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Crestwood Equity Partners LP - CEQP STOCK NEWS

Welcome to our dedicated news page for Crestwood Equity Partners LP (Ticker: CEQP), a resource for investors and traders seeking the latest updates and insights on Crestwood Equity Partners LP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Crestwood Equity Partners LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Crestwood Equity Partners LP's position in the market.

Rhea-AI Summary
Crestwood Equity Partners LP announced that its unitholders have approved the transaction with Energy Transfer LP. The transaction is expected to close on November 3, 2023. The combination with Energy Transfer is seen as highly strategic, providing value enhancement and growth opportunities for Crestwood unitholders.
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-0.11%
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Rhea-AI Summary
Crestwood Equity Partners LP has received consents from holders of its outstanding 9.250% Perpetual Preferred Units to approve a proposed amendment to its limited partnership agreement. The proposed amendment will increase the cash redemption price for the Preferred Units in connection with a merger with Energy Transfer LP. The deadline for Preferred Holders to elect the form of merger consideration they wish to receive is October 31, 2023.
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-0.25%
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Rhea-AI Summary
Crestwood Equity Partners extends solicitation of consents for proposed amendment to partnership agreement
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Crestwood Equity Partners extends solicitation of consents for proposed amendment to partnership agreement
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-0.14%
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Crestwood Equity Partners announces unchanged quarterly cash distribution and special cash distribution
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0.86%
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Crestwood urges unitholders to vote 'FOR' proposals related to merger with Energy Transfer. Special meeting of unitholders on October 30, 2023. Transaction expected to close in Q4 2023. Unitholders encouraged to vote and submit proxies in advance.
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Crestwood Equity Partners LP has commenced a solicitation of consents from holders of its outstanding Preferred Units. The purpose is to amend certain provisions of Crestwood's Partnership Agreement in connection with a merger with Energy Transfer LP. The proposed amendment includes an increase in the cash redemption price for the Preferred Units from $9.218573 to $9.857484 per unit. If the requisite consents are obtained and the merger conditions are satisfied, the proposed amendment will go into effect. Crestwood will pay a cash payment of $0.182546 per Preferred Unit to holders who deliver valid consents. The Consent Solicitation will expire on October 17, 2023. BofA Securities is the Solicitation Agent.
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Crestwood Equity Partners LP

NYSE:CEQP

CEQP Rankings

CEQP Stock Data

2.97B
82.60M
10.8%
53.17%
1.41%
Natural Gas Distribution
Utilities
Link
United States
Houston

About CEQP

crestwood equity partners lp (nyse: ceqp) is a publicly traded master limited partnership that owns and operates midstream assets located primarily in the marcellus shale, bakken shale, delaware permian basin, prb niobrara shale, barnett shale and fayetteville shale. our operations and financial results are divided into three segments that include gathering & processing, storage & transportation and marketing, supply & logistics. across our three segments crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling and marketing of ngls; gathering, storage, transportation, terminalling and marketing of crude oil. our goal is to create long-term value for our unit holders by delivering increasing cash distributions through organic expansion, development projects and acquisitions, while at the same time ensuring the ongoing stability of our business. we aim to provide the highest quality of cust