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
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 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 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...
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.
CEQP STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of Crestwood Equity Partners LP Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Crestwood Equity Partners LP (NYSE: CEQP) to Energy Transfer LP for 2.07 Energy Transfer ...
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...
Crestwood Announces Second Quarter 2023 Financial and Operating Results
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood” or “Company”) reported today its financial and operating results for the three months ended June 30, 2023. Second Quart...
Crestwood Announces Quarterly Distribution and Schedules Second Quarter 2023 Earnings Release Date
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.655 pe...
Crestwood and Oasis Midstream 2022 Schedule K-3 Now Available
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that its 2022 Schedule K-3 reflecting items of international tax relevance is now available online. Cr...
Crestwood Publishes 2022 Sustainability Report Highlighting Authentic ESG Advancements
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today the publication of its 2022 sustainability report, furthering its commitment to lead the MLP midstream...
Crestwood Announces First Quarter 2023 Financial and Operating Results
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) reported today its financial and operating results for the three months ended March 31, 2023. First Quarter 2023 Finan...
Crestwood Announces Executive Team Changes
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood” or the “Company”) announced today that Steven Dougherty, Executive Vice President and Chief Accounting Officer, will be...
Crestwood Announces Quarterly Distribution and Schedules First Quarter 2023 Earnings Release Date
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.655 pe...