Published on 21 Oct 2023 on Zacks · via Yahoo Finance
Crestwood (CEQP) Stock Falls 3.8% Despite In-Line Q1 Earnings
Crestwood Equity Partners LP CEQP declined 3.8% since it reported in-line first-quarter 2023 earnings on May 2. Declining contributions from Gathering and Processing North business unit are probably hurting the partnership.
CEQP reported first-quarter adjusted earnings of 15 cents per unit, in line with the Zacks Consensus Estimate. The bottom line reversed from the year-ago quarter’s loss of 4 cents per unit.