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Crestwood Equity Partners LP (Crestwood Equity Partners LP) Net Income : $197 Mil (TTM As of Sep. 2023)


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What is Crestwood Equity Partners LP Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Crestwood Equity Partners LP's Net Income for the three months ended in Sep. 2023 was $-20 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was $197 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Crestwood Equity Partners LP's Earnings per Share (Diluted) for the three months ended in Sep. 2023 was $-0.33.


Crestwood Equity Partners LP Net Income Historical Data

The historical data trend for Crestwood Equity Partners LP's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Crestwood Equity Partners LP Net Income Chart

Crestwood Equity Partners LP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.80 285.10 -56.10 -78.50 31.30

Crestwood Equity Partners LP Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -53.30 43.50 31.40 141.60 -20.00

Crestwood Equity Partners LP Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Crestwood Equity Partners LP's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

Net Income(A: Dec. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=74.4+-1.9+0+-41.2
=31

Crestwood Equity Partners LP's Net Income for the quarter that ended in Sep. 2023 is calculated as

Net Income(Q: Sep. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=12.3+-0.2+0+-32.1
=-20

Net Income for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $197 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Crestwood Equity Partners LP  (NYSE:CEQP) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Crestwood Equity Partners LP's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Crestwood Equity Partners LP Net Income Related Terms

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Crestwood Equity Partners LP (Crestwood Equity Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
811 Main Street, Suite 3400, Houston, TX, USA, 77002
Crestwood Equity Partners LP develops, acquires, owns or controls, and operates fee-based assets and operations within the energy midstream sector. The company has a diversified portfolio of crude oil and natural gas gathering, processing, storage, and transportation assets that connect fundamental energy supply with energy demand across North America. It has three reporting segments: Gathering and Processing North, Gathering, and Processing South, and Storage and Logistics. The company serves various producers in unconventional shale plays located across the United States. It generates maximum revenue from the Gathering and Processing North division.
Executives
Clay C Williams director
Jeffrey M Cathey officer: SVP, Controller 2440 PERSHING ROAD, SUITE 600, KANSAS CITY MO 64108
Black John William Iii officer: EVP, Chief Financial Officer 811 MAIN STREET, SUITE 3400, HOUSTON TX 77002
Diaco Aviki officer: EVP, Chief Operating Officer 811 MAIN STREET, SUITE 3400, HOUSTON TX 77002
Frances M Vallejo director 1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
David Lumpkins director 600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
William H. Moore officer: EVP - Corporate Strategy TWO BRUSH CREEK BOULEVARD, SUITE 200, KANSAS CITY MO 64112
Halpin Robert Thornbury Iii officer: President CRESTWOOD MIDSTREAM PARTNERS LP, 717 TEXAS AVENUE, STE 3150, HOUSTON TX 77002
Joel Christian Lambert officer: EVP, Legal, Safety Compliance 600 TRAVIS STREET, SUITE 6000, HOUSTON TX 77002
Robert G Phillips director, officer: Founder, Chairman & CEO 2727 NORTH LOOP WEST, HOUSTON TX 77008
Janeen S Judah director 10713 WEST SAM HOUSTON PARKWAY N, SUITE 800, HOUSTON TX 77064
Angela A Minas director 3262 WESTHEIMER ROAD #627, HOUSTON TX 77098
Warren H Gfeller director
Oasis Petroleum Inc. 10 percent owner 1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002
Gary Duane Reaves director ONE LAFAYETTE PLACE, THIRD FLOOR, GREENWICH CT 06830