Crestwood Equity Partners LP Beats on Revenues

Crestwood Equity Partners LP reported Q1 revenue of $828.1 million, versus $536.0 million last year. This beat the $745.4 million Capital IQ consensus. Loss per limited partner unit was $0.62, versus a loss per limited partner unit of $1.47 for the year-ago period. This was wider than the $0.12 per limited partner unit loss expected by analysts polled by Capital IQ.

The company also declared a first quarter 2017 cash distribution of $0.60 per common unit, or $2.40 per common unit on an annualized basis, to be paid on May 15 to unitholders of record as of May 8.