Why Units of Crestwood Equity Partners Plummeted 28% in February [The Motley Fool]
Crestwood Equity Partners LP (CEQP)
Last crestwood equity partners lp earnings: 2/18 07:00 am
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Source: The Motley Fool
Why Units of Crestwood Equity Partners Plummeted 28% in February Weakening market conditions have investors wondering if this MLP can deliver on its growth projections. Units of Crestwood Equity Partners ( NYSE:CEQP ) cratered 28% in February, according to data provided by S&P Global Market Intelligence . While the midstream company reported strong fourth-quarter results , investors don't believe it can deliver on its 2020 forecast given the weakness in the oil and gas market. Crestwood Equity Partners' expansion program has started paying dividends in recent quarters. Cash flow for the master limited partnership (MLP) soared nearly 40% during the fourth quarter, providing enough cash to cover its high-yielding distribution by an ultra-comfortable 2.0 times. Because of that, the company boosted its payout by 4.2% earlier this year . Meanwhile, Crestwood expects even more growth in 2020 , projecting that it will generate $350 million to $380 million in cas
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