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Last $2.78 USD
Change Today -0.12 / -4.14%
Volume 651.9K
CEQP On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

crestwood equity partners lp (CEQP) Snapshot

Open
$2.82
Previous Close
$2.90
Day High
$2.90
Day Low
$2.78
52 Week High
09/2/14 - $12.92
52 Week Low
08/25/15 - $2.55
Market Cap
520.6M
Average Volume 10 Days
671.7K
EPS TTM
$1.87
Shares Outstanding
187.3M
EX-Date
08/5/15
P/E TM
1.5x
Dividend
$0.55
Dividend Yield
19.78%
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 Partners LP Reports Unaudited Consolidated Financial and Operating Results for the Second Quarter and Half Year Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2015

Crestwood Equity Partners LP reported unaudited consolidated financial and operating results for the second quarter and half year ended June 30, 2015. For the quarter, revenues were $641.5 million against $926.3 million a year ago. Operating loss was $248.9 million operating income was against $29.4 million a year ago. Loss before income taxes was $296.3 million against $4.6 million a year ago. Net loss attributable to the company was $40.0 million or $0.21 per basic and diluted share against $4.4 million or $0.02 per basic and diluted share a year ago. LBITDA was $169.0 million against EBITDA was $99.2 million a year ago. Adjusted EBITDA was $133.1 million against $117.7 million a year ago. Maintenance capital expenditures were $3.9 million against $5.5 million a year ago. Net cash provided by operating activities was $54.5 million against $45.3 million a year ago. For the six months, revenues were $1,373.0 million against $1,897.9 million a year ago. Operating loss was $200.4 million against operating income was $75.1 million a year ago. Loss before income taxes was $277.8 million against income before income taxes was $9.4 million a year ago. Net loss attributable to the company was $31.7 million or $0.17 per basic and diluted share against net income attributable to the company was $15.2 million or $0.08 per basic and diluted share a year ago. LBITDA was $42.7 million against EBITDA was $211.2 million a year ago. Adjusted EBITDA was $275.0 million against $234.3 million a year ago. Maintenance capital expenditures were $9.3 million against $11.9 million a year ago. Net cash provided by operating activities was $211.1 million against $127.2 million a year ago. For the quarter, total gathering volumes was 1,155.4 MMcf/d against 1,213.2 MMcf/d a year ago. Processing volumes was 215.8 MMcf/d against 190.9 MMcf/d a year ago. Compression volumes was 629.3 MMcf/d against 470.5 MMcf/d a year ago. For the half year, total gathering volumes was 1,191.3 MMcf/d against 1,171.5 MMcf/d a year ago. Processing volumes was 167.1 MMcf/d against 190.1 MMcf/d a year ago. Compression volumes was 660.4 MMcf/d against 459.3 MMcf/d a year ago. For the year 2015, the company expects Combined cost savings efforts year-to-date, recent internal reorganization and simplification merger positions the post-merger Crestwood to deliver on its 2015 consolidated guidance range of Adjusted EBITDA of $540 million to $575 million; Expected pro forma post-merger distribution coverage ratio of 1.05x for 2015. Distributable Cash Flow totaled $15.8 million in the second quarter 2015, a 18% increase compared to $13.4 million in the second quarter 2014.

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 Midstream Partners LP to Report Q2, 2015 Results on Aug 05, 2015

Crestwood Midstream Partners LP announced that they will report Q2, 2015 results at 9:00 AM, US Eastern Standard Time on Aug 05, 2015

 

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American Midstream Partners LP $13.54 USD -0.77
Blueknight Energy Partners LP $6.14 USD -0.06
Crestwood Midstream Partners LP $7.50 USD -0.31
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Southcross Energy Partners LP $7.17 USD -0.33
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Industry Analysis

CEQP

Industry Average

Valuation CEQP Industry Range
Price/Earnings 57.0x
Price/Sales 0.2x
Price/Book 0.8x
Price/Cash Flow 1.8x
TEV/Sales NM Not Meaningful
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