Crestwood Midstream Partners (CMLP) Misses Q2 EPS by 34c
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Crestwood Midstream Announces Second Quarter 2015 Financial and Operating Results
August 5, 2015 7:01 AM EDTCost Reduction Efforts Drive Record Adjusted EBITDA; Merger with Crestwood Equity On-Track
HOUSTON--(BUSINESS WIRE)-- Crestwood Midstream Partners LP (NYSE: CMLP) (Crestwood Midstream or CMLP) reported today its financial and operating results for the three months ended June 30, 2015.
Second Quarter 2015 Highlights1
Record Adjusted EBITDA of $125.4 million; a 14% increase over $109.7 million in the second quarter 2014 driven by a 23% and 15% decrease in adjusted operating and administrative costs from the fourth quarter 2014 and first quarter 2015, respectively2 Net Loss of $42.2 million, compared to net income of... MoreCrestwood Equity Announces Second Quarter 2015 Financial and Operating Results and Confirms 2015 Guidance
August 5, 2015 7:00 AM EDTCost Reduction Efforts Drive Quarterly Results; Merger with Crestwood Midstream On-Track
HOUSTON--(BUSINESS WIRE)-- Crestwood Equity Partners LP (NYSE: CEQP) (Crestwood Equity or CEQP) reported today its financial results for the three months ended June 30, 2015. Crestwood Equity owns the general partner of Crestwood Midstream Partners LP (NYSE: CMLP) (Crestwood Midstream or CMLP).
Additionally, in a separate press release issued today, Crestwood Midstream reported stand-alone financial and operating results. Except for the Natural Gas Liquids (NGL) supply and logistics business, the operations reflected in the consolidated results reported herein are owned by Crestwood Midstream.... More
