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Last $3.71 USD
Change Today +0.23 / 6.61%
Volume 496.4K
CEQP On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

crestwood equity partners lp (CEQP) Snapshot

Open
$3.48
Previous Close
$3.48
Day High
$3.71
Day Low
$3.48
52 Week High
07/30/14 - $15.30
52 Week Low
07/27/15 - $3.48
Market Cap
691.6M
Average Volume 10 Days
954.9K
EPS TTM
$0.49
Shares Outstanding
186.4M
EX-Date
08/5/15
P/E TM
7.5x
Dividend
$0.55
Dividend Yield
14.82%
Current Stock Chart for CRESTWOOD EQUITY PARTNERS LP (CEQP)

crestwood equity partners lp (CEQP) Related Businessweek News

No Related Businessweek News Found

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
President of Pipeline Services Group and Chie...
Total Annual Compensation: $865.7K
President of Supply & Logistics Group and Chi...
Total Annual Compensation: $728.6K
Senior Vice President of Crestwood Equity GP ...
Total Annual Compensation: $443.1K
Senior Vice President of Strategy and Corpora...
Total Annual Compensation: $700.0K
Compensation as of Fiscal Year 2014.

crestwood equity partners lp (CEQP) Key Developments

Crestwood Equity Announces Distribution for the Quarter Ended June 30, 2015, Payable on August 14, 2015

The Board of Directors of Crestwood Equity GP LLC 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, 2015. The distribution will be paid on August 14, 2015, to unitholders of record as of August 7, 2015.

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

Crestwood Equity 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 Equity Gp LLC and Senior Vice President of Crestwood Equity 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.

 

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Industry Analysis

CEQP

Industry Average

Valuation CEQP Industry Range
Price/Earnings 14.4x
Price/Sales 0.2x
Price/Book 0.9x
Price/Cash Flow 1.9x
TEV/Sales NM Not Meaningful
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