Crestwood Equity Partners (CEQP) Misses Q1 EPS by 48c
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Crestwood Announces First Quarter 2022 Financial and Operating Results
April 26, 2022 7:00 AM EDTSuccessful close and integration of Oasis Midstream paired with favorable commodity prices results in first quarter 2022 net income of $22.2 million and Adjusted EBITDA1 of $172.8 million
Strong operating performance and financial discipline drives free cash flow of more than $28 million, a coverage ratio of 2.0x, leverage ratio of 3.5x, a ~5% increase in the common unit distribution attributable to the first quarter 2022, and an S&P credit rating upgrade to BB from BB-
Key gathering and processing assets leveraged to higher producer activity in the Williston, Delaware, and... More
