Crestwood Equity Partners LP (CEQP) News
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CEQP News Highlights
- CEQP's 30 day story count now stands at 8.
- Over the past 23 days, the trend for CEQP's stories per day has been choppy and unclear. It has oscillated between 1 and 3.
Latest CEQP News From Around the Web
Below are the latest news stories about Crestwood Equity Partners LP that investors may wish to consider to help them evaluate CEQP as an investment opportunity.
Lower gathering, processing and compression volumes affect Crestwood Equity Partners' (CEQP) first-quarter earnings.
Photo by svetikd/E+ via Getty Images Co-produced with Treading Softly Ever find that you have excess cash lying around that's doing nothing for you? We all have to have an "emergency fund," but outside of that, idle cash is largely the result of missed opportunities. I have previously mentioned a...
Crestwood Equity (CEQP): Q1 GAAP EPS of -$0.86 misses by $1.14.Revenue of $1.03B (+41.5% Y/Y) misses by $200M.Adjusted EBITDA of $165.4M, +9% Y/Y and distributable cash flow of $108.4M, up 15%.FY2021 guidance: Adjusted EBITDA in a range of $575M-625M, distributable cash flow of $335M-385M, and free cash flow after distributions of...
Crestwood Equity (NYSE:CEQP) is scheduled to announce Q1 earnings results on Tuesday, April 27th, before market open.The consensus EPS Estimate is $0.39 (+159.1% Y/Y) and the consensus Revenue Estimate is $1.23B (+69.0% Y/Y).Over the last 1 year, CEQP has beaten EPS estimates 50% of the time and has beaten revenue...
Raymond James Stick to Their Buy Rating for Crestwood Equity
Photo by AndreyPopov/iStock via Getty Images Co-produced with Treading Softly Half of the battle of investing and portfolio planning is knowing where to put your hard-earned money to work. As my frequent readers know, I demand that those investments I make will work just as hard as I do to...
Energy stocks have been on fire this year, fueled by higher oil prices. Three that stand out as compelling options for value investors these days are Crestwood Equity Partners (NYSE: CEQP), Enbridge (NYSE: ENB), and Kinder Morgan (NYSE: KMI). Master limited partnership (MLP) Crestwood Equity Partners weathered last year's volatile oil market quite well.
Crestwood Equity Partners LP -- Moody's affirms Crestwood Equity Partners' Ba3 CFR; outlook changed to stable
Rating Action: Moody's affirms Crestwood Equity Partners' Ba3 CFR; outlook changed to stableGlobal Credit Research - 29 Mar 2021New York, March 29, 2021 -- Moody's Investors Service, ("Moody's") changed Crestwood Equity Partners LP's (Crestwood) and Crestwood Midstream Partners LP's (Midstream) outlooks to stable from negative. At the same time, Moody's affirmed Crestwood's Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating (PDR) and the B2 rating on its Class A Preferred Units. Moody's also affirmed Midstream's B1 senior unsecured notes rating.The actions follow the company's announcement  that it will purchase approximately 11.5 million of its common units and the general partner interest from Crestwood Holdings (Holdings, Caa1 negative) for $268 million in c...
Improving market conditions and a string of strategic transactions put this payout on an even firmer financial foundation.
Crestwood's (CEQP) recent strategic moves are expected to result in annual common distribution savings of around $29 million.