Crestwood announces quarterly distribution
The Board of Directors of Crestwood Midstream GP LLC, general partner of Crestwood Midstream Partners LP announced that it has declared the partnership’s quarterly cash distribution of US$ 0.41 per limited partner unit (US$ 1.64 annually) for the quarter ended 30 September, 2014.
In addition, Crestwood Midstream will issue approximately 388 000 additional Class A units to the owners of the Class A units in lieu of cash distributions, which represents the period from 17 June, 2014, through 30 September, 2014. The distributions will be paid on 14 November, 2014, to unitholders of record as of 7 November, 2014.
As previously announced, Crestwood Midstream and Crestwood Equity Partners LP each plan to report financial results for the third quarter 2014 on Wednesday, 5 November, 2014, before the New York Stock Exchange opens for trading. Following the announcement, management will host a joint conference call for investors and analysts at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) that day to discuss the operating and financial results. The call will be broadcast live over the internet. Investors may participate either by phone or audio webcast.
Adapted from press release by Hannah Priestley-Eaton
Read the article online at: https://www.worldpipelines.com/business-news/23102014/crestwood-announces-quarterly-distribution/
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