Crestwood Equity Partners LP (CEQP)
| Market Cap | 2.97B |
| Revenue (ttm) | 4.83B |
| Net Income (ttm) | 136.30M |
| Shares Out | 105.10M |
| EPS (ttm) | 1.28 |
| PE Ratio | 22.08 |
| Forward PE | 17.41 |
| Dividend | $1.96 (6.95%) |
| Ex-Dividend Date | Oct 20, 2023 |
| Volume | 4,181,025 |
| Open | 27.45 |
| Previous Close | 27.08 |
| Day's Range | 27.44 - 28.29 |
| 52-Week Range | 22.11 - 29.95 |
| Beta | 2.41 |
| Analysts | Hold |
| Price Target | 28.67 (+1.45%) |
| Earnings Date | Nov 2, 2023 |
About CEQP
Crestwood Equity Partners LP develops, acquires, owns, controls, and operates assets and operations in the energy midstream sector in the United States. The company operates through three segments: Gathering and Processing North; Gathering and Processing South; and Storage and Logistics. The Gathering and Processing North segment offers natural gas, crude oil, and produced water gathering, compression, treating, processing, and disposal services to producers in the Williston Basin and Powder River Basin. This segment owns and operates natural g... [Read more]
Financial Performance
In 2022, CEQP's revenue was $6.00 billion, an increase of 31.34% compared to the previous year's $4.57 billion. Losses were -$28.80 million, -79.22% less than in 2021.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for CEQP stock is "Hold." The 12-month stock price forecast is $28.67, which is an increase of 1.45% from the latest price.
News
Crestwood Advisors Recognized on Annual Forbes/Shook Top RIA List for Third Consecutive Year
Boston-based advisory firm celebrates notable rise in prestigious national ranking Boston-based advisory firm celebrates notable rise in prestigious national ranking
Crestwood Advisors Secures Coveted Spot on Barron's 2024 Top 100 RIA Firms List
Fast-growing New England advisory moves up to No. 81 in prestigious national ranking, highlighting continued excellence in financial advisory services Fast-growing New England advisory moves up to No....
COUNSLR EXPANDS INTO IOWA, PARTNERING WITH CRESTWOOD HIGH SCHOOL TO INCREASE ACCESS TO MENTAL HEALTH SUPPORT SERVICES
Students to Have Unlimited Access to Text-based Mental Health App, Mitigating Heightened Academic and Social Stresses Students to Have Unlimited Access to Text-based Mental Health App, Mitigating Heig...
Energy Transfer: A Look At The Undervalued Crestwood Preferred Shares
Energy Transfer LP's preferred shares, previously issued by Crestwood Equity Partners, have undergone changes as part of the merger. The changes include eliminating penalties for missed distributions ...
Energy Transfer and Crestwood Announce Preliminary Election Results of Crestwood Preferred Unitholders
DALLAS & HOUSTON--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) (“Energy Transfer”) and Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today the preliminary results of the election...
Crestwood Unitholders Approve Energy Transfer Transaction
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced that, at its special meeting of unitholders (the “Special Meeting”), Crestwood unitholders approved th...
Crestwood Announces Receipt of Requisite Consents With Respect to its Previously Announced Consent Solicitation
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced the receipt of consents from holders of record of its outstanding 9.250% Perpetual Preferred Units (th...
Leading Independent Proxy Advisory Firm Glass Lewis Recommends Crestwood Unitholders Vote “FOR” the Transaction with Energy Transfer
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced that leading independent proxy advisory firm Glass Lewis & Co. (“Glass Lewis”) recommends that unithol...
Energy Transfer and Crestwood Announce Election Deadline for Crestwood Preferred Unitholders to Elect Form of Merger Consideration
DALLAS & HOUSTON--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) (“Energy Transfer”) and Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that, in connection with Energy Transfe...
Crestwood Announces Extension of its Previously Announced Consent Solicitation
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced the extension of its previously announced solicitation of consents (the “Consent Solicitation”) from h...
Leading Independent Proxy Advisory Firm ISS Recommends Crestwood Unitholders Vote “FOR” the Transaction with Energy Transfer
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced that leading independent proxy advisory firm Institutional Shareholder Services (“ISS”) recommends tha...
Crestwood Announces Quarterly and Special Distributions
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the board of directors of its general partner (the “Board”) declared a quarterly cash distributio...
CRESTWOOD EQUITY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Crestwood Equity Partners LP - CEQP
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Crestwood Equity...
Crestwood Preferreds Consent Compensation Provides More Than Fair Value
Crestwood is seeking consent to remove certain features from the preferreds. The feature with the most value is a penalty rate for suspended preferred dividends but the scenario where this feature has...
Crestwood Announces Filing of Definitive Proxy Statement in Connection with Pending Energy Transfer Transaction
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced the filing of a definitive proxy statement with the U.S. Securities and Exchange Commission (the “SEC”...
Crestwood Preferreds: Consent Terms Are Reasonable
Energy Transfer LP is offering consent solicitation to Crestwood Equity Partners LP preferred unit holders as part of its acquisition. The requested changes to the preferred units are relatively minor...
Crestwood Announces Commencement of Consent Solicitation
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced the commencement of a solicitation of consents (the “Consent Solicitation”) from holders of its outsta...
Energy Transfer and Crestwood Announce Expiration of Hart-Scott-Rodino Act Waiting Period
DALLAS & HOUSTON--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) (“Energy Transfer”) and Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today the expiration of the waiting period un...
Midstream Income For Life
The article discusses the simplicity and carefree nature of a one-year-old's life compared to the complexities of adulthood. The rising costs of life, particularly in the energy sector, are highlighte...
Passive Income: Defensive 8-10% Yields With Strong Growth Potential
Passive income is arguably the best way to invest, both for retirees and younger investors who are looking to compound wealth for the long-term. Fortunately, there are a plethora of sustainable high y...
Is Energy Transfer stock a buy after the Crestwood buyout?
Energy Transfer (NYSE: ET) stock price has been a shining star in the energy market for years. The shares have consistently outperformed popular energy stocks like ExxonMobil, Chevron, and Shell.
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Crestwood Equity Partners LP
NEW YORK , Aug. 16, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Crestwood Equity Partners LP (NYSE: CEQP) and its board of directors concerning the pro...
Energy Transfer to buy Crestwood in $7.1 billion deal
Pipeline operator Energy Transfer said on Wednesday it will buy Crestwood Equity Partners in a deal valued at about $7.1 billion, including $3.3 billion in debt.
Energy Transfer buying Crestwood Equity Partners in unit-for-unit deal
Energy Transfer LP ET said Wednesday it would pay 2.07 common units for each unit of Crestwood Equity Partners LP CEQP in an all-equity deal valued at $7.1 billion, including the assumption of $3.3 bi...
Energy Transfer to Acquire Crestwood in a $7.1 Billion All-Equity Transaction
DALLAS & HOUSTON--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) (“Energy Transfer”) and Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the parties have entered into a de...