Crestwood Equity Partners (CEQP) Reports Q4 EPS of $0.03

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Go back to Crestwood Equity Partners (CEQP) Reports Q4 EPS of $0.03

Crestwood Announces Fourth Quarter 2020 Financial and Operating Results and Provides 2021 Guidance and Outlook

February 23, 2021 7:00 AM EST

Accelerated producer activity and operational optimization drives strong 2020 results with full-year 2020 net loss of $15.3 million and Adjusted EBITDA1 of $580.3 million, a 10% increase over full-year 2019 and above the upper end of the revised guidance range

Fourth quarter outperformance driven by record volumes on the Arrow gathering system in the Bakken as producers accelerated new well connections into the fourth quarter driving strong utilization across Crestwoods expanded infrastructure

2021E Adjusted EBITDA1 guidance range of $550 million to $610 million; 2021E growth capital program of $35 million to $45 million represents a 72% reduction year-over-year and... More