Crestwood Equity Partners downgraded by Truist with a new price target
$CEQP
Oil & Gas Production
Utilities
Truist downgraded Crestwood Equity Partners from Buy to Hold and set a new price target of $28.00 from $31.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/25/2023 | $30.00 | Outperform → Mkt Perform | Raymond James |
| 8/18/2023 | $31.00 → $28.00 | Buy → Hold | Truist |
| 8/17/2023 | $29.00 → $27.00 | Sector Outperform → Sector Perform | Scotiabank |
| 8/17/2023 | $31.00 → $29.00 | Overweight → Equal Weight | Wells Fargo |
| 8/3/2023 | $30.00 → $28.00 | Buy → Neutral | Citigroup |
| 8/2/2023 | $30.00 → $28.00 | Neutral → Underweight | JP Morgan |
| 8/2/2023 | $29.00 → $26.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 3/14/2023 | $31.00 → $28.00 | Overweight → Neutral | JP Morgan |
SC 13G/A - Crestwood Equity Partners LP (0001136352) (Subject)
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SC 13G/A - Crestwood Equity Partners LP (0001136352) (Subject)
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EFFECT - Crestwood Equity Partners LP (0001136352) (Filer)
EFFECT - Crestwood Equity Partners LP (0001136352) (Filer)
Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") announced today that the board of directors of its general partner (the "Board") declared a quarterly cash distribution of $0.655 per common unit ($2.620 annually) for the quarter ended September 30, 2023, which is unchanged quarter-over-quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per preferred unit ($0.8444 annually). Both common and preferred distributions will be made on October 31, 2023, to unitholders of record as of October 23, 2023. Further, the Board declared a special cash distribution of $0.003 per common unit and $0.0003 per preferred unit (the "Special Distribution") payable on Octobe
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
Energy Transfer LP (NYSE:ET) ("Energy Transfer") and Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") announced today the preliminary results of the elections made by holders of Crestwood's outstanding 9.250% Perpetual Preferred Units (the "Crestwood Preferred Units") regarding the form of merger consideration to be received in connection with Energy Transfer's pending acquisition of Crestwood. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231031529188/en/ As further described in the Agreement and Plan of Merger, dated as of August 16, 2023, by and among Crestwood, Energy Transfer LP, Pachyderm Merger Sub LLC, a direct wh
Transaction Expected to Close on November 3, 2023 Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") today announced that, at its special meeting of unitholders (the "Special Meeting"), Crestwood unitholders approved the previously announced transaction (the "Transaction") with Energy Transfer LP ("Energy Transfer"). The Transaction is expected to close on November 3, 2023. "On behalf of Crestwood, I would like to thank our unitholders for their strong support in approving the Transaction with Energy Transfer. We believe the combination with Energy Transfer is highly strategic for Crestwood and provides Crestwood unitholders a compelling value enhancing opportunity as part of a sign
Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") today announced the receipt of consents from holders of record of its outstanding 9.250% Perpetual Preferred Units (the "Preferred Units") (CUSIP/ISIN: 226344307 / US2263443077) as of September 22, 2023 (collectively, the "Preferred Holders") necessary to approve the proposed amendment (the "Proposed Amendment") to Crestwood's Sixth Amended and Restated Agreement of Limited Partnership, dated August 20, 2021, in connection with its previously announced solicitation of consents (the "Consent Solicitation"). As of 4:00 p.m., Eastern Time, on October 24, 2023 (the "Effective Time"), Preferred Holders of the requisite number of the issued a
Raymond James downgraded Crestwood Equity Partners from Outperform to Mkt Perform and set a new price target of $30.00
Truist downgraded Crestwood Equity Partners from Buy to Hold and set a new price target of $28.00 from $31.00 previously
Scotiabank downgraded Crestwood Equity Partners from Sector Outperform to Sector Perform and set a new price target of $27.00 from $29.00 previously
4 - Crestwood Equity Partners LP (0001136352) (Issuer)
4 - Crestwood Equity Partners LP (0001136352) (Issuer)
4 - Crestwood Equity Partners LP (0001136352) (Issuer)
Retirement of Dr Sarah Ryan and Dr Christopher Haynes from the Woodside BoardPERTH, AUSTRALIA / ACCESSWIRE / March 8, 2023 / The Board of Woodside announces the retirement of Dr Sarah Ryan and Dr Christopher Haynes as Directors of Woodside. Dr Ryan and Dr Haynes will be standing down from their respective offices with effect from the conclusion of Woodside's 2023 Annual General Meeting, scheduled to be held on 28 April 2023 (2023 AGM).Dr Haynes has served on Woodside's Board since 2011 and is a member of the Audit & Risk Committee, the Sustainability Committee and the Nominations & Governance Committee.Dr Ryan joined the Woodside Board in December 2012 and serves on the Audit & Risk Committe
Crestwood Equity Partners LP (NYSE:CEQP) ("Crestwood") announced today that Angela A. Minas and Clay C. Williams have been appointed to serve on the Board of Directors of its general partner effective January 1, 2022. "I am pleased to welcome Angela and Clay to the Crestwood Board of Directors. Both of these highly regarded individuals bring a wealth of U.S. and global industry experience and perspective to our boardroom that will greatly benefit Crestwood as we navigate the dynamic energy industry and take advantage of opportunities to continue building a leading midstream infrastructure company," said Robert G. Phillips, Chairman, President and Chief Executive Officer of Crestwood's gene
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that Frances M. Vallejo has been appointed to serve on the Board of Directors of its general partner. Ms. Vallejo brings more than 30 years of experience in energy and finance. From 1987 to 2016, Ms. Vallejo held numerous leadership positions at ConocoPhillips (NYSE:COP), one of the world’s largest independent exploration and production companies, including vice president of corporate planning and development, and vice president and treasurer. She also held other geophysical, commercial and finance roles during this period. She served as a member of the Board of Trustees of Colorado