Crestwood Equity Partners (CEQP) Misses Q2 EPS by 72c

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Go back to Crestwood Equity Partners (CEQP) Misses Q2 EPS by 72c

Crestwood Announces Second Quarter 2021 Financial and Operating Results

July 27, 2021 7:00 AM EDT

Solid second quarter performance results in 14% and 15% year-over-year Adjusted EBITDA and distributable cash flow growth, respectively, and significant free cash flow after distributions, delivering leading financial flexibility

Strong customer activity paired with higher commodity prices drive increased outlook for drilling and completion activity in the Bakken, Powder River, Delaware, and Barnett basins in 2H 2021 and 2022

Crestwood achieves best-in-class financial metrics by accelerating deleveraging strategy following the divestiture of Stagecoach that results in pro forma leverage of 3.6x

HOUSTON--(BUSINESS... More