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Last $5.95 USD
Change Today 0.00 / 0.00%
Volume 280.0K
CEQP On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

crestwood equity partners lp (CEQP) Snapshot

Open
$5.91
Previous Close
$5.95
Day High
$5.99
Day Low
$5.87
52 Week High
07/18/14 - $15.40
52 Week Low
03/16/15 - $5.83
Market Cap
1.1B
Average Volume 10 Days
292.3K
EPS TTM
$0.53
Shares Outstanding
187.3M
EX-Date
02/4/15
P/E TM
11.2x
Dividend
$0.55
Dividend Yield
9.24%
Current Stock Chart for CRESTWOOD EQUITY PARTNERS LP (CEQP)

crestwood equity partners lp (CEQP) Related Businessweek News

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crestwood equity partners lp (CEQP) Details

Crestwood Equity Partners LP provides midstream solutions to customers in the crude oil, natural gas liquids (NGLs), and natural gas sectors of the energy industry in the United States. It operates through three segments: Gathering and Processing; Storage and Transportation; and NGL and Crude Services. The Gathering and Processing segment engages in the gathering, processing, treating, compression, transportation, and sale of natural gas; and the delivery of natural gas liquids to producers in unconventional shale plays and tight-gas plays in West Virginia, Wyoming, Texas, Arkansas, New Mexico, and Louisiana. The Storage and Transportation segment offers natural gas storage and transportation services to producers, utilities, and other customers. This segment owns and operates natural gas storage facilities with approximately 79.3 billion cubic feet of natural gas storage capacity in New York and Pennsylvania. The NGL and Crude Services segment provides NGL and crude oil gathering, storage, marketing, and transportation services to producers, refiners, marketers, and other customers; and produces and sells salt products. Crestwood Equity GP LLC serves as the general partner of Crestwood Equity Partners LP. The company was formerly known as Inergy L.P. and changed its name to Crestwood Equity Partners LP in October 2013. The company is headquartered in Houston, Texas. Crestwood Equity Partners LP is a subsidiary of Crestwood Holdings LLC.

1,374 Employees
Last Reported Date: 03/2/15

crestwood equity partners lp (CEQP) Top Compensated Officers

Chairman of Crestwood Equity GP LLC, Chief Ex...
Total Annual Compensation: $1.3M
Chief Financial Officer of Crestwood Equity G...
Total Annual Compensation: $700.0K
President of Natural Gas Business Unit - Cres...
Total Annual Compensation: $865.7K
President of Liquids and Crude Business Unit ...
Total Annual Compensation: $728.6K
Senior Vice President of Operations Services ...
Total Annual Compensation: $478.5K
Compensation as of Fiscal Year 2014.

crestwood equity partners lp (CEQP) Key Developments

Crestwood Equity Partners LP Plans to Cut an Undisclosed Number of Jobs

Crestwood Equity Partners LP plans to cut an undisclosed number of jobs due to the drop in oil prices. The cuts were part of an effort to save $25 million to $30 million, but Crestwood officials would not specify the number of jobs to be eliminated.

Crestwood Equity Partners LP Announces Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015; Reports Goodwill Impairments for the Fourth Quarter Ended December 31, 2014

