CEQP / Energy Transfer buying Crestwood Equity Partners in unit-for-unit deal

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Having a huge backlog of growth projects, midstream players secure additional cashflows, thereby brightening the outlook for the Zacks Oil and Gas - P more_horizontal

Crestwood (CEQP) is steadfast in its commitment to allocating all free cash flow following distributions to reduce debt throughout 2023. more_horizontal

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Energy Transfer's weak financial position and its distribution cut kept me from adding to my investment in recent years. That payout reduction enabled more_horizontal

Per the terms of the deal, Crestwood (CEQP) unitholders will receive 2.07 Energy Transfer (ET) common units for each of its common units. more_horizontal

Energy Transfer (ET) plans to acquire Crestwood Equity Partners (CEQP) in all-equity deal valued at $7.1 billion, including the assumption of debt and more_horizontal