Crestwood Equity Partners LP (NYSE:CEQP) is reporting third quarter earnings results on Tuesday 27th October 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.06 per share from $ 602.87 million in revenue.
For the full year, analysts predict revenues of $ 2400.88 million, while looking forward to loss of $ 1.28 per share.
Previous Quarter Performance
Crestwood Equity Partners LP communicated loss for the second quarter of $ 0.68 per share, from the revenue of $ 352.70 million. The quarterly revenues dropped 48.39 percent compared with the same quarter last year. Wall street analysts are predicting, CEQP to report 2Q20 loss of $ 0.12 per share from revenue of $ 495.13 million. The bottom line results missed street analysts by $ 0.56 or 466.67 percent, at the same time, top line results fell short of analysts by $ 142.43 million or 28.77 percent.
Stock Performance
Shares of Crestwood Equity Partners LP traded up $ 0.07 or 0.44 percent on Friday, reaching $ 15.90 with volume of 615.70 thousand shares. Crestwood Equity Partners LP has traded high as $ 16.35 and has cracked $ 15.50 on the downward trend
According to the previous trading day, closing price of $ 15.90, representing a 497.36 % increase from the 52 week low of $ 2.65 and a 57.23 % decrease over the 52 week high of $ 37.01.
The company has a market capital of $ 1.16 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Conference Call
Crestwood Equity Partners LP will be hosting a conference call at 9:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.crestwoodlp.com
Crestwood Equity Partners LP provides infrastructure solutions to liquids-rich natural gas and crude oil shale plays in the United States. It operates through three segments: Gathering and Processing (G&P); Storage and Transportation (S&T); and Marketing, Supply and Logistics (MS&L). The G&P segment offers gathering and transportation services for natural gas, crude oil, and produced water; and processing, treating, and compression services.
