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Crestwood Equity Partners L.P.
Ticker Symbol: CEQP*     CUSIP: 226344208     Previous CUSIP: 456615103      Exchange: NYSE
Security Type:   Master Limited Partnership
* NOTE: This security is no longer trading as of 11/03/2023

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.
Find All Related Securities for CEQP*

Notes:  Nov. 3, 2023-- Energy Transfer LP (NYSE: ET) (“Energy Transfer”) announced today the completion of its previously announced merger with Crestwood Equity Partners LP (“Crestwood”). The merger was approved by Crestwood unitholders at its special meeting of unitholders held on October 30, 2023. Effective with the opening of the market on November 3, 2023, Crestwood’s common units and preferred units ceased trading on the New York Stock Exchange (NYSE). Holders of Crestwood common units received 2.07 Energy Transfer common units for each Crestwood common unit held by them (the “Common Unit Merger Consideration”). Additionally, each outstanding Crestwood preferred unit was, at the election of the holder of such Crestwood preferred unit, either, (i) converted into a new preferred unit of Energy Transfer that has substantially similar terms, including with respect to economics and structural protections, as the Crestwood preferred units; (ii) redeemed in exchange for $9.857484 in cash plus accrued and unpaid distributions to the date of such redemption; or (iii) converted into a Crestwood common unit at the then-applicable conversion ratio of one Crestwood common unit for ten Crestwood preferred units, and such Crestwood common units then received the Common Unit Merger Consideration. The new Energy Transfer preferred units will be Series I Fixed Rate Perpetual Preferred Units and will trade on the NYSE under the ticker symbol “ETprI”.

August 16/2023 -- Energy Transfer LP (NYSE: ET) (“Energy Transfer”) and Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the parties have entered into a definitive merger agreement pursuant to which Energy Transfer will acquire Crestwood in an all-equity transaction valued at approximately $7.1 billion, including the assumption of $3.3 billion of debt, based on the closing price on August 15, 2023. Under the terms of the agreement, Crestwood common unitholders will receive 2.07 Energy Transfer common units for each Crestwood common unit. The transaction is expected to close in the fourth quarter of 2023, subject to the approval of Crestwood’s unitholders, regulatory approvals, and other customary closing conditions. Upon closing, Crestwood common unitholders are expected to own approximately 6.5% of Energy Transfer’s outstanding common units.

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.

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 $ Million

Company's Online Information Links
HOME PAGE:     https://www.crestwoodlp.com
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address Rhianna.disch@crestwoodlp.com

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 713-380-3006
Toll Free Phone Number Unknown
CEO - Robert G. Phillips CFO - John Black

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