May 13, 2021
Business News

Crestwood Announces First Quarter 2021 Financial and Operating Results

HOUSTON–()–Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) reported today its financial and operating results for the three months ended March 31, 2021.

First Quarter 2021 Highlights1

  • First quarter 2021 net loss of $38.3 million, compared to net loss of $23.4 million in first quarter 2020
  • First quarter 2021 Adjusted EBITDA of $165.4 million, an increase of 9% compared to $151.4 million in the first quarter 2020
  • First quarter 2021 distributable cash flow (“DCF”) to common unitholders of $108.4 million, an increase of 15% compared to first quarter 2020; The first quarter 2021 coverage ratio was 2.8x
  • First quarter 2021 free cash flow after distributions of $63.6 million
  • Ended March 31, 2021…

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