valued at $7.1 billion, including the assumption of debt and preferred securities. The transaction is expected to close in 4Q23 subject to typical approvals, including a vote by CEQP unitholders.

MLP M&A Continues: ET to Acquire CEQP

Pipeline operator Energy Transfer said on Wednesday it will buy Crestwood Equity Partners in a deal valued at about $7.1 billion, including $3.3 billion in debt.

Energy Transfer to buy Crestwood in $7.1 billion deal

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Crestwood Equity Partners LP (NYSE: CEQP) to Energy Transfer LP for 2.07 Energy Transfer common units for each Crestwood common unit is fair to Crestwood shareholders. Upon closing, Crestwood common unitholders are expected to own approximately 6.5% of Energy Transfer's outstanding common units. Halper Sadeh encourages Crestwood shareholders to click here to learn more about their lega.

CEQP STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of Crestwood Equity Partners LP Is Fair to Shareholders

Energy Transfer LP ET said Wednesday it would pay 2.07 common units for each unit of Crestwood Equity Partners LP CEQP in an all-equity deal valued at $7.1 billion, including the assumption of $3.3 billion of debt. Based on Energy Transfer's closing unit price of $12.56 per unit on Tuesday, the deal values Crestwood Equity Partners at about $26 per unit, in line with its closing price of $26.19 on Tuesday.

Energy Transfer buying Crestwood Equity Partners in unit-for-unit deal

DALLAS & HOUSTON--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) (“Energy Transfer”) and Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the parties have entered into a definitive merger agreement pursuant to which Energy Transfer will acquire Crestwood in an all-equity transaction valued at approximately $7.1 billion, including the assumption of $3.3 billion of debt, based on the closing price on August 15, 2023. Under the terms of the agreement, Crestwood common u.

Energy Transfer to Acquire Crestwood in a $7.1 Billion All-Equity Transaction

Crestwood (CEQP) is well-positioned for growth on the back of an extensive network of pipelines used for natural gas gathering and processing.

Here's Why Crestwood (CEQP) is an Attractive Investment Bet

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Investors may keep a tab on stocks like GGB, CEQP and TSQ, with higher dividend yields compared to the industry.

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Contributions from the Storage and Logistics business unit aid Crestwood's (CEQP) Q2 earnings. Lower gas-gathering volumes from the Williston Basin hurt the bottom line.

Crestwood (CEQP) Q2 Earnings Beat on Storage and Logistics

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The headline numbers for Crestwood Equity Partners LP (CEQP) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Crestwood Equity Partners LP (CEQP) Q2 Earnings: A Look at Key Metrics

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood” or “Company”) reported today its financial and operating results for the three months ended June 30, 2023. Second Quarter 2023 Financial Highlights1 Second quarter 2023 net income of $152 million, compared to net income of $39 million in second quarter 2022, an increase of 286% year-over-year Second quarter 2023 Adjusted EBITDA of $176 million, compared to $180 million in the second quarter 2022, a decrease of 2% y.

Crestwood Announces Second Quarter 2023 Financial and Operating Results

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Crestwood's 9.1%-yielding payout is on an increasingly firm financial foundation. Energy Transfer expects to grow its 9.4%-yielding payout by 3% to 5% per year.

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Oil price is still extremely favorable for exploration and production activities. Higher upstream activities will possibly boost demand for pipeline and storage assets, thereby brightening the outlook for the Zacks Oil and Gas – Pipeline MLP industry.

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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 June 30, 2023, which is unchanged quarter-over-quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on Augu.

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

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that its 2022 Schedule K-3 reflecting items of international tax relevance is now available online. Crestwood unitholders requiring this information may access their Schedule K-3 at www.taxpackagesupport.com/CEQP. Crestwood preferred unitholders may access the Schedule K-3 at www.taxpackagesupport.com/CEQP_preferred. Additionally, the 2022 Schedule K-3 for Oasis Midstream Partners LP (“Oasis Midstr.

Crestwood and Oasis Midstream 2022 Schedule K-3 Now Available

Crestwood Equity Partners pays a 9.9%-yielding distribution backed by solid and improving financials. MPLX yields 9% supported by a very strong financial foundation.

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Energy Transfer plans to grow its high-yielding payout by 3% to 5% annually. Crestwood Equity Partners is working to put its high-yield payout on an even more sustainable foundation.

3 Ultra-High-Yield Dividend Stocks to Buy for Boatloads of Passive Income

The Crestwood Equity Partners LP preferred shares yield 9.24% and have stronger investor protections than most preferreds. Adjusted EBITDA rose 11%, and net income surged 87% in Q1 2023. Management expects even higher Free Cash Flow in the 2nd half of 2023, which will be allocated to further debt paydown and leverage reduction.

Crestwood Equity Partners Preferreds: 9% Yield, Strong Investor Protection

Crestwood Equity Partners is a well-run midstream firm with stable and predictable cash flows, focusing on natural gas and crude oil gathering capabilities. The company issued a strong guidance for FY 2023, with adjusted EBITDA growth of up to 13% and distributable cash flow growth of up to 9%. Crestwood Equity Partners offers an attractive risk profile and compelling valuation based on EBITDA.

Crestwood Equity Partners: 10.2% Yield, 1.7x DCF Coverage, Low Valuation

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today the publication of its 2022 sustainability report, furthering its commitment to lead the MLP midstream industry in sustainability. The report titled "Responsible Growth. Authentic Advancement." highlights the year-to-year progress Crestwood has achieved in its environmental, social, and governance (ESG) commitments and illustrates how the company has worked to balance responsible business growth an.

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