Crestwood Equity Partners LP (CEQP)

[DrHarleyboy]

Third Quarter 2019 Highlights

Third quarter 2019 net income of $33.6 million, compared to a net loss of $5.2 million in third quarter 2018
Third quarter 2019 Adjusted EBITDA of $140.9 million, an increase of 39% compared to $101.4 million in the third quarter 2018
Third quarter 2019 distributable cash flow (“DCF”) to common unitholders of $82.5 million; The third quarter 2019 coverage ratio was approximately 1.9x
Ended third quarter 2019 with approximately $2.3 billion in total debt and a 4.2x leverage ratio; Crestwood has substantial liquidity available under its $1.25 billion revolver with $497.6 million drawn as of September 30, 2019
Declared third quarter 2019 cash distribution of $0.60 per common unit, or $2.40 per common unit on an annualized basis, to be paid on November 14, 2019, to unitholders of record as of November 7, 2019