Crestwood Equity Partners (CEQP) Reports Q3 Loss of $1.03/sh
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Crestwood Announces Third Quarter 2021 Financial and Operating Results
October 26, 2021 7:00 AM EDTFavorable commodity prices and strong operational performance in the G&P segment delivers third quarter 2021 net loss of $39.6 million, Adjusted EBITDA of $139.9 million, and distributable cash flow to common unitholders of $85.8 million
Positive free cash flow during the quarter results in enhanced financial strength and flexibility, highlighted by a leverage ratio of 3.45x and distribution coverage of 2.18x
Entered into a new long-term agreements with Continental Resources in the Powder River Basin and Novo in the Delaware Basin
Strong year-to-date results... More
