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Last €10.15 EUR
Change Today +0.298 / 3.03%
Volume 0.0
As of 3:04 AM 07/8/15 All times are local (Market data is delayed by at least 15 minutes).

crestwood midstream partners (8IY) Snapshot

Open
€10.15
Previous Close
€9.85
Day High
€10.15
Day Low
€10.15
52 Week High
09/4/14 - €17.76
52 Week Low
07/7/15 - €9.85
Market Cap
1.9B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
188.3M
EX-Date
05/6/15
P/E TM
--
Dividend
€1.60
Dividend Yield
13.36%
Current Stock Chart for CRESTWOOD MIDSTREAM PARTNERS (8IY)

crestwood midstream partners (8IY) Related Businessweek News

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crestwood midstream partners (8IY) Details

Crestwood Midstream Partners LP provides gathering, processing, storage, and transportation solutions to customers in the crude oil, natural gas liquids (NGL), and natural gas sectors of the energy industry in the United States. The company operates through three segments: Gathering and Processing, Storage and Transportation, and NGL and Crude Services. The Gathering and Processing segment provides natural gas gathering, processing, treating, compression, transportation, sale, and delivery services of NGLs to producers in unconventional shale plays and tight-gas plays in West Virginia, Wyoming, Texas, Arkansas, New Mexico, and Louisiana. This segment owns and controls natural gas facilities with approximately 2.5 billion cubic feet of natural gas/per day (Bcf/d) of gathering capacity; 481 million cubic feet of natural gas/per day of processing capacity; 1.1 Bcf/d of firm transmission capacity; and 41 Bcf of certified working gas storage capacity. The Storage and Transportation segment offers regulated natural gas storage and transportation services to producers, utilities, marketers, and other customers. It primarily includes natural gas storage and natural gas transmission facilities in New York and Pennsylvania. This segment’s facilities provide 41 Bcf of storage capacity and approximately 1.0 Bcf/d of transportation capacity. The NGL and Crude Services segment provides NGLs and crude oil gathering, storage, marketing, and transportation services to customers in or near unconventional shale plays in North Dakota and New York. It operates crude oil gathering systems and rail terminals, as well as NGL storage facilities; and offers integrated supply and logistics solutions. This segment owns natural gas liquids facilities with approximately 1.7 million barrels of storage capacity. Crestwood Midstream Partners LP is headquartered in Houston, Texas.

130 Employees
Last Reported Date: 03/2/15

crestwood midstream partners (8IY) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

crestwood midstream partners (8IY) Key Developments

Crestwood Midstream Partners LP Presents at Credit Suisse 2015 MLP and Energy Logistics Conference, Jun-23-2015 11:45 AM

Crestwood Midstream Partners LP Presents at Credit Suisse 2015 MLP and Energy Logistics Conference, Jun-23-2015 11:45 AM. Venue: Credit Suisse Offices, One Madison Avenue, 12th Floor, New York, New York, United States. Speakers: Robert Thornbury Halpin, Chief Financial Officer of Crestwood Midstream GP LLC and Senior Vice President of Crestwood Midstream GP LLC, Vincent Grisell, VP, Capital Markets & Risk.

Crestwood Equity Partners LP and Crestwood Midstream Partners LP Announces Executive Promotions and Organizational Changes

