Recap: Crestwood Equity Partners Q1 Earnings

Shares of Crestwood Equity Partners CEQP moved higher by 3.5% in pre-market trading after the company reported Q1 results.

Quarterly Results

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.

How To Listen To The Conference Call

Date: May 05, 2020

Time: 03:01 PM ET

Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.crestwoodlp.com%2Finvestors%2Fevents-and-presentations%2Fdefault.aspx&eventid=2156874&sessionid=1&key=AE9686EDD616B30517C399EDB71703A6&regTag=&sourcepage=register

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.