Crestwood Equity Partners Announces Quarterly Distribution and Conference Call Schedule

  Crestwood Equity Partners Announces Quarterly Distribution and Conference
  Call Schedule

Earnings Release and Conference Call Scheduled for August 6, 2014

Business Wire

HOUSTON -- July 24, 2014

The Board of Directors of Crestwood Equity GP LLC, general partner of
Crestwood Equity Partners LP (NYSE:CEQP) (“Crestwood Equity”) announced that
it has declared the partnership’s quarterly cash distribution of $0.1375 per
limited partner unit ($0.55 annually) for the quarter ended June 30, 2014. The
distribution will be paid on August 14, 2014, to unitholders of record as of
August 7, 2014.

Earnings Conference Call

Crestwood Equity and Crestwood Midstream Partners LP (NYSE:CMLP) each plan to
report financial results for the second quarter 2014 on Wednesday, August 6,
2014, before the New York Stock Exchange opens for trading. Following the
announcement, management will host a joint conference call for investors and
analysts at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) that day to
discuss the operating and financial results. The call will be broadcast live
over the internet. Investors may participate either by phone or audio webcast.

              Dial 719-457-2689 at least 10 minutes before the call and ask
By Phone:     for the Crestwood Earnings Call. A replay will be available
              for seven days by dialing 888-203-1112 and using the access
              code 7830581#.
              Connect to the webcast via the “Presentations” page of
By Webcast:   Crestwood’s Investor Relations website at
              Please log in at least 10 minutes in advance to register and   
             download any necessary software. A replay will be available
              shortly after the call for 90 days.

About Crestwood Equity Partners LP

Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master
limited partnership that owns the general partner interest, including the
incentive distribution rights and an approximate 4% limited partner interest
of Crestwood Midstream. In addition, Crestwood Equity’s operations include a
natural gas storage business in Texas and an NGL supply and logistics business
that serves customers in the United States and Canada.

About Crestwood Midstream Partners LP

Houston, Texas, based Crestwood Midstream (NYSE: CMLP) is a master limited
partnership that owns and operates midstream businesses in multiple
unconventional shale resource plays across the United States. Crestwood
Midstream is engaged in the gathering, processing, treating, compression,
storage and transportation of natural gas; storage, transportation and
terminalling of NGLs; and gathering, storage, terminalling and marketing of
crude oil.

Forward-Looking Statements

This press release may include certain statements concerning expectations for
the future that are forward-looking statements as defined by federal law. Such
forward-looking statements are subject to a variety of known and unknown
risks, uncertainties, and other factors that are difficult to predict and many
of which are beyond management’s control. These risks and assumptions are
described in Crestwood Equity’s annual reports on Form 10-K and other reports
that are available from the United States Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on forward-looking
statements, which reflect management’s view only as of the date made. We
undertake no obligation to update any forward-looking statement, except as
otherwise required by law.

Tax Notice to Foreign Investors

This release serves as qualified notice to nominees under Treasury Regulation
Sections 1.1446-4(b)(4) and (d). Please note that 100% of Crestwood Equity’s
distributions to foreign investors are attributable to income that is
effectively connected with a United States trade or business. Accordingly, all
of Crestwood Equity’s distributions to foreign investors are subject to
federal income tax withholding at the highest effective tax rate for
individuals or corporations, as applicable. Nominees, and not Crestwood
Equity, are treated as the withholding agents responsible for withholding on
the distributions received by them on behalf of foreign investors.


Crestwood Equity Partners LP
Investor Contact
Mark Stockard, 832-519-2207
Vice President, Investor Relations
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