Crestwood Midstream Partners (CMLP) Misses Q2 EPS by 34c
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Go back to Crestwood Midstream Partners (CMLP) Misses Q2 EPS by 34c
August 5, 2015 7:01 AM EDT
Cost Reduction Efforts Drive Record Adjusted EBITDA; Merger with
Crestwood Equity On-Track
HOUSTON--(BUSINESS WIRE)--
Crestwood Midstream Partners LP (NYSE: CMLP) (Crestwood Midstream or
CMLP) reported today its financial and operating results for the three
months ended June 30, 2015.
Second Quarter 2015 Highlights1
Record Adjusted EBITDA of $125.4 million; a 14% increase over $109.7
million in the second quarter 2014 driven by a 23% and 15% decrease in
adjusted operating and administrative costs from the fourth quarter
2014 and first quarter 2015, respectively2
Net Loss of $42.2 million, compared to net income of...
More
August 5, 2015 7:00 AM EDT
Cost Reduction Efforts Drive Quarterly Results; Merger with Crestwood
Midstream On-Track
HOUSTON--(BUSINESS WIRE)--
Crestwood Equity Partners LP (NYSE: CEQP) (Crestwood Equity or CEQP)
reported today its financial results for the three months ended June 30,
2015. Crestwood Equity owns the general partner of Crestwood Midstream
Partners LP (NYSE: CMLP) (Crestwood Midstream or CMLP).
Additionally, in a separate press release issued today, Crestwood
Midstream reported stand-alone financial and operating results. Except
for the Natural Gas Liquids (NGL) supply and logistics business, the
operations reflected in the consolidated results reported herein are
owned by Crestwood Midstream.... More
