Crestwood Announces Quarterly Distribution and Schedules Fourth Quarter 2017 Earnings Release Date
January 18 2018 - 4:30PM
Business Wire
Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood” or
“CEQP”) announced today that the board of directors of its general
partner has declared the partnership’s quarterly cash distribution
of $0.60 per limited partner unit ($2.40 annually)
for the quarter ended December 31, 2017. In addition,
Crestwood announced a quarterly cash distribution of $0.2111 per
Class A preferred equity unit ($0.8444 annually). Distributions
will be made on February 14, 2018, to unitholders of record as of
February 7, 2018.
Crestwood plans to report financial results for the fourth
quarter 2017 and provide 2018 guidance on Tuesday, February 20,
2018, before the New York Stock Exchange opens for trading.
Following the announcement, management will host a conference call
for investors and analysts at 9:00 a.m. Eastern Time (8:00 a.m.
Central Time) that day to discuss the operating and financial
results. The call will be broadcast live over the internet via
audio webcast. Investors will be able to connect to the webcast via
the “Investors” page of Crestwood’s website at www.crestwoodlp.com.
Please log in at least 10 minutes in advance to register and
download any necessary software. A replay will be available shortly
after the call for 90 days.
About Crestwood Equity Partners LP
Houston, Texas, based Crestwood Equity Partners
LP (NYSE: CEQP) is a master limited partnership that owns and
operates midstream businesses in multiple unconventional shale
resource plays across the United States. Crestwood is
engaged in the gathering, processing, treating, compression,
storage and transportation of natural gas; storage, transportation,
terminalling, and marketing of NGLs; and gathering, storage,
terminalling and marketing of crude oil.
Forward Looking Statements
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal securities law. Such forward-looking statements
are subject to a variety of known and unknown risks, uncertainties,
and other factors that are difficult to predict and many of which
are beyond management’s control. These risks and assumptions are
described in Crestwood’s annual reports on Form 10-K and other
reports that are available from the United States Securities
and Exchange Commission. Readers are cautioned not to place undue
reliance on forward-looking statements, which reflect management’s
view only as of the date made. We undertake no obligation to update
any forward-looking statement, except as otherwise required by
law.
Tax Notice to Foreign Investors
This release serves as qualified notice to nominees under
Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note
that 100% of Crestwood’s distributions to foreign investors are
attributable to income that is effectively connected with
a United States trade or business. Accordingly, all of
Crestwood’s distributions to foreign investors are subject to
federal income tax withholding at the highest effective tax rate
for individuals or corporations, as applicable. Nominees, and
not Crestwood, are treated as the withholding agents
responsible for withholding on the distributions received by them
on behalf of foreign investors.
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Crestwood Equity Partners LPInvestor ContactsJosh
Wannarka, 713-380-3081Vice President, Investor
Relationsjosh.wannarka@crestwoodlp.comorElizabeth Suman,
832-519-2276Senior Manager, Investor Relations & Corporate
Communicationselizabeth.suman@crestwoodlp.com
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