2023-08-01 06:01:34 ET
- Crestwood Equity press release ( NYSE: CEQP ): Q2 GAAP EPS of $1.16 beats by $0.33 .
- Revenue of $1.02B (-29.7% Y/Y) misses by $140M .
- Expect full-year 2023E Adjusted EBITDA within the $780 million to $860 million guidance range, but likely within the lower half of the range primarily driven by lower commodity prices
- Second quarter 2023 Adjusted EBITDA of $176 million, compared to $180 million in the second quarter 2022, a decrease of 2% year-over-year
- Second quarter 2023 distributable cash flow (“DCF”) to common unitholders of $86 million and a coverage ratio of 1.3x
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Crestwood Equity GAAP EPS of $1.16 beats by $0.33, revenue of $1.02B misses by $140M