Jackalope

Crestwood Announces Second Quarter 2023 Financial and Operating Results

Retrieved on: 
Tuesday, August 1, 2023
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, Permian, Painted wood turtle, Vista Equity Partners, Arrow, Hattiesburg, Mississippi, G&A, NGL, GAAP, Central Time, Carbon, Chord Energy, Sale, Barnett, Internet, EBITDA, Tres Palacios Bay, City, Rough Riders, Financial result, Natural gas, Water, Mega-City One, O&M, Webcast, Growth, ESG, News, NYSE, Conference, Software, Video game, Bank, Warehouse, Fine chemical, Arms industry, Cryptocurrency, Petroleum, Renewable energy, Delaware Basin, Adjustment, Jackalope

Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood” or “Company”) reported today its financial and operating results for the three months ended June 30, 2023.

Key Points: 
  • Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood” or “Company”) reported today its financial and operating results for the three months ended June 30, 2023.
  • Gathering and Processing North segment EBITDA totaled $137 million in the second quarter 2023, compared to $153 million in the second quarter 2022, a decrease of 10% year-over-year.
  • Storage & Logistics segment EBITDA totaled $13 million in the second quarter 2023, compared to $5 million in the second quarter 2022, an increase of 185% year-over-year.
  • Combined O&M and G&A expenses, net of non-cash unit-based compensation, in the second quarter 2023 were $69 million compared to $65 million in the second quarter 2022.

Crestwood Announces First Quarter 2023 Financial and Operating Results

Retrieved on: 
Tuesday, May 2, 2023
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Permian, CHRD, Chord, Vista Equity Partners, Arrow, Hattiesburg, Mississippi, G&A, NGL, GAAP, Delaware Basin, Central Time, Sale, Barnett, Public expenditure, Internet, EBITDA, City, Rough Riders, Panther, Water, O&M, Webcast, Growth, Weather, Bear's Den, POP, News, NYSE, Conference, Software, Video game, Bank, Life insurance, Drug, Warehouse, Cryptocurrency, Petroleum, Painted wood turtle, Tres Palacios Bay, Jackalope

Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) reported today its financial and operating results for the three months ended March 31, 2023.

Key Points: 
  • Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) reported today its financial and operating results for the three months ended March 31, 2023.
  • On April 3, 2023, Crestwood and Brookfield Infrastructure (“Brookfield”) closed the previously announced divestiture of Tres Palacios Gas Storage LLC (“Tres Palacios”).
  • Financially, Crestwood delivered first quarter 2023 Adjusted EBITDA of $193 million, distributable cash flow of $104 million, and a coverage ratio of 1.5x, all metrics meeting or exceeding our internal estimates.
  • On January 17, 2023, Crestwood Midstream Partners LP (“CMLP”), a wholly owned subsidiary of Crestwood, issued $600 million of 7.375% senior unsecured notes due 2031.

Crestwood Announces Fourth Quarter 2022 Financial and Operating Results, the Divestiture of Tres Palacios for $335 Million, and Provides 2023 Guidance and Outlook

Retrieved on: 
Tuesday, February 21, 2023
Alternative Energy, Energy, Utilities, Oil, Gas, Permian, Panther, EBITDA, Vista Equity Partners, Arrow, Weather, NYSE, NGL, Tres, Sendero, Acquisition, POP, Investment, Bank statement, City, Growth, Powder River Basin, Rough Riders, Sale, Borrowing base, Continental Resources, Water, Barnett, CHRD, Adjustment, Video game, Bank, Cryptocurrency, Fine chemical, Tres Palacios Bay, Jackalope, Delaware Basin

Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) reported today its financial and operating results for the three months ended December 31, 2022.

Key Points: 
  • Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) reported today its financial and operating results for the three months ended December 31, 2022.
  • On February 20, 2023, Crestwood and Brookfield Infrastructure (“Brookfield”) entered into an agreement to sell Tres Palacios Gas Storage (“Tres Palacios”) for $335 million.
  • Storage & Logistics segment EBITDA totaled $25.9 million in the fourth quarter 2022, compared to $13.9 million in the fourth quarter 2021.
  • In addition, the guidance range assumes the divestiture of Tres Palacios closes in April 2023.

Crestwood Acquires Williams’ 50% Interest in Powder River Basin Joint Venture and Provides Updated 2019 Outlook

Retrieved on: 
Wednesday, April 10, 2019
Energy, Oil, Gas, Water, Structural geology, Structural basin, Physical geography, CHK, Jackalope, Drainage basin, Powder River

The acquisition of Williams interest is a continuation of Crestwoods strategy to expand its operational footprint in its core growth basins.

Key Points: 
  • The acquisition of Williams interest is a continuation of Crestwoods strategy to expand its operational footprint in its core growth basins.
  • Consolidating the Jackalope assets positions Crestwood for long-term growth in the prolific Powder River Basin by supporting Chesapeake Energys (NYSE: CHK) and other producer customers long-term development plans.
  • The transaction, which was not subject to regulatory approval, is closed with an effective date of April 9, 2019.
  • Based upon the acquisition of the Powder River Basin joint venture, Crestwoods revised 2019 guidance is provided below.

Williams Sells Its 50% Interest in Jackalope Gas Gathering Services, L.L.C. to an Affiliate of Crestwood Equity Partners LP for $484.6 Million

Retrieved on: 
Wednesday, April 10, 2019
Energy, Oil, Gas, American folklore, Jackalope, Crestwood

Williams (NYSE: WMB) and Crestwood Equity Partners LP (NYSE: CEQP) (Crestwood) today announced that Williams has sold its 50 percent interest in Jackalope Gas Gathering Services, L.L.C.

Key Points: 
  • Williams (NYSE: WMB) and Crestwood Equity Partners LP (NYSE: CEQP) (Crestwood) today announced that Williams has sold its 50 percent interest in Jackalope Gas Gathering Services, L.L.C.
  • (Jackalope) to an affiliate of Crestwood for $484.6 million in cash.
  • Prior to the transaction, Crestwood was Williams 50% joint venture partner in Jackalope where Williams acted as operator, responsible for managing construction and operations and Crestwood served as marketer, responsible for commercial services.
  • The Jackalope holdings are in Converse County, Wyoming, and provide gathering, compression and processing services and include the Jackalope Gas Gathering System and the Bucking Horse Processing Plant.