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Shares of Crestwood Equity Partners (NYSE:CEQP) moved higher by 3.5% in pre-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share were up 742.86% over the past year to $0.45, which beat the estimate of $0.22.
Revenue of $727,900,000 less by 12.85% year over year, which missed the estimate of $776,410,000.
Outlook
Crestwood Equity Partners hasn't issued any earnings guidance for the time being.
Crestwood Equity Partners hasn't issued any revenue guidance for the time being.
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Date: May 05, 2020
Time: 03:01 PM ET
Recent Stock Performance
Company's 52-week high was at $40.00
Company's 52-week low was at $2.65
Price action over last quarter: down 60.57%
Company Description
Crestwood Equity Partners LP develops, acquires, owns or controls, and operates fee-based assets and operations within the energy midstream sector. The company has a diversified portfolio of crude oil and natural gas gathering, processing, storage and transportation assets that connect fundamental energy supply with energy demand across North America. It has three reporting segments: Gathering and Processing, Marketing, Supply and Logistics, and Storage and Transportation. The company serves various producers in unconventional shale plays located in across the United States. It generates maximum revenue from the Marketing, Supply and Logistics segment.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.