CEQP Stock - Crestwood Equity Partners LP
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Financial Statements
| Metric | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Revenue | $6.00B | $4.57B | $2.25B | $3.18B | $3.65B |
| Gross Profit | $674.70M | $480.90M | $416.40M | $441.20M | $356.00M |
| Gross Margin | 11.2% | 10.5% | 18.5% | 13.9% | 9.7% |
| Operating Income | $35.30M | $-102,200,000 | $-12,500,000 | $36.60M | $113.50M |
| Net Income | $72.50M | $-37,400,000 | $-15,300,000 | $285.10M | $50.80M |
| Net Margin | 1.2% | -0.8% | -0.7% | 9.0% | 1.4% |
| EPS | $0.73 | $-0.57 | $-0.21 | $3.97 | $0.71 |
Crestwood Equity Partners LP develops, acquires, owns, controls, and operates assets and operations in the energy midstream sector in the United States. It operates through three segments: Gathering and Processing North; Gathering and Processing South; and Storage and Logistics. The Gathering and Processing North segment offers natural gas, crude oil, and produced water gathering, compression, treating, processing, and disposal services to producers in the Williston Basin and Powder River Basin. This segment owns and operates natural gas facilities with approximately 0.4 Bcf/d of gathering capacity and 0.5 Bcf/d of processing capacity; crude oil facilities with approximately 150,000 Bbls/d of gathering capacity and 266,000 Bbls of storage capacity; and produced water facilities with approximately 130,000 Bbls/d of gathering and disposal capacity. The Gathering and Processing South segment provides natural gas gathering, compression, treating, and processing; and produced water gathering and disposal services to producers in the Marcellus, Barnett, and Delaware basins. This segment owns and operates natural gas facilities with 2.5 Bcf/d of gathering capacity and 0.7 Bcf/d of processing capacity; and produced water facilities with approximately 75,000 Bbls/d of gathering and disposal capacity. The Storage and Logistics segment offers natural gas liquids, crude oil, and natural gas storage, terminal, marketing, and transportation, including rail, truck and pipeline services to producers, refiners, marketers, utilities, and other customers. Crestwood Equity GP LLC serves as the general partner of Crestwood Equity Partners LP. The company was formerly known as Inergy L.P. and changed its name to Crestwood Equity Partners LP in October 2013. Crestwood Equity Partners LP was incorporated in 2001 and is headquartered in Houston, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 25th 2023 | Raymond James | Downgrade | Market Perform | $30 |
| August 18th 2023 | Truist | Downgrade | Hold | $28← $31 |
| August 17th 2023 | Scotiabank | Downgrade | Sector Perform | $27← $29 |
| August 17th 2023 | Wells Fargo | Downgrade | Equal Weight | $29← $31 |
| August 3rd 2023 | Citigroup | Downgrade | Neutral | $28← $30 |
| August 2nd 2023 | JP Morgan | Downgrade | Underweight | $28← $30 |
| August 2nd 2023 | RBC Capital Mkts | Downgrade | Sector Perform | $26← $29 |
| March 14th 2023 | JP Morgan | Downgrade | Neutral | $28← $31 |
| March 2nd 2023 | Scotiabank | Initiation | Sector Outperform | $31 |
| December 16th 2022 | Wells Fargo | Upgrade | Overweight | $35 |
| December 9th 2022 | Citigroup | Initiation | Buy | $32 |
| May 2nd 2022 | Truist | Resumed | Buy | $27 |
Earnings History & Surprises
CEQPEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q3 2024 | Jul 30, 2024 | — | — | — | — |
Q2 2024 | Apr 30, 2024 | — | — | — | — |
Q1 2024 | Feb 19, 2024 | $0.53 | — | — | — |
Q4 2023 | Nov 1, 2023 | $0.28 | $0.10 | -64.3% | ✗ MISS |
Q3 2023 | Aug 1, 2023 | $0.38 | $1.16 | +205.3% | ✓ BEAT |
Q2 2023 | May 2, 2023 | $0.15 | $0.15 | 0.0% | = MET |
Q1 2023 | Feb 21, 2023 | $0.21 | $0.26 | +23.8% | ✓ BEAT |
Q4 2022 | Nov 2, 2022 | $0.32 | $0.10 | -68.8% | ✗ MISS |
Q3 2022 | Jul 26, 2022 | $0.16 | $0.14 | -12.5% | ✗ MISS |
Q2 2022 | Apr 26, 2022 | $0.57 | $-0.04 | -107.0% | ✗ MISS |
Q1 2022 | Feb 22, 2022 | $0.31 | $0.79 | +154.8% | ✓ BEAT |
Q4 2021 | Oct 26, 2021 | $0.17 | $-0.29 | -270.6% | ✗ MISS |
Q3 2021 | Jul 27, 2021 | $-0.02 | $-0.49 | -2023.1% | ✗ MISS |
Q2 2021 | Apr 27, 2021 | $0.37 | $-0.86 | -332.4% | ✗ MISS |
Q1 2021 | Feb 23, 2021 | $0.31 | $0.03 | -90.3% | ✗ MISS |
Q4 2020 | Oct 27, 2020 | $-0.13 | $-0.28 | -115.4% | ✗ MISS |
Q3 2020 | Aug 4, 2020 | $-0.16 | $-0.33 | -106.3% | ✗ MISS |
Q2 2020 | May 5, 2020 | $0.29 | $0.21 | -27.6% | ✗ MISS |
Q1 2020 | Feb 18, 2020 | $0.44 | $0.28 | -36.4% | ✗ MISS |
Q4 2019 | Oct 29, 2019 | $0.15 | $0.12 | -20.0% | ✗ MISS |
Latest News
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