Crestwood Equity Partners Balance Sheet Health

Financial Health criteria checks 1/6

Crestwood Equity Partners has a total shareholder equity of $2.3B and total debt of $3.3B, which brings its debt-to-equity ratio to 145.3%. Its total assets and total liabilities are $6.4B and $4.1B respectively. Crestwood Equity Partners's EBIT is $362.1M making its interest coverage ratio 1.6. It has cash and short-term investments of $23.8M.

Key information

145.3%

Debt to equity ratio

US$3.30b

Debt

Interest coverage ratio	1.6x
Cash	US$23.80m
Equity	US$2.27b
Total liabilities	US$4.09b
Total assets	US$6.36b

Recent financial health updates

Recent updates

Crestwood: Small Delay In Volume Growth Should Correct This Quarter And Next

Nov 02

Go With The Flow: Outperforming Energy Preferreds From Crestwood And DCP Midstream, Yielding 8-9%

Oct 16

Financial Position Analysis

Short Term Liabilities: CEQP.PR's short term assets ($600.3M) exceed its short term liabilities ($458.1M).

Long Term Liabilities: CEQP.PR's short term assets ($600.3M) do not cover its long term liabilities ($3.6B).

Debt to Equity History and Analysis

Debt Level: CEQP.PR's net debt to equity ratio (144.3%) is considered high.

Reducing Debt: CEQP.PR's debt to equity ratio has increased from 82.3% to 145.3% over the past 5 years.

Debt Coverage: CEQP.PR's debt is not well covered by operating cash flow (16.4%).

Interest Coverage: CEQP.PR's interest payments on its debt are not well covered by EBIT (1.6x coverage).

Crestwood Equity Partners Balance Sheet Health

Financial Health criteria checks 1/6

Key information

Recent financial health updates

Crestwood Equity Partners Files Form 15

NYSE Files A Notification of Removal of Listing on Form 25 to Delist the Crestwood Equity Partners LP's Common Units

Recent updates

Crestwood Equity Partners Files Form 15

NYSE Files A Notification of Removal of Listing on Form 25 to Delist the Crestwood Equity Partners LP's Common Units

Energy Transfer LP (NYSE:ET) entered into a definitive merger agreement to acquire Crestwood Equity Partners LP (NYSE:CEQP) for approximately $4.5 billion.

Energy Transfer LP (NYSE:ET) entered into a definitive merger agreement to acquire Crestwood Equity Partners LP (NYSE:CEQP) for approximately $4.5 billion.

Crestwood Equity Partners LP to Report Q2, 2023 Results on Aug 01, 2023

Crestwood Equity Partners LP to Report Q4, 2022 Results on Feb 21, 2023

Crestwood Equity Partners LP Revises Earnings Guidance for the Full Year 2022

Crestwood: Small Delay In Volume Growth Should Correct This Quarter And Next

Antero Midstream Corporation (NYSE:AM) completed the acquisition of Marcellus natural gas gathering and compression assets of Crestwood Equity Partners LP (NYSE:CEQP).

Crestwood Equity Partners LP Declares Cash Distribution for the Quarter Ended September 30, 2022, Payable on November 14, 2022

Go With The Flow: Outperforming Energy Preferreds From Crestwood And DCP Midstream, Yielding 8-9%

Crestwood Equity Partners: Unique Preferred Units, 9% Yield, Strong Coverage

Crestwood Equity Partners LP has completed a Follow-on Equity Offering.

Antero Midstream Corporation (NYSE:AM) agreed to acquire Marcellus natural gas gathering and compression assets of Crestwood Equity Partners LP (NYSE:CEQP) for approximately $210 million in cash.

Crestwood: Busy Afternoon

Crestwood Equity Partners LP Announces Leadership Promotions

Crestwood: Winter Weather Impacted The Quarter But Investment Thesis Intact

Crestwood Equity Partners LP to Report Q2, 2022 Results on Jul 26, 2022

Crestwood Equity Partners LP Announces Board Changes

Crestwood: Flurry Of Deals That Clean Up The Portfolio

Crestwood Equity Partners LP (NYSE:CEQP) has entered into an agreement to acquire remaining 50% stake in Crestwood Permian Basin Holdings LLC from First Reserve Corporation for $320 million.

EnLink Midstream, LLC (NYSE:ENLC) entered into a definitive agreement to acquire North Texas gathering and processing assets of Crestwood Equity Partners LP (NYSE:CEQP) for approximately $280 million.

Crestwood Equity Partners: 8.7% Yield And Growing

Crestwood Equity Partners LP Increases Quarterly Distribution for the Quarter Ended March 31, 2022, Payable on May 13, 2022

Crestwood Equity Partners: New Era Of Distribution Growth Possibly Beginning

Crestwood Equity Partners LP, Annual General Meeting, May 12, 2022

Crestwood Equity Partners LP Provides Earnings Guidance for the Fiscal Year 2022

Crestwood Equity Partners: Cash Keeps Flowing

Crestwood Equity Partners LP (NYSE:CEQP) completed the acquisition of Oasis Midstream Partners LP (NasdaqGS:OMP) from Oasis Petroleum Inc. (NasdaqGS:OAS), OMS Holdings LLC and others.

Crestwood Equity: This 9.92%-Yielder Is Poised For Massive Growth In The Bakken

Crestwood 9.25% Preferred: Fantastic Yield, Low Risk, And Call Protection

Kinder Morgan, Inc. (NYSE:KMI) entered into a purchase and sale agreement to acquire Stagecoach Gas Services LLC from Crestwood Equity Partners LP (NYSE:CEQP) and Con Edison Gas Pipeline and Storage, LLC for $1.2 billion.

Crestwood Equity Partners LP Revises Earnings Guidance for the Year 2021

Crestwood Equity Partners LP Appoints Frances M. Vallejo to Its Board of Directors

Crestwood Equity Partners LP to Report Q4, 2020 Results on Feb 23, 2021

Preferred Shares To Hold Forever: Crestwood And RLJ Lodging, Yields Up To 10.7%

Crestwood Equity Partners LP to Report Q3, 2020 Results on Oct 27, 2020

Crestwood Equity Partners LP (NYSE:CEQP) acquired NGL terminal assets from Plains All American Pipeline, L.P. (NYSE:PAA) for approximately $160 million.

Crestwood Equity Partners LP to Report Q2, 2020 Results on Aug 04, 2020

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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