Crestwood Equity Partners (CEQP) to Release Quarterly Earnings on Tuesday

Crestwood Equity Partners (NYSE:CEQP) will be posting its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Crestwood Equity Partners to post earnings of $0.15 per share for the quarter.

Crestwood Equity Partners (NYSE:CEQP) last posted its quarterly earnings results on Tuesday, February 19th. The pipeline company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.42. The business had revenue of $768.40 million during the quarter, compared to the consensus estimate of $1.01 billion. Crestwood Equity Partners had a net margin of 0.98% and a return on equity of 4.07%. The firm’s revenue for the quarter was down 38.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.04) earnings per share. On average, analysts expect Crestwood Equity Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Crestwood Equity Partners stock opened at $36.57 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.14 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 174.14, a price-to-earnings-growth ratio of 13.46 and a beta of 2.20. Crestwood Equity Partners has a twelve month low of $26.55 and a twelve month high of $40.55.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.56%. The ex-dividend date of this dividend is Tuesday, May 7th. Crestwood Equity Partners’s dividend payout ratio is presently 1,142.86%.

Several analysts have weighed in on the stock. Wells Fargo & Co raised shares of Crestwood Equity Partners from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 19th. ValuEngine raised shares of Crestwood Equity Partners from a “hold” rating to a “buy” rating in a research note on Monday, March 11th. TheStreet raised shares of Crestwood Equity Partners from a “c+” rating to a “b” rating in a research note on Thursday. Finally, US Capital Advisors reissued a “hold” rating on shares of Crestwood Equity Partners in a research note on Wednesday, February 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $39.57.

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Crestwood Equity Partners Company Profile

Crestwood Equity Partners LP provides 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, and compression services.

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Earnings History for Crestwood Equity Partners (NYSE:CEQP)

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