Midstream Operator Crestwood Equity Reports Net Loss for Quarter, Industrial Info Tracks $1.66 Billion in Projects
SUGAR LAND--August 1, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Midstream operator Crestwood Equity Partners LP (NYSE:CEQP) (Houston, Texas) has many irons in the fire for storage, transmission and gas processing facilities in the U.S. As the company continues implementing new projects, it reported a second-quarter 2018 net loss of $21.5 million, compared to net income of $300,000 in second-quarter 2017. During the quarter, Crestwood recorded a $24 million non-cash impairment charge for the sale of assets of Crestwood West Coast LLC, which included a small gas gathering and processing system, fractionator, and rail and truck terminal and storage facilities. The company continues making strategic investments in both the Permian Basin in Texas and the Bakken Shale in North Dakota. Industrial Info is tracking $1.66 billion in Crestwood Equity projects.
Within this article: Details of Crestwood Equity projects