Crestwood Equity Partners LP and Crestwood Midstream Partners LP (collectively Crestwood) announced several promotions within Crestwood’s senior management team, effective immediately. Additionally, Crestwood announced a new internal organizational structure forming a Pipeline Services Group and Supply and Logistics Group. The Pipeline Services Group will consist of all Crestwood’s natural gas, crude oil and water gathering systems, pipelines and compression, processing plants and natural gas storage facilities in the US. The Supply and Logistics Group will include all natural gas liquids (NGL) and crude oil marketing, terminals and fractionation facilities, crude oil and NGL transportation fleet assets, NGL storage and US Salt. Crestwood anticipates that it will continue to report financial and operating data in its existing three segment structure of Gathering and Processing, Storage and Transportation, and Crude and NGL Services. Heath Deneke, formerly President of the Natural Gas Business Unit, has been promoted to Chief Operating Officer and Head of the Pipeline Services Group. In his new role, Mr. Deneke will be responsible for the commercial development and operations of Crestwood’s infrastructure assets serving the Marcellus, Bakken, PRB Niobrara, Delaware Permian, Barnett, Granite Wash, Fayetteville and Haynesville shale plays. Additionally, he will guide Crestwood’s technical services, environmental, safety, regulatory compliance and supply chain teams. Mr. Deneke’s previous experience includes a 17 year career at El Paso Corporation in a series of increasing executive roles including commercial and business development, project management and engineering, marketing and asset optimization. Brian Freed, formerly Vice President of Crude Logistics, has been promoted to Senior Vice President of Western US Commercial Operations. Mr. Freed has been with the Crestwood organization since December 2012. In his new role, Mr. Freed will have commercial responsibilities for all Crestwood’s crude, natural gas, and water assets in the Western US Region including the Bakken, PRB Niobrara, and Delaware Permian shale plays. Mr. Freed brings 22 years of experience which includes senior leadership positions across multiple energy organizations, most recently with Rangeland Energy where he served as Vice President of Business Development and prior to that he founded and served as President and CEO of Entessa/Energy Solutions International before the successful sale of the company. Mark Mitchell, formerly Senior Vice President of Natural Gas Business Unit, has been promoted to Senior Vice President of Eastern US Commercial Operations. Mr. Mitchell has been with the Crestwood organization since October 2013 with commercial responsibilities for Crestwood’s natural gas storage and transportation assets. In his new role, Mr. Mitchell will have commercial responsibilities for Crestwood’s natural gas gathering, compression, and natural gas storage and transportation assets in the Eastern US Region and the Tres Palacios gas storage joint venture. Mr. Mitchell brings 23 years of experience which includes various natural gas marketing and trading roles at Epoch Energy, El Paso Energy, Natural Gas Clearinghouse, and Coastal Corporation. Bill Gautreaux, formerly President of the Liquids & Crude Business Unit, has been promoted to Chief Marketing Officer and Head of the Supply and Logistics Group. Mr. Gautreaux has been with Crestwood and its predecessor companies since March 1999 and was a founding partner of Inergy LP. In his new role, Mr. Gautreaux will be responsible for consolidating Crestwood’s NGL and Crude marketing activities and leading its growth strategies around the Crestwood platform including the Marcellus Utica NGL supply region; Northeast US NGL market region; West Coast NGL assets; NGL and Crude trucking and transportation assets; and Crestwood’s crude marketing focus in the Bakken, PRB Niobrara and Delaware Permian regions. Kevin Hall joined the Crestwood organization in April 2015 as the Vice President of Transportation. Mr. Hall brings over 28 years of experience serving most recently as Senior Vice President, Supply Chain & Continuous Improvement for Hostess Brands LLC. In his new role, Mr. Hall will be responsible for Crestwood’s fleet of NGL and crude oil trucking units and rail cars.

Crestwood Midstream Partners LP Announces Unaudited Consolidated and Operating Earnings Results for the First Quarter Ended March 31, 2015; Provides CapEx Guidance for 2015

Crestwood Midstream Partners LP announced unaudited consolidated and operating earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $455.1 million compared to $537.0 million a year ago. Operating income was $48.5 million compared to $34.4 million a year ago. Income before income taxes was $22.0 million compared to $6.2 million a year ago. Net income attributable to the company was $16.1 million compared to $2.4 million a year ago. EBITDA was $111.8 million compared to $85.1 million a year ago. Adjusted EBITDA was $124.7 million compared to $98.9 million a year ago. Maintenance capital expenditures were $2.7 million compared to $3.3 million a year ago. Net cash provided by operating activities was $77.0 million compared to $67.7 million for the same period a year ago. First quarter distributable cash flow totaled $93 million, representing a 34% increase from the prior year quarter. In the first quarter 2015, the company averaged gathering and compression volumes of 653 MMcf/d and 692 MMcf/d, respectively, compared to average gathering and compression volumes of 531 MMcf/d and 448 MMcf/d, respectively, in the first quarter of 2014. Crestwood's northeast pipelines transported and/or stored 1,895 MMcf/d during the first quarter 2015, compared to 1,832 MMcf/d in the first quarter 2014. Crestwood's Northeast natural gas storage facilities are currently 99% subscribed throughout 2015 with approximately 5.2 Bcf, or approximately 15% of total capacity, up for renewal in 2016. The company expects 2015 CapEx in and around the $125 million.

 

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Price/Sales 2.0x
Price/Book 1.4x
Price/Cash Flow 6.8x
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