Crestwood Equity Partners LP (CEQP) Releases Earnings Results, Misses Expectations By $-0.83 EPS

Crestwood Equity Partners LP (CEQP) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $-0.74 earnings per share for the quarter, missing the analyst consensus estimate by $-0.83. Analysts had a consensus of $0.09. The company posted revenue of $601.90 million in the period, compared to analysts expectations of $544.11 million. The company’s revenue was down -6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.21 EPS.

Many Wall Street Analysts have commented on Crestwood Equity Partners LP. Barclays Resumed Crestwood Equity Partners LP on Jun 21, 2016 to “Underweight”, Price Target of the shares are set at $22.

Crestwood Equity Partners LP opened for trading at $21.2 and hit $22.22 on the upside on Friday, eventually ending the session at $22.15, with a gain of 4.48% or 0.95 points. The heightened volatility saw the trading volume jump to 2,89,262 shares. Company has a market cap of $1,529 M.

In a different news, on Dec 14, 2015, David M. Wood (director) purchased 10,000 shares at $13.91 per share price. According to the SEC, on Dec 10, 2015, David Lumpkins (director) purchased 10,000 shares at $13.40 per share price.

Crestwood Equity Partners LP develops acquires owns and operates primarily assets and operations within the energy midstream sector. The Company operates through three segments: gathering and processing segment which provides natural gas gathering processing treating and compression services to producers in shale plays located in West Virginia Wyoming Texas Arkansas New Mexico and Louisiana; Storage and Transportation segment which owns and operates natural gas storage facilities with an aggregate working gas storage capacity of approximately 79.3 billion cubic feet per day (Bcf/d) including its 50.01% interest in Tres Palacios Gas Storage Company LLC and NGL and crude services segment which includes crude oil rail terminals the Arrow gathering system its fleet of over-the-road crude oil and produced water transportation assets an NGL storage facility and US Salt LLC.

Crestwood Equity Partners LP

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