CEQP - Earnings announcements

Unit-for-unit, credit neutral bolt-on acquisition Expected to be immediately accretive to DCF per unit upon closing Extends Energy Transfer's position in the value chain deeper into the Williston and Delaware basins Provides entry into the Powder River basin Commercial synergy opportunities from the combination of Crestwood's Storage and Logistics business and Energy Transfer's NGL & Refined Products and Crude Oil assets Provides Crestwood unitholders with enhanced distribution and significant long-term value appreciation opportunities Energy Transfer LP (NYSE:ET) ("Energy Transfer") and Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") announced today that the parti

Generated second quarter 2023 net income of $152 million and Adjusted EBITDA1 of $176 million Placed into service the three-product gathering system in the City of Williston and Painted Woods areas of the Williston Basin; initial well results exceeding expectations Achieved record Delaware Basin natural gas processing volumes underpinned by strong producer activity and well performance throughout the first half of 2023 Expect full-year 2023E Adjusted EBITDA within the $780 million to $860 million guidance range, but likely within the lower half of the range primarily driven by lower commodity prices Awarded Hart Energy's 2023 ESG Award for the public midstream category, highlighting

Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.655 per limited partner unit ($2.620 annually) for the quarter ended June 30, 2023, which is unchanged quarter-over-quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on August 14, 2023, to unitholders of record as of August 7, 2023. Crestwood plans to report earnings for the second quarter 2023 on Tuesday, August 1, 2023, before the New York Stock Exchange opens for trading. Following the announ

Generated first quarter 2023 net income of $41.6 million and Adjusted EBITDA1 of $192.6 million, an 11% increase year-over-year, driven by expanded operations in the Williston and Delaware Basins Reaffirming full-year 2023 guidance range; current producer activity supports anticipated volumetric and cash flow growth throughout 2023 Successfully closed the divestiture of Tres Palacios in April 2023; Crestwood received net proceeds of $178 million, which were used for debt paydown and to accelerate leverage reduction Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") reported today its financial and operating results for the three months ended March 31, 2023. First Quarter 2023 Fi

Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.655 per limited partner unit ($2.620 annually) for the quarter ended March 31, 2023, which is flat quarter-over-quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on May 15, 2023, to unitholders of record as of May 8, 2023. Crestwood plans to report earnings for the first quarter 2023 on Tuesday, May 2, 2023, before the New York Stock Exchange opens for trading. Following the announcement, manage

Delivered full-year 2022 net income of $72.5 million and Adjusted EBITDA1 of $762.1 million, a 27% increase year-over-year, driven by expanded operations in the Williston and Delaware Basins from the Oasis Midstream, Sendero Midstream, and CPJV acquisitions offset by the Barnett and Marcellus divestitures; efficient integration of acquired assets led to cost savings and commercial synergies offset by extreme weather events and producer development delays in fourth quarter 2022 Divestiture of Tres Palacios for $335 million; Crestwood's 50% interest yields $167.5 million of cash proceeds which will be used for debt paydown and to accelerate leverage reduction; non-core asset sale at a signif

Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") today announced that the board of directors of its general partner has declared the partnership's quarterly cash distribution of $0.655 per limited partner unit ($2.620 annually) for the quarter ended December 31, 2022, which is flat quarter-over-quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on February 14, 2023, to unitholders of record as of February 7, 2023. Crestwood plans to report financial results for the fourth quarter 2022 and provide full-year 2023 financial guidance on Tuesday, Febru

HOUSTON, Nov. 2, 2022 /PRNewswire/ -- Chord Energy Corporation (NASDAQ:CHRD) ("Chord", "Chord Energy" or the "Company") today reported financial and operating results for the quarter ending September 30, 2022, declared base and variable dividends and provided an updated outlook for the business. The Company completed the merger of equals transaction between Oasis Petroleum Inc. ("Oasis") and Whiting Petroleum Corporation ("Whiting") on July 1, 2022. The results for the third quarter of 2022 discussed within this release represent the consolidated results for Chord. The results for the nine months ended September 30, 2022 include the consolidated results for Chord for the third quarter of 202

Recent strategic transactions high-grade asset portfolio and enhance capital structure with the acquisitions of Sendero Midstream and CPJV in the Delaware Basin, the divestitures of non-core Barnett and Marcellus assets, and the repurchase of 4.6 million Crestwood common units from Chord Energy Generated third quarter 2022 net loss of $43 million and Adjusted EBITDA1 of $209 million, a 50% increase year-over-year, driven by expanded operating footprints in the Williston and Delaware Basins Solid cash flow profile highlighted by a quarterly coverage ratio of 1.9x; free cash flow generation from optimized portfolio coupled with EBITDA growth next year drives leverage ratio toward long-term

DENVER, Oct. 26, 2022 /PRNewswire/ -- Antero Midstream Corporation (NYSE:AM) ("Antero Midstream" or the "Company") today announced its third quarter 2022 financial and operational results.  The relevant unaudited condensed consolidated financial statements are included in Antero Midstream's Quarterly Report on Form 10-Q for the quarter ended September 30, 2022. Third Quarter 2022 Earnings Highlights: Net Income was $84 million, or $0.17 per diluted share Adjusted Net Income was $96 million, or $0.20 per share (non-GAAP measure)Adjusted EBITDA was $223 million (non-GAAP measure

Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") announced today that the board of directors of its general partner has declared the partnership's quarterly cash distribution of $0.655 per limited partner unit ($2.620 annually) for the quarter ended September 30, 2022, which is flat quarter-over-quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on November 14, 2022, to unitholders of record as of November 7, 2022. Crestwood plans to report financial results for the third quarter 2022 on Wednesday, November 2, 2022, before the New York Stock Excha

