Crestwood Equity Partners (CEQP) Tops Q4 EPS by 44c

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Crestwood Announces Fourth Quarter 2021 Financial and Operating Results Ahead of Expectations and Provides 2022 Guidance and Outlook

February 22, 2022 7:00 AM EST

Robust producer activity and favorable commodity prices drive full-year net loss of $37.4 million and record Adjusted EBITDA1 of $600.1 million in 2021, exceeding previously announced guidance range

Executing sector consolidation strategy with successful close of Oasis Midstream acquisition on February 1, 2022 making Crestwood the third largest processor in the Williston Basin and increasing the company's enterprise value to approximately $7 billion

Expect 2022E Adjusted EBITDA of $780 million to $840 million and free cash flow after distributions of $75 million to $135 million, including eleven months contribution from Oasis Midstream

Strong 2022... More