| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
105 |
| Employees |
500 |
| Revenues (TTM) (Millions $) |
4,827 |
| Net Income (TTM) (Millions $) |
260 |
| Cash Flow (TTM) (Millions $) |
11 |
| Capital Exp. (TTM) (Millions $) |
393 |
Business Description
Crestwood Equity Partners LP is a midstream energy company that operates in the United States. It engages in the storage, transportation, and processing of crude oil, natural gas, and natural gas liquids. The company has a diverse portfolio of assets, including gathering and processing facilities, pipelines, and storage facilities.
The company was founded in 2001 as Quicksilver Gas Services LP and was renamed Crestwood in 2013. Crestwood Equity Partners LP is headquartered in Houston, Texas, and operates in the Marcellus, Bakken, Permian, and Eagle Ford shale plays.
Crestwood's operations are divided into three segments: gathering and processing, storage and transportation, and marketing, supply, and logistics. The gathering and processing segment comprises services like natural gas and crude oil gathering, compression, dehydration, and processing. The storage and transportation segment mainly deals with natural gas and crude oil storage and transportation, primarily through pipelines.
The marketing, supply, and logistics segment includes crude oil and natural gas marketing, logistics, and supply operations. This segment also includes the management of natural gas pipeline systems and storage facilities.
Crestwood's assets include around 4,000 miles of natural gas pipelines, 500 miles of crude oil pipelines, and natural gas and crude oil storage facilities that have a combined capacity of more than 100 million barrels. Additionally, the company operates gas processing plants with a capacity of1 billion cubic feet per day and has midstream operations in two shale plays.
The company has a strong focus on ESG (Environmental, Social, and Governance) practices and aims to reduce carbon emissions and promote sustainability in its operations. Crestwood has implemented several measures to achieve this, including investing in renewable natural gas, adopting new technologies to reduce emissions, and participating in voluntary reporting programs.
Crestwood Equity Partners LP is traded on the New York Stock Exchange (NYSE) under the ticker symbol "CEQP." The company has a market capitalization of around $1 billion, and as of 2021, it employs over 1,300 people.
Company Address: 811 Main Street Houston 77002 TX
Company Phone Number: 519-2200 Stock Exchange / Ticker: NYSE CEQP
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4.44% 