Stifel Downgrades Crestwood Midstream (CEQP) to Hold

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Crestwood Announces Second Quarter 2016 Financial and Operating Results

August 2, 2016 7:00 AM EDT

Completion of Northeast Joint Venture, successful bond tender and $1 billion debt pay down enhances liquidity position; Crestwood on-track to meet 2016 guidance

HOUSTON--(BUSINESS WIRE)-- Crestwood Equity Partners LP (NYSE: CEQP) (Crestwood) reported today its financial and operating results for the three months ended June 30, 2016.

Second Quarter 2016 Highlights1

Second quarter 2016 net loss of $37.1 million, compared to net loss of $296.0 million in second quarter 20152 Second quarter 2016 Adjusted EBITDA of $106.5 million, compared to $133.1 million in the second quarter 2015... More