Crestwood Announces Quarterly Distribution and Schedules Fourth Quarter 2020 Earnings Release Date
January 21 2021 - 3:30PM
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 $0.625 per limited partner unit ($2.50 annually) for the quarter
ended December 31, 2020, which is flat quarter over quarter. In
addition, Crestwood announced a quarterly cash distribution of
$0.2111 per Class A preferred equity unit ($0.8444 annually). Both
common and preferred distributions will be made on February 12,
2021, to unitholders of record as of February 5, 2021.
Crestwood plans to report financial results for the fourth
quarter 2020 and provide 2021 guidance on Tuesday, February 23,
2021, 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. Crestwood will provide an update on its operations and
financial strategy at that time. 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 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. Visit Crestwood Equity
Partners LP at www.crestwoodlp.com; and to learn more about
Crestwood’s sustainability efforts, please visit
https://esg.crestwoodlp.com.
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 LP Investor Contacts
Josh Wannarka, 713-380-3081 josh.wannarka@crestwoodlp.com Senior
Vice President, Investor Relations, ESG & Corporate
Communications
Rhianna Disch, 713-380-3006 rhianna.disch@crestwoodlp.com
Director, Investor Relations
Crestwood Equity Partners (NYSE:CEQP)
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