Crestwood Announces Quarterly Distribution and Schedules First Quarter 2019 Earnings Release Date
April 18 2019 - 3:15PM
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 March 31, 2019. 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 May 15, 2019, to unitholders of record as of May 8,
2019.
Crestwood plans to report financial results for the first
quarter 2019 on Tuesday, April 30, 2019, 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 ten
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 shale resource plays across the United
States. Crestwood Equity is engaged in the gathering, processing,
treating, compression, storage and transportation of natural gas;
storage, transportation, terminalling, and marketing of NGLs;
gathering, storage, terminalling and marketing of crude oil; and
gathering and disposal of produced water.
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 Contact
Josh Wannarka, 713-380-3081josh.wannarka@crestwoodlp.comVice
President, Investor Relations
Crestwood Equity Partners (NYSE:CEQP)
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