Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") announced today the publication of its 2020 sustainability report furthering its commitment to build an MLP industry leading sustainability program. The report, entitled Shaping ESG in the Midstream Sector, provides enhanced transparency on Crestwood’s environmental, social and governance (ESG) performance and includes details on how the company is linking a broader set of ESG goals, such as its methane emissions intensity rate and diversit
The transaction boosts the growth prospects of the buyer while enhancing the sellers' balance sheets.
Kinder Morgan (KMI) has tabled a $1.225 billion acquisition bid for Stagecoach Gas Services, a unit owned jointly by Consolidated Edison (ED) and Crestwood Equity (CEQP). The transaction should close in the third quarter, subject to regulatory approval under the Hart-Scott-Rodino Act. The unit that Kinder Morgan is acquiring consists of 4 storage facilities for the natural gas pipeline network. The purchase bid represents about ten times Stagecoach’s 2020 EBITDA. The acquisition should allow Kin