• Twitter
Generic selectors
Exact matches only
Search in title
Search in content
  • Roger S. Conrad

Portfolio: Ready for the Data Deluge

By Elliott H. Gue on May. 5, 2021

Crestwood Equity Partners saw lower gathering and processing volumes at its systems in the Powder River Basin, Marcellus, Barnett and Delaware (Permian) shale basins in Q1, versus year ago levels. Nonetheless, EBITDA rose by 9 percent and distributable cash flow surged 15 percent.

That pushed dividend coverage up to 2.8 times and produced free cash flow after distributions of $63.6 million. And debt to EBITDA came in at a low 4.2 times. Management also announced it has closed on the purchase of the remaining general partner interest and is now an independent MLP with its own board of directions and no incentive distribution rights to pay. And it raised its 2021 EBITDA guidance range to a mid-point of $600 million, DCF to $360 million and free cash flow after dividends to $155 million.

Energy & Income Advisor

Your complete guide to energy investing, from growth stocks to high-yielders.

In October 2012, renowned energy expert Elliott Gue launched the Energy & Income Advisor, a twice-monthly investment advisory that's dedicated to unearthing the most profitable opportunities in the sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.

Subscribe today to receive a sample issue of EIA
  • Live Chat with

    Elliott and Roger on Aug. 31, 2021

  • Portfolios & Ratings

    • Model Portfolios

      Balanced portfolios of energy stocks for aggressive and conservative investors.

    • Producers and Drillers

      Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.

    • MLPs and Midstream

      Our assessment of every energy-related master limited partnership.

    • International Coverage

      Roger Conrad’s coverage of more than 70 dividend-paying energy names.

    Experts

    • Elliott H. Gue

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor

    • Roger S. Conrad

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor