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Crestwood Details Asset Diversification in 2012
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Crestwood Midstream Partners LP has reported its unaudited financial results for the three months and year ended December 31, 2012. Key financial and operating results for 2012 included the following:
2012 Financial Highlights Reported adjusted earnings before interest, taxes, depreciation, amortization and accretion (Adjusted EBITDA) of $119.3 million for the year ended December 31, 2012, a 9% increase compared to the $110.0 million reported for the year ended 2011. Adjusted EBITDA was $30.5 million for the fourth quarter 2012, which was consistent with the fourth quarter 2011; Reported adjusted distributable cash flow of $91.2 million for the year ended December 31, 2012, a 4% increase from 2011. Adjusted distributable cash flow was $23.3 million for the fourth quarter 2012, which was…- ✓ Full news archive — U.S., Canada & international coverage
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