Crestwood Equity Partners (NYSE:CEQP) - Stock Price, News & Analysis

CEQP Stock Overview

Crestwood Equity Partners LP develops, acquires, owns, controls, and operates assets and operations in the energy midstream sector in the United States. More details

CEQP fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	3/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 57.8% below our estimate of its fair value

Earnings are forecast to grow 20.79% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 9.27% is not well covered by cash flows

Crestwood Equity Partners LP Competitors

Scorpio Tankers

NYSE:STNG

US$2.5b

New Fortress Energy

NasdaqGS:NFE

US$2.2b

DHT Holdings

NYSE:DHT

US$1.7b

Frontline

NYSE:FRO

US$4.3b

Price History & Performance

Summary of all time highs, changes and price drops for Crestwood Equity Partners
Historical stock prices
Current Share Price	US$28.26
52 Week High	US$30.16
52 Week Low	US$22.11
Beta	2.41
11 Month Change	-0.74%
3 Month Change	5.84%
1 Year Change	-3.75%
33 Year Change	111.37%
5 Year Change	-14.96%
Change since IPO	-80.78%

Crestwood Equity Partners: Strong Value Potential As Acquisition Deal Is Finalizing

Sep 29

Recent updates

Crestwood Equity Partners: Strong Value Potential As Acquisition Deal Is Finalizing

Sep 29

Crestwood announces common units secondary offering & concurrent common unit repurchase

Sep 12

Crestwood Equity Q2 2022 Earnings Preview

Jul 25

Crestwood Equity declares $0.655 dividend

Jul 14

The Crestwood-Oasis Midstream Merger Is Interesting

Nov 30

Crestwood: 8.7% Yield And 30% Upside With Accretive Acquisition Of Oasis Midstream

Oct 26

Crestwood: Now Best In Class On Many Metrics

Jul 28

Crestwood Equity Partners: Higher Distributions Could Follow Their Stagecoach Divestiture

Jul 15

Crestwood: Selling Stagecoach At Expected Price

Jun 01

Crestwood Equity Q1 2021 Earnings Preview

Apr 26

Shareholder Returns

	CEQP	US Oil and Gas	US Market
7D	3.5%	0.4%	-2.1%
1Y	-3.7%	13.9%	29.6%

Return vs Industry: CEQP matched the US Oil and Gas industry which returned -3.2% over the past year.

Return vs Market: CEQP underperformed the US Market which returned 14.1% over the past year.

Price Volatility

Is CEQP's price volatile compared to industry and market?
CEQP volatility
CEQP Average Weekly Movement	3.2%
Oil and Gas Industry Average Movement	5.3%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.5%
10% least volatile stocks in US Market	3.1%

Stable Share Price: CEQP has not had significant price volatility in the past 3 months.

Volatility Over Time: CEQP's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2001	753	Bob Phillips	www.crestwoodlp.com

Crestwood Equity Partners LP develops, acquires, owns, controls, and operates assets and operations in the energy midstream sector in the United States. The company operates through three segments: Gathering and Processing North; Gathering and Processing South; and Storage and Logistics. The Gathering and Processing North segment offers natural gas, crude oil, and produced water gathering, compression, treating, processing, and disposal services to producers in the Williston Basin and Powder River Basin.

Crestwood Equity Partners LP Fundamentals Summary

How do Crestwood Equity Partners's earnings and revenue compare to its market cap?
CEQP fundamental statistics
Market cap	US$2.97b
Earnings (TTM)	US$136.30m
Revenue (TTM)	US$4.83b

21.8x

P/E Ratio

0.6x

P/S Ratio

Is CEQP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CEQP income statement (TTM)
Revenue	US$4.83b
Cost of Revenue	US$3.82b
Gross Profit	US$1.01b
Other Expenses	US$874.00m
Earnings	US$136.30m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	1.30
Gross Margin	20.93%
Net Profit Margin	2.82%
Debt/Equity Ratio	145.3%

How did CEQP perform over the long term?

See historical performance and comparison

Dividends

9.3%

Current Dividend Yield

51%

Payout Ratio

CEQP Stock Overview

Rewards

Risk Analysis

Crestwood Equity Partners LP Competitors

NYSE:STNG

US$2.5b

NasdaqGS:NFE

US$2.2b

NYSE:DHT

US$1.7b

NYSE:FRO

US$4.3b

Price History & Performance

Recent News & 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

Third quarter 2023 earnings released: US$0.33 loss per share (vs US$0.64 loss in 3Q 2022)

Crestwood Equity Partners: Strong Value Potential As Acquisition Deal Is Finalizing

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.

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

Third quarter 2023 earnings released: US$0.33 loss per share (vs US$0.64 loss in 3Q 2022)

Crestwood Equity Partners: Strong Value Potential As Acquisition Deal Is Finalizing

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 To Become Part Of Energy Transfer Empire

New major risk - Financial position

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Crestwood: Marginally Weaker Quarter But Unchanged Thesis

Upcoming dividend of US$0.66 per share at 9.1% yield

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

Crestwood Equity Partners: 10.2% Yield, 1.7x DCF Coverage, Low Valuation

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of US$0.66 per share at 11% yield

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Crestwood Equity: Dealmaking Has Transformed The Company

Crestwood Equity goes ex dividend monday

Upcoming dividend of US$0.66 per share at 9.6% yield

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

Crestwood Equity: 9.5% Yield, Strong Distribution Coverage, Cheap Valuation

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

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

Crestwood Equity Q3 2022 Earnings Preview

Upcoming dividend of US$0.66 per share

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 declares $0.655 dividend

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

Crestwood Equity Partners: The Numbers Are Not Stacking Up

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 announces common units secondary offering & concurrent common unit repurchase

Crestwood Equity Partners LP Announces Leadership Promotions

High number of new directors

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of US$0.66 per share

Crestwood Equity Q2 2022 Earnings Preview

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

Crestwood Equity declares $0.655 dividend

Crestwood Equity Partners LP Announces Board Changes

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.

Upcoming dividend of US$0.66 per share

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

High number of new directors

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

High number of new directors

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

High number of new directors

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

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

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.

Upcoming dividend of US$0.63 per share

Insufficient new directors

Insufficient new directors

The Crestwood-Oasis Midstream Merger Is Interesting

Third quarter 2021 earnings released: US$1.03 loss per share (vs US$0.28 loss in 3Q 2020)

Upcoming dividend of US$0.63 per share

Crestwood: 8.7% Yield And 30% Upside With Accretive Acquisition Of Oasis Midstream