Crestwood Equity Partners LP announced unaudited consolidated earnings and operating results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue was $997.2 million against $808.2 million a year ago. Operating loss was $0.2 million against $11.1 million a year ago. Loss before income taxes was $30.7 million against $42.3 million a year ago. Net income attributable to the company was $38.4 million or $0.21 diluted per share against $8.3 million or $0.04 diluted per share a year ago. EBITDA was $76.7 million against $51.5 million a year ago. Adjusted EBITDA was $132.7 million against $110.6 million a year ago. Maintenance capital expenditures were $9.4 million against $5.9 million a year ago. Net cash provided by operating activities was $125.8 million against $74.2 million a year ago. For the year, the company reported revenue was $3,931.3 million against $1,426.7 million a year ago. Operating income was $117.9 million against $28.2 million a year ago. Loss before income taxes was $9.3 million against $49.6 million a year ago. Net income attributable to the company was $56.4 million or $0.30 diluted per share against $6.7 million or $0.06 diluted per share a year ago. EBITDA was $403.1 million against $196.2 million a year ago. Adjusted EBITDA was $495.9 million against $297.7 million a year ago. Maintenance capital expenditures were $27.6 million against $13.4 million a year ago. Net cash provided by operating activities was $283 million against $188.3 million a year ago. For the quarter, the company reported total gathering volumes was 1,251.1 MMcf/d against 1,086.2 MMcf/d a year ago. Processing volumes was 186.5 MMcf/d against 198.1 MMcf/d a year ago. Compression volumes were 657.7 MMcf/d against 347.3 MMcf/d a year ago. Arrow midstream crude oil was 65.8 MBbls/d compared with 47.3 MBbls/d a year ago. Natural gas was 42.9 MMcf/d compared witih 13.7 MMcf/d. Water of 19.3 MBbls/d compared with 11.4 MBbls/d a year ago. NGL storage – capacity of 1,500 MBbls compared with 1,500 MBbls a year ago, NGL supply & logistics (gallons sold or processed) was 97.4 MBbls/d compared with 107.2 MBbls/d a year ago, west coast operations (gallons sold or processed) was 40.4 MBbls/d compared with 45.5 MBbls/d a year ago. Trucking operations (gallons sold or processed) was 82.7 MBbls/d compared with 96.7 MBbls/d a year ago. Northeast storage - firm contracted capacity was 34.8 Bcf compared with 34.8 Bcf a year ago, Northeast Transportation - firm contracted capacity was 975 MMcf/d compared with 875.0 MMcf/d a year ago. Gulf Coast Storage - firm contracted capacity was 13.6 Bcf against 14.5 Bcf a year ago. For the year, the company reported total gathering volumes was 1,214.3 MMcf/d against 1,044.8 MMcf/d a year ago. Processing volumes was 189.5 MMcf/d against 210.2 MMcf/d a year ago. Compression volumes were 542.3 MMcf/d against 295.5 MMcf/d a year ago. Arrow midstream crude oil was 57.9 MBbls/d compared with 47.3 MBbls/d a year ago. Natural gas was 33.1 MMcf/d compared with 13.7 MMcf/d. Water of 17.8 MBbls/d compared with 11.4 MBbls/d a year ago. NGL storage – capacity of 1,500 MBbls compared with 1,500 MBbls, NGL supply & logistics (gallons sold or processed) was 80.0 MBbls/d compared with 87.4 MBbls/d a year ago, west coast operations (gallons sold or processed) was 43.3 MBbls/d compared with 48.9 MBbls/d a year ago. Trucking operations (gallons sold or processed) was 79.7 MBbls/d compared with 84.1 MBbls/d a year ago. Northeast storage - firm contracted capacity was 34.8 Bcf compared with 34.8 Bcf a year ago, Northeast Transportation - firm contracted capacity was 940 MMcf/d compared with 875.0 MMcf/d a year ago, and Gulf Coast Storage - firm contracted capacity was 11.2 Bcf compared with 14.5 Bcf a year ago. For the year 2015, the company expects adjusted EBITDA, including CMLP, is estimated to be in the range of $540 million to $575 million. Adjusted EBITDA from operating assets owned directly by Crestwood Equity is estimated to be in the range of $60 million to $65 million in 2015; adjusted distributable cash flow is estimated to be in the range of $80 million to $85 million; and Consistent with CMLP’s announced cost reduction initiative, Crestwood Equity also anticipates significant cost reductions (including workforce reductions) in the first half of 2015, which will position Crestwood to better withstand any sustained downturn in commodity prices. Net income in a range of $56 to $101 million; interest and debt expense, net of $142 million; adjusted EBITDA from unconsolidated affiliates in a range of $25 to $30 million; cash interest expense negative to $135 million; maintenance capital expenditure in a range of $25 to $28 million. The company's goodwill impairment was $48.8 million for the fourth quarter ended December 31, 2014.

Crestwood Equity Partners LP to Report Q4, 2014 Results on Feb 24, 2015

Crestwood Equity Partners LP announced that they will report Q4, 2014 results at 9:00 AM, Central Standard Time on Feb 24, 2015

 

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