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Crestwood Equity Partners Lp  (CEQP)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $28.2600 $1.18 4.357%
Day's High: $28.29 Week Perf: 3.52 %
Day's Low: $ 27.44 30 Day Perf: 0.93 %
Volume (M): 4,390 52 Wk High: $ 29.78
Volume (M$): $ 124,050 52 Wk Avg: $26.63
Open: $27.45 52 Wk Low: $22.11



 Market Capitalization (Millions $) 2,973
 Shares Outstanding (Millions) 105
 Employees 1,300
 Revenues (TTM) (Millions $) 4,827
 Net Income (TTM) (Millions $) 260
 Cash Flow (TTM) (Millions $) 11
 Capital Exp. (TTM) (Millions $) 393

Crestwood Equity Partners Lp
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
   


   

Stock Performances by Major Competitors

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Crestwood Equity Partners Lp

Crestwood Equity Partners LP: Third Quarter Earnings Report Reveals Troubling Dive in Top-line Performance

Crestwood Equity Partners LP (NYSE: CEQP) has experienced a decline in business, leading to an increase in losses for the third quarter of the 2023 earnings season. The company's loss per share has risen from $-0.64 to $-0.33, while revenue has fallen by an alarming -27.241% to $1.14 billion from $1.57 billion in the previous year. This substantial drop in revenue indicates a troubling trend for the company.
In contrast to the previous quarter, where revenue had advanced by 11.575% from $1.02 billion, the current quarter's results paint a gloomy picture. Additionally, earnings per share have dropped from $1.20 per share, indicating significant deterioration in the financial performance of Crestwood Equity Partners LP. This decline is a cause for concern as it suggests a lack of profitability and potential financial instability within the company.

Stock Transactions

Crestwood Equity Partners LP Receives Approvals for Proposed Amendment, Bolstering Investor Confidence and Stock Performance

Published Tue, Oct 24 2023 8:59 PM UTC



HOUSTON - Crestwood Equity Partners LP (NYSE: CEQP) is thrilled to announce the overwhelming support from its Preferred Holders, who have provided the necessary consents for the proposed amendment to Crestwood's Sixth Amended and Restated Agreement of Limited Partnership. This landmark decision reflects the strong backing from shareholders and highlights the compan...

Stock Transactions

Crestwood Equity Partners LP Empowers Investors with Consent Solicitation Extension and Sustains Positive Market Performance

Published Fri, Oct 20 2023 11:00 PM UTC



Crestwood Equity Partners LP has announced the extension of its Consent Solicitation, seeking approval from holders of its outstanding 9.250% Perpetual Preferred Units to amend Crestwood's Sixth Amended and Restated agreement. This extension comes amid positive stock performance and steady dividends, reinforcing Crestwood's strong position in the market.

C...

Dividend

Crestwood Equity Partners LP Declares Steady Dividends and Continues to Show Positive Stock Performance

Published Thu, Oct 12 2023 9:09 PM UTC

Crestwood Equity Partners LP (NYSE: CEQP) recently announced its quarterly and special distributions for the quarter ended September 30, 2023, as declared by the board of directors of its general partner. The company will pay a quarterly cash distribution of $0.655 per common unit ($2.620 annually), which remains unchanged from the previous quarter. Additionally, a quarterly...

Crestwood Equity Partners Lp

CEQP's EPS Skyrockets by 757.14% in the Fiscal Span Culminating June 30, 2023; Demonstrating Striking Improvement Amid Subdued Revenue

The stock market can often be a rollercoaster ride for investors, with ups and downs that can leave even the most experienced traders feeling uncertain. However, amidst the turbulence, there are sometimes shining examples of companies that not only weather the storm but thrive in the face of adversity. Crestwood Equity Partners Lp is one such company, demonstrating impressive income improvement and a strong financial performance in the most recent fiscal period.
In the face of a challenging market, Crestwood Equity Partners Lp managed to achieve an incredible income improvement of 757.14%, reaching $1.20 per share. This remarkable achievement is even more noteworthy considering the decline in revenue of -29.475% to $1.02 billion. Despite this decrease, Crestwood Equity Partners Lp has shown its resilience and ability to make the most of its resources.






 

Crestwood Equity Partners Lp's Segments
 
 
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