Crestwood Midstream Partners (CMLP) Tops Q1 EPS by 4c
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Crestwood Midstream Announces First Quarter 2015 Financial and Operating Results
May 6, 2015 7:02 AM EDTHOUSTON--(BUSINESS WIRE)-- Crestwood Midstream Partners LP (NYSE: CMLP) (Crestwood Midstream) reported today its financial and operating results for the three months ended March 31, 2015.
In a separate press release issued today, Crestwood Equity Partners LP (Crestwood Equity) and Crestwood Midstream announced the execution of a definitive agreement to merge the two partnerships and simplify Crestwoods corporate structure into a single publicly-traded partnership with a consolidated enterprise value of approximately $7.5 billion. Under the terms of the agreement, each common unitholder of Crestwood Midstream will receive 2.75 common units of Crestwood Equity upon closing of the... More
Crestwood Equity Announces First Quarter 2015 Financial and Operating Results
May 6, 2015 7:01 AM EDTHOUSTON--(BUSINESS WIRE)-- Crestwood Equity Partners LP (NYSE: CEQP) (Crestwood Equity or CEQP) reported today its financial results for the three months ended March 31, 2015. Crestwood Equity owns the general partner of Crestwood Midstream Partners LP (NYSE: CMLP) (Crestwood Midstream or CMLP).
In a separate press release issued today, Crestwood Equity and Crestwood Midstream announced the execution of a definitive agreement to merge the two partnerships and simplify Crestwoods corporate structure into a single publicly-traded partnership with a consolidated enterprise value of approximately $7.5 billion. Under the terms of the agreement, each common... More
Crestwood Equity Partners LP and Crestwood Midstream Partners LP Announce Merger Agreement
May 6, 2015 7:00 AM EDTPermanent elimination of incentive distribution rights provides significant improvement to Crestwoods cost of capital
Immediately improved coverage ratio; Repositioned for accelerated future distribution growth
Simplification of corporate structure streamlines corporate strategy and operating footprint and improves Crestwoods competitive position
HOUSTON--(BUSINESS WIRE)-- Crestwood Equity Partners LP (NYSE: CEQP) (Crestwood Equity) and Crestwood Midstream Partners LP (NYSE: CMLP) (Crestwood Midstream) (collectively Crestwood) today announced the signing of a definitive agreement to merge the two partnerships and simplify Crestwoods corporate structure into... More
