Crestwood Equity Partners (CEQP) Reports Q4 EPS of $0.57, Revenues Miss
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Crestwood Announces Fourth Quarter 2018 Financial and Operating Results; Exceeds 2018 Guidance Targets; Provides 2019 Growth Outlook
February 19, 2019 7:00 AM ESTStrong execution drives FY 2018 net income of $67.0 million and adjusted EBITDA1 of $420.1 million; Exceeding FY 2018 guidance targets
2019E adjusted EBITDA1 guidance range of $460 million to $490 million; mid-point implies 13% year-over-year growth from FY 2018
Growth capital of $275 million to $325 million expected to drive 15% DCF per unit growth through FY 2020
Arrow achieves record daily crude oil gathering volumes of 102,800 barrels per day, record natural gas gathering volumes of 77.7 MMcf per day and record water gathering volumes of 61,600 barrels of water per day in January 2019
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