Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Crestwood Midstream Partners Q4 Profit Plunges - Quick Facts

Crestwood Midstream Partners LP (CMLP: Quote) 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.

Click here to receive FREE breaking news email alerts for Crestwood Midstream Partners LP and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Defense forces of the United States and Arab partner nations have begun airstrikes inside Syria targeting terrorists from the Islamic State of Iraq and the Levant, the Pentagon announced on Tuesday. The nations fighting alongside the US include the United Arab Emirates, Bahrain, Jordan, Qatar and Saudi Arabia, which has a Sunni majority. Overnight, a mix of fighters, bombers, remotely piloted ai Yeast bloodstream infections, which are caused by Candida species, are a type of fungal infection, and if untreated, can result in serious medical complications. People who have a weak immune system, or are hospitalized in intensive care units, or have kidney disease needing dialysis, or have had abdominal surgery are said to be at risk of developing yeast bloodstream infections. After moving mostly higher over the course of the previous week, stocks showed a notable move back to the downside during trading on Monday. With the drop on the day, the Dow pulled back well off last Friday's record closing high.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.