Crestwood Equity Partners LP provides a range of infrastructure solutions to liquids-rich natural gas and crude oil shale plays in the United States. It operates through three segments: Gathering and Processing (G&P); Storage and Transportation (S&T); and Marketing, Supply and Logistics (MS&L). The G&P segment offers gathering and transportation services for natural gas, crude oil, and produced water; and processing, treating, compression, and disposal services for natural gas. The S&T segment provides crude oil and natural gas storage and transportation services to producers, utilities, and other customers; and operates crude oil terminals in the Bakken and Powder River Basin, as well as natural gas storage and transportation assets in the Northeast and Texas Gulf Coast. The MS&L segment offers natural gas liquid (NGL), crude oil, and natural gas marketing and logistics services to producers, refiners, marketers, and other customers. The company owns and operates natural gas facilities with approximately 2.9 billion cubic feet of natural gas/day (Bcf/d) of gathering capacity and 1.2 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 180,000 Bbls/d of gathering and disposal capacity. 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 founded in 2001 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: crestwoodlp.com
| 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 |
| 3/2/2023 | $31.00 | Sector Outperform | Scotiabank |
| 12/16/2022 | $35.00 | Equal Weight → Overweight | Wells Fargo |