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
Dealing a potentially fatal blow to a last-ditch effort by Republicans to repeal and replace Obamacare, Senator John McCain, R-Ariz., on Friday announced his opposition to a healthcare bill drafted by Senators Lindsey Graham, R-S.C., and Bill Cassidy, R-La. Reiterating his claim that Russian meddling in last year's election is a hoax, President Donald Trump has argued that the biggest influence on the election came from the media. Trump seemed to suggest in a post on Twitter on Friday that his victory in the presidential election came despite the media's... U.S. airlines collected a record $7.1 billion in revenue from fees for checked baggage and for changing or canceling reservations, reflecting a marked increase from 2010, according to a government report. The U.S. Government Accountability Office or GOA said in a report that U.S. airlines' revenue from these two fees increased to $7.1 billion in 2016 from $6.3 billion in 2010, in constant dollars.
comments powered by Disqus
Follow RTT