Crestwood Equity Partners (CEQP) Misses Q1 EPS by 5c
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May 6, 2015 7:02 AM EDT
HOUSTON--(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
May 6, 2015 7:01 AM EDT
HOUSTON--(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
May 6, 2015 7:00 AM EDT
Permanent 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