Successfully closed strategic acquisitions in the Delaware Basin, doubling basin processing capacity and significantly increasing Crestwood's cash flow contribution from the most active and economic basin in the U.S. Second quarter 2022 net income of $39 million and Adjusted EBITDA1 of $180 million, a 23% increase year-over-year, driven by robust Delaware Basin activity and strong commodity prices, offset by a $13 million winter weather impact in the Williston Basin Strong cash flow profile and balance sheet highlighted by a coverage ratio of 1.7x and a leverage ratio of 3.7x as of June 30, 2022; substantial free cash flow generation in 2023 drives leverage to long-term target of 3.5x Re

Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") announced today that the board of directors of its general partner has declared the partnership's quarterly cash distribution of $0.655 per limited partner unit ($2.620 annually) for the quarter ended June 30, 2022, which is flat quarter-over-quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on August 12, 2022, to unitholders of record as of August 5, 2022. Crestwood plans to report financial results for the second quarter 2022 on Tuesday, July 26, 2022, before the New York Stock Exchange opens for

Successful close and integration of Oasis Midstream paired with favorable commodity prices results in first quarter 2022 net income of $22.2 million and Adjusted EBITDA1 of $172.8 million Strong operating performance and financial discipline drives free cash flow of more than $28 million, a coverage ratio of 2.0x, leverage ratio of 3.5x, a ~5% increase in the common unit distribution attributable to the first quarter 2022, and an S&P credit rating upgrade to BB from BB- Key gathering and processing assets leveraged to higher producer activity in the Williston, Delaware, and Powder River Basins in second and third quarters driving volumes and cash flow growth into second half of 2022 and f

Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") announced today that the board of directors of its general partner has declared the partnership's quarterly cash distribution of $0.655 per limited partner unit ($2.620 annually) for the quarter ended March 31, 2022, which represents an approximate 5% increase quarter-over-quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on May 13, 2022, to unitholders of record as of May 6, 2022. Robert G. Phillips, Founder, Chairman and Chief Executive Officer of Crestwood, commented, "Crestwood is pleased to an

Robust producer activity and favorable commodity prices drive full-year net loss of $37.4 million and record Adjusted EBITDA1 of $600.1 million in 2021, exceeding previously announced guidance range Executing sector consolidation strategy with successful close of Oasis Midstream acquisition on February 1, 2022 making Crestwood the third largest processor in the Williston Basin and increasing the company's enterprise value to approximately $7 billion Expect 2022E Adjusted EBITDA of $780 million to $840 million and free cash flow after distributions of $75 million to $135 million, including eleven months contribution from Oasis Midstream Strong 2022 outlook driven by acceleration of produc

Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") announced today that the board of directors of its general partner has declared the partnership's quarterly cash distribution of $0.625 per limited partner unit ($2.50 annually) for the quarter ended December 31, 2021, which is flat quarter over quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on February 14, 2022, to unitholders of record as of February 7, 2022. Crestwood expects the previously announced acquisition of Oasis Midstream Partners LP ("OMP") to close on February 1, 2022. Upon close,

HOUSTON, Oct. 26, 2021 /PRNewswire/ -- Oasis Midstream Partners LP (NASDAQ:OMP) ("OMP" or the "Partnership") today announced that, on October 24, 2021, the Board of Directors of OMP GP LLC (the "General Partner") declared the quarterly cash distribution for the third quarter of 2021 of $0.56 per unit, payable on November 29, 2021 to unitholders of record as of November 15, 2021. Crestwood Transaction In a separate press release issued today, OMP announced it has entered into a definitive merger agreement under which Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") will acquire OMP in an equity and cash transaction valued at approximately $1.8 billion, including the assumption of debt.

HOUSTON, Oct. 26, 2021 /PRNewswire/ -- Oasis Petroleum Inc. (NASDAQ:OAS) ("Oasis" or the "Company") announced today that Oasis Midstream Partners (NASDAQ:OMP) ("OMP") has entered into a definitive agreement under which it will merge with Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood").  Under the terms of the agreement, Oasis, as a unitholder of OMP, will receive $160MM in cash in addition to approximately 21.0MM common units of CEQP in aggregate in exchange for its 33.85MM OMP common units and non-economic general partner stake. Public OMP unitholders will receive 0.87 units of Crestwood common units for each unit of OMP owned.  In the aggregate, the total consideration represent

Highly complementary Williston Basin and Delaware Basin assets enhance Crestwood's competitive positioning in its core growth basins Significantly expands Crestwood's leading position in the Williston Basin with substantial synergy value through current asset connectivity and future integration and optimization of existing infrastructure Increases scale and financial strength with pro forma enterprise value of approximately $7 billion, pro forma 2021E Adjusted EBITDA of over $820 million, and conservative financial metrics with a sub-3.5x leverage ratio and a distribution coverage ratio over 2.0x Positions Crestwood to increase the common unit distribution to $2.62 per unit annually f

Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") announced today that the board of directors of its general partner has declared the partnership's quarterly cash distribution of $0.625 per limited partner unit ($2.50 annually) for the quarter ended September 30, 2021, which is flat quarter over quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on November 12, 2021, to unitholders of record as of November 5, 2021. Crestwood plans to report financial results for the third quarter 2021 on Tuesday, October 26, 2021, before the New York Stock Exchange

Solid second quarter performance results in 14% and 15% year-over-year Adjusted EBITDA and distributable cash flow growth, respectively, and significant free cash flow after distributions, delivering leading financial flexibility Strong customer activity paired with higher commodity prices drive increased outlook for drilling and completion activity in the Bakken, Powder River, Delaware, and Barnett basins in 2H 2021 and 2022 Crestwood achieves best-in-class financial metrics by accelerating deleveraging strategy following the divestiture of Stagecoach that results in pro forma leverage of 3.6x Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") reported today its financial and ope