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Stock Market & Financial Investment News

News Breaks
February 26, 2013
07:44 EDTCMLPCrestwood Midstream sees FY13 adjusted EBITDA $170M-$185M
The primary drivers include the consolidation of 100% of CMM, continued volume growth in the Marcellus region and the full year impact of the West Johnson County assets and Enerven operations acquired in August 2012 and December 2012, respectively. Crestwood anticipates average 2013 gathering volumes in the range of 1,000 MMcf/d to 1,100 MMcf/d, an overall increase of 30% from 2012; average processing volumes of approximately 225 MMcf/d to 240 MMcf/d, a 55% increase from 2012; and compression volumes of approximately 320 MMcf/d to 340 MMcf/d attributable to the recent Enerven acquisition. The company also expects capital spending on contracted projects and maintenance capital for FY13 to be in the range of $120M-$150M
News For CMLP From The Last 14 Days
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February 25, 2015
10:01 EDTCMLPOn The Fly: Analyst Downgrade Summary
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07:05 EDTCMLPCrestwood Midstream downgraded at Stifel
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06:07 EDTCMLPCrestwood Midstream downgraded to Hold from Buy at Stifel
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February 24, 2015
07:43 EDTCMLPCrestwood Midstream reports cost reduction initiatives to realign cost structure
07:41 EDTCMLPCrestwood Equity sees FY15 adjusted EBITDA $540M-$575M
Adjusted EBITDA, including CMLP (CMLP), is estimated to be in the range of $540M-$575M. Adjusted EBITDA from operating assets owned directly by Crestwood Equity (CEQP) is estimated to be in the range of $60M-$65M in 2015; Adjusted distributable cash flow is estimated to be in the range of $80M-$85M; and Consistent with CMLP’s announced cost reduction initiative, Crestwood Equity also anticipates significant cost reductions including workforce reductions in the first half of 2015, which will position Crestwood to better withstand any sustained downturn in commodity prices.
07:41 EDTCMLPCrestwood Midstream sees FY15 adjusted EBITDA $480M-$510M
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07:40 EDTCMLPCrestwood Equity reports Q4 EPS 21c, consensus 10c
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07:39 EDTCMLPCrestwood Midstream reports Q4 EPS (43c), may not compare to consensus 6c
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February 19, 2015
08:05 EDTCMLPCrestwood faces little risk from Quicksilver, says Wells Fargo
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