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Crestwood Equity Partners L.P.
Ticker Symbol: CEQP CUSIP: 226344208 Previous CUSIP: 456615103 Exchange: NYSE
Company's Online Profile
BUSINESS: Crestwood Equity Partners L.P., is a publicly traded master limited partnership that owns and operates midstream assets located primarily in the Marcellus Shale, Bakken Shale, Delaware Permian Basin, PRB Niobrara Shale, Barnett Shale and Fayetteville Shale. Its operations and financial results are divided into three segments that include Gathering & Processing, Storage & Transportation and Marketing, Supply & Logistics. Across the three segments Crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling and marketing of NGLs; gathering, storage, transportation, terminalling and marketing of crude oil.
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Find All Related Securities for CEQP
Notes: On October 7, 2013, Inergy Midstream, L.P. completed its merger with Crestwood Midstream Partners LP. The combined partnership is named Crestwood Midstream Partners LP and trades under the ticker CMLP on the New York Stock Exchange.
In addition, Inergy, L.P., the owner of CMLP's general partner, has been renamed Crestwood Equity Partners LP. The NYSE ticker symbol has been changed from NRGY to CEQP. ________________ May. 6, 2013-- Crestwood Midstream Partners LP (NYSE: CMLP) Crestwood Midstream and Crestwood Holdings LLC Crestwood Holdings (collectively, Crestwood and Inergy, L.P. (NYSE:NRGY) Inergy L.P. and Inergy Midstream, L.P. (NYSE:NRGM) (nergy Midstream (collectively, Inergy today announced the signing of definitive agreements to create a fully integrated midstream partnership with a total enterprise value of approximately $7 billion. The terms of the agreements are as follows: Crestwood Holdings will acquire the general partner of Inergy L.P. and will contribute the general partner and incentive distribution rights of Crestwood Midstream to Inergy L.P. in exchange for Inergy L.P. common units. Separately, Crestwood Midstream will be merged with a subsidiary of Inergy Midstream. In the merger, Crestwood Midstream unitholders will receive 1.070 common units of Inergy Midstream for each unit of Crestwood Midstream they own, representing a 5% premium to the 20-day volume weighted average price (“VWAP”) of Crestwood Midstream’s common units. Additionally, all Crestwood Midstream public unitholders other than Crestwood Holdings will receive a one-time cash payment at closing of the merger of approximately $35 million in the aggregate, or $1.03 per unit, $25 million of which will be payable by Inergy Midstream and approximately $10 million of which will be payable by Crestwood Holdings. Inergy Midstream and Inergy L.P. will continue to be listed on the NYSE under the ticker symbols NRGM and NRGY, respectively. ____________ August 2, 2012 -- Suburban Propane Partners, L.P. announced that it has successfully completed the acquisition of Inergy L.P.'s retail propane operations, effective August 1, 2012. The stated purchase price of the acquisition was approximately $1.8 billion. Inergy continues to own and operate a growing midstream natural gas and natural gas liquids business.
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IPO - 7/26/2001 - 1.60 Million Units @ $22.00/unit.
Link to IPO Prospectus
Previous Ticker Symbol: NRGY Changed: 10/07/2013
Previous Name: Inergy, L.P. Changed: 10/07/2013
Large Cap Stock -
Market Value $2.8 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 811 Main St., Suite 3400, Houston, TX 77002 |
| Main Phone Number |
832-519-2200 |
| Fax Number |
832-519-2250 |
| Investor Relations
Rhianna Disch
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713-380-3006
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Toll Free Phone Number |
Unknown |
| CEO - Robert G. Phillips |
CFO - John Black |
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