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Crestwood Ups Marcellus, Barnett Gathering Volumes
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Crestwood Midstream Partners LP reported its unaudited financial results for the three months ended June 30, 2013. Key financial and operating results included the following:
Second Quarter 2013 Highlights Adjusted earnings before interest, taxes, depreciation, amortization and accretion was $38.9 million, 21% higher than second quarter 2012; Adjusted distributable cash flow was $27.6 million, 16% higher than second quarter 2012; Total gathering volumes averaged 993 million cubic feet per day (MMcf/d), 21% higher than second quarter 2012, with 65% of gathering volumes from rich gas areas; and On May 6, 2013, we announced a series of definitive agreements whereby the owner of our general partner, Crestwood Holdings LLC, would acquire the general partner interest and approximately 29% of…- ✓ Full news archive — U.S., Canada & international coverage
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