November 21, 2017 11:13 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Crestwood Equity Partners LP

Company Overview

Crestwood Equity Partners LP provides infrastructure solutions to liquids-rich natural gas and crude oil shale plays in the United States. The company’s Gathering and Processing Operations segment provides gathering and transportation services for natural gas, crude oil, and produced water; and processing, treating, and compression services for natural gas to producers in unconventional shale plays and tight-gas plays. Its Storage and Transportation Operations segment offers crude oil and natural gas storage and transportation services to producers, utilities, and other customers. The company’s Marketing, Supply and Logistics Operations segment provides NGL and crude oil storage, and marketi...

700 Louisiana Street

Suite 2550

Houston, TX 77002

United States

Founded in 2001

1,219 Employees

Phone:

832-519-2200

Fax:

832-519-2250

Key Executives for Crestwood Equity Partners LP

Chairman, President & CEO of Crestwood Equity GP LLC
Age: 62
Total Annual Compensation: $655.0K
Senior VP & CFO of Crestwood Equity GP LLC
Age: 33
Total Annual Compensation: $515.0K
President & COO of Pipeline Services Group - Crestwood Equity GP LLC
Age: 43
Total Annual Compensation: $575.0K
President & CMO of Supply & Logistics Group - Crestwood Equity GP LLC
Age: 54
Total Annual Compensation: $451.3K
Senior VP, General Counsel & Corporate Secretary of Crestwood Equity GP LLC
Age: 48
Total Annual Compensation: $705.0K
Compensation as of Fiscal Year 2016.

Crestwood Equity Partners LP Key Developments

Crestwood Provides CapEx Guidance for the Full Year 2017

Crestwood provided CapEx guidance for the full year 2017. For the year, the company expects $20 million to $25 million of annual maintenance CapEx.

Crestwood Equity Partners LP Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017

Crestwood Equity Partners LP announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported total revenues of $955.6 million against $587.6 million a year ago. Operating loss was $15.3 million against operating income of $17.1 million a year ago. Loss before income taxes was $27.8 million against income before income taxes of $3.2 million a year ago. Net loss attributable to the company was $34.3 million against $3.1 million a year ago. Basic and diluted loss per share was $0.72 against $0.14 a year ago. EBITDA was $44.5 million against $81.0 million a year ago. Adjusted EBITDA was $96.3 million against $103.5 million a year ago. Net cash provided by operating activities was $95.3 million against $51.5 million a year ago. For the nine months, the company reported total revenues of $2,634.0 million against $1,725.5 million a year ago. Operating income was $35.9 million against operating loss of $66.2 million a year ago. Loss before income taxes was $47.0 million against $127.6 million a year ago. Net loss attributable to the company was $65.8 million against $145.8 million a year ago. Basic and diluted loss per share was $1.63 against $2.35 a year ago. EBITDA was $210.7 million against $137.3 million a year ago. Adjusted EBITDA was $284.5 million against $330 million a year ago. Net cash provided by operating activities was $228.2 million against $244.5 million a year ago.

Crestwood Equity Partners LP Presents at 2017 RBC Capital Markets' Midstream Conference, Nov-15-2017

Crestwood Equity Partners LP Presents at 2017 RBC Capital Markets' Midstream Conference, Nov-15-2017 . Venue: Dallas, Texas, United States.

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