logo
Share SHARE
FONT-SIZE Plus   Neg

Crestwood Midstream Partners Q4 Profit Plunges - Quick Facts

Crestwood Midstream Partners LP (CMLP) Tuesday reoported fourth-quarter profit of $4.86 million, down from $12.34 million in the comparable quarter last year.

General partner's interest in earnings was $4.13 million, compared to $2.79 million last year.

Limited partners' interest plunged to $0.73 million or $0.01 per share from $9.55 million or $0.24 per share last year.

Adjusted earnings for the period was $119.3 million or $0.03 per share. On average, seven analysts polled by Thomson Reuters expecetd the company to earn $0.25 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues totaled $56.99 million, down from $59.29 million last year. Analysts expected revenues of $61.76 million.

Looking ahead to the fiscal year 2013, the company expects adjusted EBITDA in a range of $170 million to $185 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
Follow RTT