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Crestwood Equity Partners Lp
Crestwood Equity Partners LP, a publicly traded partnership, engages in the ownership and operation of midstream crude oil and natural gas assets in the United States. The company operates through three segments: Gathering and Processing, Transportation and Storage, and Marketing, Supply and Logistics.
Crestwood Equity Partners, LP, formerly known as Inergy, L.P., was founded in 2001 and is headquartered in Houston, Texas. The company's common units are listed on the New York Stock Exchange (NYSE) under the ticker symbol "CEQP."
Crestwood Equity Partners has a diversified portfolio of midstream assets located in some of the most prolific oil and gas producing regions in the United States, including the Permian Basin, the Bakken Shale, and the Marcellus Shale. The company's assets include crude oil and natural gas gathering systems, processing facilities, transportation pipelines, and storage facilities. These assets allow Crestwood Equity Partners to provide a range of midstream services to oil and gas producers, including gathering, processing, transportation, and storage.
The Gathering and Processing segment aggregates natural gas and crude oil from producers and transports it to processing facilities for separation and treatment. The Transportation and Storage segment includes a 50% interest in a joint venture with Plains All American Pipeline, L.P. that operates a crude oil pipeline, and a 25% interest in a joint venture with Marathon Petroleum Corporation that operates a refined product terminal. The Marketing, Supply and Logistics segment markets and distributes refined products and provides terminaling and transportation services for various customers.
Crestwood Equity Partners LP grew its EBITDA by 33% year over year in its third-quarter 2 in 2022, driven by record volumes in its NGL and crude oil segments and higher commodity prices. Crestwood Equity Partners LP (CEQP) is a publicly traded partnership that specializes in owning and operating midstream energy infrastructure assets in North America.
On April 1st 2022, Crestwood Equity Partners L.P. announced a quarterly cash distribution of $0.62 per limited partnership unit, which was paid on May 13th 2022, to unitholders of record as of May 2nd 2022.
As a publicly traded partnership, Crestwood Equity Partners files its financial statements and other reports with the Securities and Exchange Commission (SEC).